UGBA 10 Lecture Notes - Lecture 10: Pus, United States Treasury Security, Defined Contribution Plan

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 10
• Professor: Briginshaw

Document Summary

Human capital is most important of all your career is your fundamental source of value to fund your investments, maximize your capabilities, there is no efficient market for your services. You have to position yourself, network, and negotiate to maximize your personal value. Themes increasing reliance on self-directed investments, difficult time to make investment decisions, can"t trust brokers to work in your interests. Many ppl are on the sidelines avg ira balance is 92,600 equates to ,700 a year retirement income. 38 million working age households (45%) have zero. 52% of elderly married couples and 74% of single older americans depend on social security for more than half of their income. Independent contractor model little or no provision for pensions and benefits. Prov a known post retirement income, generally a percentage of final salary per ear of employment with organization. Characteristic of local, state, and federal government employment incl emergency services. Invests the employee"s contribution pus usually an employer contribution.