Cakcutation of Aanual Savegs Needed to Meet a Retirenient Gioal workstieet, anwwer the following questions, floand your ansmers to the neares dollim, a. What annuat income would Nice need for teorement? 3 b. What woukd her annual erpected siocial secunty beneft be? 14 +5 d. How much annual returemen uncome wall she need from her retirement fundo? e. How much will Nica need to sive by retirement in today's dollars it the pland to reeire at age 67 and live to age 92 , tike her mother? ise appendar A-4 to sohne for the amser. Hound Present Value of a Series of Equal Ameunts in mintermediate calculations to four decmal places. Investmera retums are assumed to be 3% alter inflation. 5 1. Nico currently has $14,000 in a Roth IRA. Assurning a orowth rate of 8 percent, what will be the value of her Roth IRA when she retires? (Hint: Dont take out inconse fare: Use. Appendix A-1 to solve for the ariswer. Round future Yalue of a single Amount in intermediale calcilations ro four decimal places. 3 9. How much additional moner will she still need to save for metirement? 9. How much additional money will she still need to save for retirement? 4 1. What is the amount she needs to save each vear to reach this goul? Use Appendix A.3 to solve for the answer. Aound Future Value of a Senes of Equal Amourts in intermediate calculations to four decimal ploces. Investment retuens are assumed to be 3% after infltwion. 5 Financial planning cases 17 - 4 Calculation of Arnual Savings Needed to Meet a Retirement Goul. workstaect, answer the following questions. Round your answers to the nearec dolar- a. What annuad income would Nico need for retiremsent? 5 b. What would her annual expected Social Security benefit be? 4 e. Wicci expecrs to receive $1,209 per mocith from her defind-benefin pension at work. What is her annual beneht? 5 d. How auch annual retsrement incartie wil she need frern her fetiegent funds? 5 Appentoo A.1 to solve for the answer. Round Future Value of a Singlit Auribunt in intermediatercalculations to four decimal places. 3 1