04 Aug How would you invest and save over the years from age 30 through retirement so that you are comfortable
Knowing how to invest, when to invest, and how much to invest is valuable knowledge for a career. But it also can be valuable information for your personal future. Read the scenario and then address the discussion topic.
Scenario: Based on what you learned in this course, how would you invest for your future if you were 30 years old, planning to retire at age 70 and planning to live 20 years beyond retirement?
Consider the following factors: include basic rent (1st ten yrs.) and mortgage thereafter; and basic expenses but not including healthcare (assumes employer ins. until retirement) and miscellaneous.
You will have total income avg. of $50,000 for the first 10 yrs., with $10,000 for savings/investment after expenses; an average of $60,000 yearly income for the second 10 years with an average of $5,000 per year for savings and investment after paying your mortgage payments of $1440 per month starting at age 47 (mortgage is for 30 years). Your average yearly income will be $73,500 for the 20 years following that, leaving $8,000 per year for savings and investment. You forecast that your social security will bring in $28,000 per year and you want to own your home outright by the time you retire. The car payments will be completed by age 70. You figure you need around $40,000 minimum per year to live on.
- How would you invest and save over the years from age 30 through retirement so that you are comfortable? Explain.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.