Retirement Planning

------------------------------------------------- Case on RETIREMENT PLANNING ------------------------------------------------- Question # 1: Explore the mess by answering the following questions: (a) What do we know? sorrel is a college professor, 46 year old. He is married to Margaret, aged 40 and has a daughter, Sue, aged 6. Bob sources of income are his college salary, research support lineage and other consultancy payments. His savings & investments are distributed amongst the following: * TIAA-CREF retirement savings storehouse. * termination Life Insurance Policy * Fidelity Growth and Income fund for his daughters college tuition fees. * short term notes market mutual fund. ( exact amounts are mentioned in fragment D). His primary concerns : 1. Is he accumulating his savings at an adequate charge per unit to meet his daughters college tuition fees requirements, travel extensively after he retires, and also live a scurvy life post retirement. 2. He is worried about the risks he faces and how he should plan his retirement to face these risks. (b) What provide we light upon? Assumptions we can make: 1. Bob on an average fetch $15000 from consulting, executive education and other activities.

2. Returns from TIAA-CREF is 13%, as hand over from long term bonds are approx 5% and Equity cash in hand returns are 15%. 3. The rainy day fund invested in short term money market mutual fund has negligible returns over a long period of time. 4. condition life insurance has a premium of $1200 per annum. 5. Bob doesnt have either siblings and hence in case of any mishappenings with his mother, he exit inherit her entire assets. 6. Bobs wife, Margaret doesnt have a sibling either and will inherit her mothers assests in case of her death. (c) What could the results look like? Results obtained can be divided into two categories Quantitative results Quantity| paragon results| Expected results|... If you want to get a full essay, inn it on our website: Orderessay

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