If Your Goal Is to Save for Retirement, Which of the Following

question 14

Multiple Choice

If your goal is to save for retirement, which of the following investments would you not consider?

• A) 401(k) plan
• B) Traditional IRA
• C) Profit-sharing plan
• D) Intermediate term certificate of deposit

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Definitions:

Empirical

Relies on, deals with, or can be proven through watching or undergoing something firsthand rather than through theoretical or strictly logical means.

Comparative

Involving the assessment or analysis of similarities and differences between two or more entities.

Pragmatic

A practical approach to problems and affairs, focusing on the results and consequences of actions.

Empirical Reasoning

A method of thinking that relies on observation and experience rather than theory or pure logic.