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Directions: Complete the investment chart based on the facts given for each person's situation. Assume each person or couple is investing 15% of their annual
Directions: Complete the investment chart based on the facts given for each person's situation. Assume each person or couple is investing 15% of their annual household income. Follow the order of contributions for each person(s) listed below when completing the calculations. Alex will take advantage of the company match (5% of salary) then put the remainder of his 15% into a Roth IRA. Barbara will fund the 401(k) up to the match and put the remainder of her 15% into her Roth IRA. Callie and David can each fund an individual Roth IRA, then put the remainder in the 401(k). With no company match for the 401(k), they should fund the Roth IRA first (2021 contribution of $6,000 per individual). Esther is not eligible to open a Roth IRA because there's an annual earnings limit - since she makes more than $140,000 per year, she is not eligible to open a Roth IRA. She will max out her 401(k), then she will have to open a regular IRA with the remainder of her 15% investment. Frank and Georgia are within the Roth IRA earnings limit for a married couple. After maxing out the individual Roth IRA accounts (2021 contribution of
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