13 Aug Financial management applies topersonal as well asbusinessfinancialdecisions. In this week’s assignment, you will lay the groundwork for creating a personal retirement plan in Week 9
ATTACHED IS GRADING RUBRIC!!!!
Overview
Financial management applies to personal as well as business financial decisions. In this week's assignment, you will lay the groundwork for creating a personal retirement plan in Week 9.
This week's analysis requires you to apply what you have learned using the textbook, as well as additional Internet and SU Library research. Also, please refer to the assignments in Weeks 2 and 4, in which you evaluated stocks and bonds as investment options and applied the concept of present value.
Scenario
For this assignment, you take on the role of a personal retirement planner who is preparing a memo for your client. In the memo, explain to the client the financial and risk considerations that go into planning for retirement.
Instructions
Write a 4-5 page paper using the following instructions:
- Describe the importance of factors to consider when developing a retirement plan. These will include age, marital status, number of dependents, health, life expectancy, and other sources of income such as social security and pensions.
- Examine the relationship between risk and return and its impact on decisions about saving for retirement. Provide examples of the relationship.
- Explain how risk factors (such as age and personal risk tolerance) impact the allocation of assets included in a retirement plan. Support your explanation with examples of how asset allocation changes as the risk factors change.
- Analyze how fiscal and monetary policies may impact retirement plans.
- Research how changes in fiscal policy and monetary policy can impact retirement savings.
- This research should include how changes in policies, including interest rates, tax rates, and policies that impact savings (IRAs, 401k), can impact retirement plans.
- Evaluate the implications of the time value of money with respect to saving for retirement. Support the answer with specific examples and explanations.
- Use 4-5 sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. For help with research, writing, and citation, access the library or review library guides.
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 as follows:
- Determine the suitability of an investment strategy that considers external risk factors and a literature review.
- Create investment recommendations based on research that includes the rationale and risk mitigation for the chosen strategies.
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Week 7 Assignment – Client Memo: Understand and Mitigate Risk |
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Ratings |
Pts |
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Describe the importance of factors to consider when developing a retirement plan. (15%) view longer description |
16.5 to >14.85 pts Exemplary Describes the importance of factors to consider when developing a retirement plan. 14.85 to >13.2 pts Competent Describes the factors to consider when developing a retirement plan. Descriptions of their importance to retirement planning need elaboration. 13.2 to >11.55 pts Needs Improvement Lists the factors to consider when developing a retirement plan. Descriptions and importance need elaboration. 11.55 to >0 pts Unacceptable Does not list the factors to consider when developing a retirement plan. |
/ 16.5 pts |
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Examine the relationship between risk and return and its impact on decisions about saving for retirement. Provide examples of the relationship. (15%) view longer description |
16.5 to >14.85 pts Exemplary Examines the relationship between risk and return and its impact on decisions about saving for retirement. Provides examples of the relationship. 14.85 to >13.2 pts Competent Examines the relationship between risk and return and its impact on decisions about saving for retirement. Examples of the relationship are missing or need elaboration. 13.2 to >11.55 pts Needs Improvement Identifies the relationship between risk and return. Does not explain the relationship or provide examples or examine its relationship with retirement savings decisions. 11.55 to >0 pts Unacceptable Does not identify the relationship between risk and return. |
/ 16.5 pts |
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Explain how risk factors (such as age and personal risk tolerance) impact the allocation of assets included in a retirement plan. Support your explanation with examples of how asset allocation changes as the risk factors change. (15%) view longer description |
16.5 to >14.85 pts Exemplary Explains how risk factors (such as age and personal risk tolerance) impact the allocation of assets included in a retirement plan. Supports the explanation with examples of how asset allocation changes as the risk factors change. 14.85 to >13.2 pts Competent Explains how risk factors (such as age and personal risk tolerance) impact the allocation of assets included in a retirement plan. Examples of how asset allocation changes need elaboration or do not support the explanation. 13.2 to >11.55 pts Needs Improvement Identifies a relationship between risk factors and the allocation of assets included in a retirement plan. Does not explain the impact or provide examples of how asset allocation changes as the risk factors change. 11.55 to >0 pts Unacceptable Does not identify a relationship between risk factors and the allocation of assets included in a retirement plan. |
/ 16.5 pts |
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Analyze how fiscal and monetary policies impact retirement plans. Support your answer with examples of policy actions and their effects. (15%) view longer description |
16.5 to >14.85 pts Exemplary Analyzes how fiscal and monetary policies impact retirement plans. Supports the answer with examples of policy actions and their effects. 14.85 to >13.2 pts Competent Analyzes how fiscal or monetary policies impact retirement plans but neglects one policy area. Provides examples of policies and their impacts, but examples require elaboration. 13.2 to >11.55 pts Needs Improvement Describes fiscal or monetary policies and their economic impacts in general. Does not analyze their impacts on retirement plans. 11.55 to >0 pts Unacceptable Does not describe fiscal or monetary policies and their economic impacts. |
/ 16.5 pts |
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Evaluate the implications of the time value of money with respect to saving for retirement. Support the answer with specific examples and explanations. (20%) view longer description |
22 to >19.8 pts Exemplary Evaluates the implications of the time value of money with respect to saving for retirement. Supports the answer with specific examples and explanations. 19.8 to >17.6 pts Competent Evaluates the implications of the time value of money with respect to saving for retirement. Provides general examples and explanations. 17.6 to >15.4 pts Needs Improvement Identifies the concept of the time value of money. Does not evaluate the implications for retirement savings. 15.4 to >0 pts Unacceptable Does not identify the concept of the time value of money. |
/ 22 pts |
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Use 4–5 sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. (10%) view longer description |
11 to >9.9 pts Exemplary Meets or exceeds the required number of sources and cites each one in the assignment; all sources are credible, relevant, and appropriate. 9.9 to >8.8 pts Competent Meets the required number of sources and cites each one in the assignment; some or all sources are not credible, relevant, and appropriate. 8.8 to >7.7 pts Needs Improvement Does not meet the required number of sources or does not cite each one in the assignment; some or all sources are not credible, relevant, and appropriate. 7.7 to >0 pts Unacceptable No references provided. |
/ 11 pts |
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Clarity, writing mechanics, and formatting requirements. (10%) view longer description |
11 to >9.9 pts Exemplary Writing has very few spelling, punctuation, and grammatical errors; few fragments, comma splices, and run-ons. 0–2 errors. 9.9 to >8.8 pts Competent Writing has spelling, punctuation, and grammatical errors that are distracting in a few places; few fragments, comma splices, and run-ons. 3–4 errors. 8.8 to >7.7 pts Needs Improvement Writing has spelling, punctuation, and grammatical errors that are distracting in some places. 5–6 errors present. 7.7 to >0 pts Unacceptable Writing has spelling, punctuation, and grammatical errors, fragments, comma splices and run-ons that distract from the message. More than 6 errors. |
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