Time value of money and retirement planning

Learning Goal: I’m working on a finance discussion question and need an explanation and answer to help me learn.

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

One of the best uses of the time value of money concept is using it to make a retirement plan! Think about your life as 2 timelines… the “working years” timeline and the “retirement years” timeline. What you do, how you plan, and how you save during your working years will ultimately determine how you live during your retirement years. In this discussion post, share the following:

  • How many years do you plan to live in retirement and what do you anticipate your annual income needs to be during those years?
  • What is the present value of the retirement income needs? (this is how much you will need in retirement savings on the day you retire in order to meet your goals).
  • How much must you save each year (or each month) during your working years to meet this goal? (Compute the required payment to achieve a future value equal to the amount you need to have on the day you retire, which was computed above).
  • Is your goal realistic?

You do not need to share the details of your computations (but you may if you wish). However, you should discuss whether or not your goal is realistic and what other factors you believe should be considered when creating a retirement plan.

In your response posts, focus on the factors your colleagues believe should be considered when creating a retirement plan. Do you agree with them? Are there other factors they may have overlooked?

MLA 9, works cited

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

I’m 38 years old, a pastry chef. I’m a production baker at a local bakery.

Requirements: 1/2 pages

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.
Open chat
1
Order through WhatsApp!
nursingesssayswritings.com
Hello!
You Can Now Place your Order through WhatsApp

Order your essay today and save 30% with the discount code ESSAYHELP2