Chapter 1 - What do you recommend?

1. I would recommend that it is a good idea for Jing to begin putting some of her earnings
into her 401k. She does not have to put the full 8% in but she should still consider
starting to save.
2. Jing should look into her marginal tax rate in order to see how much money she has to
budget so she does not end up spending all her money.
3. The economy changes a lot so it is important to look into and keep track of what is going
on. I would recommend to Jing to keep a lookout on the state of the economy in her
personal financial planning.
4. It would be beneficial to Jing to project what her IRA might be worth at age 63 to get a
sense of how much money she wants to put away and how fast.
5. I recommend that it is a good idea to project the amount that would be present in Jings
401k if she were to go in fully because then she can compare the amounts she finds when
she calculates what her IRA will be worth at age 63 and what her 401K will be worth.