Date of Graduation

5-2018

Document Type

Thesis

Degree Name

Bachelor of Science in Business Administration

Degree Level

Undergraduate

Department

Finance

Advisor/Mentor

Rennie, Craig G.

Committee Member/Reader

Norwood, John

Abstract

In my research, I’ve compared the cost and benefits of defined benefit and defined contribution plans consisting of 401(k)s, IRAs, 403(b)s, and S&P 500 ETFs. A model was used to forecast future value of plans at retirement based on years till maturity, contribution amounts, and plan type. Based on the results, it’s beneficial for an individual to invest in a diversified mix of retirement plans to reduce the risk associated with one plan. The future value of each plan witnessed a direct increase in value for an increase in contribution amount and years till plan maturity.

Keywords

401(k); IRA; retirement; savings; roth; 403(b)

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