In: Finance
Topic: Investing for Retirement
Having a difficult time narrowing this down. Have to write a 10 page paper discussing this topic. Any detailed recommendations of what I should focus on in the paper. I would like to create some sort of hypothetical situation with a client as well. Any ideas are appreciated!
Focus on the following points and try to cover following topics in one full page along with a suitable example.
1. Discuss the need and importance of retirement planning and investing for retirement.
In this topic, discuss the various aspects of old age like low work capacity, low regular income, financial dependency, old age liabilities, etc.
2. Explain the importance of Time Value of Money concept.
In this subheading, detail about how the value of money changes in relation to time.
Also explain the change is purchasing power of the money in relation to time.
3. Explain the magic of compounding and how it works for lonf term investments.
4. Describe various stages in retirement planning like- Insurance Planning, Wealth Creation Goals, Short Term Goals. Long Term Goals, Investment Planning and tax Planning.
5. Discuss various Investment avenues like Equity, Real Estate, Gold, etc and prepare a sample investment plan which will give you bonus marks.