UGBA 10 Lecture Notes - Lecture 7: Cash Out, United States Treasury Security, Dont

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 10
• Professor: John Briginshaw

Document Summary

Ability to plan your financial resources and liabilities to achieve your life goals. Live a happy and productive life with limited stress. Career is fundamental source of value to fund your investments. Position yourself, network, and negotiate to maximize your personal value. Transfer of risk from employers to employees. It may be a difficult time to make investment decisions. Average ira balance ,600 - equates to a ,700 a year retirement income. 38m working age households (45%) have zero. Decreasing number of defined benefit pension schemes. Defined benefit: pension depends on # years you work. Defined contribution: pension depends on amount you save. 52% of elderly married couples and 74% of single older americans depend on. Social security for more than half of their income. Independent contractor model - little or no provision for pensions and benefits. Sum of money paid in by employee and/or company during the working life of the employee.