With the basic idea about stocks, bonds, & mutual funds by utilizing the information (articles and videos) provided below, now it is the time for us to build our own retirement portfolio. How much do we need to retire comfortably ? The amount that a person need will be different according to the person’s situation (age, income, etc).
Let’s start thinking about it. Then next question is how are you going to start now? How long do we need to save? Find out about it using the retirement calculator (link is at below) . And how are you going to do that? What is the best way for you to save the money from now on? Please provide realistic methods to save for you at this moment.
Finally, create your own retirement portfolio ( 1-2 pages) and place it in the Dropbox by the deadline .
There are many other site providing the retirement funds saving calculator : You can use other sources to calculate your retirement funds (For example : Vanguard- retirement income calculator, Bankrate- retirement calculator).When you use different source to quote, please make sure to cite the link and info)
Answer preview
The employees are usually restricted to what amount of percentage they can contribute. This means that an employee can contribute a small amount which may hinder her from achieving her target of three million dollars. Lastly, in case an individual employee withdraws her savings before the retirement date, she will be penalized. Another option that an employee can choose is a pension plan. Pension plans require an employee to contribute a given amount for her benefits in the future (Whitson, 2020). The funds are invested on behalf of an employee, and it will generate income after an employee retires.
