Business, 22.11.2019 02:31 markkessler7149

At your age (assume 20) you can assume that you will live to be 100. if you graduate at 23 and start to work, you can expect to work for 47 years, until age 70. at that time you will be eligible for full social security benefits, which can reasonably be expected to be $3,000 per month, and which will be received monthly for the rest of your life. you can reasonably expect that your retirement savings will earn an average of 8 percent per year throughout the period that you accumulate your retirement funding and during your retirement years. further assume that you will want to have an annual income of $120,000 throughout your retirement.

ignoring inflation in all calculations, how much will you need to have saved at retirement in order to be able to fund your retirement?
how much will you have to save each year in order to fund this amount if you start at 23?
how much will you have to save each year in order to fund this amount if you start at 25?
how much will you have to save each year in order to fund this amount if you start at 30?
how much will you have to save each year in order to fund this amount if you start at 40?
briefly explain how you think those funds should be managed. that is, suggest a reasonable overall plan to achieve your goal, using all of the tools we have considered throughout the course.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:00, dasiaflowers85

Identifying transactions national park tours co. is a travel agency. the nine transactions recorded by national park tours during may 2019, its first month of operations, are indicated in the following t accounts: cash (1) 75,000 (2) 900 (7) 8,150 (3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 accounts receivable (5) 12,300 (7) 8,150 supplies (2) 900 (8) 660 equipment (3) 8,000 accounts payable (6) 2,700 (3) 6,400 beth worley, capital (1) 75,000 beth worley, drawing (9) 2,500 fees earned (5) 12,300 operating expenses (4) 6,280 (8) 660 indicate for each debit and each credit (a) whether an asset, liability, owner's equity, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or decreased account debited account credited transaction type effect type effect (1) (2) (3) (4) (5) (6) (7) (8) (9)

Answers: 3

continue

Business, 22.06.2019 05:10, lorrainetakai1738

Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp

Answers: 2

continue

Business, 22.06.2019 07:30, SophomoreSareke

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

Answers: 3

continue

Business, 22.06.2019 16:00, bossboybaker

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

Answers: 1

continue

You know the right answer?

At your age (assume 20) you can assume that you will live to be 100. if you graduate at 23 and start...