Retirement options

 

 

A new employee, with spouse and two children, 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. Your organization has a cafeteria style Benefit plan.

Compare the following retirement options for this particular employee in 900 to 1,200 words: (a matrix would work well here- apiw1000w. See grading guide).

401(k) – Defined Contribution (+25% matching)
Pension – Defined Benefit
Annuities
IRA
ROTH IRA
Company stock plan (ESOP)
Estate planning
Determine which retirement option(s) you would choose if you were this employee. Explain why.

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

 

 

Sample Solution

 

 

 

Envision Communities: Perfect Communities to Live in

Streets are “flawlessness”, individuals have honorable ethics and qualities, kids have experienced similar instruction, the houses are completely orchestrated along the street, and the engineering is actually the equivalent. The entire network has a wonderful nursery. Wrongdoing It appears to be a network you need to leave. The Colby people group is a lovely network as it is loaded up with bliss, structure and great good limitations. Be that as it may, how would you become an individual from this network?

Jonas lives in a network that is considered “great”. As it were, there is no war, torment, distress, outrage. So as to accomplish this “flawlessness” his locale is viewed as hurtful and “overlooks” the memory of the things that put a weight on each history on his shoulder, “recipient” that was carrying on with an ideal life There was. By recording all recollections of the network, the beneficiary permits individuals to carry on with a tranquil life. In any case, thusly, the network likewise loses all the capacity to encounter genuine feelings, including nice sentiments. It has additionally lost its capacity to develop, change and better. Individuals have lost their rich lives for quite a while, and individuals have lost the capacity to see hues and tune in to music. Basically, individuals lose all the opportunity of personality and genuine bliss, yet they don’t feel it.

Envision a network of 2,500 km from Brisbane and 3,600 km from Canberra. We should envision this network thinking in a totally unexpected manner in comparison to we are acquainted with and brimming with living individuals. In this network of ages back how about we envision that the youngsters were detracted from their families. They are said to never talk their first language, they should do what they state. For this situation, they are rebuffed by savagery in view of their disappointment. This people group exists in numerous networks, this is their authentic story

 

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