In one of our most recent classes, we spent time discussing disability insurance. In a follow up to our discussion on disability insurance, let us assume that Michael Johnson recently moved to Hartford, CT. to accept a new job. He is currently 60 and is planning for his upcoming retirement. He has $400,000 in his retirement account and would like to have doubled that by the age of 67. However. He became permanently disabled after getting into a vehicle accident a few months ago. If its average earnings were $65,000. What would be his Social Security disability benefits? Social Security disability benefits and at age 65 and Michael will switch over to Social Security retirement benefits? What will be is retirement benefit amount at age 65? How much? Will Michael earn each year on his $400,000 portfolio if it earns 4% annually? How large an amount could be withdrawn from his account each month starting at age 60? /, 25 Years of retirement
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In one of our most recent classes, we spent time discussing disability insurance. In a follow up to our discussion on disability insurance, let us assume that Michael Johnson recently moved to Hartford, CT. to accept a new job. He is currently 60 and is planning for his upcoming retirement. He has $400,000 in his retirement account and would like to have doubled that by the age of 67. However. He became permanently disabled after getting into a vehicle accident a few months ago.
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If its average earnings were $65,000. What would be his Social Security disability benefits?
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Social Security disability benefits and at age 65 and Michael will switch over to Social Security retirement benefits? What will be is retirement benefit amount at age 65?
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How much? Will Michael earn each year on his $400,000 portfolio if it earns 4% annually?
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How large an amount could be withdrawn from his account each month starting at age 60? /, 25 Years of retirement
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