Discussion Post: Personal Finance
You will continue your financial plan based on the following prompts:
• Retirement Planning:
o How much savings do you need to support yourself during retirement?
o How much will you contribute to your retirement? Into what type of plan(s) will you contribute?
o What are the present-day tax savings from your retirement planning?
• Estate Planning:
o Will you create a will on your own or with an attorney's assistance? What special stipulations (for an heir, executor, or donations to charity) will you include?
o Do you need to establish trusts or gifts to reduce your estate's tax liability?
o Will you assign power of attorney and/or durable power of attorney?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.