Question
Your name = Information such as ages should be consistent with your submitted Homework #1. Please note here any differences between assumptions for this assignment
Your name = |
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Information such as ages should be consistent with your submitted Homework #1. Please note here any differences between assumptions for this assignment and Homework #1 |
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Initial age of head = | 30 |
Initial annual pretax salary of head = |
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Initial annual AFTERTAX salary of head = (use 80% of pretax salary or justify some other percentage) |
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Initial annual pretax salary of spouse/partner = |
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Initial annual AFTERTAX salary of spouse/partner = (use 80% of pretax salary or justify some other percentage) |
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Total aftertax household earned income at age 30 = |
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Pretax salary of head last year before retirement (in todays dollars) = |
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Aftertax salary of head last year before retirement (in todays dollars) = |
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Pretax salary of spouse/partner last year before retirement (in todays dollars) = |
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Aftertax salary of spouse/partner last year before retirement (in todays dollars) = |
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Total aftertax household earned income last year before retirement = |
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Total Social Security Pensions of Household (note if retire before 62, set income to zero until they turn 62) = |
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Suggested spending at age 30 = |
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Suggested saving out of income when head age is 30 = $ |
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Suggested saving as a % of household aftertax income when head age is 30 = % |
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Does the suggested amount to save out of income in year 1 make sense? |
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