ByStudent at Rowan

Xxxx@students.rowan.edu

How will You Support Yourself After Retirement?

◦ Not stocks and bonds.

◦ Not your kids.

◦ Not your Saving Account.

Stocks and bonds are to risky!

It is not a good time in the stock market.

Big corporations are losing a lot of money.

Kids will have college loans to pay.

Low income from starting jobs.

They will need their money to start their new lives.

Your savings account will not be enough to support you unless you start putting money a side early.

Here is an example.

Assume you just graduated college. You are starting a job as an accountant at

$41,000/year. If you start early you can have sufficient

retirement funds.

At what age do you start your new career? 25 How many years will you work until retirement? 43 What average inflation rate do you expect over your working

career? 3.09% What savings rate do you expect to get on your money saved?

9.71% How many years beyond retirement do you expect to live? 8 What is your starting salary equivalent value at the time of your

retirement? 41000 Final Salary before retiring $151,738.25 My Retirement needs in dollars $91,042.95 How much do you have to save annually? $903.00 How Much Did I Save - Annuity $490,799.06 How Much to Withdraw Each Year $91,028.33

The quicker you start saving the more money you will have towards retirement.

Migrate to Florida and leave an empty seat in the work force for a young college graduate!

So why wait start now!

http://money.cnn.com/ https://us.etrade.com/e/t/home http://www.treasurydirect.gov/indiv/

myaccount/myaccount_legacytd.htm http://www.bloomberg.com/ http://www.prudential.com/view/page http://www.dailystocks.com/ http://www.investors.com/ http://www.nasdaq.com/ http://www.investors.com/