Jasmine amberlin age 40 single and from victorville, Ask an Expert

Finance

Jasmine Amberlin, age 40, single, and from Victorville, California, is trying to estimate the amount she needs to save annually to meet her retirement needs. Jasmne currently earns $30,000 per year. She expects to need 80 percent of her current salary to live on at retirement. Jasmine anticipates that she will receive $800 per month in Social Security benefits. Assume Jessica will be retired for 25 years and that she earns 3% beyond inflation and taxes in her retirement investments.

(a) What annual income would Jasmine need for retirement?

(b) What would her annual expected Social Security benefit be?

(d) How much annual retirement income will she need from her retirement funds?

(e) How much will Jasmne need to save by retirement in today’s dollars if she plans to retire at age 65 and live to age 90?

(f) Jasmine currently has $5000 in a traditional IRA. Assuming a growth rate of 8 percent, what will be the value of her IRA when she retires?

(g) How much additional money will she still need to save for retirement?

(h) What is the amount she needs to save each year to reach this goal?

View complete question

Financial Management, Finance

Category:- Financial Management
Reference No.:- M92869210

Have any Question?Write your Review or question?

Related Questions in Financial Management

Module 2 - slpstock and bond valuationfor your second slp

Module 2 - SLP STOCK AND BOND VALUATION For your second SLP assignment, continue to do research on the company you chose to write about for your Module 1 SLP. This time you will be doing research about the valuation of t ...

Situationthe law affects the business environment and every

Situation The law affects the business environment and every single business and organization. These laws and regulations often come to light in current events as businesses find themselves represented in the press, eith ...

Assignment - evaluating sensitivity to riskyou may do this

Assignment - Evaluating sensitivity to risk You may do this case individually or with one other person. Select three companies from different industries. Each company must have stock prices continuously available for Mar ...

Part ibullrequirement 1 using these two dashboards describe

Part I • Requirement 1: Using these two Dashboards, describe Sales and Cost of Goods Sold (COGS) in a short memo • Requirement 2: Using Tableau, recreate the first Dashboard (Sales by Store). The Summary box is optional. ...

1 analyze marketing opportunities using environmental

1. Analyze marketing opportunities using environmental scanning market data, measurement, and analysis. 2. Explain issues pertaining to marketing environment both internally and externally 3. Demonstrate an understanding ...

Read through the tree trimming project case in chapter 13

Read through the Tree Trimming Project case in chapter 13 of the textbook. This case refers to the earned value (EV) of the owner, Will Fence's Tree Trimming business. Will briefly describes his techniques for EV. Based ...

Nbsppad 6227fall2018nbspassignmenteach problem is worth

PAD 6227 Fall2018 Assignment Each problem is worth one-half of the grade for this assignment. Make sure to carefully edit your work. 1. The Department of Revenue wants to add more people to the unit that attempts to co ...

Tax brackets and deductionsconduct online research for

Tax Brackets and Deductions Conduct online research for federal income tax brackets for the current year. Which tax bracket do you fit into for your gross household income? How close is your gross household income to the ...

Uit analyzing and managing inventorydeliverable length

Unit: Analyzing and Managing Inventory Deliverable Length: 8-10 PowerPoint slides with speaker notes Library Research Assignment After the last report, the owners of Stone Horse Supply Company, John and Michael, have con ...

Assignment1 read the assigned case hbs case tesla motors

Assignment 1. Read the assigned case: HBS Case Tesla motors (in 2015): Tesla Motors, Inc. 2. Develop a one-page memo (500 words maximum, excluding the title, reference pages and appendices.) to answer these questions: 1. ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Financial Management Expert