Part II: Planning for Retirement
1. Lynn has learned that she will need to save $1 million dollars to support her current
lifestyle if she retires in 15 years. Lynn had not thought about planning for retirement until
now. If she begins saving now, she will need to save approximately $67,000 per year.
Based on her annual income of $75,000, this goal is not attainable. How would Lynn's
retirement be affected if she had understood the importance of planning for retirement
earlier?

2. In three to four sentences, explain how you would develop a long-term investing strategy
to ensure that you will have a financially secure retirement.

PLEASE HELP! I WILL MARK YOU THE BRAINLIEST:)

Question

18-11-2020
Business

contestada

Part II: Planning for Retirement
1. Lynn has learned that she will need to save $1 million dollars to support her current
lifestyle if she retires in 15 years. Lynn had not thought about planning for retirement until
now. If she begins saving now, she will need to save approximately $67,000 per year.
Based on her annual income of $75,000, this goal is not attainable. How would Lynn's
retirement be affected if she had understood the importance of planning for retirement
earlier?

2. In three to four sentences, explain how you would develop a long-term investing strategy
to ensure that you will have a financially secure retirement.

PLEASE HELP! I WILL MARK YOU THE BRAINLIEST:)

Respuesta :

Otras preguntas

What is the value of x to the nearest tenth??

Which statement uses the correct MLA in-text citation? O A. Dr. Juan D'Souza, author of the book The Path to Mozart, says that young children who learn an instr

Which phrase does not have the same meaning as -3/w

Snipe Company has been purchasing a component, Part Q, for $19.20 a unit. Snipe is currently operating at 70% of capacity and no significant increase in product

What type of system is Earth ?

What happens when a Boolean expression is evaluated? If the condition evaluates as True, then the next statement is executed. If the condition evaluates as True

Which region is north of the Columbia Basin?

Carly places one end of a steel bar in a Bunsen flame and the other end in an ice cube. By what factor is the rate of heat flow changed when the bar's cross-se

NEEDED ASAP An object oscillates 4 feet from its minimum height to its maximum height. The object is back at the maximum height every 3 seconds. Which cosine fu

A group of analysts are reviewing the financial results of Airline A and Airline B. Both are medium-sized companies that operate domestic flights. Airline A ha

Nicolesm1975 Nicolesm1975 · Answer 1 · 2021-05-19T14:42:47+02:00

Answer:

An effective strategy to retirement includes setting goals, being aware of timing knowing when and how long it will take to save. Also, taking advantage of retirement savings options such as 401(k), IRA, or SEP plans, as well as understanding the impact of taxation and tax benefits. Lastly, staying on top of it all when you actually get there, and monitoring your progress every step of the way making adjustments when needed.

Explanation: