Posted: June 18th, 2015
HDFS 238 Personal Finance
Assignment #3- Personal Financial Plan
Assignment Due: June 29, 2015 at 11:59 AM
Maximum Points: 20 points
Part A: Choosing a Retirement Plan (10 points)
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 you to 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)
|Name of Company and Company Website
|Type of Retirement Plans
|Employer Match? How much?
|Education/Support Services Available?
|Who can participate?
|Other Important Attributes
After completing the chart, provide your responses to the following questions. (Total: 7 points)
Part B: Applying Financial Skills to Your Life (10 total points)
Since this is an applied course, a final aspect of the course will be to practice the financial skills presented in this course and apply them to your life. This assignment will require you to:
For the purpose of this assignment, you may choose to interview one of the following:
If you choose a Video Reflection – it should address:
Post the video on youtube and provide a link for us to view the video (Do NOT attach the video to dropbox for us to view.)
If you choose a one – two page, double spaced paper, it should include the following:
HDFS 238 Personal Finance
Rubric for Investment Retirement Analysis
DUE: June 29, 2015
|Did you complete this?
|Choosing a Retirement Plan – Chart
• Employer #1
• Employer #2
|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?
|Applying Financial Skills to Your Life
Interview a financial professional (from list – see directions) and develop either a short (5 minute) video reflection OR 1-2 page, double spaced reflection paper of the experience. Either format should address:
• Identify and describe the two take away messages in your own words
• Provide a short reflection on the experience from your perspective (What did you learn from talking with this individual? How will knowing this information benefit you in the future? What did you think of this assignment – was it beneficial?)
Assignment should be:
There is no maximum or minimum page limit. Full credit will be given to students that answer the questions asked and explain their responses.
Place an order in 3 easy steps. Takes less than 5 mins.