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You have commenced work as a certified Financial Planner. Your supervisor has provided the following financial data for a new client Gaye (c) Livermore. The

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You have commenced work as a certified Financial Planner. Your supervisor has provided the following financial data for a new client Gaye (c) Livermore. The client turned 45 years old today and plans to retire when she turns 60. The client owns a diversified share portfolio which is valued today at $125,000. account with a balance of $750,000 to which she currently contributes $1,000 per month. The superannuation to earn 8% per annum. At her retirement your client plans to consolidate her financial holdings and purchase a fund her planned lifestyle. Gay have $100,000 remaining to fun conservative investment strategy which will return 3% pa (compounded monthly) on her annuity investment. It is expected that this portfolio will earn (on average 6% per annum indefinitely. Gaye also has a superannuation account is expected to continue e believes she will need to self-fund her retirement until she reaches the age of 90 at which time she would lik d any costs not covered by the age pension. During the pension phase of her retirement Gaye will adopt a (i) What will be the value of Gaye's financial assets when she retires at age 60? (5 marks) (ii) What will be the monthly pension amount that Gaye will receive on her retirement

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