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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- NoneA 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.)John and Mary as a couple wish to contribute a decent percentage of their earnings into individual retirement accounts (IRAS). The two options presented to them are as below. Option A calls for a one-time deposit of $12,500. Option B calls for annual deposits of $800. What range of values for the minimum attractive rate of return (MARR) exists for which option B is the preferred alternative if a 30-year analysis period is assumed? Year Option A 0 1 ⠀ 30 - $12,500 0 0 0 0 Less than 7.95% O Less than 2.75% Option B Greater than 6.02% Less than 4.95% Greater than 9.37% O Less than 8.26% -800 -800 -800 Option A- Option B -$12,500 800 800 800
- What happens if you withdraw funds from a traditional IRA before age 59 ? You earn a bonus. You incur a significant penalty. You have just made a required disbursement. You add to your retirement assets.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?Investment Plans. Use the savings plan formula to answer the following question. At age 28, you set up an IRA (individual retirement account) with an APR of 5%At the end of each month, you deposit $150 in the account. How much will the IRA contain when you retire at age 65? Compare that amount to the total deposits made over the time period.
- 9. Implied interest rate and period Consider the case of the following annuities, and the need to compute either their expected rate of return or duration. Joshua inherited an annuity worth $6,830.77 from his uncle. The annuity will pay him eight equal payments of $1,100 at the end of each year. The annuity fund is offering a return of Joshua's friend, willie, has hired a financial planner for advice on retirement. Considering Willie's current expenses and expected future lifestyle changes, the financial planner has stated that once Willie crosses a threshold of $1,387,311 in savings, he will have enough money for retirement. Willie has nothing saved for his retirement yet, so he plans to start depositing $25,000 in a retirement fund at a fixed rate of 6.00% at the end of each year. It will take v for Willie to reach his retirement goal.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.You plan to retire in 20 years. At the point of retirement, you want to be able to withdraw 25478 at the end of each year forever. Assume that you earn a 7.11% rate of return prior to retirement and an 4.54% rate of return after retirement. If you do not want to make any further contributions to your retirement fund, how much do you need today? Round answer to the nearest dollar.In this question, consider that you are 60 years old and considering retirement. An insurance company offers to sell you the following Annuity in exchange for a portion of your IRA: • The Annuity commits to paying you 2,000 per month for the next 20 years, with the first payment to be made beginning one month from today. • Your price of the Annuity is $250,000 paid by you today from your IRA. The insurance company is rated AAA, but the investment is not FDIC insured like bank deposits. What is the expected annual rate of return on this investment? What is the Yield-on this investment? That is what is the annual expected rate of return? From an investment point of view, do you consider this a good investment today? Discuss why, or why not.
