4. Analyze how fiscal and monetary policies may impact retirement plans.

a. Research how changes in fiscal policy and monetary policy can impact retirement savings.

b. This research should include how changes in policies, including interest rates, tax rates, and policies that impact savings (IRAs, 401k), can impact retirement plans.

5. Evaluate the implications of the time value of money with respect to saving for retirement. Support the answer with specific examples and explanations.

Sample Solution

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