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Need part 2, 4, 5, and 6. Maria Sepulveda and Luis have two children. Their total household annual income is about $140,000 before taxes. Although

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Need part 2, 4, 5, and 6.

Maria Sepulveda and Luis have two children. Their total household annual income is about $140,000 before taxes. Although it's about 35 years away from retirement, they recognize it's now time to consider their situation seriously to see if they will be able to pursue a retirement lifestyle that appeals to them. They began by determining what their household expenditures would likely be in retirement. Their estimate is based on maintaining a comfortable standard of living. Their current household expenditure is about $84,000. They believe that they can achieve a comfortable retirement lifestyle with an annual household expense of 80% of the current amount. They also estimate that they will receive a total yearly income of $42,000 and $15,000 from social security and employers' pension plans. The annual inflation over the next 35 years is expected to be an average of 5%. They plan to save an equal amount of money every year starting from today in an investment account that can potentially yield a 7% after-tax return. They also assume that their nest egg will earn about a conservative 4% after-tax return on investment in retirement. If you are hired as a financial planner for Maria's family, help her answer the following questions by using the information above: V (1) Estimated yearly household expenditure in retirement is $67,200 (2) Additional income need (annual shortfall) is (Select] (3) Inflation factor is 5.000 (4) Inflation-adjusted annual shortfall is [ Select] (5) Amount of retirement funds required (size of nest egg) is [Select ] (6) Annual savings required to fund retirement net egg is [Select ] Maria Sepulveda and Luis have two children. Their total household annual income is about $140,000 before taxes. Although it's about 35 years away from retirement, they recognize it's now time to consider their situation seriously to see if they will be able to pursue a retirement lifestyle that appeals to them. They began by determining what their household expenditures would likely be in retirement. Their estimate is based on maintaining a comfortable standard of living. Their current household expenditure is about $84,000. They believe that they can achieve a comfortable retirement lifestyle with an annual household expense of 80% of the current amount. They also estimate that they will receive a total yearly income of $42,000 and $15,000 from social security and employers' pension plans. The annual inflation over the next 35 years is expected to be an average of 5%. They plan to save an equal amount of money every year starting from today in an investment account that can potentially yield a 7% after-tax return. They also assume that their nest egg will earn about a conservative 4% after-tax return on investment in retirement. If you are hired as a financial planner for Maria's family, help her answer the following questions by using the information above: V (1) Estimated yearly household expenditure in retirement is $67,200 (2) Additional income need (annual shortfall) is (Select] (3) Inflation factor is 5.000 (4) Inflation-adjusted annual shortfall is [ Select] (5) Amount of retirement funds required (size of nest egg) is [Select ] (6) Annual savings required to fund retirement net egg is [Select ]

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