8.07 finance assignment

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Funding 401(k)s and IRAs: Make Your Money Grow, Year After Year

For this assignment, you will complete an investment chart based on the salary and benefit information of several investors. To complete the activity:

  1. Assume each person is following Dave’s advice of investing 15% of his or her annual household income.
  2. Follow the sequence of contributions recommended in the lesson. Always take advantage of a match and fund 401(k).
    1. Above the match, fund Roth IRAs.
    2. If there is no match, start with Roth IRAs.
    3. Complete 15% of income by going back to your 401(k) or other company plans.
  3. Carefully review each investor’s information prior to completing the chart.
  4. You will need a calculator to complete this activity.
  5. Open and complete the Make Your Money Grow .docword documentor .rtf.

Rubric

Make Your Money Grow Rubric
Excellent Good Needs Improvement Poor
Content 20-25 points
The work contains all the required elements:

Funding 401(k)s and IRAs chart

 16–19 points
The work contains most of the required elements:

Funding 401(k)s and IRAs chart

 12–15 points
The work contains some of the required elements:

Funding 401(k)s and IRAs chart

 0–11 points
The work contains few or none of the required elements:

Funding 401(k)s and IRAs chart
Quality 20–25 points
Funding 401(k)s and IRAs chart has completelyaccurate information.		 16–19 points
Funding 401(k)s and IRAs chart has mostly accurate information.		 12–15 points
Funding 401(k)s and IRAs chart has somewhataccurate information.		 0–11 points
Funding 401(k)s and IRAs chart has inaccurateinformation.

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