Retirement Planning Assignment | Homework Help Websites
Retirement Planning Project
The purpose of this assignment is twofold: 1) to reinforce many of the time-value-of-money theories that we’ve learned in class, and 2) to provide a very practical and realistic application of those theories that will have very tangible results in your life. As you can or will soon see, this is a topic I’m particularly passionate about.
Part 1 – What do you want to be when you ‘grow up’?
We’ve all been asked this question and you may still think about it. Hell, even at my age (42) I still think about what I want to do for the second half of my career. What do you want to do? Is money going to be a driver? Happiness? Job satisfaction (social responsibility)? For me, it’s a combination of money and job satisfaction – I spend a lot of time working, so I want to maximize my earnings but I also want to enjoy what I do since I put so much time and effort into it.
What I want you to do for Part 1 of this assignment is determine what kind of career path you’re thinking about: are you going to work for yourself or an existing company? Will you be a manager? When? How much money do you expect to earn right out of the gates? How much after 5 years, 10 years, etc.? You’re going to have to do a little reseach – Monster, GlassDoor, PayScale, etc. are a few websites to help you get some basic info on your career aspiration.
Complete the Excel file that is included here in the assignment and be sure to provide some web references so I can verify your data. This info will be the basis for Part 2 of the project so do a good job on this foundational piece.