Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Retirement Planning Info: An individual is currently 30 years old and she is planning her financial needs upon retirement. She will retire at age 65 (exactly 35 years from now) and she plans on funding 20 years of retirement with her investments. Ignore any social security payments and ignore any taxes. She made $81,000 last year and she estimates she will need 75% of her current income in today's dollars to live on when she retires. She believes that inflation will average 2 percent per year during her working years. (For simplicity we will ignore inflation during her retirement years). She will retire at age 65 and will begin drawing down her retirement annuity at age 65. She plans on making a total of 20 annual withdrawals after she retires. After she retires she believes she will be able to earn 6 percent per year. If she puts her money in a blended stock and bond portfolio now, she figures she can earn 9.5 percent per year until she retires.
Income during retirement1) How much money will she need to withdraw each year starting at age 65 to have the same purchasing power as today?
Amount Needed at Retirement2) How much money must she have at age 65 in order to make her planned withdrawals?
3) How much should she save per year starting right now in order to have the retirement annuity she desires?
Compute the after-tax profit of Falcon.Com separately for both the (1) FIFO and (2) LIFO methods of inventory valuation assuming the company has no expenses other than cost of goods sold and its income tax rate is 50%. Taxes are accrued currently ..
What is the amount of bond discount amortization for the June 30, 2005, adjusting entry?
She receives a $6,000 distribution, and her share of S corporation items includes a $2,000 long-term capital gain and a $9,000 ordinary loss. Determine the effects of these events on AAA, stock basis, and AEP.
cardinal company is considering a project that would require a 2800000 investment in equipment with a useful life of
X corp issued a $100,000 5 year bond, stated interest rate on bond at 10% on January 1,2010. Interest is paid annually at the end of the year. the market interest rate was 7%.
Assuming the only changes in retained earnings in 2009 were for net income and a $50,000 dividend, what was net income for 2009?
the balanced scorecard integrates financial and nonfinancial measures that relate to four perspectives financial
Briefly summarize the accounting techniques used by Cendant to manipulate financial results. Categorize each technique into one of Schilit's financial shenanigans.
assume a company produces and sells 4 different products. each product sells for a different amount has different
which one of the following is a true statement about incremental analysis?it is another name for capital budgeting.it
necklaces bracelets and earrings. although styles within each line vary the average unit selling price and unit cost is
What are the differences in reporting guidance in a for-profit and not-for-profit organization? What are the similarities in reporting guidance in a for-profit and not-for-profit organization? How do these differences and similarities affect the c..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd