Assignment Questions:
“What do individuals need to do to be prepared economically for their older years?”
- Identify the age that you are starting from and how long this individual will be able to plan for retirement, etc.
- Be specific in your responses. Utilize information available on-line, from investment firms, from older relatives/friends, etc.
Using Census data respond to the following questions and/or activities. Please provide a 1-2 paragraph discussion of each topic. Be sure and provide as much detail as possible.
What is the annual median or average income for a person over 65 years of age?
- What are the monthly expenses based on the income listed.
- Provide as much detail as possible and be sure to include all medical expenses, withholdings/taxes/insurance costs, etc. Don’t be afraid to use tables to present your information.
What is the initial assessment of an average elderly individual’s financial situation?
- Illustrate the economic impact of having a significant other versus the death of a significant other.
What are your conclusions after completing this exercise and reviewing your text? What surprised you the most about this assignment?
Assignment Framework:
- 2 pages in length. You may submit a response longer than this minimum.
- Continue to work on removing the use of first person in your research writing. Use phrases like….The average income of an individual over 65 in Alabama is…….The elderly’s expenses vary when compared to individuals in their 20’s, 30’s, or 40’s……..
- Support your information by citing all sources.
- Use APA style .
- You should have a minimum of three references.
- Double space the document, one-inch margins
- Use 12-point font, Times New Roman
- Consider the use of headings and focus on the organization of your information and thoughts.