Glencoe Accounting

Chapter 19: Financial Statements for a Corporation

Making It Personal

The Motley Fool, 5 Retirement Must-Knows

In only a few years, you will be earning a salary at a full-time job. You will be creating the lifestyle you have always dreamed of. In addition, you will need to envision the lifestyle of your retirement. Whether your retirement years will be spent on a ranch in Montana or in a beachfront estate in Hawaii depends on how you save money now. Fool.com offers some tips for getting started in 5 Retirement Must-Knows.

Destination Title: The Motley Fool. 5 Retirement Must-Knows

www.fool.com/Retirement/Retirement01.htm

Guided Activity

Start at the 5 Retirement Must-Knows Web site. Record your answers to these questions separately.

1. Scroll down to the chart, The Value of Starting Early. What is the amount accumulated at age 65 for the investor who started at age 25? What is the amount accumulated for the investor who started at 55?
2. Read the remainder of the information on this Web page. What is market risk?
3. What type of investment is recommended for the best long-term return?
4. At what age do you think you will begin saving for your retirement? Explain your answer.