1. Why should you plan for retirement now?
2. What are 2 different ways that you can save for retirement and what are the benefits of these methods?
3. Why is it important to make sure your retirement account has compounded interest?
4. What is one example of something you could do in the next 5 years to start saving for retirement?
5. What advice you would give to a friend or family member who is thinking of retiring soon? (Right answer only please) :)

Answers

Answer 1

1. Because if you have a plan early then you can start saving early, which increases the amount you will have. The future is also unpredictable

2. Set aside money over a set period (put aside money each month, year). You can set up a plan through your employer ie 401K, or set up an individual retirement plan (IRA). Your employer takes a percentage you choose out of your check each month (commonly 3%, 5%, %10, 15%). The money is taken from your paycheck before taxes therefore it lowers your income and you pay less in taxes. An IRA is similar to a bank account as you choose when and how much you put in over time. Both can be withdrawn at 59 1/2.

3. Compound interest essentially earns you more money for retirement. It can be important because you earn more than with regular interest.

4. Start balancing expenses, make a plan for retirement and practicing saving. It would also be beneficial to start setting aside money for retirement even if you haven't opened an account yet.

5. Make sure you can comfortably live off of your retirement. If you can't it would be best to maximize your retirement and savings, or consider working seasonally or part-time


Related Questions

PLEASE HELP!!!
A golfer hits a ball with an initial velocity of 32.7 m/s from the ground. Find the following (round all answers to 2 decimal places...no units):

When does the ball hit the ground? ___

What is the highest height the ball goes? ___

When does the ball reach its max height? ___

How high is the ball after 4.3 seconds? ___

When is the ball 24 meters off the ground? ___ and ___ (enter the smaller value first)

Answers

Answer: 1. it doesnt since the velocity is so high, it will land in the water.

2. the ball goes about 500 feet in the air.

3. the ball reaches its max height when it starts to go down

4. the ball is at 250 since it takes 8.6 seconds for it to reach 500 feet

Step-by-step explanation:

A first number plus twice a second number is 5. Twice the first number plus the second totals 13. Find the numbers.

Answers

Let a and b = the numbers we must find.

a + 2b = 5.....Equation A

2a + b = 13.......Equation B

We have a system of equations in two variables.

I will solve A for little a.

a + 2b = 5

a = 5 - 2b

Now I will plug 5 - 2b for a in B.

2(5 - 2b) + b = 13

10 - 4b + b = 13

-3b = 3

b = -1

To find a, replace b with -1 in EITHER A or B.

I will use Equation A.

a + 2b = 5

a + 2(-1) = 5

a - 2 = 5

a = 7

The two numbers are -1 and 7.

Understand?

A youth group earns $600 for charity and decides to put it in a bank. Calculate the amount of money the group will have for each scenario.

Part A chase bank pays simple interest at 5% and the group leaves the money for 5 years
part B witney bank pays an interest rate of 4% compounded annually and the group leaves the money for 6 years

Answers

Based on the types of compounding and the interest rates, the following are true:

Part A - The group will have $750Part B - The group will have $759.19

When using simple interest, the amount the group will have is:

= Amount x ( 1 + rate x number of years )

= 600 x ( 1 + 5% x 5)

= $750

When using compound interest, the group will have:

= Amount x ( 1 + rate) ^ Number of years

= 600 x ( 1 + 4%)⁶

= $759.19

In conclusion, compound interest yields more.

Find out more about compound interest at https://brainly.com/question/25263325.

What is the perimeter of â–łJKL? 6 9. 5 11. 5 19.

Answers

The perimeter of the rectangle IJKL is 16units.

Since we are not given a diagram, we can assume the diagram is a rectangle IJKL with the following parameters:

Length = 3 units

Width = 5 units

The formula for finding the perimeter of a rectangle is expressed as:

P = 2(L + W)

Substitute the given values to have:

P = 2(3 + 5)

P = 2(8)

P = 16 units

Hence the perimeter of the rectangle IJKL is 16units.

Note that this formula is applicable to any rectangle given.

Learn about perimeter of shapes here: https://brainly.com/question/303508

(2/3)³ in simplist form

Answers

2/3 * 2/3 * 2/3
I think

Answer:

[tex]\frac{8}{27}[/tex]

Step-by-step explanation:

2³ = 2 × 2 × 2 = 8

3³ = 3 × 3 × 3 = 27

( [tex]\frac{2}{3}[/tex] )³

= [tex]\frac{2^3}{3^3}[/tex]

= [tex]\frac{8}{27}[/tex]

2.48 rounded to the nearest hundredth pl

Answers

Answer:

2.50

Step-by-step explanation:

2.50 might be the answer

Tell me which option is correct: (0,m) (b,0) (m,0) (0,b) which one of those

Answers

Answer:

search-icon-header

Search for questions & chapters

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Class 11

>>Physics

>>Units and Measurement

>>Errors in Measurement

>>You measure two quantities ...

