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Janessa is 29 years old and she is about to stathe fist full-time job. She is currently single and she is willing to take the
Janessa is 29 years old and she is about to stathe fist full-time job. She is currently single and she is willing to take the appropriate risk she needs to prepare for retirement. Her starting annual salary is $63,000 and she has no retirement savings yet. Her employer will match 100% of her contributions up to the first 4% of her salary to the company's 401(k) account. Part A - Annual Savings Use this link to determine her retirement saving needs: 1. What amount should Janessa be saving each year? (Use this amount in the "Total" box.) How much of the total annual savings should she be saving in her 401(k), a Traditional IRA, and/or a ROTH IRA? Put these amounts in the table in the "Amount" column. 2. . Why did you pick each amount? Put your explanation in the table next to the amount. Make sure you use concepts from your text, class materials, etc. to justify your position
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