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Question 23 2.5 pts What is the biggest benefit offered by company retirement plans that individual retirement plans do not have? Guaranteed Returns on Investment

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Question 23 2.5 pts What is the biggest benefit offered by company retirement plans that individual retirement plans do not have? Guaranteed Returns on Investment A defined benefit amount at investment maturity Company Contxbutions Diversity of Investments A type of company retirement plan which offers guaranteed automatic payouts in retirement based on a formula that usually considers your salary and years of service is known as a: 401K Mutual Fund Pension Annuity You are offered your first job post-gradation and it is time to setup your 401k retirement amount. Your salary is $36,000 per year and your company is offering to match any contributions you make to your 401k up to 5%. This equates to $ 1,800 per year, or $150 per month, which feels like a lot of money for you to htvest when you have not yet gotten settled. What percentage of your pay should you invest in your 401k? 0% 2.5% 3% 5%

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