Bill Smith and Sara Jones Bill Smith is 35 years old. He is employed as a regional planner for the Tri-County area planning office in Texas. He is married to Sara Jones, also 35, who is self-employed as a web developer. They have two children ages 2 and 4. Bill has been employed by Tri-County since completing his master's degree 10 years ago. His current salary is $55,000 per year. He anticipates that his salary growth will be approximately 0.5% greater than the rate of inflation. Tri-County offers a 401k-style retirement plan. Tri-County contributes 8% of gross salary to the plan. Bill may elect to contribute more on a pre-tax basis so long as the total contributions to the plan are not more than $15,000. Currently, Bill is contributing 5% of his salary to the plan. Sara earned $25,000 last year as a result of her business activities. She does not anticipate expanding her business, but instead plans to devote more of her time to charitable activities as the children grow. She too expects that the rate of growth in her income will be approximately 0.5% greater than the rate of inflation. Sara contributes 15% of her annual income to