Objectives
This is a personal financial plan aimed at offering assistance in creating enough wealth for retirement. The financial plan will also help in estimating personal expenses in the next twenty years. By estimating the annual cost of living in the next twenty years, the financial plan will provide a clear picture of personal expenses. Further, the plan will stipulate the necessary actions to achieve the goals.
Specific Goals of Financial Plan
The aim is to accumulate enough wealth that will generate $40,000 per year for the first 20 years of retirement. It is important for the financial plan to take into account inflation that is ...