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Team Members Team 6. James Ayoub Michael Pan Melissa Sy James Traylor. 401K vs. Roth IRA. Introduction Project Outline Results Conclusion. 401K Tax-Deductible Contribution limit is $15,500 Withdrawals are fully Taxable. Roth Ira Non Tax-Deductible Contribution limit is $5000

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Presentation Transcript
team members team 6
Team MembersTeam 6

James Ayoub

Michael Pan

Melissa Sy

James Traylor

401k vs roth ira
401K vs. Roth IRA
  • Introduction
  • Project Outline
  • Results
  • Conclusion
401k vs roth ira1
401K

Tax-Deductible

Contribution limit is $15,500

Withdrawals are fully Taxable

Roth Ira

Non Tax-Deductible

Contribution limit is $5000

Tax-free Withdrawals

401K vs. Roth IRA
assumptions made
Assumptions Made
  • Equal contributions to both plans
  • Roth IRA ineligibility ignored
  • Flat tax (not tiered)
  • Annual salary raises kept up with inflation at 3%
  • ROR is 10%
  • No 401K matching from employer
  • No Social Security Benefits
  • No investment fees
  • 35 working years
subject
Subject
  • 25 year old Engineer
  • Starting Salary: $50,000
  • Male
  • Secret identity: Clark Kent
  • Allergic to Kryptonite
  • Favorite Colors: Red & Blue
conclusion
Conclusion

From our default assumptions our analysis concludes that the 401K is a better plan than the ROTH IRA.

resources
Resources
  • www.moneychimp.com

(great for tax rates)

  • www.mutualfundsabout.com

(Contribution limits to retirement plans)

  • www.fool.com

(general information on plans)

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