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Assuming that Clara has taken instead, a lump-sum distribution from Tim's pension plan, what asset allocation is appropriate for Clara? Provide a pie chart showing
Assuming that Clara has taken instead, a lump-sum distribution from Tim's pension plan, what asset allocation is appropriate for Clara? Provide a pie chart showing the asset allocation.
Retirement Information Tim had a profit-sharing plan sponsored by ABC with Clara designated as the ben. eficiary. The plan has a value of $150,000 as of January 1,2022 . The plan permits the beneficiary to take a lump-sum distribution. Clara currently has an IRA with Tim as the named beneficiary. Clara is the named beneficiary on Tim's IRA. They had both decided to defer IRA withdrawals until they are mandatory after age 72 . Clara has no plans to change this since Tim's death. She will move Tim's IRA into an IRA in her name early in 2022. Both Tim and Clara began receiving Social Security benefits on their 66 th birthdays. Tim's benefit for 2022 would have been $1,200 per month, and Clara's benefit for 2022 was estimated to be $600 per month Step by Step Solution
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