[SOLVED] Planning for Retirement
Insurance, including all of the types of insurance listed below in #1 and all of the insurance factors below in #2. Investing, including all of the investment factors listed in #3 below. Insurance Types of Insurance to be discussed (make a heading for each of the types of insurance in your discussion) Auto, including COLLISION, COMPREHENSIVE, LIABILITY Health Homeowners or renters (whichever applies to you) Life (compare whole life with term life and which do you think is better) Factors to discuss for each type of insurance: Insurance type Type of loss covered Likelihood that your financial health would be in jeopardy if the insured event occurs (consider the greatest type of event covered by each insurance for example, your car is totaled). Where could you get a start at identifying values? Likelihood that you and your family may encounter this type of loss. Is this type of insurance required by any aspect of Government, your bank, or other legally binding requirement? Why you should or should not purchase this type of insurance. Investing Next, read, study, and take notes on all eight sections of the Investopedia: An Introduction (Note – the Investopedia sections that relate to the topics are in parentheses after the questions.) How would you characterize your risk tolerance? (https://www.investopedia.com/terms/r/risktolerance.asp) Give a brief description of Bonds, Stocks, Mutual funds, and one Alternative Investment (https://www.investopedia.com/articles/basics/11/3-s-simple-investing.asp) Briefly explain diversification in the context of an individual’s investment portfolio (https://www.investopedia.com/terms/d/diversification.asp).