Decide how much money you will need at retirement

Assignment Help Financial Management

Reference no: EM131837975

You are trying to decide how much money you will need at retirement. You expect to retire at age 65. You hope to travel extensively while you are healthy enough. To finance your travels? (and cover your basic living? expenses) you think you will need income of $127,000per year? (at the end of each? year). You will make your first withdrawal on your 66th birthday. You expect to stay healthy enough for travel for the first 14years after retirement and thus make a withdrawal of $127,000 at the end of each of those 14 years. Once your active travel years are over you will settle down into a retirement home. During your retirement home years you will only need 109,000 in income per year. You expect to live in the retirement home for 13 years. You will make the first retirement home withdrawal 15 years after retirement and all subsequent withdrawals will continue to be at? year-end. If retirement savings will earn a return of 4.5?%, then how much will you need at retirement to fund these planned? withdrawals?

How much will you need at retirement to fund these planned? withdrawals?

Reference no: EM131837975

Questions Cloud

Number of moles on a persons face : The number of moles on a persons face can be considered a discrete random variable, and assume it has the following distribution:

What are some psychosocial causes of sexual dysfunction : Question - What are some psychosocial causes of sexual dysfunction? How might sex therapy be used to treat some of these causes

How the two provisions have impacted your current practice : Discuss how these two provisions have impacted, or will impact, your current practice of nursing.

Why your choice would be more effective than their options : Choosing two of their examples and listing a different type of guidance/discipline than the ones they offered.

Decide how much money you will need at retirement : You are trying to decide how much money you will need at retirement. How much will you need at retirement to fund these planned? withdrawals?

What is the probability that this red ball is from the first : What is the probability that this red ball is from the first bag?

Explain confidence and risk in decision-making : What do statisticians do, and where do they work? Also, can you explain Confidence and Risk in decision-making? Please provide examples.

Describe one innovative health care delivery model : Describe one innovative health care delivery model that incorporates an interdisciplinary care delivery team. How is this advantageous to patient outcomes?

Example of an experimental or a non-experimental study : The results of a recent study showed that children who routinely drank reduced fat milk (1% or skim) were more likely to be overweight or obese

User Account

All Pages