Alpha Geek

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Category > Business & Finance Posted 02 Jun 2017 My Price 8.00

A client has engaged you to advise her on how she is doing with her preparation for retirement

A client has engaged you to advise her on how she is doing with her preparation for retirement. She is a well-paid professional with a current salary of $150,000. She has 15 years until her full retirement age and wants to be able to retire at that time. She expects that her salary will increase about 2% each year until retirement. Client has a taxable brokerage account that now generates about $3,500 in dividends each year. This dividend income can be expected to increase by 5% each year. Client is vested in a small pension from a previous employer that will pay about $15,000 per year during retirement. There is no cost of living adjustment (COLA) for this pension, so the $15,000 figure will not change during the retirement years. Regarding Social Security, Client’s earnings have always been at or above the maximum amount subject to Social Security withholding. In terms of retirement savings, 20% of Client’s annual salary goes into her retirement savings accounts (10% her money with an employer contribution of 10%). If she needs to increase her retirement savings, she has access to a tax-sheltered account into which up to an additional 10% of her salary can go.

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Alpha Geek
(8)
Status NEW Posted 02 Jun 2017 04:06 PM My Price 8.00

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file 1496420137-336264_1_8489489.docx preview (494 words )
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