retirement plan selection 8

Assignment Content

  1. Resource:
    Retirement Plan Selection Grading Guide

    A new employee joins your company at age 24 making $40,000 per year. Currently, banks are paying 5% interest on saving accounts, and the rate of return on the company stock is 4% per year. During benefits enrollment, the employee stated that she would like to retire at age 60 with $3 million in her retirement account.

    Compare the following retirement options for this particular employee in 1,050 to 1,400 words:

    • 403B
    • 401K
    • Pension
    • Annuities
    • IRA
    • Estate planning

    Determine which retirement option(s) you would choose if you were this employee.

    Assess the factors this employee should consider when selecting a retirement plan.

    Format your paper consistent with APA guidelines.

    Submit the assignment.


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