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Mirabella at ASU: Insight, Integration, and Impact of University Based Retirement Communities

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Through research, interviews, and analysis, our paper provides the local community with a resource that offers a comprehensive collection of insight into the Mirabella at ASU Life Plan Community and the projected impact it will have on the City of Tempe and Arizona State University.

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2021-05

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Mirabella at ASU: Insight, Integration and Impact of University Based Retirement Communities

Description

Through research, interviews, and analysis, our paper provides the local community with a resource that offers a comprehensive collection of insight into the Mirabella at ASU Life Plan Community and the projected impact it will have on the City of Tempe and Arizona State University.

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Agent

Created

Date Created
2021-05

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Mirabella at ASU: Insight, Integration, and Impact of University Based Retirement Communities

Description

Through research, interviews, and analysis, our paper provides the local community with a resource that offers a comprehensive collection of insight into the Mirabella at ASU Life Plan Community and the projected impact it will have on the City of Tempe and Arizona State University.

Contributors

Agent

Created

Date Created
2021-05

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Are current college undergraduates interested in saving for retirement?

Description

In an era where college undergraduates are spending five dollars on a cup of coffee and ten dollars on avocado toast, now seems like an appropriate time to reevaluate these questions:
• Are current college undergraduates interested in the idea

In an era where college undergraduates are spending five dollars on a cup of coffee and ten dollars on avocado toast, now seems like an appropriate time to reevaluate these questions:
• Are current college undergraduates interested in the idea of saving for retirement?
• Do they have realistic expectations about how much money they need to save in order to live comfortably during retirement?
• Are there differences in expectations between people who are interested in saving for retirement using traditional means and people who are interested in saving for retirement using the extreme-saving FIRE (Financial Independence Retire Early) method?

This paper examines students’ interest in the idea of saving for retirement through a series of lenses: demographics, financial retirement literacy, and expressed commitment to save for retirement. I hypothesized that traditional retirement expected savers and FIRE expected savers, who correctly answer financial retirement literacy questions, are realistic about how much money they will need to save in order to live comfortably during retirement. To investigate this, a survey was sent out to two ASU Tempe campus business classes; 171 completed responses were analyzed. The statistical analysis of the unfiltered survey results showed three findings, but one finding stood out the most: Students who know what a 401k is (Question 5 in Exhibit 1) are significantly more likely to plan on saving for retirement, when compared to students who don’t know what a 401k is.

When filtering survey results to only show responses from students who know what a 401k is, median responses show that traditional retirement expected savers are somewhat realistic with their retirement savings expectations, while FIRE expected savers are not realistic with their retirement savings expectations.

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Date Created
2020-05

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An Analysis on Multiple Economic and Social Changes that Occurred Within the United States from 1985 to 2019, and How Those Changes Affected the Average College Graduate’s (from 1985 verses 2019) Ability to Prepare for Retirement.

Description

The goal of this paper is to determine whether or not multiple economic and societal changes have or have not made retirement in America, an easier, or harder goal to achieve. My hypothesis is that these changes have created

The goal of this paper is to determine whether or not multiple economic and societal changes have or have not made retirement in America, an easier, or harder goal to achieve. My hypothesis is that these changes have created an environment in which retiring and preparing for retirement is much, much more difficult. The analysis considers multiple economic and social changes between May, 1985 and May, 2019, a 34-year span. <br/><br/>In this paper, I will be comparing the average 1985 college graduate to the average 2019 college graduate. The 8 major factors I look at are, annual salary, average student debt (assuming a 120-month repayment period), average housing cost (assuming a 360-month payment period), average car expenses (assuming a 60-month payment period), and average annual food, clothing, taxes and medical insurance costs. All of these figures look at the end points, looking at figures for the average 1985 graduate, and the figures for the average 2019 graduate. The 1985 figures are then put into 2019 dollars, and subtracted from the original salary figure. This will give us an objective way to compare savings, and therefore ability to save for retirement. <br/><br/>My analysis demonstrates that it is actually easier for people today to prepare for retirement than it was 34 years ago. The average 2019 graduate had $4,178.96 remaining at the end of a year. Comparatively, the 1985 graduate had a debt of $12,837.94. This is an effective difference of $17,016.91, benefiting the 2019 graduate by far.

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Date Created
2021-05