Consider that you have decided to quantify many of the aspects required for financial planning on a personal basis.

Consider that you have decided to quantify many of the aspects required for financial planning on a personal basis. Accordingly, using your age as of the first day of next month, make all the appropriate assumptions as to discount rates to use, inflation rates and any other variables you may need and explain your rationale. Use the methodology described in the course and the videos. It is important that you lead the discussion and explanation of the plan so it would be understood by a reader of the document. Required: 1. You have decided to take control of your financial situation and do some long term planning. Using your age as of the first day of next month, calculate how much you will have to save monthly to achieve your goal of a comfortable retirement, Include all sources of possible income including Government Social Security income etc. 2. What difference will starting 5 years from now make? 3. What difference would earning 200 basis points (29%) more on your investments in Question 1 make? 4. What difference would an increase in inflation of 75 basis points (0.7596)in Question 1 make?