Many IRA funds argue that investors should invest at the beginning of the year rather than at the end. What is the difference to an investor's retirement account if she invests $2,200 per year at 10 percent over a 30-year period?
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- A policyholder wishes to annuitize the cash value of her insurance policy at retirement. She desires an annual payment of $97.8,000 per year and the cash value is expected to be $1.5 million at retirement. Approximately how many payments can she expect to receive if annuity interest rates are 5.739 percent? (Do not round intermediate calculations. Round your answer to a whole number.)An individual has determined utilizing the annuity method of capital needs analysis that he needs $1,045,656 at the beginning of his retirement to meet his retirement life expectancy goals. If this individual would like to be more conservative in his retirement planning forecast and maintain this capital balance throughout his retirement life expectancy of 32 years, given an expected earnings rate of 6%, and an inflation rate of 3% during the period, how much more would he need to have at the beginning of his retirement?What is the least-risky asset for each of the following investors?a. A person investing for her 3-year-old child’s college tuition.b. A defined benefit pension fund with benefit obligations that have an average duration of 10 years. The benefits are not inflation-protected.c. A defined benefit pension fund with benefit obligations that have an average duration of 10 years. The benefits are inflation-protected.
- 3. Considering the information obtained in questions 2, should Bill wait until age 67. for his Social Secuirty benefits? If he waits until age 67, how will his monthly Social Secuirty benefit change the answers to question 2? (Hint: Calculate his portfolio value as of age 67 and then calculate how long that amount will last if it earns 5 percent annually.) 4. If the inflation rate averages 3.5 percent during Bill's retirement, how old will he be when prices have doubled from current levels? How much will a soda cost when Bill dies, if he lives the full 30 years and the soda costs $1 today?Suppose you retire with $1million at age of 65. You plan to invest your retirement into a mixture of a riky fund and a fixed income fund, where the return of the risky fund follows a normal distribution. You plans to withdraw $150,000 at the end of every year from this accout. To prevent overwithdrawal at the end, you put a safety cushion of 3 If balance of the retirement fund at the end of year, before annual withdrawal is less than 3 times the planned annual withdrawal amount, you withdraw one-third of the remaining balance. (Hint: use IF function) You want to find out how much you are left at the age of 75. Simulate one time to find out the remaining balance at the age of 17 ( 10 years later) Simulate 100 times, find out average, standard deviation, along with probabilty of the remaining fund is positive.On the basis of how long she has until retirement and her comfort with investment risk, Chelsea has decided that she wants to allocate the money in her retirement account as follows: 75% to equities, 20% to fixed income, and 5% to cash. If Chelsea assumes that each asset class earns the low end of the historical average rates of return provided below, what overall rate of return would she expect to earn over the long term? Equities: 8%-12% Fixed Income: 4% - 7% . Cash: 2% - 5% . O 6.90% O 5.60% O 10.65% O 7.75% 4.67%
- You wish to buy an annuity that makes monthly payments for as long as you live. Describe what happens to the purchase price of the annuity if (a) your age at the time of purchase goes up, (b) the size of the monthly payment risesCarla Lopez deposits $2,500 a year into her retirement account. If these funds have an average earnings of 5 percent over the 40 hears until her retirement, what will be the value of her retirement account?If the future income tax rate at retirement (end of year 30) is 30%: 1)What is FW or Roth IRA? 2)What is FW of Tax-deductible IRA? 3)Which plan is better?
- Linda expects to receive P35,569.22 , 9 years from now. How much should she invests for three consecutive years (annually) starting THIS YEAR if the interest rate is 0.250? Use knowledge about ANNUITIES in solving thisYour friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years. Calculate the current (present) value of your friends trust fund payments. For further instructions on future value in Excel, see Appendix C.How many years would it take save an adequate amount for retirement if he deposits $2,100 per month (at the end of each month) into an account that pays 11 percent per year if he wishes to have a total of $1,000,000 at retirement? Include the following variables to help solve the problem: m Nper (or N) =n*m Rate (or I/Y)=i/m PV PMT FV
