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Retirement Assignment Tom and Jenny graduated college and got married. Both are in their 20s. Tom works for Accenture and earns $50,000 per year.

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Retirement Assignment Tom and Jenny graduated college and got married. Both are in their 20s. Tom works for Accenture and earns $50,000 per year. Jenny works for Prudential and earns $40,000 per year. 401(k) Tom contributes 5% to his 401(k) Accenture matches up to 5% Jenny contributes 5% to her 401(k). Prudential matches up to 2.5% IRA Tom and Jenny both contribute the maximum to a Roth IRA Questions 1) Annually, how much do Tom and Jenny contribute to their 401(k)'s? Tom - Jenny - Together - 2) Annually, how much did their employers contribute to the 401(K)'s? Tom- Jenny - Together - 3) If Tom and Jenny contribute the maximum to their Roth IRA, what was the total | contribution? 4) What was the total contribution collected from Tom, Jenny, and their employers?

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