Reference no: EM131190104
Retirement Planning Worksheet
Step 1: Estimate your retirement income at: https://www.bankrate.com/calculators/retirement/retirement-plan-income-calculator.aspx
You will be asked to answer six questions. If you unsure of what the fields are, the definitions are below on the same page. There are some assumptions about how much your investments will earn, inflation rates and tax rate; you can edit these to see how they impact the calculation
• Based on your inputs, what is your estimated monthly retirement income before tax/inflation?
• Based on your inputs, what is your estimated monthly retirement income after tax/inflation?
Step 2: Determine how your current retirement strategy will provide for retirement income:
https://www.bankrate.com/calculators/retirement/retirement-plan-calculator.aspx
You will be asked to answer eight questions. If you unsure of what the fields are, the definitions are below on the same page. There are some assumptions about how much your investments will earn, inflation rates and if Social Security income is considered; you can edit these to see how they impact the calculation.
• Based on your inputs, how much monthly income is your current strategy estimated to provide?
• Assume that monthly income will not be sufficient. In at least 100 words, what steps can you take now and/or in retirement to live comfortably in retirement?
Step 3: Calculate how savings can grow
How long will it take you to reach $1 million in savings? Answer the four questions in this calculator to calculate when you could become a millionaire: https://www.igrad.com/schools/universityofphoenix/?TargetURL=%2FResources%2Fmillionaire-calculator
• How many years will it be before you reach $1 million in savings?
• Thinking of what your life might be like in retirement, would $1 million be sufficient to support yourself? (Some things to consider would be your health, where you live and how much money you owe.) In at least 100 words explain why or why not?
|
Presentation of financial statements
: In what ways might a presentation of financial statements to the Board of Directors of a large company differ to the presentation of financial statements to a small sole trader and why?
|
|
Compute the probability of exactly
: Patients arrive at the emergency room of Costa Valley Hospital at an average of 5 per day. The demand for emergency room treatment at Costa Valley follows a Poisson distribution. (A) Using Appendix C, compute the probability of exactly 0,1,2,3,4, and..
|
|
Brief description of the research proposal
: Create a graph or other visual representation of the information and statistics you acquired while creating your research proposal.
|
|
Functional departments of an organization usefinancial
: How do the various functional departments of an organization usefinancial planning (i.e. marketing, operations, sales, executivemanagement, finance, etc.)?
|
|
How much monthly income is your current strategy estimated
: Determine how your current retirement strategy will provide for retirement income? How much monthly income is your current strategy estimated to provide?
|
|
Assets-liabilities and equity-total revenue and net income
: Select one (1) U.S. publicly traded company and review its most recent Annual Report. (You may use one (1) of the three (3) companies you selected for your Stock Journal assignment.) Use the Income Statement and Balance Sheet to determine the changes..
|
|
Compare the total income tax paid
: a) Compare the total income tax paid under the current partnership structure: Assume the amounts are GST exclusive Under the existing partnership the net income is
|
|
Its dividend is expected to grow by the same amount
: Suppose Pale Hose, Inc. has just paid a dividend of $1.50 per share. Sales and profits for Pale Hose are expected to grow at a rate of 7% per year. Its dividend is expected to grow by the same amount. If the required return is 14%, what is the value ..
|
|
Are ceos and key corporate executives worth the large pay
: Do you agree with Peter Drucker that corporate executives should receive compensation packages no larger than a certain percentage of the pay of hourly workers? Explain.
|