Overview
For this assignment, you will assume the role of a financial planner who is advising their client on long-term investment planning, with the goal of having enough money to retire comfortably. You will use your finance/budgeting and forecasting skills to create an investment plan that is tailored to your client’s needs. Your completed assignment will include recommendations based on your client’s specific situation (age, employment status, retirement goals, etc.), which you will determine prior to developing the retirement plan.
Instructions
Create a 5–6 page retirement investment plan in which you:
- Identify the specific information related to your client: Age, employment status, current financial situation, and retirement goals.
- Discuss factors that need to be considered when developing a retirement plan: age, marital status, dependents, health, life expectancy, and other sources of income like social security and pension. Provide support for your response.
- Suggest a retirement investment plan for your client that includes:
- The total amount that needs to be saved by retirement
- A timeline of saving/withdrawals both before and after retirement
- How the percentage of their portfolio will be allocated to different asset classifications both before and after retirement
- Explain how the allocation of retirement assets will change as the client gets older and provide a recommendation for the amount of investment risk your client should take before and after retirement. Provide support for your response.
- Provide and justify what percentage of the portfolio should be allocated to different asset classifications (stocks, bonds, real estate) both before and after retirement. Provide support for your response.
Your retirement planning document should include at least three (3) quality academic resources. Note: Wikipedia and other websites do not qualify as academic resources.
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
- Examine concepts related to financial risks faced by firms and the impact on financial management (clients).
View RubricWeek 9 Assignment – Investment PlanningWeek 9 Assignment – Investment PlanningCriteriaRatingsPtsIdentify the specific information related to your client: Age, employment status, current financial situation, retirement goals.16.5 to >14.85 ptsExemplaryIdentified the specific information related to your client: Age, employment status, current financial situation, retirement goals.14.85 to >13.2 ptsCompetentIdentified three of the four specific pieces of information related to your client: Age, employment status, current financial situation, retirement goals.13.2 to >11.55 ptsSatisfactoryIdentified two of the four specific pieces of information related to your client: Age, employment status, current financial situation, retirement goals.11.55 to >9.9 ptsNeeds ImprovementIdentified one of the four specific pieces of information related to your client: Age, employment status, current financial situation, retirement goals.9.9 to >0 ptsUnacceptableDid not submit or did not identify the specific information related to your client: Age, employment status, current financial situation, retirement goals./ 16.5 ptsDiscuss factors that need to be considered when developing a retirement plan: age, marital status, dependents, health, life expectancy, other sources of income like social security and pension. Provide support for your response.24.75 to >22.27 ptsExemplaryDiscussed factors that need to be considered when developing a retirement plan: age, marital status, dependents, health, life expectancy, other sources of income like social security and pension. Provided support for your response.22.27 to >19.8 ptsCompetentDiscussed factors that need to be considered when developing a retirement plan: age, marital status, dependents, health, life expectancy, other sources of income like social security and pension. Did not provide support for your response.19.8 to >17.32 ptsSatisfactoryDiscussed 3 – 5 of the factors that need to be considered when developing a retirement plan: age, marital status, dependents, health, life expectancy, other sources of income like social security and pension. Provided support for your response.17.32 to >14.85 ptsNeeds ImprovementDiscussed 1 – 4 of the factors that need to be considered when developing a retirement plan: age, marital status, dependents, health, life expectancy, other sources of income like social security and pension. Did not provide support for your response.14.85 to >0 ptsUnacceptableDid not submit or did not discuss factors that need to be considered when developing a retirement plan: age, marital status, dependents, health, life expectancy, other sources of income like social security and pension./ 24.75 ptsSuggest a retirement investment plan for your client that includes: The total amount that needs to be saved by retirement; A timeline of saving/withdrawals both before and after retirement; How the percentage of their portfolio will be allocated to different asset classifications both before and after retirement. Provide support for your recommendations.41.25 to >37.12 ptsExemplarySuggested a retirement investment plan for your client that includes: (1) The total amount that needs to be saved by retirement ; (2) A timeline of saving/withdrawals both before and after retirement; (3) How the percentage of their portfolio will be allocated to different asset classifications both before and after retirement Provided support for your recommendations.37.12 to >33 ptsCompetentSuggested a retirement investment plan for your client that includes: (1) The total amount that needs to be saved