00:01
All right, this problem we have, which of the following is not a benefit of contributing to a retirement account? taxable income is reduced.
00:08
Well, that is true, right? when you contribute your income is reduced.
00:12
So a checks out.
00:14
B employers usually match a portion of your contribution.
00:19
That is true.
00:20
A lot of them do three percent, five percent.
00:22
That means that they match or it means that if you if you contribute three percent of your paycheck to your retirement, your employer has to match it saying that they're going to do three percent.
00:33
So that checks out.
00:35
And now let's look at d.
00:38
Contributions earn interest.
00:39
Well, yeah, that's kind of the whole point, right? is that my money's going to go to work for me? i'm going to put in ten dollars and then after a certain amount of time my ten dollars will increase...