PPT-How Much to Save for Retirement?

A lecture for FIN 352 Professor James Dow CSUN draft The Lecture How much do I need to save for retirement We will cover How to make a simple calculation What makes the calculation more complicated in practice. Nudge. , Chapter 6. Behavioral Economics. Udayan. Roy. The US Personal Saving Rate. We need to save more. We live longer and retire earlier. We have fewer kids to take care of us when we are old. Families are geographically dispersed. 1 $59.95 Save $30 $59.95 Save $30 $59.95 Save $30 $59.95 Save $30 $59.95 Save $30 $59.95 Save $30 $59.95 Save $30 $59.95 Save $30 $59.95 Save $30 $59.95 Save $30 $59.95 Save $30 $59.95 Save $30 3 BONU Midterm Review Problems. Problem Statement. Bilbo Baggins wants to save money to meet three objectives. First, he would like to be able to retire 30 years from now with retirement income of $20,000 per month for 25 years, with the first payment received 30 years and 1 month from now. Second, he would like to purchase a cabin in Rivendell in 10 years at an estimated cost of $375,000. Third, after he passes on at the end of the 25 years of withdrawals, he would like to leave an inheritance of $2,000,000 to his nephew Frodo. He can afford to save $2,500 per month for the next 10 years. If he can earn an EAR of 10 percent before he retires and an EAR of 7 percent after he retires, how much will he have to save each month in Years 11 through 30?. Inc.. Presented By…. [Presenter’s name]. [Presenter’s title]. [Presenter’s name]. [Presenter’s title]. Saving Challenges. ©2013 Standard Retirement Services, Inc. . Saving and Investing for Financial Security: . Introduction . to the Concepts You Need to . Know. Brad L Yeckley . MBA,PhD. (C). Assistant Director of Financial Literacy. Penn State Financial Literacy Center. Preparing for Retirement Using your 457(b) Deferred Compensation Plan. 1. Agenda. What is the FMPTF?. How our program provides value. Oversight of Investments. Low Fees. Traditional vs Roth. Income Replacement. Metlen. , Oregon State Treasury. A new, easy way for Oregonians to save, . coming . soon. $3,000. $12,000. 31%. Average savings per household. Average household savings, . nearing retirement age. 2. Non-retirees who report that they have saved nothing, and have no pension. December 11, 2017. . The Power of a Budget. . Find Money to Save. . . Retirement. on the . Brain. Speakers. Retirement. on the . Brain. First Last Name. Title, The Standard. First Last Name. Title, The Standard. December 11, 2017. . The Power of a Budget. . Find Money to Save. . . Retirement. on the . Brain. Speakers. Retirement. on the . Brain. First Last Name. Title, The Standard. First Last Name. Title, The Standard. Preparing for Retirement: . What You Can Do Now to Prepare. August . 18, 2016. Bryan Sudweeks, . Ph.D., CFA.. From the Marriott School of Management’s. “Personal Finance: Another Perspective” web site at. What You Can Do Now to Prepare. August . 22, 2014. Bryan Sudweeks, . Ph.D., CFA.. From the Marriott School of Management’s. “Personal Finance: Another Perspective” web site at. http://personalfinance.byu.edu. , Chapter 6. Behavioral Economics. Udayan. Roy. The US Personal Saving Rate. We need to save more. We live longer and retire earlier. We have fewer kids to take care of us when we are old. Families are geographically dispersed. Top 10 Ways31to Prepare for RetirementFinancial security in retirement doesn146t just happen It takes planning and commitment and yes moneyFactsOnly 40 percent of Americans have calculated how much th BY. PROF. HENRY ETENDE EMBEYWA. RIAP EDUCATIONAL AND TRAINING CONSULTANTS. 0725-162-812. 0743-923-280. THE FINACIAL DISCIPLINE . PROCESS. ACTION 1 .