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Final answer:
Employee contributions to an employer's retirement plan with matching contributions offer free money, tax-deferred growth, and can demonstrate financial responsibility.
Explanation:
Employee contributions to an employer's retirement plan with matching contributions are beneficial for various reasons:
- Employer matching: Employers offering matching contributions essentially provide employees with free money, doubling their savings without increasing their contributions.
- Retirement savings growth: Contributing to a retirement plan ensures financial security in the future by allowing for tax-deferred growth of the saved amount.
- Job security and responsibility: By participating in the employer's retirement plan, employees demonstrate financial responsibility and may enhance their job security.
Learn more about Employee contributions to retirement plans here:
https://brainly.com/question/13853896
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