Week 9 Discussion 2 FP101

Week 9 Discussion 2 FP101 - financial plan. Now that you...

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I hope to retire at an early age, because I do not want to have to work for the rest of my life. I think that I will retire somewhere around the age of 55. It would be good to know how long my retirement money will last, because I do not want to run out of money when I get older. Now is a good time to start saving for retirement. There are websites that asks you numerous questions, and it gives you a guesstimate on how long that they think you might live. With this information, you can incorporate your retirement in your personal
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Unformatted text preview: financial plan. Now that you know how much money you think you will need when you retire; you should start putting money into a retirement account right away. There are basic retirement planners that are available on the internet. Your employer might offer a 401k, or something of that nature. With these retirement plans, it makes it easy to incorporate it in your personal financial plan. If you give your employer so much money every pay check; they will match it and put it away in an account for you when you retire....
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