Homework
For this homework, you take on the role of a personal retirement planner who is preparing a memo for your client. In the memo, explain to the client the financial and risk considerations that go into planning for retirement.
Instructions
Write??4 pages?paper using the following instructions:
i. Describe?the?importance of?factors to consider when developing a retirement plan.?These will include age, marital status, number of dependents, health, life expectancy, and other sources of income such as social security and pensions.
ii. Examine the relationship between risk and return and its impact on decisions about saving for retirement. Provide examples of the relationship.
iii. Explain how risk factors (such as age and personal risk tolerance) impact the allocation of assets included in a retirement plan. Support your explanation with examples of how asset allocation changes as the risk factors change.
iv. Analyze how fiscal and monetary policies may impact retirement plans.
a. Research how changes in fiscal policy and monetary policy can impact retirement savings.
b. This research should include how changes in policies, including interest rates, tax rates, and policies that impact savings (IRAs, 401k), can impact retirement plans.
v. Evaluate the implications of the time value of money with respect to saving for retirement. Support the answer with specific examples and explanations.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.