Multiple Choice
Which of the following is false about a 401(k) plan?
A) Withdrawals before age 59 1/2 result in a 10% tax penalty.
B) Less than 50% of all employers offering these plans match a portion of employee's contributions.
C) Your contributions are limited to a set dollar amount each year.
D) The money you contribute is deducted from your pay before taxes are assessed.
Correct Answer:
Verified
Correct Answer:
Verified
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