Question

Bookmark

You measure two quantities as A=1.0m±0.2m, B=2.0m±0.2m. We should report correct value for

AB

as

Medium

Solution

verified

Verified by Toppr

Correct option is

D

1.4m±0.2m

Here, A=1.0m±0.2m, B=2.0m±0.2m

AB=(1.0m)(2.0m)=2.0m

2

AB

=

2.0m

=1.414m

Rounding off to two significant figures, we get

AB

=1.4m

AB

ΔAB

=

2

1

(

A

ΔA

+

B

ΔB

)=

2

1

(

1.0

0.2

+

2.0

0.2

)=

2

0.3

Δ

AB

=

2

0.3

×

AB

=

2

0.3

×1.414=0.212m

Rounding off to one significant figure, we get

Δ

AB

=0.2m

The correct value for

AB

is 1.4m±0.2m

18. Layla conducted a science experiment. She ended up with 19 millimeters of the solution, But she thought she would end up with 16 millimeters. What was her percent error? Round to the nearest tenth.
A.-23.1%
B-15.8%
C.-17.4%
D-84.2%
PLEASE HELP ME!!!

Answers

Answer:

I'm pretty sure it's B. 15.8%

Step-by-step explanation:

It's closest to 3 and there is a difference of 3 between 19 and 16

Pls help I'm falling behind

Answers

this would be 2.7•10^5

a package of 9 batteries cost $4.72 what is the cost per battery

Answers

Answer: 1.90

Step-by-step explanation:

9/4.72= 1.90

Answer:

1.90

Step-by-step explanation:

9/4.72= 1.90

please help.
with the steps

Answers

Answer:

  -4/243

Step-by-step explanation:

Your calculator can do this.

You know that 3³ = 27 and (-3)³ = -27. You also know that 3² = 9, and that anything to the zero power is 1. With these facts, you can simplify the expression to ...

  [tex]\dfrac{\sqrt[3]{-27}-27^0}{3^3\times3^2}=\dfrac{-3-1}{27\times9}=\boxed{-\dfrac{4}{243}}[/tex]

Write an equation in slope-intercept form of the line that passes through the points.

Answers

Answer:

y=-2x

Step-by-step explanation:

M= y2-y1/x2-x1

  = 6-0/-3-0

  = 6/-3

 = -2

when X is 0 Y is also so C is 0

make w the subject of the formula

Answers

Answer:

w= [tex]\frac{y+1}{2+a}[/tex]

Step-by-step explanation:

y-aw=2w-1

y+1=2w+aw

y+1=w(2+a)

[tex]\frac{y+1}{2+a}[/tex]=w

what is the mean of the data set
14 19 18 12 22 15 16 14 14 21 20
A 15.75
B 16.00
C 16.75
D 19.50

Answers

I think it’s 16.75 between 16 and 18

pls help I really need it too pass I am begging

Answers

Answer:

Lateral : 103.67 in²

Total : 864 in²

Step-by-step explanation: there you go

Ryan, Alec and Amani went to ShopRite to buy boxes of fruit. Ryan bought 2 boxes of strawberries, 1 box of apples, and 4 boxes of blueberries for $34. Alec bought 3 boxes of strawberries, 2 boxes of apples, and 2 boxes of blueberries for $35. Amani bought 5 boxes of strawberries, 3 boxes of apples, and 2 boxes of blueberries for $49. How much does an individual box of strawberries, apples, and blueberries cost?

Answers

Answer:

5.

Step-by-step explanation:

First, we need to add all the number of baskets Ryan bought first. The equation should look something like this;

34÷(2+1+3)

Our answer is 4.8571428571. However, to put it in simplest terms, we can just say 4.85.

Now, we just keep changing up the numbers but with the same division we were using for Ryan's price on the fruit.

Alec's: 35÷(3+2+2)=5

Amani's: 49÷(5+3+2)=4.9

Notice how all the answers we get answers related to 5. If we all round the numbers, we actually get 5!

So, I believe your answer is 5. I'm terribly sorry if I'm incorrect. (If I am, I will try to fix it in the comments for you)

Let w = 4. Enter >, <, or = to compare the expressions. 3w² + 1 10w + 8

Answers

Answer: ≥ without the line on the bottom.

Step-by-step explanation:

I am assuming the expression you are talking about are

[tex]3w^{2} +1[/tex] and [tex]10w+8[/tex].

If we were to replace w with 4 and calculate, we will find the answer:

[tex]3*4^{2} +1=3*16+1=48+1=49[/tex]

[tex]10*4+8=40+8=48[/tex]

Since the first expression, [tex]3w^{2} +1[/tex], is bigger than the second expression, the correct symbol to use is ≥ without the line on the bottom.

