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1. Your new employer offers a company match 50% up to the first 6% you invest. You decide to contribute 7% of your annual salary
1. Your new employer offers a company match 50% up to the first 6% you invest. You decide to contribute 7% of your annual salary of $40,000. What dollar amount will be matched on an annual basis?
2. What is the tax benefit of investing in a company sponsored 401-k?
3. Do you have better odds of becoming a millionaire with buying lottery tickets, or making regular contributions to your retirement account?
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