Part II: Planning for Retirement
1. Lynn has learned that she will need to save $1 million dollars to support her current
lifestyle if she retires in 15 years. Lynn had not thought about planning for retirement until
now. If she begins saving now, she will need to save approximately $67,000 per year.
Based on her annual income of $75,000, this goal is not attainable. How would Lynn's
retirement be affected if she had understood the importance of planning for retirement
earlier?

2. In three to four sentences, explain how you would develop a long-term investing strategy
to ensure that you will have a financially secure retirement.

PLEASE HELP! I WILL MARK YOU THE BRAINLIEST:)

Answers

Answer 1

Answer:

An effective strategy to retirement includes setting goals, being aware of timing knowing when and how long it will take to save. Also, taking advantage of retirement savings options such as 401(k), IRA, or SEP plans, as well as understanding the impact of taxation and tax benefits. Lastly, staying on top of it all when you actually get there, and monitoring your progress every step of the way making adjustments when needed.

Explanation:


Related Questions

elaborate the meaning of induction and explain its purpose​

Answers

Induction is the process of welcoming, introducing and socializing the new entrants to the existing group of people. The purpose of induction Is to make the new employees feel welcome at the new workplace and with their senior employees.

PLEASE HELP ME ILL MAKE YOU BRAINLIEST

Answers

a formal code of ethics

does anyone have a way or trick on using like blocked websites on a school chromebook?

Answers

I’m pretty sure u can disable or some way but it depends on like the type of thing your school uses to block websites :(

When a spelling error is indicated, what is a quick way to see a list of possible corrections?
Left click on the spelling error
Cut the spelling error
Highlight the spelling error
Right click on the spelling error

Answers

I'm pretty sure that its right click on spelling error
Right click on the spelling error.


pls help me
1. What is the count number of the statement?
2. Was there any check card activity? If so, how many transactions were there, and what was the total amount?
3. Were there any service charges? If so, what was the total amount?
4. What is the total of all withdrawals (checks, ATM transactions, check card transactions, service charges)?

Answers

Answer:

lol it is du green one lololol dont tell on me

what is the definition of It spectrum​

Answers

Definition of spectrum

1a : a continuum of color formed when a beam of white light is dispersed (as by passage through a prism) so that its component wavelengths are arranged in order

2a: any of various continua that resemble a color spectrum in consisting of an ordered arrangement by a particular characteristic (such as frequency or energy): such as

Explain the role of entrepreneurship in society

Answers

Answer:

Entrepreneurship plays an influential role in the economic growth and standard of living of a society. As a startup founder or small business owner, you may think that you are simply working hard to build your own business and provide for yourself and your family.

Based on the definition of speciliation and comparitive advantage, what are in the world could be said to have the comparative advantage in oil production

Answers

Answer:

The theory of the Comparative Advantage tells us that countries specialize in the production of those goods and services that they can produce at a lower opportunity cost than other countries.

Following this definition, we can say that the countries that have comparative advantage in the production of oil are those that either have a great amount of oil, or that have enough capital and human resources to produce a large amount of oil, even if they do not have as much oil itself.

Some of these countries would be Saudi Arabia, Qatar, Bahrein, Venezuela, and the United States.

follow my grammmmmmmm
baby_syeph_1

love yaaaa

Answers

Answer:

yeah sure I'll definitely do that

Supporters of free trade argue that it creates which economic benefit?
O A. Helping the environment by reducing emissions from shipping
B. Helping consumers by lowering the cost of goods and services
C. Protecting workers by enforcing international labor regulations
D. Promoting independence by reducing reliance on foreign goods

Answers

Answer:

B. Helping consumers by lowering the cost of goods and services

Explanation:

In a free-market economy, the private sector owns the factors of production. Entrepreneurs have the freedom to choose the type of business they want to run. Production is not limited to specific firms. Businesses are motivated by profits.

Many buyers and sellers characterize free-market economies. There is increased competition among sellers. The competition makes suppliers innovate to improve the quality of the goods and services they offer to customers. Due to competition, customers get quality products and competitive prices.

Answer:

B. Helping consumers by lowering the cost of goods and services

Explanation:

just got it right!

Select the correct answer.
Samantha works at an arcade parlor. She has noticed that, although the arcade is full during peak hours, half the game machines are
unoccupied during non-peak hours. This leads to losses because the arcade has to sustain the cost of running the utilities. What should
Samantha's arcade parlor do in order to increase demand during non-peak hours?

