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Topic: Retirement Plan Selection

Description

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 in her retirement account.

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

403B
401K
Pension
Annuities
IRA
Estate planning


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

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

Format your paper consistent with APA guidelines.

Type of service-Academic paper writing
Type of assignment-Reaction paper
Subject-Business
Pages / words-4 / 1100
Number of sources-2
Academic level-Junior (College 3rd year)
Paper format-APA
Line spacing-Double
Language style-US English

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