Week 4 Retirement Plan Selection

I’m studying for my Management class and need an explanation.

Situation

A new employee joins your company at age 24 making $40,000 per year. Currently, banks are paying 5% interest on saving accounts, and the rate of return on the company stock is 4% per year.

During benefits enrollment, the employee stated that she would like to retire at age 60 with 3 million dollars in her retirement account.

Compare the following retirement options for this particular employee in 1,050 to 1,400 words.

Note that you need to write about all of the retirement plans listed below.

  1. 403B
  2. 401K
  3. Pension
  4. Annuities
  5. IRA
  6. Estate planning

Always write in the third person avoiding the first and second person.

Determine which retirement option(s) you would choose if you were this employee.

Assess the factors that this employee should consider when selecting a retirement plan.

Use this properly formatted cover page and template for this assignment

Week 4 Cover Page

Use this sample reference page as a guide.

Reference Page Example

Format your paper consistent with APA guidelines.

Do not forget to separate the reference page from the main body, arrange the references in alphabetical order, use hanging indents on all references which auto wrap to the next line and use the correct font and font size.


Order the answer to view it

Assignment Solutions


Assignment Solutions

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