LAKNED Jones is 50 years old. He is working with you, his financial planner to calculate his

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LAKNED Jones is 50 years old. He is working with you, his financial planner to calculate his long-term care insurance need. Please use the following assumptions to calculate lack needs net LTC need.

The current annual cost of LTC equals 73 Age of Wichlac, Ned will need LTC services, 70 LTC inflation rate 4.50

Number of years benefits will be needed at six Before tax rate of return, 7%

Marginal tax bracket 24 Annual increase in savings zero

Current value of assets set aside for long-term care need is 100,000

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Sep 14, 2023 12:24 AM

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LAKNED Jones is 50 years old. He is working with you, his financial planner to calculate his

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To calculate Lacks net LTC need we can use the following steps Calculate the future value of the cur... View the full answer

Income Tax Fundamentals 2013

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