Assume you plan on retiring in 30 years (i.e., in the year 2049). Share your estimate...

50.1K

Verified Solution

Question

Finance

Assume you plan on retiring in 30 years (i.e., in the year2049). Share your estimate of your future financial need, in termsof annual earnings. Share your desired quality of life and livingstandards. Finally, define both your role and the governmentâ€™srole, in meeting your future financial requirements.

Answer & Explanation Solved by verified expert

3.8 Ratings (674 Votes)

Solution A reasonable way to financially plan for retirement is to decide the desirable living standards after retirement and compute the annual earnings required in todays value to maintain those standards and then finally adjust it for future inflation to arrive at the actual annual earnings desired after retirement Once a person computes the amount of annual earnings required after retirement he can plan the investments and savings he needs to make in order to achieve that postretirement income Every person wants to build a house for himself during their working career itself so there will be no rental or See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member