subject
Business, 15.02.2021 21:30 rashawng2005

Brett is a 25-year-old researcher at Texas Parks and Wildlife. He makes $60,000 per year. Your firm uses an end age of 95 and a top-down ratio of 78%. Brett has 1 kid and wants to have another. He'd like to make sure his heirs get $1,000,000 at the end of his life. He wants to be aggressive in his investments while he works (9% rate of return), and conservative during retirement (5% rate of return). Average inflation of 2% is anticipated. He does not expect to get social security, so he doesn't want it to be factored in. He wants to know how much he needs to save in his 401k to have a successful retirement if he retires at age 67. For Step 1 - Calculate the amount he will need each year BEFORE inflation during retirement: (use a positive number, round to the nearest whole dollar)

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 04:30
Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.
Answers: 1
question
Business, 22.06.2019 13:50
Which one of the following statements is true? ddt does not prevent disease from passing from agricultural animals to humans. cost was a major factor in the united states government's decision to ban ddt. many african governments concluded that the potential long-term health effects of ddt were not as serious as the immediate problem of insect control. ddt cannot accumulate in the fat of animals. the ddt ban in the united states has made it very difficult to control agricultural insect pests.
Answers: 3
question
Business, 22.06.2019 16:00
In macroeconomics, to study the aggregate means to study blank
Answers: 1
question
Business, 22.06.2019 18:20
Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.
Answers: 3
You know the right answer?
Brett is a 25-year-old researcher at Texas Parks and Wildlife. He makes $60,000 per year. Your firm...
Questions
question
Spanish, 26.01.2021 19:40
question
Biology, 26.01.2021 19:40
question
Mathematics, 26.01.2021 19:40
question
Mathematics, 26.01.2021 19:40
Questions on the website: 13722362