Reference no: EM133804149

Overview

For this assignment, you will assume the role of a financial planner who is advising their client on long-term investment planning, with the goal of having enough money to retire comfortably. You will use your finance/budgeting and forecasting skills to create an investment plan that is tailored to your client's needs. Your completed assignment will include recommendations based on your client's specific situation (age, employment status, retirement goals, etc.), which you will determine prior to developing the retirement plan.

Instructions
Create a 5-6 page retirement investment plan in which you:

Question 1: Identify the specific information related to your client: Age, employment status, current financial situation, and retirement goals. Your Experts Are Ready - Hire Now!

Question 2: Discuss factors that need to be considered when developing a retirement plan: age, marital status, dependents, health, life expectancy, and other sources of income like social security and pension. Provide support for your response.

Suggest a retirement investment plan for your client that includes:

The total amount that needs to be saved by retirement

A timeline of saving/withdrawals both before and after retirement

Question 3: How the percentage of their portfolio will be allocated to different asset classifications both before and after retirement

Question 4: Explain how the allocation of retirement assets will change as the client gets older and provide a recommendation for the amount of investment risk your client should take before and after retirement. Provide support for your response.

Question 5: Provide and justify what percentage of the portfolio should be allocated to different asset classifications (stocks, bonds, real estate) both before and after retirement. Provide support for your response.

Your retirement planning document should include at least three (3) quality academic resources. Note: Wikipedia and other websites do not qualify as academic resources.