This project is due on Thursday, May 5th at 8 am. (Pacific time) Retirement is a long way away for almost all FIN 296 students This project involves making investment decisions for retirement savings as if you were currently starting. You need to select an investment firm from four large no-load mutual fund families, evaluate their websites, and choose investment products based on your risk tolerance, account type, and investment preferences. Specifically, you should: Spend ten minutes exploring the four selected firms' websites to decide which is easiest to navigate for your needs. Select either a Roth or Traditional retirement account (IRA, 401(k), or 403(b)), and justify your choice based on your current situation. Determine whether to invest in active funds or passive (index) funds, providing reasons for your decision. Decide between exchange-traded funds (ETFs) or mutual funds, explaining your reasoning. If choosing mutual funds, decide whether to use target date funds, balanced funds, or a portfolio of individual funds, and explain your selection. Describe whether you would select a single fund or a diversified portfolio, including the characteristics of the funds chosen. Estimate the age you start working, your retirement age, and your life expectancy (these are not to be explained, just assumed). Estimate your monthly savings contribution. Use a calculator to estimate your total savings at retirement, assuming a rate of return between 2% and 5%, reflecting your risk appetite. Calculate your potential monthly retirement withdrawal, maintaining the same rate of return assumption. Rationalize your decisions fully, emphasizing your logic and rationale throughout.
Paper For Above instruction Introduction