im only 18 so its little hard to to answer the question..can someone help me make up some answers.
. Evaluate your current retirement savings plan. You should consider the amounts in your
retirement accounts to complete the analysis, but you do not need to state
these amounts in the assignment. However, please include what types of
retirement accounts you have (pension, 401k, IRA, ect.). Consider the following:
are your expected Social Security Benefits? .
what age will you be eligible for Social Security benefits?
can you expect from your employer pension plan(s)?
type of employee savings plans or individual retirement plans are you
Analyze your retirement plans.Respond to the following questions in your
what age do you plan to retire?
percentage of your current income do you need to live? OR How much income
will you need? (To receive a "Ballpark Estimate" of the savings
you need when you retire go to: http://www.choosetosave.org/ballpark/index.cfm?fa=interactive.)
will inflation affect your retirement plans? (The following calculator
looks at inflation and retirement purchasing ability.http://www.fincalc.com/ret_05.asp?id=12425 )
you currently saving enough?
not, what else could you do to plan for this loss of income?