It Is Never Too Early To Get Financial Retirement Advice
Planning ahead for any endeavour a person undertakes helps establish a foundation to success . Early planning holds particularly true for financial advice and especially for financial retirement advice, to help build a secure and stable retired life free from money concerns.
Financial planning that begins early in life provides a greater opportunity to build a sizable and decent portfolio of investments. Over time investments will grow and increase in value. This will certainly help secure a stable retirement free from financial worry and provide financial independence.
People find it very difficult to plan for later years and old age. Having an expert in the field can be inspiring and beneficial. A financial planner that can help provide useful information on the best investment vehicles is a good way to begin planning money matters. A Financial planner has access to a lot of financial resources and being in the investments field can provide valuable expertise as well as insight of various options.
The advice and information received from a financial expert can be used to determine if it is suitable and meets with individual investment goals and the guidance can either be accepted or turned down.
Every investment has a certain amount of risk and generally the bigger the returns the greater the risk. There are umpteen investment choices that money can be placed into such as bonds, stocks, mutual funds and of course regular savings accounts. You can get the needed help to decide which of these investments will bring financial growth with limited risk. Balancing risk and growth is always a challenge and once again a financial advisor can prove helpful in making critical investment decisions.
There is financial retirement calculator software in the marketplace and this can be very beneficial in calculating how well or not so well any investment will perform over time. This investment tool will answer many questions such as how fast an investment will grow and help in the decision making process for any investment and provide clues as to how each type will perform.
A Financial retirement calculator can crunch the numbers quickly and easily. This is especially true because the values that the calculator can project after taking into account interest and inflation rates. Planning early for retirement is the best assurance for comfortable living in retirement years.
Vina Pereira enjoys writing articles of public interest. Her website www.financialretirementadvice.com provides financial retirement resources.
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Patrick bought a 15-year treasury bond for a face amount of $500. The 3.5% interest will be compounded quarter?
Patrick bought a 15-year treasury bond for a face amount of $500. The 3.5% interest will be compounded quarterly. What will the future value of Patrick?s investment be when he goes to cash it in on the maturity date 15 years from now?
$649.35
$837.67
$843.30
$3,939.05
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Question 2 (Multiple Choice Worth 2 points)
Ricky is 24 years old and starting an IRA (individual retirement account). He is going to invest $200 at the beginning of each month. The account is expected to earn 2.95% interest, compounded monthly. How much money will Ricky have in his IRA when he retires, at age 65?
$108,024.51
$125,609.25
$191,398.49
$265,037.90
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Question 3 (Multiple Choice Worth 1 points)
Fiona deposits $4,000 at the end of each year in an account earning 2.15% interest, compounded annually. What is the future value of this annuity after 5 years of investing?
$20,878.69
$22,975.90
$23,682.00
$26,409.50
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Question 4 (Multiple Choice Worth 2 points)
Eliot opens a savings account with $5,000. He deposits $50 every month into the account that compounds annually and has a 0.95% interest rate. What will his account total be in 5 years?
$3,057.54
$5,242.06
$5,496.85
$8,299.60
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Question 5 (Multiple Choice Worth 2 points)
Grace starts to save at age 20 for an extended vacation around the world that she will take on her 45th birthday. She will contribute $250 four times each year to the account, which earns 1.85% annual interest, compounded annually. What is the future value of this investment when she takes her trip?
$69,277.66
$7,923.61
$126,777.68
$31,423.90
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Question 6 (Essay Worth 3 points)
List at least two technology tools that can help with calculating future value of an investment. Using complete sentences, explain which tool you prefer to use and why.
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Question 7 (Essay Worth 4 points)
Carmen is planning to invest $200 in a retirement account at the beginning of each month for the next 20 years. The account is earning 3.15% interest, compounded annually. He used the following formula and variables to solve for the future value of the account after 20 years.
FVOA = Future Value of an Ordinary Annuity
C = 2400
n = 1
t = 20
i = 0.0315
He found that the future value of this account will be $65481.95. Is Carmen?s solution correct? If not, explain what he did wrong and provide the correct solution.
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first time investing a stock.?
I want to invest in stock. I am 20 years old and I hear I should open a retire account so the tax I have to will be low. so the questions are:
1. How to I open retirement account?
2. which broker is good out there and still manage to get profit from stock? (I know some broker charge $9 per stock fee for buying and selling).
3. how do i sell it?
4. any tips that I need to watch out? or problems that I do not know about ?
thanks I will give full stars.
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Poll: What would you do with $250,000?
I just saw a report on the local news of a local resident of the state of New Jersey (where I'm from) match 5 regular numbers from the mega millions jackpot on Fri night. And instead of 6, this lady got 5 numbers and won $250,000.
What would you do with that money? I currently own my own home outright so I'm very lucky there. I would pay my remaining student loan debts of $15k. I would put a huge percent of that to my emergency fund and retirement account. Take my relatives and myself and do some travelling in Asia and Europe.
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