Mr. Rossi works 20 days a month. How far does he drive in a month?

Answers

Answer:

No solution

Step-by-step explanation:

How should I kow how much he drove? I need at least one distance. Either your fooling me, or the person who gave you this question is. There is no solution.

explain how 984/616=123/77

Answers

They are equal because you can multiply the numerator and denominator of 123/77 by 8
And you get
984/616

Hope this helps!
Brainliest is much appreciated!

Answer:

984/616 is equal to 123/77 because it is simplified, also meaning reduced by finding the GCF (greatest common factor), which in this case is 8. So therefore, when you divide the numerator of 984 by 8, you get 123, and when you divide the denominator of 616 by 8 as well, you will get 77.

Shawna reduced the size of a rectangle to a height of 2 in. What is the new width if it was originally 24 in wide and 12 in tall?

Answers

Answer:

4 inches.

Step-by-step explanation:

The height of a rectangle is reduced by Shawna to a size of 2 inches.

The original width of the rectangle was 24 inches and the height was 12 inches.

If the ratio of width to height remains the same, then we can find the new width.

If the new width is x inches then, we can write

[tex]\frac{x}{2} = \frac{24}{12}[/tex]

⇒ x = 4 inches. (Answer)

Answer:

the new width is 14

Step-by-step explanation:

original height 12

12-2= 10 (the amount that was taken away to get the new height)

24- 10= 14 ( the new width)

A total of 379 tickets were sold for the school play. They were either adult tickets or student tickets. There were 71 fewer student tickets sold than adult tickets. How many adult tickets were sold?

Answers

A total of 225 tickets were sold to adults for the school play.

How many tickets were sold to adults?

In this problem we see the case of 379 tickets being sold to adults and students and there was 71 tickets more sold to adults. This situation is defined by following equations:

x + y = 379

x + 71 = y

Where:

x - Tickets sold to students.y - Tickets sold to adults.

Now we proceed to solve the system of linear equations:

x + (x + 71) = 379

2 · x = 308

x = 154

And the number of tickets sold to adults is:

y = x + 71

y = 154 + 71

y = 225

To learn more on systems of linear equations: https://brainly.com/question/21292369

#SPJ1

To join the tennis club, there is a $18.50 initial fee and a $1.10 yearly fee. What would be the value of the y-intercept in this situation?

Answers

Y = 18.50

Please tell me if it is right XD <3

how to solve 15=6+2(n-3) + 3n

Answers

Step-by-step explanation:

15 = 6 + 2(n-3) + 3n

or, 15 = 6 + 2n - 6 + 3n

or, 15 = 6 - 6 + 2n + 3n

or, 15 = 0 + 5n

or, 15 = 5n

or, 15/5 = n

or, 3 = n

;- n = 3.....

I Hope that this will Help you...!!!

Sarahi has p number of pencils, if she finds 2 more and then triples her amount she still has less than Damaris
who has 40. Write an inequality for how many pencils Sarahi has.

Answers

Answer:

I believe the inequality would be: p+2x3<40

Step-by-step explanation:

Not exactly sure if it is correct but p (number of pencils Sarahi has) added too the 2 more she finds, and then x3 (when she triples her amount). This is less then (<) what Damaris has (which is 40) so it would be p+2x3<40.

Again not sure if its completely correct, but i hope it helps :,)

is 8/24 greater or 8/20

Answers

Answer:

8/20

Step-by-step explanation:

the 8s may be the same, but because the denominator 20 is smaller than 24, 8 takes up more of it. another way to check is that 8/24 as a decimal is .33 repeating, but 8/20 as a decimal is 0.4.

0.4 is more than .33 repeating. reaffirming that 8/20 is bigger

How do I write two time the quotient of a number and two

Answers

You write it as 2x/2 ( 2x divided by 2)

Answer:

2(quotient of x) + 2..............

16. (-4, -3), (-2, 2)

Answers

Answer:

16. 5/2

Step-by-step explanation:

Rise/run

2- (-3)=5

-2- (-4)=2

rise/run= 5/2 (Five over two)

i need help on all of this please

Answers

Answer:

Step-by-step explanation: the answer is 69-123

−3.6−1.9t+1.2+5.1t

Khan academy pls help

Answers

Answer:

3.2t - 2.4

Step-by-step explanation:

if f(x)= 3x+1 and g(x)= x^2-6 FIND (f+g)(x)

Answers

Answer:

-x² + 3x + 7

Step-by-step explanation:

• f(x) = 3x + 1

• g(x) = x² - 6

Then,

According to th' question :-

(f - g)(x) = f(x) - g(x)

= 3x + 1 - (x² - 6)

= 3x + 1 - x² + 6

= -x² + 3x + 7

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