Question: Create a retirement plan for yourself. for the current age of 23 years old Instructions: 1. Create a retirement plan that answers the following questions

Create a retirement plan for yourself. for the current age of 23 years old

Instructions:

1. Create a retirement plan that answers the following questions based on your current situation:

When you would you like to retire?

What are vour retirement obiectives? How much money will you need in retirement? How long do you think you will live? Is the money sufficient?

What sources of income will you receive in retirement (for example, OAS, CPP, Company Pension, etc)? Support your answer and estimate how much do you think you will receive from these sources and why (justify and support your answer for the government benefits, for example years in Canada or years of service, estimated contributions, etc)?

What do you think your monthly expenses will be in retirement?

Have you started saving for retirement? How much can you afford to save for retirement? Do you think you will be able to achieve your retirement objectives?

What rate of return do you think you can generate? How does inflation factor into your estimates?

What can impact vour retirement obiectives?

Do you think you will achieve your retirement goals?

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