Erica works for a company with a 401(k) plan- The company matches at $0.50 on the dollar the first 6% of the employee's salary contributed to the 401(k)- If Erica earns $90,000 and contributes % of her salary, how much will the employer match be in dollars for the year?

Retirement planning refers to financial strategies of saving, investments, and ultimately distributing money meant to sustain oneself during retirement. Many popular investment vehicles, such as individual retirement accounts (IRAs) and 401(k)s, allow retirement savers to grow their money with certain tax advantages.