Question: You recently turned 3 8 and have started looking for a new job. You currently make $ 7 0 , 0 0 0 a year
You recently turned and have started looking for a new job.
You currently make $ a year and are paid every two weeks, and they provide a match on your K up
Yesterday, you received an offer with a salary of $ The new offer includes a match on your K up They also pay every two weeks.
Both K funds have two options: low risk, which is annually, and High risk, which is annually. You contribute to your K to receive the full match. If you choose the new company, you can afford to increase your K contribution to receive a match. Your current K has a balance of $ Both employers contribute to your every two weeks. You plan to retire at age
Calculate the Future Value of the Lowrisk and highrisk funds for your current company and the new job offer and determine which gives you a better chance to retire at age
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