Question

Which of the following is generally true about 401(k) and 403(b) retirement plans? AThey are plans offered through employers. BThey offer some tax benefits. CThey restrict when you can withdraw your money. DAll of the above

Answer 1

im not really sure but i think a is one of the answers.

Answer 2

Answer:

D) All of the above

Explanation:

401 (k) and 403 (b) plans are sponsored by employers. They allow employees to save money by investing in a retirement account, and the contributions are tax deductible. Employees pay taxes only after they start to withdraw money from their accounts. If an employer withdraw money before they reach 59 1/2 years old, they have to pay a 10% penalty on the amount withdrawn.