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Retirement planning is full of many pitfalls. From not saving enough, to poor returns on savings,...

Retirement planning is full of many pitfalls. From not saving enough, to poor returns on savings, to poor tax planning, and unplanned "retirements". Pick one area of retirement planning and discuss what can go wrong and how to lower the likelihood of problems arising. (We are learning about the time value of money & valuation--must relate to this somehow).

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Retirement planning is a critical matter. It is also a matter of huge concern for elderly people. The time value of money states that the value of money today is more than the value of money in future. The value of money today is called present value of money and the value of money on a later date is called future value of money. The present value of money is more than the future value of money. In case of retirement planning, one has to be aware of the fact that in future the value of money will reduce. So one has to save more money today so that they have sufficient amount of money in future i.e. after retirement.

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