tailieunhanh - Lecture Personal financial planning – Chapter 12: Retirement planning
Lecture Personal financial planning – Chapter 12: Retirement planning. The goals of this chapter are: Recognize the importance of planning for retirement, evaluate retirement savings structures, weigh the advantages and disadvantages of pensions as compared with personal savings vehicles, . | Lecture Personal financial planning Chapter 12 Retirement planning Chapter 12 Retirement Planning 1 Chapter Goals Recognize the importance of planning for retirement. Evaluate retirement savings structures. Weigh the advantages and disadvantages of pensions as compared with personal savings vehicles. Summarize the retirement planning process. Identify and describe the risks that can affect retirement planning. Contrast pre- and postretirement alternatives when shortfalls in capital needs become apparent. 2 Overview The retirement planning process Familiarize yourself with retirement issues. Develop goals. Become knowledgeable about retirement structures. Asses types of retirement assets and alternative structures. Analyze retirement risks. Decide on retirement investment policy. Calculate retirement needs. Finalize plan and implement. Review and update. 3 Familiarize Yourself with Retirement Issues The concerns of retired people are assigned a relatively high priority by the working population and the government. Per capita spending by the government on the elderly substantially exceeds that for the rest of the population. The average age of retirement has declined from 67 in 1950 to 62 in 2000. 4 Familiarize Yourself with Retirement Issues cont. Labor force participation rate percent Age Men Women 1960 2000 1960 2000 40-44 45-49 50-54 55-59 60-64 65 and older Labor participation rate of population 16 years and older Source Richard Johnson Why the Average Age of Retirement is a Misleading Measure 5 of Labor Supply Monthly Labor Review 124 December 2001 38-40. Familiarize Yourself with Retirement Issues cont. The quality of life of the elderly has risen absolutely and probably relative to the average worker. The elderly are expected to rise from 15 percent of the population in 2000 to 20 percent in 2030. This greater .
đang nạp các trang xem trước