Question

MULTIPLE CHOICE QUESTION

Time to play Two Truths and a Lie! Select
the lie from the statements below.
Your employer can match your investment contribution in a ROTH or Traditional IRA
You can purchase investments such as low cost index funds in an IRA or most 401k's
Your employer can match your investment contribution in a ROTH 401k or Traditional 401k

Answer 1

The lie from the statements below is:

"Your employer can match your investment contribution in a ROTH IRA or Traditional IRA."

While it is true that you can contribute to both a Roth IRA and Traditional IRA and purchase investments such as low-cost index funds, employers cannot match your investment contributions in an IRA. However, employers can match your investment contributions in a Roth 401k or Traditional 401k, which are retirement accounts offered by employers.