Question

Please help me :(

Answer 1

Ellie is a 45-year-old woman who has not yet planned for retirement. She would like to retire at age 67. Answer each question using complete sentences.
Part I: In what type of investments should Ellie deposit her money? Why?
Part II: At what age, or point in your life, would you like to start saving for retirement?
Part III: In what type of investments would you like to deposit your money intowhen you start saving for retirement? Why?

Answer 2

ok she can deposit her money at ether at 66 or 61

Answer 3

and mostly 64 is a good choice.

Answer 4

So at age 64 she should start investing? but i'm not sure what different investment types for retirement are

Answer 5

64 is a good choice to invest of her lifetime, hmm some requirement have to be add to bring a better retirement action.

Answer 6

No, she needs to invest her money now! She needs to continue investing until she reaches retirement age.

Answer 7

Okay, i'm still not sure what it means by what type of investment

Answer 8

reasonable and that is what I was looking for

Answer 9

what retirement action is she taking?

Answer 10

I'm not sure, all the information they gave me i posted here

Answer 11

try the wiki for the more (most) answer

Answer 12

If that does not help ask a friend or try asking whpalmer4.

Answer 13

like this? https://www.schwabplan.com/net2/cmspages/participant/pa_different_types.html

Answer 14

yes

Answer 15

Now your getting on track!

Answer 16

@whpalmer4 could you maybe help me out a little bit more? I was thinking for her investment a Bond investments would be best to start on now. Because she doesn't have a lot of money or time this will probably be the most benificial to her so she can save up as much as she can. And, I was thinking for me I would like to start saving as soon as i start working. I want to add a certain amount from each paycheck into a Capital preservation investments that will give me a small percent of money back but i have a lot of time to build up and save over time.

Answer 17

If you can't find him send him a message to discuss of the the investment.

Answer 18

Usually a capital preservation investment vehicle is what you use in your retirement, when you no longer have a paycheck. If she's just starting to save for retirement at age 47, she needs to get some bigger returns that will outpace inflation, because she doesn't have all that much time left to accumulate enough money to support her for the rest of her life. For most people, that means a combination of stocks and bonds.

Usually the advice is that the younger you start, the larger the percentage of your portfolio that should be in stocks (which tend to have the greatest volatility and returns), and as you get closer to retirement age, the percentage of stocks is decreased and income vehicles such as bonds take up a larger percentage. Even after retirement, if you plan to live for more than a few years, you'll still probably want some stock exposure to have a shot at keeping ahead of inflation, unless you've somehow amassed a very substantial retirement fund!

Answer 19

OK that's the best comment you were looking for right @Noobs?

Answer 20

yup thank you both! ^_^