Mathematics

Finnegan Osborn

30 December, 17:14

Lewis is choosing between two job offers, both with $100,000 salaries. Job A is a less interesting job but contributes an additional 10% of the salary into the company 401 (k) plan. Job B is Lewis's dream job but has no retirement plan. How can Lewis take job B and still save for retirement? Select the best answer from the choices provided. A. by relying on his large Social Security contributions B. by starting his own 401 (k) plan with $10,000 a year C. by putting the maximum $5,000 into an IRA and use another $5,000 to pay down his mortgage or invest in stocks each year D. by taking a reverse mortgage now and using the savings for his retirement