Your short-term financial goal: Buy a house/car/ boat (pick at least one goal) Current age:...
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Finance
Your short-term financial goal: Buy a house/car/ boat (pick at least one goal)
Current age:
Age when you want to buy the house/car/boat:
Years to wait:
Price of house/car/boat you want to buy:
Monthly savings required to meet your goal: $___________________.
Your long term goal: Developing a Retirement Plan
Your Current Retirement Goals
Current Age:
Expected Retirement Age:
Years until Retirement:
Years in Retirement:
Annual Retirement Spending:
Required value of investment portfolio the day you retire: $___________________.
Monthly savings goal to meet retirement goal: $________________.
Assumptions
Inflation Rate: This is your estimate of what the inflation rate will be over the next 40 years so you can estimate what your budget needs to be when you retire.
Return on Investments:
Pre-Retirement :This is the return you think you can earn on your investments while you are working and saving.
Retirement : This is the return you can earn on your investments after you retire.
Answer & Explanation
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