2020 Personal Financial Data for Married Couple, Zach and Carly | ||||
Zach | Carly | Joint | Total | |
Annual Income (gross) | 111,000 | 78,000 | 189000 | |
401(k) contribution (annual) | 18,000 | 3900 | 21900 | |
401(k) maximum employer match ($1 per $1 employee contribution) | 4% | 5% | ||
Employer match contribution from %above | 4440 | 3900 | 8340 | |
401(k) end yr balance (including above contributions) | 98,000 | 47,250 | 145250 | |
401(k) balance (beginning of year) | 78,000 | 35,000 | 113000 | |
Monthly housing costs | 2950 | |||
Other monthly debt payments | 1350 | 950 | 2300 | |
Total monthly non-discretionary cash flows | 3000 | 2200 | 2950 | 8150 |
Cash & cash equivalents | 20000 | 12000 | 32000 | |
Total debt | 55000 | 35000 | 200000 | 290000 |
Total assets | 152000 | 94000 | 275000 | 521000 |
Note: Data items are from end of year, except where specified otherwise. | ||||
8. In comparing Carly's and Zach's ROI, who made a better investment?
ROI of Zach = (Annual Income / Total Individual Assets ) * 100
= (111000 / 152000) *100
= 73% round off
ROI of Carly = (Annual Income / Total Individual Assets) * 100
= (78000 / 94000) *100
= 83 % round off
As per ROI Carly made better investment
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