As an employee, you will be personally responsible for your retirement savings. You do not have to provide personal information, but here, you will develop a plan how you plan to retire comfortably.
In this paper, you will address the following:
How much will you need to retire comfortably?
How long will it take you to save?
What are the challenges facing your proper level of saving?
What can you do to increase your chances of a comfortable retirement?
What industry-specific challenges do you face in developing a comfortable retirement?
Retirement needs are highly individualized based on your desired lifestyle. For some, this could mean retiring in a condo in Florida, and for others this could mean downsizing your home to accommodate your new monthly budget. Regardless of your unique goals, a good rule of thumb is to save enough to sustain your current lifestyle after you retire. But this amount can change depending on several factors. A good rule of thumb is that your retirement income should equal about 80% of your pre-retirement income, says Steve Sexton, financial consultant and CEO of Sexton Advisory Group, a retirement-planning company. For example, if you make $150,000 per year, you should aim to have at least $120,000 per year in retirement to live comfortably in your golden years. Most retirees have fewer expenses in their retirement years, but if you want to maintain your current lifestyle and leave room for new splurges or expenses, you can make it a goal to save an amount equal to your current income.
as ‘we may not use the sword against those who have not harmed us (Begby et al (2006b), Page 314).’ In addition, Frowe suggested combatants must be identified as combatants, to avoid the presence of guerrilla warfare which can end up in a higher death count, for example, the Vietnam War. Moreover, he argued they must be part of the army, bear arms and apply to the rules of jus in bello. (Frowe (2011), Page 101-3). This suggests Frowe seeks a fair, just war between two participants avoiding non-combatant deaths, but wouldn’t this lead to higher death rate for combatants, as both sides have relatively equal chance to win since both use similar tactics? Nevertheless, arguably Frowe will argue that combatant can lawfully kill each other, showing this is just, which is also supported by Vittola, who states: ‘it is lawful to draw the sword and use it against malefactors (Begby et al (2006b), Page 309).’
In addition, Vittola expresses the extent of military tactics used, but never reaches a conclusion whether it’s lawful or not to proceed these actions, as he constantly found a middle ground, where it can be lawful to do such things but never always (Begby et al (2006b), Page 326-31). This is supported by Frowe, who measures the legitimate tactics according to proportionality and military necessity. It depends on the magnitude of how much damage done to one another, in order to judge the actions after a war. For example, one cannot simply nuke the terrorist groups throughout the middle-east, because it is not only proportional, it will damage the whole population, an unintended consequence. More importantly, the soldiers must have the right intention in what they are going to achieve, sacrificing the costs to their actions. For example: if soldiers want to execute all prisoners of war, they must do it for the right intention and for a just cause, proportional to the harm done to them. This is supported by Vittola: ‘not always lawful to execute all combatants…we must take account… scale of the injury inflicted by the enemy.’ This is further supported by Frowe approach, which is a lot more moral than Vittola’s view but implies the same agendas: ‘can’t be punished simply for fighting.’ This means one cannot simply punish another because they have been a combatant. They must be treated as humanely as possible. However, the situation is escalated if killing them can lead to peace and security, within the interests of all parties.