You Started Your First Job After Graduating from College

question 156

Multiple Choice

You started your first job after graduating from college. Your company offers a retirement plan for which the company contributes 25 percent of what you contribute each year. You expect to contribute $5,000 per year from your salary. You decide to invest the contributions in assets that you expect to earn 8 percent per year. If you plan to retire in 35 years, how big will you expect that retirement account to be?

• A) $861,584.02
• B) $921,597.31
• C) $972,110.74
• D) $1,076,980.02

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Definitions:

Job Security

The likelihood or assurance an individual has that they will continue to be employed without risk of becoming unemployed.

Inplacement

A process within organizations aimed at helping existing employees transition into new roles or positions.

Counselling

The provision of professional guidance to resolve personal or psychological problems.

Job Search Assistance

Services or support provided to individuals seeking employment, including resume writing, interview coaching, and job placement counseling.