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Cal Poly Pomona
EGR 403 -
401k vs. Investing in a House
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California State Polytechnic University, Pomona
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401k vs. Investing in a HouseTeam MembersType of projectScenarioPersonal InvestingResources401k vs. Investing in a HouseEGR 403Team 3Team MembersJames Coats – Summarizer Melanie Marin - TechieChris Mui - OrganizerType of projectPersonal InvestmentFind future worth Fixed InputScenarioA 25-year old engineer plans to invest 5% of his salary over the next 40 yearsAssume a 2% promotion every 10 ten yearsPersonal InvestingOption 1: invest in a 401k Option 2: invest in a secondary house to rent outResourcesBase salary for an average 25 year old Engineer InternetClass resourcesCurrent 401k
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