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401k vs. Investing in a House

401k vs. Investing in a House. EGR 403 Team 3. Team Members. James Coats – Summarizer Melanie Marin - Techie Chris Mui - Organizer. Type of project. Personal Investment Find future worth Fixed Input. Scenario.

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401k vs. Investing in a House

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  1. 401k vs. Investing in a House EGR 403 Team 3

  2. Team Members • James Coats – Summarizer • Melanie Marin - Techie • Chris Mui - Organizer

  3. Type of project • Personal Investment • Find future worth • Fixed Input

  4. Scenario • A 25-year old engineer plans to invest 5% of his salary over the next 40 years • Assume a 2% promotion every 10 ten years

  5. Personal Investing • Option 1: invest in a 401k • Option 2: invest in a secondary house to rent out vs

  6. Resources • Base salary for an average 25 year old Engineer • Internet • Class resources • Current 401k plans

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