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Adult Development and Aging

February 13, 2023

Review online articles (e.g. Forbes, Bloomberg, AARP) about retirement age and savings needed, as well as information from your textbook. You may also view other website such as CNN Money and the social security website. Next, locate an online retirement calculator and calculate how much you will need to save for retirement (“guestimate” based on your anticipated career and pay scale). Here are a few options, but feel free to use a different one. https://financialmentor.com/calculator/best-retirement-calculator https://www.aarp.org/work/retirement-planning/retirement_calculator.html https://www3.troweprice.com/ric/ricweb/public/ric.do Please integrate at least two outside sources.

A minimum of three sources are required. Websites and online magazines count, although you must include a reliable source such as your text, which has substantive information about this topic. In 500-750 words, answer the following questions: 1. Discuss some key factors to consider when thinking about the type of career you want (e.g., control over time, income, personality factors). Be sure to justify your response with expert support. 2. Describe retirement, including: a. What is retirement? What are the most appealing aspects about it for you? b. What age would you like to retire and why? c. How much will you need to save according to the retirement calculator? d. What are your biggest concerns about retirement and longevity? Do you foresee any challenges? e. Describe a few steps you need to take to ensure you have an adequate amount saved for retirement (e.g. investments, savings, budget). f. Explain how you might struct

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