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Kim is a sales representative for a medical software company. She's planning to start saving for her son's college education and her own
retirement. Kim could start contributing to her employer-sponsored _________
for retirement and __________
for her son's college education.

Blank A)
A) IRA
B) 401(k)
C) 529 plan

Blank B)
A) IRA
B) 401(k)
C) 529 plan

Respuesta :

Answer:

Blank A-Option B is correct , 401(k)

Blank B-Option C is correct,529 plan

Step-by-step explanation:

401(k) is an employer sponsored retirement benefits plan where the employer and employee contribute a percent of the employee's benefits or gross income every payday in order that the funds can be used to to generate further wealth by a way of investment for the benefit of the employees upon retirement.

529 plan on the other hand,is a college savings plan wherein parent,guardian or even the beneficiary(the would college student) saves money at interval with hope of funding the costs of college education

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