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🤖 GPT
Are you looking for a retirement plan that best suits your needs? This prompt can help!
It takes into account your current financial and retirement goals, and it will generate a comprehensive retirement plan tailored to your individual needs.
So if you want to ensure that you have the best retirement plan, order this prompt and start planning for a secure future!
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Over 1 month ago
Prompt Details
Model
Chat - GPT-3.5 (gpt-3.5-turbo)
Token size
244 ($0.00050 / call)
Example input
1. Age: 35
2. Retirement Age: 65
3. Retirement Income: $50,000
4. Current Savings: $50,000
5. Risk Tolerance: 3
6. Investment Horizon: 30 years
Example output
Recommended Savings Amount: $10,000 per year
Investment Strategies:
Given the client's risk tolerance of 3, we recommend a diversified portfolio with a mix of stocks and bonds. The recommended asset allocation breakdown is:
- 60% stocks
- 30% bonds
- 10% cash
To achieve this asset allocation, we suggest the following investments:
- Vanguard Total Stock Market Index Fund (VTSAX) - 40%
- iShares Core U.S. Aggregate Bond ETF (AGG) - 30%
- Vanguard Cash Reserves Federal Money Market Fund (VMFXX) - 10%
- Vanguard Total International Stock Index Fund (VTIAX) - 20%
Retirement Timeline:
- Now: We recommend contributing $10,000 per year to a tax-advantaged retirement account such as a 401(k) or IRA.
- Age 45: Increase contributions to $15,000 per year if possible.
- Age 50: Review retirement plan progress and adjust investments if necessary.
- Age 55: If possible, consider retiring early and reducing working hours to part-time.
- Age 59 1/2: Consider withdrawing from retirement accounts penalty-free.
- Age 65: Fully retire and start drawing from retirement accounts. With a retirement income goal of $50,000 per year, withdrawals of 4% of the retirement account balance annually should be sustainable.