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UNIT #5 – SPENDING

ASSIGNMENT: K M – Getting a Credit Card – MATH AND READING QUIZ

KNOWLEDGE MATTERS HINTS:

LESSON: Investing for Retirement

GOAL: 

Contribute 15% of your salary to your 401K. Run the sim forward until you achieve a retirement portfolio value of at least $20,000.

SOLUTION:

After increasing your 401K payroll deduction to 15% as described in the lesson instructions, run the sim forward through early 2024 when you will achieve the goal.

LESSON: Risk vs Return

GOAL: 

Invest an additional $1,000 in your Finality U.S. stock fund and run the simulation until your portfolio reaches $4,000 in value.

SOLUTION:

Purchase $1,000 of the Finality US Stock Fund. Run the sim forward into 2025 when the goal is met.