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2 Answered Questions for the topic Retirement Saving Plan

Retirement saving problem.

1.    How old are you now? At what age do you hope to retire? These questions are really about answering: How many years do you have until you retire? I’m 35 years old, and would like to retire at... more

An employer will make a matching contribution equal to 50% of the elective deferrals up to 4% of annual compensation.

The employee works 40 hours a week at $10.00 an hour.  The employee elects to contribute 14% of his compensation to his 401(k) retirement account.  How much will the employer contribute every two... more

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