Determine her retirement plan

Assignment Help Financial Accounting

Reference no: EM1375343

Kim is determining her retirement plan. Consider she has $500,000 when she retires in an account that earns at an effective annual rate of 9 percent.

a If Kim withdraws $75,000 yearly, how long will her funds last?

b To make funds last 25 years, evaluate how much can Kim withdraw yearly?

c Kim is considering a two phase withdrawal where she withdraws $60,000 yearly for 10 years, and then $35,000 thereafter when social security starts. How long will her funds last consider that the 9% rate of return (EAR) is accurate for both phases of the retirement plan.

Reference no: EM1375343

Questions Cloud

Was reallocation of fixed costs across divisions unethical : If a division is reporting losses, does that essentially mean that it should be closed and was reallocation of fixed costs across divisions unethical?

Examine full-cost and variable-cost transfer : Examine the effect of both full-cost and variable-cost transfer pricing methods on Phipps' cash flows using a spreadsheet program such as Excel.

Determination of the absolute and comparative advantage : Suppose that the following output and labor hours for Russia and Germany in manufacturing Wheat and Cloths

Illustrate what degree does vertical integration exist : Be as creative also innovative as you need. Imagine which you are one of his top advisors also which he will take your suggestions seriously." Tour C & D A batch flow process also A machine paced line flow process, illustrate what degree does ver..

Determine her retirement plan : Kim is determining her retirement plan. Consider she has $500,000 when she retires in an account that earns at an effective annual rate of 9 percent.

Describe the availability in each of these cases : Critique the work breakdown structure (WBS) created by the private organization also recommend three or four alterations you would make to the WBS also why.

Interests of the various stakeholders : For multinational corporations, friction expenses occur where practices of the company are seen through the public as exploitative or unethical.

Evaluate what is most nellie should pay for the bond : Evaluate what is the most Nellie should pay for the bond - Nellie is determining a potential bond purchase that seller purchased 12 years ago for $4,000. The bond matures 8 years from today.

Explain how to put in place a beverage price control hotel : After some quality complaints, the organization has decided to increase its use of chemicals by 50percent. By illustrate what percent has multifactor productivity fallen. Explain how to put in place a beverage price control for hotel.

User Account

All Pages