Tasmine\'s 401(k) Strategy 9 makes $85,000 at her current job as a Public Jasmin

Question

Tasmine's 401(k) Strategy 9 makes $85,000 at her current job as a Public Jasmine, age 2 Relations Dire company o ogram to all employees of 100% 3%, and 50% of the next 3%. Jasmine is currently What retirement contribution advice would you give to 2 How much of her income should Jasmine contribute to funding her 401(k) at 10%. Jasmine? Explain your answer. retirement? 3 What types of accounts should Jasmine use for her investments? 4 How much should Jasmine contribute to each account and what is the dollar amount of the company match?

Explanation / Answer

1. she should invest in a retirement plan and start saving up for when she is older.A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren't paid until the money is withdrawn from the account.

2. Amount total: $85,000 > since she is funding her 401 K at 10%. Therefore $8,500 should be contributed to the retirement plan.

3. She could buy some shares, different pension accounts and some savings account.
4. Invest: $2,100
company match: $2,100
put investments in an account and keep track of how much she puts in

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