Unit 8 Assignment: Financial Plan
In order to retire and live comfortably, you must make plans for the future. It is important for you
to start saving early in life for your retirement.
For this Assignment you will complete the following worksheet of the plan:
8.1 Retirement Needs
Review and revise your Financial Plan as necessary
Once you determine your retirement needs, answer the following questions in a Word
What have you learned from completing your retirement calculations?
Are there adjustments you need to make now? Or later?
What changes will you have to make in order to retire comfortably?
Has there been a change in your financial outlook for the future?
Written paper requirements:
Paper is to be a minimum of 3-pages, no more than 5-pages.
Proper APA formatting
Please pay close attention to your punctuation, grammar, and sentence structure.
Reference and cite any information using APA format.
Review the Final Project Timeline, and the Rubric and Privacy Statement below before starting this
Directions for Submitting Your Assignment:
When you are ready to submit the Assignment, after you have saved the master file, save an
additional copy as Username-AB104 Financial Plan Workbook-Unit#.xlsx (Example: TAllen- AB104
Financial Plan Workbook Unit 8.xlsx). Submit the file and Word document to the Unit 8: Assignment
Dropbox by the end of Unit 8.
Completed 8.1 Retirement Needs worksheet
A 3–5 page summary of your findings in a Word document
Unit 8 [AB104: Personal Financial Management]
AB104 Unit 8 Assignment: Financial Plan
Content (23 points)
Income entered (now and later) 5
Inflation factor entered 5
Monthly expenses entered (now and later) 5
Four questions answered 8
Analysis (15 points)
Work demonstrates synthesis of concepts, research, and experience. 5
Work demonstrates the student’s ability to tie relevant information to
real life applications. 5
Analysis exceeds basic comprehension to demonstrate higher order
Writing (12 points)
Sentences are clear, concise, and direct; tone is appropriate. 3
Spelling, grammar, and punctuation are correct. 3
APA formatting follows 6th edition guidelines. 3
Sources are provided both in-text and on a reference page. 3
AB104: Privacy Statement
One purpose of this course is to enable you to create your own personal financial plan. Any and all information
you submit will be kept in the strictest confidence. The information will not be used for anything but grading
purposes and no files with your personal information will be kept. If you are not comfortable using your current
personal financial information, you can use projections of how you want your finances to look after graduation or
use a multiplier to adjust the numbers.
Note I will attach my excel worksheet only 8.1 needs to be completed and separately a 3-5 page essay
In Unit 8 you will examine the need for a good retirement plan. The Discussion will lead us to Social Security programs which you have paid in to all of your working life, and to the big question, “Will Social Security be there when you retire?” Besides Social Security you will examine annuities, employer sponsored retirement plans, IRAs, and other plans available to you to have a secure retirement.
Podcast – select the arrow in the upper left of the page to listen to the podcast.
NPR. (2010, October 26). Money coach: How to retire in this economy. Podcast retrieved from http://www.npr.org/templates/story/story.php?storyId=130834212
Kiplinger. (2009, Dec 23). Roth or traditional IRA. Retrieved from http://youtu.be/x08oY0CBRIA