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Retirement

Retirement. Group 3 Peter Frydendall Chaz McKinney Matthew Miyata Marvin Rosa. Scenario. Student with a masters degree New job Starting salary $70k 2% increase a year Needs an individual retirement plan 401k is not offered. ROTH IRA vs IRA.

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Retirement

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  1. Retirement Group 3 Peter Frydendall Chaz McKinney Matthew Miyata Marvin Rosa

  2. Scenario • Student with a masters degree • New job • Starting salary $70k • 2% increase a year • Needs an individual retirement plan • 401k is not offered

  3. ROTH IRA vs IRA • Has to choose between Roth and traditional individual retirement accounts • He will contribute $5k a year • He will work for 35 years

  4. Outcomes • Best plan would be the one with the highest return when he retires

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