Why have 401(k) plans become so popular?
What will be an ideal response?
Employers like them because they shift the burden of retirement planning, risk, and investment management to employees. Employees like the tax advantages and flexibility offered by such plans.
You might also like to view...
Though a piece of equipment is still being used, the equipment should be removed from the accounts if it has beenfully depreciated
a. True b. False Indicate whether the statement is true or false
Profane consumption involves consumer objects and events that are ordinary
Indicate whether the statement is true or false
Bonds are a popular source of financing because
a. bond interest expense is deductible for tax purposes, while dividends paid on stock are not. b. financial analysts tend to downgrade a company that has raised large amounts of cash by frequent issues of stock. c. a company having cash flow problems can postpone payment of interest to bondholders. d. the bondholders can always convert their bonds into stock if they choose.
The average American worker loses an hour daily hunting for papers, files, keys, phone, and eyeglasses needed to complete a task.
a. True b. False