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im having troble filling in the blanks Jamie Lee and Ross, now 57 and stlll very actlve, have plenty of time on their hands now

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Jamie Lee and Ross, now 57 and stlll very actlve, have plenty of time on their hands now that the triplets are away at college. They both realized that time has just flown by; over twenty-four years have passed since they married! Looking back over the past years, they realized that they have worked hard in their careers, Jamie Lee as the proprletor of a cupcake cafe and Ross, self-employed as a web-page designer. They have enjoyed raising their family and strived to be financlally sound as they are looking to retrement that is just around the corner. They saved regularly and invested wisely over the years. They rebounded nicely from the economic crisis over the past few years, as they watched their investments closely and adjusted their strategles when they felt it necessary. They purchase vehicles with cash and do not carry credit card balances, choosing instead to use them for convenlence only. The triplets are pursuing their master's degrees and have tuition covered through work study programs at the university. Jamle Lee and Ross are just a few short years from realizing thelr goals of retiring at 65 and purchasing a home at the beach! They are revlewing their financial situation to ensure they will be ready for retirement. They anticipate being able to IIve comfortably with 80% of their current expenses. The rate of return on their investments untll they retire is 4%. They expect this percentage to drop to 3% after retirement. Use this information, along with Exhiblt 1-A. Exhibit 1-B, and the information provided below to determine the annual deposit amount Jamle Lee and Ross will need to make until they retire in order to make up the shortiall between thelr estimated expenses and income needed during retirement. Each answer must have a value for the assignment to be complete. Enter " O " for any unused categorles. Current Expense Amounts (Jamle Lee and Ross Combined). Current Expense Amounts (Jamle Lee and Ross Combined). Fixed expenses: $3,000/ month Varlable expenses: $2,000 imonth Estimated Income Amounts (Jamle Lee and Ross Combined) Soclal Security: \$2,100imonth Current IRA balance: $92,000 Estimated IRA withdrawal: $300/mon th Other investments: $26,400 iyear Estimated Annual Retirement Living Expenses Estimated annual living expenses if retiring today Number of years until retiremen: Expected annual rate of return before retirement Future value (use Exhibit 1-A) Projected annual retirement living expenses, adjusted for inflation (A) Estimated Annual Income at Retirement Social Security income Company pension, personal retirement account income Investment and other inoome Total retirement income (B) \begin{tabular}{|l|l|} \hline \\ \hlines & 0 \end{tabular} Annual shortfall of income after retirement (A - B) (C) Expected years in retirement Expected annual rate of retum before retirement Expected annual rate of return on invested funds after retirement Expected years in retirement Expected annual rate of retum before retirement Expected annual rate of return on invested funds after retirement Future value factor for a series of deposits (use Exhibit 1-B) (D) Annual deposit required to acoumulate the amount needed

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