Solved

Which of the Following Statements Describes How a Traditional 401(k)

Question 27

Multiple Choice

Which of the following statements describes how a traditional 401(k) account is similar to a Roth 401(k) account?


A) Both accounts can receive matching contributions from employers.
B) Distributions from a traditional 401(k) account and a Roth 401(k) account are both subject to minimum distribution penalties.
C) Employers generally choose how funds in these accounts will be invested.
D) Employees contribute before-tax dollars to both types of accounts.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions