1. 401k vs. Investing in a House EGR 403 Team 3

2. Team Members  James Coats – Summarizer  Melanie Marin - Techie  Chris Mui - Organizer

3. Type of project  Personal Investment  Find future worth  Fixed Input

4. Scenario  A 25-year old engineer plans to invest 5% of his salary over the next 40 years  Assume a 2% promotion every 10 ten years

5. Personal Investing  Option 1: invest in a 401k  Option 2: invest in a secondary house to rent out

6. Resources  Base salary for an average 25 year old Engineer  Internet  Class resources  Current 401k plans