EXERCISE: RETIREMENT ASSIGNMENT INSTRUCTIONS 1. Go to the Retirement Planner in

EXERCISE: RETIREMENT ASSIGNMENT INSTRUCTIONS
1. Go to the Retirement Planner in the Exercise: Retirement Assignment Resources in the
Exercise: Retirement Assignment and complete the planner with your personal information.
Include the information that you put on the left and the results from the right in the Exercise:
Retirement Template.
2. Answer the following 2 questions using time value of money (your financial calculator or Excel
including inputs). Include your answer to the below questions on the Exercise: Retirement
Template
 I can only put away $2,000 a year toward retirement. I am 25 and plan on retiring at 65
and earning 5%. How much will I have at retirement?
 I want to be able to have $50,000 a year during retirement. I want to make sure that I can
have it until I am 100 years old. I plan to retire at 65. I can earn 5%. How much do I need
to have at retirement to be able to make it?
3. Go to the Financial Wisdom – Quotes Exercise: Retirement Assignment Resources in the
Exercise: Retirement Assignment and find your top 3 quotes. Include your answers on the
Exercise: Retirement Template.
4. Please write a 100 word summary of how this information will affect how you save for
retirement.