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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 =

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

Initial age of head =

30

Initial annual pretax salary of head =

Initial annual AFTERTAX salary of head = (use 80% of pretax salary or justify some other percentage)

Initial annual pretax salary of spouse/partner =

Initial annual AFTERTAX salary of spouse/partner = (use 80% of pretax salary or justify some other percentage)

Total aftertax household earned income at age 30 =

Pretax salary of head last year before retirement (in todays dollars) =

Aftertax salary of head last year before retirement (in todays dollars) =

Pretax salary of spouse/partner last year before retirement (in todays dollars) =

Aftertax salary of spouse/partner last year before retirement (in todays dollars) =

Total aftertax household earned income last year before retirement =

Total Social Security Pensions of Household (note if retire before 62, set income to zero until they turn 62) =

Suggested spending at age 30 =

Suggested saving out of income when head age is 30 = $

Suggested saving as a % of household aftertax income when head age is 30 = %

Does the suggested amount to save out of income in year 1 make sense?

salary info can be random

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