Question: With regard to Brad s revised retirement plans a How much

With regard to Brad’s revised retirement plans: a. How much will he have in 30 years if he invests $ 300 per month at 8%? Do not consider the employer’s matched contribution at this point.
b. How much will he have to save per month at 8% to reach his $ 500,000 goal in 20 years? In 30 years?
c. What impact could retiring 10 years earlier have on Brad’s current standard of living?
d. If Brad takes advantage of his employer’s match, what will be the impact on his retirement savings (assume an 8% return)?
e. What other options are available to Brad to save for his retirement? Give the pros and cons of each.

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  • CreatedOctober 13, 2015
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