Roger and Julie are married. Roger is a police officer and earns $50,000 per year. He contributes

Question:

Roger and Julie are married. Roger is a police officer and earns $50,000 per year. He contributes 10% of his salary to his retirement plan. His employer also makes a 5%

match contribution. Julie stays at home with their children and contributes $5,000 to an IRA. What is their total saving rate?

a. 10.0%.

b. 20.0%.

c. 20.5%.

di 25.0%.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Financial Planning

ISBN: 9781936602094

3rd Edition

Authors: Michael A Dalton, Joseph Gillice

Question Posted: