If You Start a New Job and Are Offered the Opportunity

question 43

Multiple Choice

If you start a new job and are offered the opportunity to participate in the company's 401(k) or 403(b) retirement plan,which of the following decisions can affect your financial future?

• A) Participating in the retirement account as a way to reduce income taxes.
• B) Participating in the retirement account to take advantage of the employer's matching contributions.
• C) Choosing mutual funds from a number of different fund options for your retirement account.
• D) Basing your actual choice of investments on your age, how long before you retire, and your tolerance for risk.
• E) All of these decisions would have a financial impact.

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Definitions:

Special Interest Group

A group of individuals or organizations that unites based on shared interests or goals to influence public policy or opinion.

Police Unions

Organizations representing the collective interests of police officers, focusing on issues such as wages, working conditions, and legal protections.

Penn State University

A public research university located in State College, Pennsylvania, known for its strong academic programs and research initiatives.

Hidden Curriculum

Refers to the unspoken or implicit values, behaviors, and norms that are learned in school, beyond the formal content of lessons.