by retirement ; (2) A timeline of saving/withdrawals both before and after retirement; (3) How the percentage of their portfolio will be allocated to different asset classifications both before and after retirement. Did not provide support for your recommendations.33 to >28.87 ptsSatisfactorySuggested a retirement investment plan for your client that includes two of the following three items: (1) The total amount that needs to be saved by retirement ; (2) A timeline of saving/withdrawals both before and after retirement; (3) How the percentage of their portfolio will be allocated to different asset classifications both before and after retirement. Provided support for your recommendations.28.87 to >24.75 ptsNeeds ImprovementSuggested a retirement investment plan for your client that includes 1 – 2 of the following three items: (1) The total amount that needs to be saved by retirement ; (2) A timeline of saving/withdrawals both before and after retirement; (3) How the percentage of their portfolio will be allocated to different asset classifications both before and after retirement. Did not provide support for your recommendations.24.75 to >0 ptsUnacceptableDid not submit or did not suggest a retirement investment plan for your client that includes: (1) The total amount that needs to be saved by retirement ; (2) A timeline of saving/withdrawals both before and after retirement; (3) How the percentage of their portfolio will be allocated to different asset classifications both before and after retirement./ 41.25 ptsExplain how the allocation of retirement assets will change as the client gets older and provide a recommendation for the amount of investment risk your client should take before and after retirement. Provide support for your response.33 to >29.7 ptsExemplaryExplained how the allocation of retirement assets will change as the client gets older and provided a recommendation for the amount of investment risk your client should take before and after retirement. Provided support for your response.29.7 to >26.4 ptsCompetentExplained how the allocation of retirement assets will change as the client gets older and provided a recommendation for the amount of investment risk your client should take before and after retirement. Did not provide support for your response.26.4 to >23.1 ptsSatisfactoryExplained how the allocation of retirement assets will change as the client gets older OR provided a recommendation for the amount of investment risk your client should take before and after retirement, but not both. Provided support for your response.23.1 to >19.8 ptsNeeds ImprovementExplained how the allocation of retirement assets will change as the client gets older OR provided a recommendation for the amount of investment risk your client should take before and after retirement, but not both. Did not provide support for your response.19.8 to >0 ptsUnacceptableDid not submit or did not explain how the allocation of retirement assets will change as the client gets older and provide a recommendation for the amount of investment risk your client should take before and after retirement./ 33 ptsProvide and justify what percentage of the portfolio should be allocated to different asset classifications (stocks, bonds, real estate) both before and after retirement. Provide support for your response.33 to >29.7 ptsExemplaryProvided and justified what percentage of the portfolio should be allocated to different asset classifications (stocks, bonds, real estate) both before and after retirement. Provided support for your response.29.7 to >26.4 ptsCompetentProvided and justified what percentage of the portfolio should be allocated to different asset classifications (stocks, bonds, real estate) both before and after retirement. Did not provide support for your response.26.4 to >23.1 ptsSatisfactoryProvided and justified what percentage of the portfolio should be allocated to different asset classifications (stocks, bonds, real estate) both before and after retirement, but did not include all asset classifications in your response. Provided support for your response.23.1 to >19.8 ptsNeeds ImprovementListed, but did not justify, what percentage of the portfolio should be allocated to different asset classifications (stocks, bonds, real estate) both before and after retirement. Did not include all asset classifications in your response. Did not provide support for your response.19.8 to >0 ptsUnacceptableDid not submit or did not provide and justify what percentage of the portfolio should be allocated to different asset classifications (stocks, bonds, real estate) both before and after retirement./ 33 ptsUse at least three quality academic resources in this assignment. Note: Wikipedia and other websites do not qualify as academic resources.8.25 to >7.42 ptsExemplaryUsed at least five quality academic resources in this assignment. All references are high-quality choices.7.42 to >6.6 ptsCompetentMeets the required number of references; some references are poor-quality choices.6.6 to >5.77 ptsSatisfactoryDoes not meet the required number of references; some references are poor-quality choices.5.77 to >4.95 ptsNeeds ImprovementDoes not meet the required number of references; all references are poor-quality choices.4.95 to >0 ptsUnacceptableNo references provided./ 8.25 ptsClarity, writing mechanics, and SWS formatting requirements.8.25 to >7.42 ptsExemplary0–2 errors present.7.42 to >6.6 ptsCompetent3–4 errors present.6.6 to >5.77 ptsSatisfactory5–6 errors present.5.77 to >4.95 ptsNeeds Improvement7–8 errors present.4.95 to >0 ptsUnacceptableMore than 8 errors present./ 8.25 ptsTotal Points:
