Subject of the task:

"Assume that you are 25 years old and have just entered the job market. You have the medium-term personal goal of starting a family and have set a financial goal to create a retirement plan that ensures your livelihood after the age of 65. Create a comprehensive plan to achieve your specific financial goal."

Important note: It is crucial that your comprehensive plan takes into account the fact that both the current year and the following years are likely to be characterized by high inflation. Therefore, in your planning, you should clearly address how this will affect you (e.g., the purchasing power of your money) and what you could do to address this issue (e.g., investments, etc.).

You can make the following assumptions regarding taxation:

10% tax on the first 20,000 Euros of your income per year (including Social Security).

30% for income exceeding 20,000 Euros.

That is, if you earn 30,000 Euros per year, you will calculate tax as follows: 10% * 20,000 + 30% * 10,000 = 5,000 Euros.

General Points:

You are expected to use the knowledge acquired during the course and conduct your own research.

Your research should include elements such as your expected salary (e.g., if you were to enter the job market today in a profession related to your field of study or in a family business).

You can also use personal experiences for the above, for example, rental expenses.

Finally, it is understood that there should be a reference to your sources (bibliography).