By Student at Rowan  How will You Support Yourself After Retirement? ◦ Not stocks and bonds. ◦ Not your kids. ◦ Not your Saving.

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Presentation transcript:

By Student at Rowan

 How will You Support Yourself After Retirement? ◦ Not stocks and bonds. ◦ Not your kids. ◦ Not your Saving Account.

 Stocks and bonds are to risky!  It is not a good time in the stock market.  Big corporations are losing a lot of money.

 Kids will have college loans to pay.  Low income from starting jobs.  They will need their money to start their new lives.

 Your savings account will not be enough to support you unless you start putting money a side early.  Here is an example.

 Assume you just graduated college.  You are starting a job as an accountant at $41,000/year.  If you start early you can have sufficient retirement funds.

 At what age do you start your new career? 25  How many years will you work until retirement? 43  What average inflation rate do you expect over your working career? 3.09% 3.09%  What savings rate do you expect to get on your money saved? 9.71%9.71%  How many years beyond retirement do you expect to live? 88  What is your starting salary equivalent value at the time of your retirement?  Final Salary before retiring $151,  My Retirement needs in dollars $91,  How much do you have to save annually? $  How Much Did I Save - Annuity $490,  How Much to Withdraw Each Year $91,028.33

 The quicker you start saving the more money you will have towards retirement.  Migrate to Florida and leave an empty seat in the work force for a young college graduate!  So why wait start now!

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