Scenario: Your21-year old niece,who is graduating from college next month,asked for your advice – should she: Invest$5,000peryear into her retirement…

Scenario:

Your 21-year old niece, who is graduating from college next month, asked for your advice – should she:

Invest $5,000 per year into her retirement fund (9 payments) from age 22 – 30?  

Or wait until she turns 31 and invest $5,000 every year through age 65 (35 payments)?

  • Share your niece’s age 65 balance from part A. for both scenarios with the class. What did you find?
  • Share your findings from part B. What did you find?
  • Discuss the implications for her goal of becoming financially independent.
  • Share any additional advice you have?

Order the answer to view it

Place this order or similar order and get an amazing discount. USE Discount code “GET20” for 20% discount

Posted in Uncategorized