What is your client''s wage replacement ratio

Assignment Help Finance Basics
Reference no: EM133376996

Question: You have met with your clients a few times and are now ready to do their retirement needs analysis (RNA). The couple, ?ling Married Filing Jointly (MFJ), are both 39 years of age and expect to work another 23 years. They both plan on living to age 93. He currently earns $60,000; her $58,333. Returns are expected to be 8.2% and in?ation 3.1%. You and the clients have determined that they will cut $47,234 of their current expenses out upon retirement, but that they will see an increase of $21,200 in other areas. Given the information above, please calculate the following for your client: 1 1) What is your client's Wage Replacement Ratio?

Reference no: EM133376996

Questions Cloud

Explain all the option exercise details for you : explain all the option exercise details for you, at expiration, if the final share price is $50 - i.e, the Put is exercised against you, you are forced to BUY
Discuss the five goals driving forces behind banking : Discuss the five goals (driving forces) behind banking regulation. Give some examples of regulations related to each and discuss how the goals may conflict with
What is the arbitrage profit in us dollars in one year : FIN 4410 University Of Denver If an astute trader finds an arbitrage opportunity, what is the arbitrage profit in US dollars in one year?
Employees and assess the performance of employees : Identify two tips and techniques that remote managers can utilize to check-in with their employees and assess the performance of their employees.
What is your client''s wage replacement ratio : What is your client's Wage Replacement Ratio - You have met with your clients a few times and are now ready to do their retirement needs analysis (RNA)
Identify the traits needed to work in retail sales : Identify the traits needed to work in retail sales and the competencies
What is the implied main idea of the section : ppearance of a population of still more resistant insects. (5) Consequently, still more pesticides and herbicides must be used. What is the implied main idea
Why comparing a portfolios return to the return of a broad : Why comparing a portfolio's return to the return of a broad index generally inadequate? Explain.
What are the shareholders earnings from the corporation : What are the shareholders earnings from the corporation after all corresponding taxes are paid? Note: Express your answers in strictly numerical terms

Reviews

Write a Review

Finance Basics Questions & Answers

  Social security is important for retirees

Discuss and support whether you believe Social Security is important for retirees and whether Social Security should be changed.Research Social Security systems in other countries in order to identify similarities, advantages, and disadvantages of..

  What would be a potential investment strategy

What would be a potential investment strategy that would basically take advantage of the fact that we are currently in the longest bull market

  Show how it can use currency and equity swaps

Show how it can use currency and equity swaps to maintain its position in the plain vanilla euro swap and convert its overall position to the one desired.

  Binomial probability distribution

Let X be the number of field goals that Mimi scores in the game. As we know, the distribution of X is a binomial probability distribution. What is the number of trials (n), probability of successes (p) and probability of failures (q), respectively..

  Variety of individual incentive programs

Question 1: Employers can use a variety of individual incentive programs to contribute to their compensation strategy. Which of the four types of individual incentive plans would you prefer? Explain your choice.

  Create a table that shows the original budgeted cost

Explain your approach to estimating the project cost (e.g., top down, bottom up, etc.) and why that method was chosen. Create a table that shows the original budgeted cost (from the charter) and the actual budgeted cost (side by side). Include line i..

  Differentiation strategies into an integrated strategy

In what ways has the company been able to combine overall cost leadership as well as differentiation strategies into an integrated strategy?

  Where the equality holds given the sequence of information

Where the equality holds given the sequence of information sets {It. The underlying process Xt is known to follow the SDE: dXt = μdt + σdWt Determine the g(-) in the above representation for the case where M(-) is given by:

  Identify key assumptions regarding financial projections

Identify key assumptions and conclusions regarding financial projections. Present data in a professional manner with headings and meaningful number formatting.

  Calculate the four step binomial trees

According to the date given above, what is the (approximate) annual volatility of St if this process is known to have a log-normal distribution? Calculate the four-step binomial trees for the St and the Ct. Calculate the arbitrage-free price C0 of th..

  Compute the market to book value ratio

The information below relates to Ilall Company: Net income ...........................$ 280,000 Dividends .................................105,000 Total stockholders' equity ...3,900,000 Market value .......................4,800,000 Required: A. Comp..

  Calculate the inventory turnover for each year

Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2010 and $1,200,000 in 2011. a. Calculate the inventory turnover for each year.

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!

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