Author Question: Which of the following is a common investment mistake that many retirement plan participants make? ... (Read 169 times)

neverstopbelieb · **on:** Jul 11, 2018

Which of the following is a common investment mistake that many retirement plan participants make?

A) not investing heavily enough in common stock issued by the employer
B) investing too heavily in common stock when close to retirement
C) participating in an employer-sponsored retirement plan to obtain matching employer contributions
D) participating in an employer-sponsored retirement plan and contributing the maximum amount allowed

Question 2

Winslow Corporation has many long-term employees. The company has never had a pension plan. Recently, a new management team was hired.

The new president said he would like to start a pension plan through which he could reward the long-term service provided by many employees. Which of the following types of plans should Winslow Corporation adopt?
A) section 403(b) plan
B) section 401(k) plan
C) money-purchase plan
D) defined benefit plan