Alicia Cooper makes sure to contribute ten percent of her monthly earnings to her 401(k) plan at work. Her 401(k) plan allows her to invest in several different types of mutual funds. Which suggestion for the obtaining money she needs for investing is she following?
B. TAKING ADVANTAGE OF EMPLOYER SPONSORED RETIREMENT PROGRAMS
Alicia Cooper is following the suggestion of saving a portion of her earnings to invest in mutual funds. By contributing ten percent of her monthly earnings to her 401(k) plan at work, she is setting aside money specifically for investment purposes.
To determine which suggestion Alicia is following, we need more information about the available options. The question mentions that her 401(k) plan allows her to invest in several different types of mutual funds. It's possible that Alicia's plan offers a variety of investment options, such as stock funds, bond funds, index funds, or target-date funds.
To answer the question and determine which suggestion Alicia is following, we would need to know more specific details about the available investment options within her 401(k) plan.