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Evaluate and compare IRA vs. 401k, maximize long-term returns, and explore techniques to optimize investment choices for recent male engineering graduates. Investigate inflation impact, invest 20% salary, and weigh pros and cons to determine the most beneficial financial plan.
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IRA vs 401K By James Traylor Michael Pan Melissa Sy James Ayoub Team 6
Objective • Evaluate 401k vs IRA • Compare Pros & Cons • Maximize returns in the Long run • Find most useful techniques to solve our dilemma
Scenario • We will be investing 20% of our Salary into the IRA/401K • Take into account inflation • We are an average Male Engineer just recently graduated from college
Results • The end result will be whatever plan gives us the most return on our money in the end. This plan will be most worthwhile. • There might be alternative options as well since everything is not black and white.