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Funding 401(k)s and IRAs: Make Your Money Grow, Year After YearFor this assignment, you will complete an investment chart based on the salary and benefit information of several investors. To complete the activity:Assume each person is following Dave’s advice of investing 15% of his or her annual household income.Follow the sequence of contributions recommended in the lesson. Always take advantage of a match and fund 401(k).Above the match, fund Roth IRAs.If there is no match, start with Roth IRAs.Complete 15% of income by going back to your 401(k) or other company plans.Carefully review each investor’s information prior to completing the chart.You will need a calculator to complete this activity.Open and complete the Make Your Money Grow .docor .rtf.RubricMake Your Money Grow Rubric ExcellentGoodNeeds ImprovementPoorContent20-25 pointsThe work contains all the required elements:Funding 401(k)s and IRAs chart16–19 points The work contains most of the required elements:Funding 401(k)s and IRAs chart12–15 points The work contains some of the required elements:Funding 401(k)s and IRAs chart0–11 points The work contains few or none of the required elements:Funding 401(k)s and IRAs chartQuality20–25 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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