The client currently is 46 years old, with an income of about $126,000 per year. His goal is to retire between ages 62 and 67 and to have enough savings to live comfortably in about the same fashion he does now (with some money available for expanded travel). The clients accumulated savings for retirement total $137,000. His employer contributes around $10,000 per year into the retirement fund, while he has been contributing $7,500.

QS2- How much should he be saving?

Q1. Answer concisely the following questions:

A- What do we know?

B- What can we assume?

C- What could the results look like?

D- What can we ask the client?

E- Are there any similar situations or problems?

Q2. Formulate one or more problem statements

Q3. What are the decisions, outcomes, and relationships in the problem?

Q4. Draw an influence chart of the problem (use the shapes suggested in the Powell and Blatt book)

Q5. In what ways could we simplify the problem? (Hint: Think about modules or assumptions)

Q6. What modules will we need to build?

Q7. What are the key relationships in the problem? Draw their graph

Q8. What are the parameters of the problem?