Students are expected to use the tools they learned in class (particularly present value and future value as well as the principles of personal finance) to design a personal financial plan for themselves assuming you will stop working at age 60 or 65 (your choice). The sections are as follows: 1. An evaluation of your financial needs when you hit 60 or 65 (note students are to assume they will live to 85). State your retirement goals and assess your risk tolerance. Determine how much you think you will need each year as a goal, taking into factors such as your spending rate, needs for kids, government support programs such as OAS and CPP 2. Determine how much you will need to save (you can blend in current savings if you have any) to meet your goals (present value and future value of annuities and lump sums will help here). Put forward a savings plan that will meet your target in 1) i.e. something along the lines of "I will save 15% of my annual income of $XX amount in a company pension plan/RRSP and at the end of 30 years this will equate to $xxx dollars 3. Design your optimal investment portfolio (all equity, 65% equity/35% bonds, etc) to meet your objectives, be sure to include an assessment of risk. If you would change your portfolio as you enter into different stages of life please state that