Buss/acct

Develop a retirement planning scenario for yourself (if you choose, the scenario can be for you and your spouse). Plan your retirement age (The full social security age in 2019 is 67. You can use this age or a later one of your choice if the age is extended.). Use net investment earnings of 8.5% (choose this or another discount rate). To determine the annual cash flow you want at retirement, use 6% of the investment total; however, most financial advisors conservatory use 4%. Most financial advisors suggest that a person save 10% of one’s income towards retirement in addition to the savings made through the social security program (depending on the student’s age, you might want to make a different assumption about social security benefits). Calculate the amount you will likely have at retirement. Evaluate the feasibility of the assumptions made for your plan. Write up a summary of your plan, including your calculations made and the evaluation of assumptions incorporated. Length for this part of the assignment is 2 pages.