Assignment 1: Saving for RetirementYou may often wonder how to retire comfortably. The most common way is to contribute every month to a retirement account during your working years.In a typical retirement plan or a savings plan, it is assumed that there will be equal payments each month and that any interest earned by the plan each month will be added back into the principal. In this way, the plan builds value based upon successive contributions and calculated interest.In most retirement plans, your money is distributed across different types of investmentsâ??this is known as your portfolio. In this assignment, you will manage an imaginary portfolio and determine the optimum contributions you must make to each category in your portfolio to achieve your retirement goals.In this assignment, you will use a simple version of a portfolio where your money is distributed across three categories: stocks, bonds, and cash. Refer to this moduleâ??s readings to review historical return values.CategoryAverage Annual ReturnStocks6.0%Bonds2.1%Cash1.0%Your portfolio will be diversified across these three different types of investments. The amount that you decide to put into each will greatly depend upon what stage of life you are in. If you are young and just starting out in your career, you may want to have a high-risk portfolio with the hope of high returns in the distant future. However, if you are near the end of your career, you may want to choose a less risky portfolio.Create your own portfolio that addresses the following:After retirement, how much will you like to have annually in order to maintain the standard of living that you expect to have?How much annually do you plan to set aside for your retirement plan?How much of this annual contribution will you want to invest in each of the investment categories?How many years will you work from now until you retire?Click here to download the retirement Excel spreadsheet you will need for this assignment.Put the values that you decided on above into the retirement spreadsheet.Respond to the following in a 3â??4-page Microsoft Word document:What is your retirement goal? Can you realistically reach the goal that you have set? How long will it take to achieve this retirement goal?How much money will you need to save in order to achieve your retirement goal?This assignment assumes that the interest rates will remain constant for the entire life of the retirement plan. Is this a realistic situation?Are you planning to have a high-risk or a low-risk portfolio? Explain.What other factors related to contributing to the typical retirement plan must you consider when managing your portfolio?What impact will inflation have on your calculations?Apply APA standards to citation of sources. Name your Word document as follows: LastnameFirstInitial_M5_A1.doc. Submit it to the Submissions Area by the due date assigned.Assignment 1 Grading CriteriaMaximum PointsExplained the retirement goal and a way to realistically achieve it within a stipulated time.52Calculated the money that is required to be saved to achieve the retirement goal.40Examined whether interest rates can remain constant through the life of the retirement plan.40Explained in detail the choice of a high-risk or low-risk portfolio.24Examined other factors that may contribute to the retirement plan.24Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation.20Total:200Attachments
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.