Question

How many years will you need to provide a steady retirement income for yourself based on how long you are likely to live? Don't assume you can work until normal retirement age - your health may not permit that. Plan to retire a few years early to give yourself a safety buffer in case your health deteriorates sooner than planned or in case you need to stay home to care for a loved one. I am likely to live until I am 85

Answer #1

For attaining 30 years of retirement income

1. One should not invest in risk assets from age 45.

2. Planning less expenditure on housing which constituters 1/3rd if
the expenses from an American household will help. This can be
minimised by preferring to buy houses at the outskirt which might
be cheaper than in a central area.

3. Investing in retirement fund from age 30 can help a
lot.

3) Now you will plan for your retirement. To do this we need to
first determine a couple of values.
a. How much will you invest each year? $1,000 a year is
what i will invest.
State what you will use for P, r, and n to earn credit. ( The
typical example of a retirement investment is an I.R.A., an
Individual Retirement Account, although other options are
available. However, for this example, we will assume that you are
investing...

Suppose you are 30 years old and want to retire at the age of
age 70 and expect to live another 20 years. On the day you retire,
you want to have $1,000,000 in your retirement savings
account.
i. If you invest monthly starting one month from today and your
investment earns 6.0 percent per year, How much money do you need
to invest every month until you retire?
ii. Now you’re retired with $1,000,000 and you have 20 more...

You are trying to decide how much to save for retirement. Assume
you plan to save $ 5,500 per year with the first investment made
one year from now. You think you can earn 12.0% per year on your
investments and you plan to retire in 38 years, immediately after
making your last 5,500 investment.
a. How much will you have in your retirement account on the day
you retire?
b. If, instead of investing $5,500 per year, you wanted...

Assume you are now 30 years old. You plan to retire when you are
60 years old. You think you will live until you are 85 years old.
a. If the rate of return during your working years (a.k.a. the
"savings period") is 10% and you plan to save $1,000 per year, how
much will you have saved up by retirement age? b. If the rate of
return during your retirement is 7%, how much will you receive as
an...

2) You are trying to decide how much to save for retirement.
Assume you plan to save $7,500 per year with the first investment
made one year from now. You think you can earn 9.0% per year on
your investments and you plan to retire in 39 years, immediately
after making your last $7,500 investment.
a. How much will you have in your retirement account on the day
you retire?
b. If, instead of investing $7,500 per year, you wanted...

You are trying to decide how much to save for retirement. Assume
you plan to save $6,000 per year with the first investment made one
year from now. You think you can earn 11.0% per year on your
investments and you plan to retire in 28 years, immediately after
making your last $6,000 investment.
a. How much will you have in your retirement
account on the day you retire?
b. If, instead of investing $6,000 per year,
you wanted to...

You are trying to decide how much to save for retirement. Assume
you plan to save
$ 5 comma 000$5,000
per year with the first investment made one year from now. You
think you can earn
7.07.0%
per year on your investments and you plan to retire in
2727
years, immediately after making your last
$ 5 comma 000$5,000
investment.
a. How much will you have in your retirement account on the day
you retire?
b. If, instead of investing...

You are 45 years old and planning to retire at age 65. You
expect to live until age 85. Your retirment investment earns 9% per
year. You want to guarentee that you will withdrawl 15000 per month
during retiremnent. You expect that inflation will be 3% per year
including years in retirement. How much must you save per month
until retirment to fund your plan. HINT: Your retirment withdrawl
will increase every month at the inflation rate of 3%. The...

1. How old are you now? I am 22 years old now. I plan on
retiring at the age of 65.
Based on the assumption that I will live until the age of 90, I
will need $75,000 per year.
Calculate the present value of the money you will need
for retirement.
1. Choose two rates of return you would like to investigate.
Chose a lower, conservative number, such as the current 3 year CD
rate and chose a higher,...

CASE STUDY (Cheryl Tatano Beck's POSTPARTUM DEPRESSION THEORY)
At the tender age of 11 years, Kim was “sold” by her mother to
three adult men for an evening of sex and drugs. Kim related that
as her mother went out the door, she advised her to “do what they
tell you and I’ ll be back in the morning.” Kim was never okay
again. Although she did relatively well during the sporadic times
she went to school, her life was...

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