Personal retirement plan development
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Can someone please help me with this? I'm not understanding how to come up with this, or if I am to create my own figures for calculation? Please help.
Case study: Develop a personal retirement plan assuming that you'll retire at the age of 65. The plan should specify the amount of money you need to retire, your longevity, and the monthly amount after retirement so that you and your spouse can lead a comfortable life. It should state the amount of money you need to save every month until the time of retirement to accumulate the required amount.
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Solution Summary
The expert develops a personal retirement plan.
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Develop a personal retirement plan assuming that you will retire at the age of 65.
Here is a basic plan that is generally successful to plan for retirement at the age of 65.
Date of Birth - 1/25/1965
Annual Salary Approximate - $43,000
Planned retirement age - 65
Expected ROI - 6%
Match from employ of $.50 cents for every ...
Education
- Master of Business Administration, University of Phoenix
- Bachelor of Science in Paralegal Studies, Kaplan College
- Business Diploma, Katharine Gibbs Business College for Women
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