Publication Date

Spring 4-17-2026

School

School of Business

Major

Business: Finance

Keywords

Retirement, Financial Planning, Monte Carlo, Social Security, Variables, Solve Rates, Retirement Planning, 401k, Investing, Assets, Asset Allocation, Target Date Fund, Medicare, Medicaid, Long-term care, Case Study, Example

Disciplines

Finance and Financial Management

Abstract

Many retirees in America do not understand the variables and important decisions that go into a retirement plan. These variables, however, have a significant effect on any retiree’s financial wellbeing. This case study explains such variables and decisions, as well as the various rules and regulations from the United States Government around the decisions. It then applies this knowledge of variables and regulations in a practical manner by analyzing a specific case study of a middle-class couple nearing retirement. This analysis includes in-depth projections for the couple’s specific situation which would traditionally be created with the expertise of a financial advisor using financial planning software. Specific retirement recommendations and changes are applied to the plan variables, and their effect on the overall retirement plan is analyzed and discussed. The case study demonstrates that small changes in retirement variables have a drastic impact on an overall retirement plan.

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