Understanding 401(k) and IRAs
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Order Paper Now| Assignment 2 Grading Criteria |
Maximum Points |
| Slide/s and speaker notes explain which account would earn more money for the investor: using a traditional or a Roth IRA. Statements are supported with reasons and examples. |
44 |
| Slide/s and speaker notes describe how people can identify their federal tax bracket. |
44 |
| Calculations for computing net contribution of $3,500 after tax to a traditional IRA are provided. |
28 |
| Calculations for computing net contribution of $3500 after tax to a Roth IRA are provided. |
28 |
| Slide/s and speaker notes identify and select mutual fund based on desired risk tolerance. |
20 |
| Future value of this contribution over 30 years using the average annual return of the fund as an interest rate is computed. |
24 |
| Slide/s and speaker notes explain how an account should be set up to ensure prompt and direct transfer to avoid process of probate and ensure that upon death, the balance transfers to appropriate person. |
24 |
| Slide/s and speaker notes explain what a 401(k) plan is, its benefits, and the restrictions in place to limit 401(k) contributions. |
24 |
| Presentation Criteria: Organization (16) Style (8) Usage and Mechanics (16) APA Elements (24) |
64 |
