What are some very important things to monitor concerning your retirement plan, both before and after retirement?
What will be an ideal response?
Answer: Inflation and tax policy will have an enormous impact on whether or not you will reach your retirement goals and be able to enjoy the standard of living you planned for during retirement. Inflation changes which effects the real return on your savings. Tax policy changes which also impacts your after-tax return. Social Security reform and Medicare reform could have a dramatic impact on retirement goals. Economic conditions such as interest rates and recession can impact your investments but also the company you worked for who may be paying out your benefits or is a major holding in your ESOP plan. Maintaining a budget and not withdrawing too much money too soon could hurt your chances of not outliving your savings. Possibly delaying retirement, delaying Social Security benefits, or working part time during retirement may be necessary and identified through good planning and monitoring.
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Indicate whether the statement is true or false
In Reilly's law of retail gravitation, the point of indifference is _____
a. the customer's perceived similarity between two competing retailers b. the geographic breaking point at which shoppers are indifferent to shopping at either of two cities c. the limit of a city's trading area d. determined solely by the merchandising effectiveness of a city's retail operations
Which sentence is correct?
A) After filling her car with gas, Shelly got a 5 percent discount for paying in cash. B) Curt earned a free gift with this paid membership to Ducks Unlimited. C) Trinity received a 25 percent off discount for her next iTunes download.
If a firm earns a net profit of $100,000 on sales of $2,000,000, its net profit margin is:
A. 5%. B. 10%. C. 15%. D. 3.5%. E. 1.5%.