Funding 401Ks and Roth IRAs
Directions:
Complete the investment chart based on the facts give...
Business, 09.12.2020 20:10 HannaTheGurls
Funding 401Ks and Roth IRAs
Directions:
Complete the investment chart based on the facts given for each situation. Assume
each person is following Dave's advice of investing 15% of their annual household
income. Remember to follow the sequence of contributions recommended in the
chapter.
Investment
401K
Roth IRA
Annual
Salary
Company
Match
Total Annual
Investment
Joe
$40,000
1:1 up to 5% $6,000
$38,000
Melissa
$55,000
1:2 up to
6%
$8,250
$
Tyler &
$105,000
No Match
$
$
Megan
$150,000
No Match
$
David &
Brittany
$
Brandon
$35,000
2:1 up to 6% $5,250
$
Chelsea
$28,000
No Match
$
$
Answers: 3
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