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Posted on Sep 01, 2024

Daniel's new employer offers a 4 0 1 ( k ) plan that has a 1 0 0 % match up to 5 % .

"Daniel's new employer offers a

401 (

)

plan that has a

100 %

match up to

5 % .

They would like to save $

2, 000 /

yr of their $

49, 000

salary for retirement. Assuming there are no contribution limits for IRAs, how many dollars should they contribute to their

401 (

)

each year?"

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