Estimated Income Amounts (Jamie Lee and Ross Combined) Social Security: $2,900 per month Current IRA balance:...
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Estimated Income Amounts (Jamie Lee and Ross Combined) Social Security: $2,900 per month Current IRA balance: $97,000 Estimated IRA withdrawal: $300 per month Other investments: $30,400 per year Estimated Annual Retirement Living Expenses Estimated annual living expenses if retiring today Number of years until retirement 55,680 8 Expected annual rate of return before retirement Future value (use Exhibit 1-A) Projected annual retirement living expenses, adjusted for inflation (A) $ 0 Estimated Annual Income at Retirement Social Security income Company pension, personal retirement account income Investment and other income Total retirement income Annual shortfall of income after retirement (A - B) Expected years in retirement Expected annual rate of return before retirement Expected annual rate of return on invested funds after retirement Future value factor for a series of deposits (use Exhibit 1-B) Annual deposit required to accumulate the amount needed BG (B) $ 0 (C) (D) $$ 30 Estimated Income Amounts (Jamie Lee and Ross Combined) Social Security: $2,900 per month Current IRA balance: $97,000 Estimated IRA withdrawal: $300 per month Other investments: $30,400 per year Estimated Annual Retirement Living Expenses Estimated annual living expenses if retiring today Number of years until retirement 55,680 8 Expected annual rate of return before retirement Future value (use Exhibit 1-A) Projected annual retirement living expenses, adjusted for inflation (A) $ 0 Estimated Annual Income at Retirement Social Security income Company pension, personal retirement account income Investment and other income Total retirement income Annual shortfall of income after retirement (A - B) Expected years in retirement Expected annual rate of return before retirement Expected annual rate of return on invested funds after retirement Future value factor for a series of deposits (use Exhibit 1-B) Annual deposit required to accumulate the amount needed BG (B) $ 0 (C) (D) $$ 30
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