Financial management

 

Financial management applies to personal as well as business financial decisions. In this week’s assignment, you will lay the groundwork for creating a personal retirement plan in Week 9.

This week’s analysis requires you to apply what you have learned using the textbook, as well as additional Internet and SU Library research. Also, please refer to the assignments in Weeks 2 and 4, in which you evaluated stocks and bonds as investment options and applied the concept of present value.

Scenario
For this assignment, you take on the role of a personal retirement planner who is preparing a memo for your client. In the memo, explain to the client the financial and risk considerations that go into planning for retirement.

Instructions
Write a 4–5 page paper using the following instructions:

Describe the importance of factors to consider when developing a retirement plan. These will include age, marital status, number of dependents, health, life expectancy, and other sources of income such as social security and pensions.
Examine the relationship between risk and return and its impact on decisions about saving for retirement. Provide examples of the relationship.
Explain how risk factors (such as age and personal risk tolerance) impact the allocation of assets included in a retirement plan. Support your explanation with examples of how asset allocation changes as the risk factors change.

 

Sample Solution

While your retirement may seem a long way off, you owe it to yourself to look toward the future and begin thinking about what you can do today to help ensure a secure retirement tomorrow. Although time may be on your side, if you ask some of the retirees you know, they will probably tell you that saving for retirement is not as simple as it initially appears. Your age, career, marital status, family size, health, life expectancy, age of retirement, and post-retirement goals will all factor in to retirement planning. For many people, starting a family is a central life goal, but having children can also put a large dent in your savings. For that reason, the type of family you hope to have will play a factor in your retirement planning.

Besides, Vittola contends war is fundamental, not just for guarded purposes, ‘since it is legitimate to oppose force with force,’ yet in addition to battle against the unreasonable, a hostile conflict, countries which are not rebuffed for acting shamefully towards its own kin or have treacherously taken land from the home country (Begby et al (2006b), Page 310&313); to “show its foes a thing or two,” yet for the most part to accomplish the point of war. This approves Aristotle’s contention: ‘there should be battle for harmony (Aristotle (1996), Page 187). Nonetheless, Frowe contends “self-protection” has a majority of portrayals, found in Chapter 1, demonstrating the way that self-preservation can’t necessarily legitimize one’s activities. Much more dangerous, is the situation of self-preservation in war, where two clashing perspectives are laid out: The Collectivists, a totally different hypothesis and the Individualists, the continuation of the homegrown hypothesis of self-protection (Frowe (2011), Page 9& 29-34). All the more significantly, Frowe discredits Vittola’s view on retaliation in light of the fact that right off the bat it engages the punisher’s position, yet in addition the present world forestalls this activity between nations through legitimate bodies like the UN, since we have modernized into a generally tranquil society (Frowe (2011), Page 80-1). In particular, Frowe further disproves Vittola through his case that ‘right goal can’t be blamed so as to take up arms in light of expected wrong,’ proposing we can’t simply hurt another in light of the fact that they have accomplished something uncalled for. Different elements should be thought of, for instance, Proportionality. Thirdly, Vittola contends that war ought to be kept away from (Begby et al (2006b), Page 332) and that we ought to continue conditions strategically. This is upheld by the “final retreat” position in Frowe, where war ought not be allowed except if all actions to look for tact comes up short (Frowe (2011), Page 62). This implies war ought not be announced until one party must choose the option to pronounce battle, to safeguard its domain and freedoms, the point of war. In any case, we can likewise contend that the conflict can never be the final hotel, considering there is consistently a method for attempting to stay away from it, similar to approvals or mollification, showing Vittola’s hypothesis is imperfect. Fourthly, Vittola inquiries upon whose authority can request a formal statement of war, where he infers any region can do battle, yet more critically, “the ruler” where he has “the normal request” as per Augustine, and all authority is given to him. This is additionally upheld by Aristotle’s Politics ((1996), Page 28): ‘a ruler is the regular prevalent of his subjects.’ However, he really does later stress to place all confidence in the sovereign is off-base and has results; an exhaustive assessment of the reason for war is expected alongside th

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