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How much of her income should Jasmine contribute

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Question - Jasmine, age 29, makes $85,000 at her current job as a Public Relations Director. She's single and completely debt-free. Her company offers a matching program to all employees of 100% up to the first 3%, and 50% of the next 3%. Jasmine is currently funding her 401(k) at 10%.

Required -

1. What retirement contribution advice would you give to Jasmine? Explain your answer.

2. How much of her income should Jasmine contribute to retirement?

3. What types of accounts should Jasmine use for her investments?

4. How much should Jasmine contribute to each account and what is the dollar amount of the company match?

Reference no: EM132721184

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