Gwen is making $85,000 at a new job. The 401K match is 75% up to 6%...
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Gwen is making $85,000 at a new job. The 401K match is 75% up to 6% and she vests 20% per year; 20% vested when she starts investing. Gwen chooses to invest 10% of her income. Ignoring any growth, at the beginning of year 2, how much should be in the "Gwen's invested money bucket", how much should be in the "company match bucket" and how much is in the "vested bucket"? Gwen is making $85,000 at a new job. The 401K match is 75% up to 6% and she vests 20% per year; 20% vested when she starts investing. Gwen chooses to invest 10% of her income. Ignoring any growth, at the beginning of year 2, how much should be in the "Gwen's invested money bucket", how much should be in the "company match bucket" and how much is in the "vested bucket"?
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Answer rating: 100% (QA)
801 Income 85000 Investment 10 Amount in Money Bucket 05000 10 8500 1 The employ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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