Retirment plan | Business & Finance homework help

                   The Work/Accumulation period

                      The retirement spreadsheet should calculate on a year by year basis the accumulation of retirement savings. This means you will have a series of time value of money calculations. Each year will therefore be a future value calculation for the year. You must state for each year the proportion of your portfolio you want to invest in equities (with an expected return of xx%) vs. bonds (with an expected return of aa%)

                      Assume annual contributions are split into equal monthly installments made at the end of each month, coincident with the receipt of your paycheck.

                      For simplicity, assume your account compounds on a monthly basis.

                      Repeat the calculation for each year you are working to determine your account balance at retirement.

2.                   The Retirement/Spending Period

                      In your first year of retirement, there will be no further cash inflows into the retirement account. Since you are no longer working, you are only drawing from the principal you have accumulated and not earning a salary. Your job is to calculate how much money will be left in your account at the end of the year after drawing out your retirement income. Remember, your principal will still earn the risk-free rate of return of ww%. You aren’t pulling out all the money at once. The annual draw on your savings will  (a) be split into equal monthly withdrawals, (b) should be based on your budget and (c) be reported in the “withdrawal” column.

                      Continue the calculation for future years. Increase your withdrawal each year by 2.1% so your retirement income keeps pace with inflation. Remember, your principal will still be earning the risk-free rate of interest.

3.                   Results

                      Report how old you are when (or if) you run out of money. Were your savings sufficient to fund your retirement until your expected date of death?  Based on this analysis, would you change anything about either your pre-retirement contributions or your post-retirement withdrawal patterns?  Would you change your asset mix? 

                      Make appropriate changes to your assumptions to ensure that your retirement income lasts to age 100. Once you have a retirement plan that you are comfortable with, we will use that for the third part of the assignment.

** see the instrictions and make the edition on the XL file

 

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our Guarantees

101papers.com is always working towards customer satisfaction. Our professional academic writers always aim at producing comprehensive papers that possess quality and originality at pocket-friendly prices. Students are assured that all their private information is safe with us.

Money-Back Guarantee

101papers.com provides a system where students can request for money-back in case they cancel the order or in the rare instances of dissatisfaction. The refund policy adheres to the company’s term and conditions on money-back.

Read more

Zero-Plagiarism Guarantee

While providing the best professional essay writing services, we guarantee all our students of plagiarism-free papers. All papers produced by our professional academic writers are checked against all web resources and previously completed papers to avoid plagiarism.

Read more

Free Revision Policy

In our urge to provide the best professional essay writing services, we guarantee students of free revision policy. The free revision policy is a courtesy service where students can request for unlimited for their completed papers. We always aim at achieving 100% customer satisfaction rates. The free revision policy is one among many of our major advantages.

Read more

Privacy Policy

At 101papers.com, every student is entitled to total security. Our professional academic writers are always committed to protecting all private information of our customers. We do not share any personal information with third parties. Additionally, we provide safe systems for all online transactions.

Read more

Fair-Cooperation Guarantee

Working with us is the greatest step towards achieving all your academic goals. We always deliver the best professional essay writing services as promised. We, therefore, expect all students to work cooperatively with us, as we work towards achieving our goal, your satisfaction. This way, all services will be delivered accurately and on time.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency