Creating a plan

      Creating a plan         Identify a person, couple, or family for whom you are creating the plan. Describe the person, couple, or family (no name is required, but it can be you, someone else, or someone you imagine). Each of the following items is important because your recommendations must align to them: Include the factors that are important to know when developing a retirement plan (age, marital status, number of dependents, health, life expectancy, and other sources of income such as social security and pensions). Identify a desired age of retirement and retirement income (assume these were provided by the client). Describe the client’s personal risk tolerance (assume this information was provided by the client). Develop a personal retirement plan that identifies required savings before retirement and planned savings and withdrawals before and after retirement. Support your explanation of this plan with the following appendices: Annual and monthly savings before retirement (in addition to the required page total). Annual and monthly withdrawals after retirement (in addition to the required page total).       Identify a person, couple, or family for whom you are creating the plan. Describe the person, couple, or family (no name is required, but it can be you, someone else, or someone you imagine). Each of the following items is important because your recommendations must align to them: Include the factors that are important to know when developing a retirement plan (age, marital status, number of dependents, health, life expectancy, and other sources of income such as social security and pensions). Identify a desired age of retirement and retirement income (assume these were provided by the client). Describe the client’s personal risk tolerance (assume this information was provided by the client). Develop a personal retirement plan that identifies required savings before retirement and planned savings and withdrawals before and after retirement. Support your explanation of this plan with the following appendices: Annual and monthly savings before retirement (in addition to the required page total). Annual and monthly withdrawals after retirement (in addition to the required page total).