Assignment #3- Personal Financial Plan

Choosing a Retirement Plan (10 points)

 

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Congratulations! You have just graduated from college and are seeking your first full time position. Choosing your workplace investment choices to fund your retirement is essential to planning successfully for your future.

 

Research two potential full time employers and find out what options you will have to choose from based on their retirement plan. This can be an organization/company that you have been hired at after college, are currently interviewing at, or are just generally interested in working at after you complete your degree. If you do not have an idea of two potential employers, a list of four sample employers HR websites are included in D2L for youto use.

 

*Sometimes employers can be vague in what they provide to prospective employees. The information listed below contains the type of information you may find on a prospective employer website. However, sometime this information is not available or vague in its description. If this is the case, please state not available.

 

Complete the attached chart to analyze two future potential employers. (3 points)

  Employer #1(1.5 points) Employer #2(1.5 points)
Name of Company and Company Website
Type of Retirement Plans 

 

Employer Match? How much?
Vesting Requirements
Maximum Amount that can be Invested/Year
Education/Support Services Available?
Who is eligible to participate?
When can you withdraw the funds?
Other Important Attributes

 

After completing the chart, provide your responses to the following questions. (Total: 7 points)

 

1)Analyze the retirement options that you chose. This analysis should include(5 points):

  1. Identify and describe the attributes of each employer’s retirement plan.
  2. Identify and explain one main advantage and disadvantage of each plan.
  3. Identify and explain which employer you felt offers the better retirement benefits.Why?

 

2)If you could identify one lesson learned about retirement planning, what would it be? Why is this lesson important? (2 points)

 

 

Analyzing Your Investment Choices (10 Points)

 

Based on the already identified investment choices you selected in Assignment #2, please complete the chart below to re-assess your investment options.(2.5 points)

 

Mutual Fund #1 (.5 points) Mutual Fund #2 (.5 points)
Mutual Fund Name/Symbol(i.e. Capital Growth Fund) and (i.e. ABCDE) and (i.e. capital appreciation)
Net Asset Value listed on Assignment #2(used on last assignment)(i.e. Price of the fund – 22.45)
NEW – Net Asset Value – collected between April 2nd through April 9th

 

Stock (1.5 points)
Stock Name and Symbol(i.e. Google Stock; GOOG)
Stock Price listed on Assignment #2 (i.e. Price of the stock – 22.45)
NEW – Stock Price – collected between April 2nd and April 9th
Potential Return: (1 point)If you had purchased 25 shares of stock – what would be the total return on the share price between Assignment #2 and the NEW stock price (not including broker fees)?(i.e. $10/share on Assignment #2 and it is now $15/share; potential return = ($15 *25)-($10*25) = $125

 

*** You must attach your new source to this chart (i.e. print out of fund information should give you a current Mutual Fund NAV and Stock Price – this is the only information that I need to see.) (You do not have to attach the previous source used!) If there is no newsource attached, you will not receive points for the chart. ***

 

After completing the chart, provide your responses to the following questions. (Total: 7.5points)
Describe how the stock and two mutual funds that you researched in Assignment #2 haveperformed over the past few weeks. Include in your explanation an overview of howeach investment option has performedin comparison to the greater market. Your analysis must include:

  • Identify howeach investment hasperformed (increased, decreased)
  • Explain how the market has performed (in general).
  • Identify each investment’s performance in comparison to the greater market.
  • Would you choose differently now that you have seen how this investment has performed over the last month? Why or why not?

 

 

HDFS 238 Personal Finance

Assignment #3

Rubric for Investment Retirement Analysis

DUE: April 9, 2015

 

Requirement Points Possible Did you complete this?
Choosing a Retirement Plan –   Chart

  • Employer #1
  • Employer #2
3  
Choosing a Retirement Plan – Analysis

  • Identify and describe the attributes of each employer’s retirement plan
  • Identify and explain one main advantage and disadvantage of each plan
  • Identify and explain which employer you felt offers the better retirement benefits. Why do you feel this way?
  • If you could identify one lesson learned about retirement planning, what would it be? Why is this lesson important?
7  
Analyzing Your Investment Choices – Chart

  • Mutual Fund #1 (Name, Symbol, Old and New NAV)
  • Mutual Fund #2 (Name, Symbol, Old and New NAV)
  • Stock (Name, Symbol, Old and New Price and

Potential Return

2.5  
Analyzing Your Investment Choices – Analysis

  • Identify how each investment has performed
  • Explain how the market has performed
  • Identify each investment’s performance in comparison to the market
  • Would you choose differently now that you have seen how this investment hasperformed over the last month? Why or why not?
7.5  

 

Assignment should be: double spaced and stapled

You will lose points if you do not follow this format (-.25 for no staple, -.25 for no double space). There is no maximum or minimum page limit. Full credit will be given to students that answer the questions asked and explain their responses. You must include the above chart and your new source for each of the investments highlighted.

 

Any questions – please contact Dr. Tobe at tobee@msu.edu or Ms. Cho at chosook@msu.edu. Good luck!

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