401k vs. Investing in a House EGR 403 Team 3. Team Members James Coats – Summarizer Melanie...
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401k vs. Investing in a House EGR 403 Team 3
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Transcript of 401k vs. Investing in a House EGR 403 Team 3. Team Members James Coats – Summarizer Melanie...
401k vs. Investing in a House
EGR 403
Team 3
Team Members
James Coats – Summarizer Melanie Marin - Techie Chris Mui - Organizer
Type of project
Personal Investment Find future worth Fixed Input
Scenario
A 25-year old engineer plans to invest 5% of his salary over the next 40 years
Assume a 2% promotion every 10 ten years
Personal Investing
Option 1: invest in a 401k Option 2: invest in a secondary house to
rent out
Resources
Base salary for an average 25 year old Engineer
Internet Class resources Current 401k plans
