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DROP DOWN OPTIONS FROM TOP TO BOTTOM: 1.) Understand the factor in the compound interest effect. / Define retirement goals. / Establish a systematic savings

image text in transcribedDROP DOWN OPTIONS FROM TOP TO BOTTOM:

1.) Understand the factor in the compound interest effect. / Define retirement goals. / Establish a systematic savings plan.

2.) Establish a systematic savings plan. / Set aside a lump sum amount of capitol to start saving. / Determine the size of the nest egg you'll need

3.) Determine the size of the nest egg that you'll need. / Formulate an investment program. / Understand the factor in the compund interest effect.

4.) Formulate an investment program. / Establish a systematic savings plan. / Understand tax planning as so legitimately sheld as much income as possable from taxes.

5.) Understand the factor in the compund interest effect / Identify the investment vehicles to meet your retirement goals. / Formulate an investment program.

6.) Establish a systematic savings plan / Adjust your retirement goals based on what you can achieve / Understand tax planning as so legitimately sheld as much income as possable from taxes.

2. Retirement planning steps Planning for Retirement To retire in style takes careful, early planning with an understanding of budgets, taxes, and investments. Identify the first three steps of retirement planning. 1. 2. 3. People often start by thinking, "I want to retire with a million dollars." The following tasks will help you make a commitment, understand the financial community, and understand the future. Identify the components of an investment program. 1. 2. 3

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