One of the best uses of the time value of money concept is using it to make a retirement plan! Think about your life as 2 timelines… the “working years” timeline and the “retirement years” timeline. What you do, how you plan, and how you save during your working years will ultimately determine how you live during your retirement years. In this discussion post, share the following:
You do not need to share the details of your computations (but you may if you wish). However, you should discuss whether or not your goal is realistic and what other factors you believe should be considered when creating a retirement plan.
In your response posts, focus on the factors your colleagues believe should be considered when creating a retirement plan. Do you agree with them? Are there other factors they may have overlooked?
MLA 9, works cited
I’m 38 years old, a pastry chef. I’m a production baker at a local bakery.
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