Prepare a retirement budget and submit it as a spreadsheet. Prepare a retirement budget and submit it as a spreadsheet.
Use the household budget you prepared in Module 2 as a starting point and adjust for anticipated changes in spending patterns in retirement. For example, you may need to budget more for health care or plan to travel more once you are no longer working. On the other hand, you will likely have fewer child care expenses and may have paid off all your debt.
You can find examples of retirement budgets and downloadable templates to use for this assignment on the webpage “10+ Retirement Budget Examples & Templates.”Links to an external site.
Then, review your budget and submit responses to the following questions as a separate Word document:
How can employment-sponsored plans help you achieve your retirement income goal?
What place does social security have in your plan?
How could you adjust your retirement budget if things do not go as planned and you have a shortfall?
Note: For the purposes of this assignment, you do not need to consider the effects of inflation.
Use the household budget you prepared in Module 2 as a starting point and adjust for anticipated changes in spending patterns in retirement. For example, you may need to budget more for health care or plan to travel more once you are no longer working. On the other hand, you will likely have fewer child care expenses and may have paid off all your debt.
You can find examples of retirement budgets and downloadable templates to use for this assignment on the webpage “10+ Retirement Budget Examples & Templates.”Links to an external site.
Then, review your budget and submit responses to the following questions as a separate Word document:
How can employment-sponsored plans help you achieve your retirement income goal?
What place does social security have in your plan?
How could you adjust your retirement budget if things do not go as planned and you have a shortfall?
Note: For the purposes of this assignment, you do not need to consider the effects of inflation.
use the attachment for starting point
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