Critical 401(k) Questions

Research the following questions and answer them in complete sentences. Use information found on reputable financial websites to justify your answer.

Question 1

Short answer

Do financial experts suggest it is better to contribute a fixed dollar amount or a percentage of one’s income to a 401(k)? Why is one better and why? Explain your answer in depth and give examples.

Question 2

Short answer

Do financial experts suggest it is better to invest in a 401(k) with pre-tax or post-tax dollars? Why?

Question 3

Short answer

How much should one save and invest to adequately meet one’s financial needs in retirement?

Question 4

Short answer

What is the difference between “load” and “no load” mutual funds? Which one do experts suggest is better?

Question 5

Short answer

What is asset allocation? What percentage of one’s retirement income do experts suggest should be put into stocks and bonds depending on one's age?

Question 6

Short answer

How important are expense ratios when looking at mutual funds? What impact does an extra 1% fee have over the course of an investor’s lifetime?

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