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Financial problem-sponsored retirement plan

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Reference no: EM131322313

Financial Problem:

You have employer-sponsored retirement plan. Assume, your age is 35 and you plan to retire at 65. You can contribute $3,600 per year to this plan. Your employer will match this amount. If you can earn an eight percent return on this investment,

How much will you have at retirement?

How much would you have at retirement if you had started this plan at age 25?

Financial Online:

Use the appropriate web site for Social Security benefits. Enter your age and current total earnings for the year. Select your benefit in today’s dollars or inflated future dollars.

What are your monthly social security benefits at age 62, 65 and 70?

Which one would you pick and why?

Give website address your used.

Use an appropriate web site. Based on your personal information, determine which Individual Retirement Account (IRA) is better for you and how much your contributions will grow by retirement. Give website address.

Reference no: EM131322313

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Financial problem-sponsored retirement plan : You have employer-sponsored retirement plan. Assume, your age is 35 and you plan to retire at 65. You can contribute $3,600 per year to this plan. Your employer will match this amount. If you can earn an eight percent return on this investment, How m..
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