Saving $4464 yearly. Employer matches 100% of savings up to 3% of yearly salary which is $48,000.

Step 2: How much of the total annual savings should he be saving in his 401(k), a Traditional IRA, and/or a ROTH IRA? Put these amounts in the table in the Amount column.

Step 3: Why did you pick each amount? Put your explanation in the Why did you choose this amount section of the table.

Step 4:

Employer offers the following 401(k) Investment Vehicle choices:

• Davis New York Venture Fund Class Y [DNVYX]
• Aberdeen Select International Equity Fund Class [JIEIX]
• Janus Asia Equity Fund Class A [JAQAX]

Research a fund analyzer to look up and compare the funds Michael has to choose from within his employers 401(k) plan. (focus on the fees, profits/losses).

The following Traditional or Roth IRA choices:

• Target Date Fund
• Apple Stock
• 10 Year Treasury Note
• Your own choice (you must explain why)

Pick the most appropriate choice from the lists above for the investment vehicles. Then type your choice in the Investment Vehicle Choice section of the table. Please note that when you finish the table, all the boxes may or may not contain data. It is OK to have N/A or zeros in some of the boxes as long as you provide your rationale as to why you put zero(s).

Step 5:Why did you pick each fund? Put your explanation in the Why did you choose this fund section of the table.

Make sure you use concepts from your text, class materials, etc. to justify your position.
Account	Amount	Why did you choose this amount?	Investment Vehicle Choice	Why did you choose this fund?
401(k)	Employee Contribution: $
	Employer Contribution: $
If you decide to invest all or part of the total amount outside the 401(k), choose one of the following Individual Retirement Accounts:
Traditional IRA	$
Roth IRA	$
Total	Add up the 4 boxes directly above this box: $4,464 yearly (note: make sure the above items also total up to the recommended total from Step 1)