Economics and Personal Finance ©2012Chapter 20:
Real Estate and Other InvestmentsNAF Case StudyPlan Your Financial Life (National Academy Foundation) After working 50 years, Ophelia and Jorge retired. They had planned to retire ten years earlier, but realized that they hadnt prepared as well as they should have for their retirement years. Now they are living on their savings, a small pension, and social security. At age 66, Ophelia and Jorge will probably live at least 20 more years. They are healthy and active. One of their worries, however, is how to make their savings and pension last the rest of their lives. They want to travel and visit their grandchildren who live all over the United States. Apply What can Ophelia and Jorge do to make their limited retirement dollars last for the next 20 years? If they were your parents, what would you tell them to do? |