A. ask customers to visit the arcade during non-peak hours

B. sell game tickets (coins) at a lower price during non-peak hours

C. decrease the number of active game machines during non-peak hours

D. increase the number of games per ticket in the arcade

Answers

Answer:

B

Explanation:

all the answers makes sense but since we're specifically asked to increase demand, b makes most sense

7. The idea that business demand comes from a demand for consumer goods is referred to as

Answers

The answer would be: derived demand

What kind of documents does Publisher handle best?
Term Paper
Newsletter
Customer List
Balance Sheet

Answers

Newsletter!

If correct mark please! Have a nice daub

First Choice Bank wants to earn an effective interest rate of 18% per year. In order to suit different potential borrowers' needs, the bank offers two options. The first calculates interest on a weekly compounding basis while the second calculates interest on a monthly compounding basis. What interest rate is the bank required to report for the two options? Give one reason why a borrower might prefer monthly compounding over weekly compounding.

Answers

Answer:

What interest rate is the bank required to report for the two options?

APR for weekly compounding = 0.003188 x 52 = 0.1658 = 16.58%APR for monthly compounding = 0.01389 x 12 = 0.1667 = 16.67%

Give one reason why a borrower might prefer monthly compounding over weekly compounding.

In this case, the lender should be indifferent between monthly or weekly compounding since the effective interest rate is equal for both (if the pay in during the first week). But generally, borrowers should choose the longest compounding period option. The longer the compounding period, the less interests charged will earn more interest. In some cases. If you pay after the second week started, then you might be charged a slightly higher interest.

Explanation:

effective interest rate = (1 + i/n)ⁿ - 1

for weekly compounding:

0.18 = (1 + i)⁵² - 1

1.18 = (1 + i)⁵²

⁵²√1.18  = ⁵²√(1 + i)⁵²

1.003188 = 1 + i

0.003188 = i

for monthly compounding:

0.18 = (1 + i)¹² - 1

1.18 = (1 + i)¹²

¹²√1.18  = ¹²√(1 + i)¹²

1.01389 = 1 + i

0.01389 = i

Which of the following is not one of the guiding questions to creating a Strategic Business Plan?
O "For whom do we do it?"
O "What do we do?"
O "What do we want?"
O "What are our strengths and weaknesses?"

Answers

What do we want is the answer I believe, correct me if I’m wrong

Which is most likely to happen to consumers with good credit? Check all that apply.

Answers

Answer:

They can use credit in emergencies. A form must be filled out when someone is hired for a job to determine how much income tax will be withheld.

Explanation:

Who has a tw octane on rocket leage?

Answers

Answer:

I do :)

Have a great day!

Answer:

me

Explanation:

anyone can do this?

Answers

I love your profile pic ( ༎ຶŎ༎ຶ )

Answer:

Her car

Explanation:

She would have to give up the title of her car because she is borrowing money from a title pawn lender. She'd borrow up to 100-5,000, then she's have to give up her title to her car.

Need help ASAP !
Per capita GDP is a better measure of a nation's economic development than total GDP because...

a. it shows how wealthy each person in the country is.
b. it gives a better comparison between countries of different population sizes.
c. it shows how the unemployment rate affects GDP.
d. it uses the exchange rate of the country involved.

Answers

Answer:

a. it shows how wealthy each person in the country is.

Explanation:

GDP per capita shows the average contribution per individual to the country's GDP. It is obtained by dividing the country's GDP by its population. GDP per capita estimates the level of economic activity per citizen. A higher GDP per capita suggests that each individual produced a high value of goods and services in that period.

GDP per capita is a measure of the prosperity of a country. A country with a high GDP per capita has a high economic growth relative to its population. When the output of the country is shared among its population, each individual gets a big proposition.  Therefore, a high GDP per capita indicates that citizens are more wealthy.

Question 10 of 20
How does globalization encourage economic growth worldwide?
A. By ensuring that workers in all countries make the same wages
O B. By creating a fair distribution of natural resources between
countries
O C. By making it easier for countries to trade with each other
D. By reducing pollution that can harm the global environment

Answers

Answer:


c. By making it easier for countries to trade with each other.

Globalization encourage economic growth worldwide by making it easier for countries to trade with each other.

Globalization

Globalization is the process of interaction and integration between people, companies, and governments worldwide. In the recent times, globalization has advanced in transport and communication technology.

Economic growth

Increased globalization has helped to stimulate new technology development, particularly with the growth in FDI, which helps improve economic output by making processes more efficient. This has been possible by increasing trade between countries.

Thus, globalization encourage economic growth worldwide by making it easier for countries to trade with each other.

Learn more on globalization here- brainly.com/question/15283031

#SPJ2

What is an audiologist?

Answers

Answer:

An audiologist is a licensed healthcare professional who specializes in diagnosing and treating hearing

Explanation:

Answer:

Audiologists are health care professionals who identify, assess and manage disorders of hearing, balance and other neural systems.

Explanation:

An audiologist is a licensed hearing health care professional who specializes in the diagnosis and treatment of hearing loss and balance disorders in adults and children. ... Treatment for balance disorders and tinnitus (ringing in the ears) Hearing and speech rehabilitation programs.

Also:

An audiologist is a licensed healthcare professional who specializes in diagnosing and treating hearing, balance and tinnitus disorders and who has, at minimum, a master's degree. Many, however, also go on to get a doctorate degree (Au. D.), and only then become a Doctor of Audiology.

what type of business law deals with general employment practices
a copyright law
b corprate law
c contract law
d accounting law

Answers

Answer:

The correct option is;

c. Contract law

Explanation:

A contract law is the aspect of law that is concerned with the agreements between two or more persons or parties such that an exchange is expected to take place or beneficial obligations are made which are legally enforceable.

The elements of a contract making it enforceable is the existence of a contract offer and an acceptance of the offer; evidence of sufficient consideration of the contract terms; Availability to resources and capacity/competence to enforce the contract; and legality of the activities or items in the contract

Answer:

c . contract law

I just took the quiz and made

100% !!

trust me

Econmics. 'Cause Lord knows that I don't be paying any kind of attention in that class

Answers

Answer:

lol

Explanation:

If you decide to hunt for your next job while you are still employed, you should be careful to a. Only search for jobs in other industries b. Tell your boss you are looking right away Tell your coworkers where you are looking d. Keep the information to yourself​

Answers

Answer:

D. Keep the information to yourself​.

Assuming you decide to hunt for your next job while you are still employed, you should be careful to: D. Keep the information to yourself​.

An employee refers to an individual who is employed by an employer of labor, so that he or she can perform specific tasks, duties or functions within the business firm, for a certain amount of money paid as wages or salary.

Job hunting is a process through which individuals who are seeking employment go around in search of available job opportunities while submitting an application.

Ideally, job hunting is usually carried out by unemployed people. However, some employed persons go on job hunts when they seek more experience or a higher pay.

On this note, an employed person that decides to hunt for a new job should endeavor to keep such an information to himself or herself because it could lead a termination of contract at his or her current establishment.

Read more on employment here: https://brainly.com/question/3700565

Both international and domestic travel markets are important for the economy of a country since the international travelers inject export income while domestic travelers recycle the domestic income of the national economy.

Answers

Answer: True

Explanation:

Export income is money that a company makes when it sells goods and services to other countries and its citizens. When international travellers spend on goods and services in a country therefore, they are increasing the export income of a country.

Domestic travellers are also important as they keep the flow of domestic funds going by recycling it when they go to another part of the country.

Market research is the process associated with the controversial act of "data mining" or acquiring information about
potential customers.
True
False

Answers

Answer:

True

Explanation:

Market research involves collecting, analyzing, and interpreting information regarding a company's brand name, products, services, or the market. It is concerned with gathering data on potential customers, existing and possible competitors of a product about to be launched. Market research is more of a feasibility study on products and services or markets.

Market research involves collecting data from different people, such as suppliers, customers, distributors, and traders. One has to engage these individuals and gather as much information from them. The activities of obtaining information are comparable to data mining.


1. What is the amount charged for failing to provide a Social Security number on your tax return?
A. $15.00
B. $50.00
C. $75.00
D. $35.00

Answers

Answer:

B. $50.00

Explanation:

The penalty for failing to supply the  Social Security number when submitting tax returns is $50. The penalty may also apply when one fails to provide the SSN in statements or other documents being submitted to the tax agency.

students in Mr. Jaspers fourth grade class have their special classes on different days. Use the clues below to discover which day they go which class.

-The students do not begin the week with P.E or Art.
-Spanish is later in the week than music.
-Library is later in the week than art, but earlier than P.E.
-P.E is the day after Spanish

P.E. Music. Library. Art. Spanish
Monday

Tuesday

Wednesday

Thursday

Friday

Answers

Answer:

music, art, library, Spanish, pe

Explanation:

music has to be first because it isnt mentioned after anything. then art because its before library, then library because its after art but before pe, then Spanish because its after music but the day before pe, then pe because it's the day after spanish

Input used to produce goods and services clled​

Answers

Answer:

Factors of production

What is marketing? There are three correct answers:

A. Market Research
B. Shopping
C. Social Media
D. SEO
E. Selling​

Answers

Answers are A, D and E

Answer:

E

Explanation:

selling product and services including market research and advertisement

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