Maria Gomez has recently been hired by a major corporation with a 401(k) plan. She thinks she will not participate, though, because she believes she can earn better returns investing on her own. What insight can you offer Maria?
Answer to relevant QuestionsIs holding a single fund in a 401(k) plan a good strategy, particularly if that fund was a super performer last year? How does gambling differ from purchasing insurance? An engine fire destroys your car. Which coverage would reimburse you for the dam age? What is the maximum amount you could collect under your auto policy? 1. Given the position of the insurance company, what is the smallest reimbursement the Pages can expect? 2. Is there any chance they can collect for the destroyed auto? How much and from whom? 3. Suppose the Pages disagree ...It’s impossible to purchase disability insurance covering 100 percent of lost income. Why?
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