Question

PLEASE HURRY I NEED THIS NOW

Alexander is an HR executive at a large company. “Our company offers a 401(k) program with a 3 percent match,” he tells a new hire. “Why should I put money in a 401(k)?” the new hire asks. “I won’t retire for many years, so I don’t see why I should think about that now.” How should Alexander explain the importance of the program and the match?

Answer 1

Alexander should explain to the new hire that a 401(k) is a great way to save for retirement and that the 3 percent match from the company is an added bonus. He should explain that the money in the 401(k) will grow over time, and that the earlier they start saving, the more money they will have when they retire. He should also explain that the company match is essentially free money, and that it's a great way to get started on their retirement savings.

Step-by-step explanation:

Hope this helps :)