Individual budgeting for retirement assignment

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Reference no: EM132803258

RETIREMENT PLANNING

Individual Budgeting for Retirement Assignment

Please create an investment retirement plan for yourself. A minimum of 3 typed written pages, doubl-spaced will be required.

You will need to identify the following:

  • When you would like to retire?
  • How much money you will need in retirement?
  • How long do you plan for the money to last?
  • What retirement income sources you will receive at retirement and what will be the amount of those retirement income sources. (Please justify your reasoning for the dollar amounts you feel that you will receive).
  • How much money per month or per year will you need to invest to meet your retirement goals?
  • What type of investment vehicle will you choose to invest (Non-Registered, RRSP or TFSA) to meet your goal and why did you choose it?
  • What will be the rate of return that you expect to generate from the investments?
  • Which individual investments will provide you with the rate of return above?
  • Will you have a surplus to meet your other goals (such as child education, travel expenses, and so on)?

Reference no: EM132803258

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