Retirement Plan Selection

Situation 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. Compare the following retirement options for this particular employee in 1,050 to 1,400 words. Note that you need to write about all of the retirement plans listed below. 403B 401K Pension Annuities IRA Estate planning Always write in the third person avoiding the first and second person. Below is a non-referenced personal pronoun chart which will assist you in writing in the third person. 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.