User Account

All Pages

How much do you have to have saved at retirement

Assignment Help Financial Accounting
Reference no: EM132926481

Problem - You are trying to calculate how much money you should have at retirement. On your 64th birthday you will retire and immediately make your first withdrawal of $2,884.62. You plan to make 52 such withdrawals each year. You plan to continue withdrawing at that level and frequency until you are 89 years old. (Assume beginning of period withdrawals with the first withdrawal on your retirement date and no withdrawal on your final birthday.) During retirement your savings will earn only 3.8% per annum. How much do you have to have saved at retirement to fund these planned withdrawals? How much do you have to have saved at retirement to fund these planned withdrawals?

Reference no: EM132926481

Questions Cloud

What are the key database products made by the vendor : Provide three (3) business uses for why a customer/client would want to use your vendors/class of database technology in their environment.
Compute Mark allowable general business credit : Mark has a tentative general business credit of $120,000 for the current year. Compute Mark's allowable general business credit for the year
Prepare the entry to record the sales : Sheridan Company had cash sales of $69,978 (including taxes) for the month of June. Sales are subject to 9.00% sales tax. Prepare the entry to record the sales
Describe the federal laws that address protecting individual : Suggest governmental changes that need to take place and three measures organizations and individuals should take to protect their PII.
How much do you have to have saved at retirement : How much do you have to have saved at retirement to fund these planned withdrawals? How much do you have to have saved at retirement to fund planned withdrawals
What is the equity method balance of Jeter Investment : Dividends of $110,000 were declared in each of these two years. What is the equity method balance of Jeter's Investment in Rodriguez, Inc., at December 31, 2021
What the big picture means : What the big picture means, how do the results found in the literature review help organizations in the Information Technology strategy planning.
What does the encarta versus wikipedia story tell : What was the learning point from the Dan Ariely's study in Madurai, India? Hint: (Respondents played several gamesearning the sum of four, 40, or 400 rupees.
How much is the consolidated gain or loss : Borland holds the land until December 31, 2019 when it sells it to third parties for $150,000. How much is the consolidated gain or loss for 2019

Reviews

Write a Review

Financial Accounting Questions & Answers

  Estimated sales value at split off of a joint product

Estimated sales value at split off of a Market value at split-off approach joint product relative to the sales value at split off of total joint production.

  Preparing financial reports for corporate entities

What are the ethical requirements associated with preparing financial reports for corporate entities, including conflict of interest, confidentiality

  Develop information gathering and communication strategies

ACCM 4200 - Financial Accounting and Reporting - You are a graduate accountant working for Piper, Pepper and Associates a public accounting firm situated at 59889, George Street, Unley, SA 5061.

  Opportunities for influencing the outcome of reported

Opportunities for influencing the outcome of reported earnings. Please elaborate a. accounting choices, estimates and judgments b. changes in accounting methods and assumptions c. discretionary expenditures d. revenue and expenses

  First stage allocation in the fabricating activity

How much cost, in total, would be allocated in the first stage allocation in the fabricating activity cost pool and During March, 52,500 units were started and 50,000 were completed and transferred out of the department.

  Construct probabilit?y tree for problem

Eastern Airlines knows that 20% of its customers fly first class, 20% fly business class, and the rest fly coach. Of those customers who fly class, 70% are from the East Coast while 30% are from elsewhere. Construct a probabilit?y tree for this probl..

  What is the probability of default in the fourth year

What is the probability of default in the fourth year conditional on no earlier default given the cumulative probability of a company defaulting by years one

  Prepare balance sheet from the financial data

Prepare balance sheet from the financial data, organized into the appropriate categories and headings. Include the amount for retained earnings

  What are the objectives pursued by the inspection

Taking into consideration the findings reported by the inspection units, what in your opinion are the objectives pursued by this inspection?

  Calculate goodwill arising on acquisition of smooth ltd

Calculate the goodwill arising on the acquisition of Smooth Ltd and calculate the carrying amount of the investment in Art Ltd at 31 December 2011.

  Multiple choice questions on cash and cash equivalentsa

multiple choice questions on cash and cash equivalents.a company that increases its liquidity by holding more cash and

  What is the most assembly division would be willing to pay

The Assembly Division of the same company needs a part that is just like Product A. The Assembly Division can choose whether to buy Product A from an outside supplier for $14.15 or buy it internally from the Parts Division.  and evaluate the most ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd