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A Q5 Application Time! Jessica will take the appropriate risk she needs to prepare for retirement. She has no retirement savings yet. Her employer
A Q5 Application Time! Jessica will take the appropriate risk she needs to prepare for retirement. She has no retirement savings yet. Her employer will match - use the following information to determine the overall retirement saving needs. *Step 1: Find out how much should be saved each year. For the website link and numbers to input, see the "Info Sheet". Place the 1st year savings goal in the "Total Amount Saved" box. For 401k employee and employer contributions, please look at the "Info Sheet" for answers. You will insured the dollar amount, not the percentage in the table below. **Step 2: How much should be contributed to a 401k, based on maxing out the employers match? See "Info Sheet" for the percentage of employee/employer match limits. Research a fund analyzer to compare the investment vehicle choices (DNVYX, JIFIX, JAQAX) within the employer's 401k plan (focus on fees, profits/losses). D F Employer offers the following 401k Investment Vehicle choices: DNVYX JIEIX JAQAX ***Step 3: Pick the most appropriate retirement account choice: The following Traditional or Roth IRA choices: Target Date Fund Apple Stock 10 yr. Treasury Note Research own choice Step 2-Choice Explanation (discuss the amount and reason for investment vehicle choice) "Step 1: Total Amount Saved **Step 2: Contribution 401k - Employee 401k - Employer Contribution Total 401k Contributions Amount to invest Difference in Step 1-Step 2 in an IRA
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