A new employee joins your company at age 24 making $40,000 per year.  Currently, banks are paying 5% interest on saving accounts, and the rate of return on the company stock is 4% per year.  During benefits enrollment, the employee stated that she would like to retire at age 60 with 3 million dollars in her retirement account.

Compare the following retirement options for this particular employee in 1,050 words:

• 403B
• 401K
• Pension
• Annuities
• IRA
• Estate planning

Determine which retirement option(s) you would choose if you were this employee.

Assess the factors that this employee should consider when selecting a retirement plan.