Part II: Planning for Retirement
1. Lynn has learned that she will need to save $1 million dollars to support her current
lifestyle if she retires in 15 years. Lynn had not thought about planning for retirement until
now. If she begins saving now, she will need to save approximately $67,000 per year.
Based on her annual income of $75,000, this goal is not attainable. How would Lynn's
retirement be affected if she had understood the importance of planning for retirement
earlier?

2. In three to four sentences, explain how you would develop a long-term investing strategy
to ensure that you will have a financially secure retirement.

PLEASE HELP! I WILL MARK YOU THE BRAINLIEST:)

An effective strategy to retirement includes setting goals, being aware of timing knowing when and how long it will take to save. Also, taking advantage of retirement savings options such as 401(k), IRA, or SEP plans, as well as understanding the impact of taxation and tax benefits. Lastly, staying on top of it all when you actually get there, and monitoring your progress every step of the way making adjustments when needed.

Explanation: