NETW 230 You recently grauduated from college, and your job

NETW 230 You recently grauduated from college, and your job...

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You recently graduated from college You recently grauduated from college, and your job search led you to S&S Air. Because you felt the company's business was taking off you accepted a job offer. The first day on the job, while you are finishing your employment paperwork, Chris Guthrie who works in finance stops by to inform you about the company's 401k plan. A 401k plan is a retirement plan offered by many companies. Such plans are tax defferred savings vehicles, meaning that any deposits you make into the plan are deducted from your current pretax income, so no taxes are paid on the money. For example, assume your salary will be $50,000 per year, if you contribute $3000 to the 401k plan you will only pay tax on $47,000 in income. There are also no taxes paid on any capital gains or income while you are invested in the plan, but you do pay taxes when you withdraw money at retirement. As is fairly common, the company will match 5%.
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  • Summer '16
  • arnitaetsitty
  • S&S Air, Bldsoe Money Market Fund

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