Tom Speeder is a new client. From reviewing his client questionnaire, you were able to gather the

Question:

Tom Speeder is a new client. From reviewing his client questionnaire, you were able to gather the following facts. He is 50 years old and was recently hired as a middle-level manager with a car manufacturer. Tom's salary for the current year is $200,000. In his initial meeting with you, Tom indicates that he would like you to look into an idea he has that will help him maximize his investment He tells you that his new company offers its employees the ability to participate in a Section 401(k) plan. He believes it would be to his benefit to maximize his contribution to the company's 401(k) plan that provides for matching employer contributions up to $3,000 annually. The plan provides for a maximum annual employee contribution of no greater than that provided by the IRC.
It is January, and Tom has indicated to you that he would like to accelerate the maximum contributions to the plan by contributing his entire monthly paycheck until he funds the entire amount. He believes that if he front-loads his contributions as opposed to evenly spreading out his contributions, he will maximize the growth of his and the earnings will be tax free.
After further discussions with Tom, you discover that, in addition to his salary, he receives the following employment benefits:
• $ 100,000 group term insurance for which the employer pays the premiums (totaling $200/year)
• Health insurance, for which the employer pays the $100 in monthly premiums
• As part of the company's Employee Educational Assistance Plan, tuition for one academic course chosen by the employee will be paid to a local university. For the current year, Tom plans to take a course on "Organizational Behavior" that he is interested in and believes will help him better understand his work environment. The university offers both undergraduate and graduate courses in this subject. Tom may take either and will wait to determine which is offered at the most convenient time.
a. What relevant primary authority did you locate?
b. Does the authority adequately address the research question(s)? If so, what are your conclusions and reasoning upon which they are based?
c. Were there additional questions that required research beyond a reference service? Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...