Retirement Plan Selection Essay Assignment Paper
Retirement Plan Selection Essay Assignment Paper
A new employee 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 dollars in her retirement account.
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Compare the following retirement options for this particular employee in 1,050 to 1,400 words: Retirement Plan Selection Essay Assignment Paper
403B
401K
Pension
Annuities
IRA
Estate planning
Determine which retirement option(s) you would choose if you were this employee.
Assess the factors that this employee should consider when selecting a retirement plan.
Format your paper consistent with APA guidelines.
As a business owner you are faced with many decisions. Offering a retirement plan through your company can be a great way to help your employees save for retirement as well as increase employee retention and longevity. That being said, there are many solutions to choose from. We can help design and implement a plan that achieves your desired objectives.
Streamlined Process
We have the experience to guide you through the entire process. We will not simply make a recommendation and send you off on your own to carry it out. Our unique advantage as CPA financial advisors is that we possess knowledge and experience to accomplish the entire project under one roof.
Pros & Cons
Understanding the advantages and disadvantages of each option is essential to proper selection. There are many considerations such as the tax impact, budget constraints, and administrative requirements that we can help address.
