Road to Retirement: Navigating the World of Retirement Planning with Talia Cont.

Talia is interested in the stock market. She has picked up a few things in her career and knows how to read stock charts and tables. She has decided to buy her first stock.

Talia buys [latex]120[/latex] shares in the XYD company for [latex]$15.50[/latex] per share. She wants to figure out how much money she could make if in a year, she sells those [latex]120[/latex] shares for [latex]$20.75[/latex] per share.

Talia’s investment strategy isn’t just about her 401(k) or her investment portfolio. It’s also about understanding the role of Social Security benefits in her retirement plan.

By helping Talia, you’re reinforcing your understanding of retirement planning and its key aspects, which are crucial for your own financial future. Consider your retirement savings right now. Do you have a 401(k) through your employer? Do you have an IRA (either traditional or Roth) that you started on your own? Do you have money in a another form of longer term saving or investment? It is never too early or too late to start planning for retirement.