personal finance

personal finance

By the time you retire, will you have enough money to pay your bills and meet your needs? What is your number? Go to the AARP Retirement Calculator and follow the step-by-step instructions. You’ll find the calculator at:

http://www.aarp.org/work/retirement-planning/retirement_calculator.html#/your-options

Just follow the instructions, step-by-step. In Step 1 of the calculator you will enter information that is specific to your situation. In Step 2 your number will be calculated as the “Minimum needed to retire” based on the information that is entered in Step 1. Step 3 will show you the effect of changing your retirement age (say, from 67 to 72) and changing your retirement spending.

Once you’ve made the calculations, answer the following questions: 1.What is your number (minimum needed to retire)? 2.Complete a second calculation by delaying your retirement age and/or changing the percentage that you are saving. 3.Write a 250 word summary of 1) what the numbers are and what variables that were used (income, retirement age, saving percentage) 2) how did changing the retirement age and/or savings amount cause the number to change 3) your overall thoughts regarding your retirement plan.

The requirements below must be met for your paper to be accepted and graded: •Write a minimum of 400 words (approximately 2 pages) using Microsoft Word. •Attempt APA style, see example below. •Use font size 12 and 1” margins. •Include cover page and reference page. •At least 60% of your paper must be original content/writing. •No more than 40% of your content/information may come from references. •Use at least two references from outside the course material, preferably from Text book, lectures, and other materials in the course may be used, but are not counted toward the two reference requirement.

Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must be identified in the paper and listed on a reference page.Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must come from sources such as, scholarly journals found online newspapers such as The Wall Street Journal, government websites, etc. Sources such as Wikis, Yahoo Answers, eHow, etc. are not acceptable

 

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