Question
terry is 23 years old and working in a company. Create a retirement plan that answers the following questions based on your current situation with
terry is 23 years old and working in a company. Create a retirement plan that answers the following questions based on your current situation with assumptions in canada , ontario.
When she should like to retire?
What should her retirement obiectives? How much money will she need in retirement? How long do you think she will live? Is the money sufficient?
What sources of income will she receive in retirement (for example, OAS, CPP, Company Pension, etc)? Support your answer and estimate how much do you think you will receive from these sources and why (justify and support your answer for the government benefits, for example years in Canada or years of service, estimated contributions, etc)?
What do you think her monthly expenses will be in retirement?
Have she started saving for retirement? How much can she afford to save for retirement? Do you think you will be able to achieve her retirement objectives?
What rate of return do you think she can generate? How does inflation factor into her estimates?
What can impact her retirement obiectives?
Do you think she will achieve your retirement goals?
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