Question: Ricky and Sharon married at age 22 started a family
Ricky and Sharon married at age 22, started a family, and bought a house. At age 30, they began making a contribution of $ 4,000 to a traditional IRA. They continued making these contributions annually until age 60. If the average return on their investment was 8%, how much was in their IRA at age 60? What was their total investment?
Relevant QuestionsNancy and Al have been planning their retirement since they married in their early 20s. In their mid 40s and with two children in college, they are finding it harder to save and fear they will fall short of the savings ...Thomas earns $ 45,000 per year. What retirement plan should Thomas consider under the following circumstances? a. He works for a large private firm. b. He works at a university. c. He owns a small firm with employees. Dave’s employer has strongly urged him to invest his entire 401(k) contribution in the company’s stock. Advise Dave on how to handle this situation. What is a living will? What are its implications for estate planning? When would you change your will? How can your will be changed?
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