Chapter - 18 PFP
Chapter - 18 PFP
Chapter - 18 PFP
Retirement Planning
Purpose: To consider housing alternatives for retirement living and to plan retirement activities.
Instructions: Evaluate current and expected needs and interest based on the items below. 63
Suggested websites: www.aarp.org retireplan.about.com
Suggested apps: Retirement Planner
Personal and financial factors that will influence the retirement housing decision
Retirement Activities
What plans do you have to work part-time or do volunteer work?
What recreational activities do you plan to continue or start? (Location, training, equipment needs)
* Survey local senior housing facilities to determine the types of services available to seniors.
* Make a list that suggests the best housing options for seniors.
Name: Date:
Type of plan
Address
Phone
Website
Type of investments
Employer contributions
Service charges/fees
Amount
Tax benefits
* Survey local business to determine the types of retirement plans available to employees.
* Talk to representatives of various financial institutions to obtain their suggestions for retirement plan investments.
Name: Date:
Retirement Income Forecast
Purpose: To determine the amount needed to save each year to have the necessary funds to cover retirement living
costs.
Instructions: Estimate the information requested below.
* Survey retired individuals or people close to retirement to obtain information on their main sources of retirement income.
* Evaluate various investment options for an individual retirement account.