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You are to prepare a retirement plan for yourself taking the followin 1. You plan to retire at 60 years old (if you are above
You are to prepare a retirement plan for yourself taking the followin 1. You plan to retire at 60 years old (if you are above 40 you c 2. You are to have two (2) retirement accounts one IRA and can extend your retirement age to the other one should be either a k) or 457 plan can be substituted for 66 or 70) and wish to have a substantial nest egg at retirement Keogh, a section 401(k), or a section 457 plan - (a 401( the 457). 3. Your assumed rate of return on any investment(s) should not be greater than 8.5 percent annually a. Atach a spreadsheet showing the amounts invested each year for both plans. b. For the IRA you should go online and find actual investment fim(s) and select likely investments. For the Keogh, 401(k), or 457 you can use sample that you find online e via memorandum no later than Wednesday 4. Your findings should be communicated to m November 20, 2013. Your memorandum should thoroughly explain any assumptions that you use to arrive at your results. Please include at least the following a. Your age upon initial investment b. Your projected retirement age c. Your projected amounts) salary or income in you will be self-employed (you must use realistic (s) you selected and why you selected them over others e. Information on the investment f. T g. Briefly explain o over other ment accounts/vehicles you selected-why you selected them ax implications of your plan change nswhat otios are available to your Keogh, 401(k) or 457 plans if you
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