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Chapter 12 Enhancing Decision Making 511

Improving Decision Making: Using a Web-Based DSS for Retirement
Planning

Software skills: Internet-based software
Business skills: Financial planning
This project will help develop your skills in using Web-based DSS for financial planning.
The Web sites for CNN Money and Kiplinger feature Web-based DSS for financial planning and decision
making. Select either site to plan for retirement. Use your chosen site to determine how much you need to
save to have enough income for your retirement. Assume that you are 50 years old and plan to retire in 16
years. You have one dependant and $100,000 in savings. Your current annual income is $85,000. Your goal is
to be able to generate an annual retirement income of $60,000, including Social Security benefit payments.
Use the Web site you have selected to determine how much money you need to save to help you achieve
your retirement goal. To calculate your estimated Social Security benefit, use the Quick Calculator at the
Social Security Administration Web site
Critique the site—its ease of use, its clarity, the value of any conclusions reached, and the extent to which
the site helps investors understand their financial needs and the financial markets.

Video Cases

Video Cases and Instructional Videos illustrating some of the concepts in this chapter are available. Contact your
instructor to access these videos.

Collaboration and Teamwork Project

In MyMISLab, you will find a Collaboration and Teamwork Project dealing with the concepts in this chapter.
You will be able to use Google Sites, Google Docs, and other open source collaboration tools to complete the
assignment.

MIS_13_Ch_12 global.indd 511 1/17/2013 2:30:35 PM