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A husband and wife have decided to contribute the same amount of money to their retirement accounts each month.The husband is paid exactly twice each
A husband and wife have decided to contribute the same amount of money to their retirement accounts each month.The husband is paid exactly twice each month and has decided to deposit $50 from each of his paychecks into his 401k.The wife is self-employed, so she has decided to deposit $100 of her earnings into the 401k each month.Let's assume that they are depositing into two separate 401k accounts, each with an APR of 6.99%, and plan to retire in 35 years.
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