You have just graduated USC and are starting you new job as financial analyst. Here...
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Finance
You have just graduated USC and are starting you new job as financial analyst. Here are a few details:
- You are 25 years old and plan to retire at age 65
- Your starting salary is $60,000 per year
- You expect to receive annual increases of 3%
- Assume all 401k contributions are done once per year on January 1
- You have the following funds available to you in your 401k plan:
- Vanguard Total Stock Market Index VTSAX
- Vanguard Total International Stock VTIAX
- Vanguard Total Bond VBTLX
- Vanguard Total Global Bond VGCIX
Please answer the following question
- Assume that you allocate a consistent 25% to each available fund. Based on historical performance for eacxh fund (use Inception to Date), what will be your balance at age 65? Assume no company match.
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