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EGR 403 Introduction to Retirement Planning

Learn essential concepts of retirement planning, determine capital needed, savings & investment strategies. Accompanied by an audio presentation. Disclaimer: Not a replacement for licensed financial advice.

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EGR 403 Introduction to Retirement Planning

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  1. EGR 403 Introduction to Retirement Planning • Part I - Basic Approach • Part II - Determine Total Capital to Invest • Part III - Saving Strategy • Part IV - Investment Strategy Click here for streaming audio to accompany presentation Dr. Phillip R. Rosenkrantz IME Department, Cal Poly Pomona EGR 403 Retirement Planning - Part I

  2. Disclaimer • This class project is not intended to replace the advice and counsel of licensed financial planners. It is primarily a class exercise to illustrate the concepts of EGR 403. The approach used is based largely on the book: “How to Retire Early and Live Well (with less than $1,000,000)” by Gillette Edmunds EGR 403 Retirement Planning - Part I

  3. Variables to Determine How Much You Need to Live On • Total Expenses per year • Total Capital to invest • Future increases in expenses • Estimated rate(s) of inflation • Investment management fees • Annual total return from investments EGR 403 Retirement Planning - Part I

  4. Basic Retirement CFD EGR 403 Retirement Planning - Part I

  5. Where to Start? • How much, in today’s dollars, will you need to retire in the manner you desire? • When would you like to retire? • Will you have any pension fund or part-time income at that time? • What inflation rate do you want to use? • What kind of an investment manager are you? EGR 403 Retirement Planning - Part I

  6. Our Approach • Figure out how much you want to have at retirement, then • Work backwards to determine how much you need to save starting now. • Analyze the impact of changes in your assumptions (sensitivity analysis) EGR 403 Retirement Planning - Part I

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