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Or, on a similar note, think about yourself in five years or so once you're (hopefully!) working in a stable job. How will/should you
Or, on a similar note, think about yourself in five years or so once you're (hopefully!) working in a stable job. How will/should you make decisions for retirement planning? Answer the following questions: 1. How will you decide how much to save for retirement each month/year? A. What kinds of TVM calculations will you want to do? B. What tradeoffs will you need to consider? C. How might the amount you save (perhaps as a percentage) change over the following 10-20 years? (Will you save a higher or lower percentage your income as you get older? Why?) 2. What are some sources of uncertainty that will affect your decision? A. Specifically, what factors are currently unknown but should be known to you in 5 years when you're first making and implementing your retirement plan? B. But also, what factors that will affect your retirement might still be unknown to you 5, 10, or even 15 years from now? 3. Given your answers and the tradeoffs above, what values, ideas, beliefs, desires, fears, rules, notions, or other considerations will be important for making this decision? (note: you don't need to address every single thing on that list - I'm just trying to give you room to incorporate anything you think would come into play here)
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