Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You've just graduated and taken a job with Al-Mart. Your benefits package includes a 401(k). You have no idea how to invest your funds in
You've just graduated and taken a job with Al-Mart. Your benefits package includes a 401(k). You have no idea how to invest your funds in the 401(k), so you decide to use the " default investment." Which of the following mutual funds is most likely to be the default investment for a 21-year old college graduate? A. Fidelity 2060 Lifecycle Allocation fund B. Vanguard Empire balanced fund C. American Funds Washington Fixed income fund D. T. Rowe Price 2020 Asset Allocation fund
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started