Scenario I (complete if your last name begins with A-E)

You are a single recent college graduate (age 22) starting a new job with a salary of $60,000 ($5,000/month).

No significant health or dental issues

You do wear eye contacts and visit the optometrist annually

You are looking to also begin participating in your firm’s 401(k) retirement plan which also provides for a small employer match

Since you are just starting out you do not have much in savings and thus plan to live with your parents (rent-free) for a few years

** You currently do not have any medical, dental, life, disability, etc. insurance and are thus eager to enroll in your firm’s group plan. On average, people pay 5% of their gross salary for health benefits. However that is just an estimate and not a requirement.

Scenario Il (complete if your last name begins with F-O)

You are married 54y/o male with a wife and two minor children (ages 14 and 12) You have a stable, long standing career making $300,000/year ($25,000/month).

You are the sole financial provider for your family

Child care is not a concern as your spouse is home

There are no significant health or dental issues with you or your family.

You currently contribute to your firm’s 401(K) in the amount of $15,000 (5% of your gross salary). The firm provides a small percentage match.

Your main asset is the family home valued at $500,000 (mortgage of $225,000). You have liquid assets totaling $400,000 (includes qualified and non-qualified accounts)

** You currently do not have any medical, dental, life, disability, etc. insurance and are thus eager to enroll in your firm’s group plan. On average, people pay 5% of their gross salary for health benefits. However that is just an estimate and not a requirement.

Scenario I l l (complete if your last name begins with P-Z)

You are a single 45 y/o single parent of one minor child (age 10)

You have a stable, long standing career making $200,000/year ($16,667/month).

There are no significant health or dental issues with you or your family.

After school child care is required each week until you finish work (15 hours weekly). The cost weekly is $450.

Your main asset is the family home valued at $300,000 (mortgage of $150,000). You have liquid assets totaling $275,000 (includes qualified and non-qualified).

** You currently do not have any medical, dental, life, disability, etc. insurance and are thus eager to enroll in your firm’s group plan. On average, people pay 5% of their gross salary for health benefits. However that is just an estimate and not a requirement.