Which of the following is NOT a benefit of participating in a 401(k) plan? Answe

Question

Which of the following is NOT a benefit of participating in a 401(k) plan? Answer Your employer is required to match your contribution up to 6% Contributions are taxed up front, but there is no tax on withdrawals during retirement Your employer bears most of the risk None of the above are advantages of 401(k)s Which of the following is NOT a benefit of participating in a 401(k) plan? Your employer is required to match your contribution up to 6% Contributions are taxed up front, but there is no tax on withdrawals during retirement Your employer bears most of the risk None of the above are advantages of 401(k)s Your employer is required to match your contribution up to 6% Contributions are taxed up front, but there is no tax on withdrawals during retirement Your employer bears most of the risk None of the above are advantages of 401(k)s

Explanation / Answer

Contributions are taxed up front, but there is no tax on withdrawals during retirement

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