How many dollars should they contribute

Reference no: EM133290861

Question: Gillian's new employer offers a 401(k) plan that has a 100% match up to 5%. They would like to save $5,000/yr of their $49,000 salary for retirement. Assuming there are no contribution limits for IRAs, how many dollars should they contribute to their 401(k) each year?

Reference no: EM133290861

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