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How much money you would need on the day you retire

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Assignment: Planning For Retirement Discussion

• Annuity related discussion:

Based on the readings in this chapter, what steps would you need to go through to figure out how much money you would need on the day you retire to last you for the number of years that you plan on living after you retire? I'm not looking for how you would calculate it using the time value of money formulas, but the steps involved like how long you expect to live after retirement and the type of lifestyle and expenses you expect to have after you retire and so forth.

Does your company have a 401k plan or an equivalent (503b, TSP, etc.)? If so, have you started contributing to the plan? Does your company match your contributions and if so, how much do they match?

Reference no: EM131352653

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