Some people find that it is much easier to save for retirement when they request that their
Question:
Some people find that it is much easier to save for retirement when they request that their employer automatically direct a portion of their income to their retirement account. Describe your strategy to invest in your retirement. Are you currently investing in a retirement account? If so, do you use a defined-contribution plan for this purpose?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
My strategy to invest in my retirement is to contribute a percentage of my income to a 401k account through my employer I have set up automatic contri...View the full answer
Answered By
Kenneth Mutia
I have a B.S. in Statistics from the Jomo Kenyatta University of Agriculture and technology. I have been an academic tutor for over 3 years. I have a passion for helping students reach their full potential and am dedicated to helping them succeed. I am patient and adaptable, and I have experience working with students of all ages and abilities, from elementary school to college in their various fields. I have a wide scope of diverse tutoring experience in several courses of study with significant success as a tutor.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
You are planning to save for retirement over the next 30 years. To do this, you will invest $700 a month in a stock account and $300 a month in a bond account. The return of the stock account is...
-
Everyday experience indicates that it is much easier to compress gases than liquids. This property is measured by the isothermal compressibility, =1/V V/p| T , the fractional change in a substances...
-
You measure a tree's shadow and find that it is 8 meters long. Then you measure the shadow of a nearby two-meter lamppost and find that it is 75centimeters long. (See figure.) How tall is the tree?...
-
Firms raise capital from investors by issuing shares in the primary markets. Does this imply that corporate financial managers can ignore trading of previously issued shares in the secondary market?
-
What are some of the difficulties that might come up in actual applications of the various criteria we discussed in this chapter? Which one would be the easiest to implement in actual applications?...
-
Sludge is wet solids taht result from the processing in sewage systems. The sludge has to be dried before it can be composed or otherwise handled. if a sludge containing 70% water and 30% solids is...
-
Ability of material to resist deformation due to stress is known as: (a) Toughness (b) Stiffness (c) Plasticity (d) Hardness
-
The income statement for Mosquera Golf Club for the month ending July 31 shows Service Revenue $19,200, Salaries and Wages Expense $8,800, Maintenance and Repairs Expense $2,500, and Net Income...
-
What is the amount of cash Target paid to repurchase shares of their own stock during the most recent fiscal year? What is the total par value (not par value per share) of the common stock Target...
-
Two-lens systems. In Figure stick figure O (the object) stands on the common central axis of two thin, symmetric lenses, which are mounted in the boxed regions. Lens 1 is mounted within the boxed...
-
You can develop your personal finance skills by conducting an Internet search for related articles. Find a recent online article about personal finance that reinforces one or more concepts covered in...
-
Go to https://www.ssa.gov and then go to the Benefits section and then click on Retirement Estimator to estimate your benefits at retirement. Determine your monthly Social Security benefits.
-
State whether each of the following statements is true or false. _______ 1. Mortgage bonds and sinking fund bonds are both examples of debenture bonds. _______ 2. Convertible bonds are also known as...
-
You are CIO of a 250-physician medical practice. The board of directors has approved the purchase of an electronic medical record (EMR)system. You have decided on the HL7 EHR Functional System Model....
-
describe three ways in which leaders/supervisors can model and encourage open and supportive communication within their teams
-
You currently work as an auditor for an accounting and audit firm. A prospective client, a major US ground transport Company, has approached your firm, and shared their goal of expanding operations...
-
Liam buys a computer for $1800. He takes out a simple interest loan at 8% for this computer for 3 years. He puts no money down. What will be his monthly payments if he plans on paying it off in 3...
-
Kate has planned top invest 12000 per year at the start of the year in a Mutual fund earning 9% rate of return per year for he retirement that is 30 years away . How much will she accumulate on her...
-
Assume a jury rules that John Forsyth was driving negligently and caused an automobile crash that injured the plaintiff. a. Does moral fault attach to Forsyth? b. Would your answer in (a) be...
-
(a) Explain why the concentration of dissolved oxygen in freshwater is an important indicator of the quality of the water. (b) How is the solubility of oxygen in water affected by increasing...
-
Briefly describe some of the significant features of the Affordable Care Act.
-
Who offers health insurance? Do employers offer health insurance?
-
Compare and contrast private health care fee for service plans and managed health care plans.
-
K Use the diagram to find the measure of exterior angle BCD. The measure of exterior angle BCD is B 8x (36x - 2) D (25x + 10) C A
-
Solve the System. Give answer as (x, y, z). -5x-3y+3z = 1 4x-6y3z = -20 - 5x 12y+3z = -7 (x, y, z) = (0,0,
-
standard form (vertex form). f(x) = -2x-5x 6
Study smarter with the SolutionInn App