Question: (20 points) Saving / Investing : You need to make a saving and investment plan. First, determine how much money you will set aside for

(20 points) Saving / Investing: You need to make a saving and investment plan. First, determine how much money you will set aside for emergency savings. Then, determine how much you will set aside in an IRA (or other retirement plan). Based upon your savings and average gains, complete an analysis of how much you should have at retirement because of compound interest.

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Emergency savings why and how much

Discussion of making an investment plan to suit your risk preference and financial needs

Discussion of how to save for retirement

Compound interest analysis how much will you have at retirement?

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