structions Ava and Samuel are meeting with their Financial Planner, Finn Wong, today regarding their retirement. They are both 43 years of age and hoping to retire in 20 years. They have two children, age 10 and 12 . They are unsure of how much money they will need to retire. They ask Finn to help them to make sure that they are on the right track to retirement. Ava is a teacher in Toronto and earns a salary of $93,000 annually. She is a member of the Ontario Teachers Pension Plan, which is a defined bent currently at the top of the pay grid and expects that her salary will keep up with inflation. Ava asks Finn if she is eligible to retire with her full pension in 20 years if the factor on her pension is 85 . Once she starts to receive her pension it will be indexed for inflation. Samuel works for a candy company as a marketing manager. His income is $81,000 annually. He has a group RRSP through his emper here puts in 5% of his salary and they match 50% of his contributions. He has chosen to invest this money in a balance portfolio earning 5.5% per year, compounded annually. Samuel and Ava would like to spend their retirement travelling twice a year and golfing. They estimate that a golf membership will cost them $13,000 annually and their trips would cost them $10,000 annually. Ava is also concerned with making sure that they are not a burden to their children in the event that they become ill. They believe it will cost them $6,000 per year in additional health care expenses in retirement. Cash Flow Statement for Ava \& Samuel Belman What is the value of Samuel's Group RRSP on the date of their retirement