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SalTec offers its employees a 401(k) plan. The company matches employee contributions at 50% up to 6%. Dean just started working for SalTec. His annual
SalTec offers its employees a 401(k) plan. The company matches employee contributions at 50% up to 6%. Dean just started working for SalTec. His annual salary is $56,680, and he's paid monthly. Dean would like to have $350,000 in his 401(k) when he retires in 35 years. If his investments earn 7.25%, what percent of his salary should he contribute to his account?
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2.58%
1.83%
1.91%
19.12%
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