Financial Planning class. Must be 250 words must cite work.
Retirement Planning
• From the first and second e-Activities, discuss what you believe your retirement needs will be and key ways in which an IRA can help you reach your retirement goals. Determine which type of IRA would be best for you. Provide a rationale for your rationale.
• From the third e-Activity, choose two types of retirement plans. Identify the features and benefits of each plan. Discuss which retirement plan you believe will best suit your financial needs when you retire. Provide a rationale for your response.
EActivities: Watch the Chapter 14 Kiplinger videos, "The Power of the IRA", (1 min 30 s), "Paying for retirement", (1 min 42 s), and "Roth Versus Traditional IRAs", (1 min 36 s). Be prepared to discuss.
• Complete the interactive worksheet 14.1 "estimating retirement needs" from Chapter 14. Be prepared to discuss.
• Review the following Website from CNNMoney's Guide to Retirement athttps://money.cnn.com/retirement/guide/Basics/. Be prepared to discuss.