1. How much will they have to withdraw from their portfolio in their first year of...
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1. How much will they have to withdraw from their portfolio in their first year of retirement in order to maintain their standard of living? (5 points) 2. What is their retirement funding goal? (ie how much do they have to have saved for retirement?) (15 points) 3. How much will they have to save from their net paycheck per year to reach this goal if they start today? For questions 1-3, assume the client invests using a tax-free account. Current Income WRR Social Security Current Age Years to Fund Retirement Age Starting Balance Investment Return Inflation Avg Income Tax Rate Avg Investment Tax Rate $117,000 55.0% $48,000 41 15 71 $2,000 7.70% 4.17% 30.00% 9.00% 1. How much will they have to withdraw from their portfolio in their first year of retirement in order to maintain their standard of living? (5 points) 2. What is their retirement funding goal? (ie how much do they have to have saved for retirement?) (15 points) 3. How much will they have to save from their net paycheck per year to reach this goal if they start today? For questions 1-3, assume the client invests using a tax-free account. Current Income WRR Social Security Current Age Years to Fund Retirement Age Starting Balance Investment Return Inflation Avg Income Tax Rate Avg Investment Tax Rate $117,000 55.0% $48,000 41 15 71 $2,000 7.70% 4.17% 30.00% 9.00%
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Related Book For
Stats Data and Models
ISBN: 978-0321986498
4th edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
Posted Date:
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