This case study examines John's personal financial planning for retirement. John is currently 20 years old and plans to retire at age 60. He wants $31,020 per year in retirement income adjusted for inflation from his superannuation. The case study estimates John's salary growth over his career, contributions to his super fund from his employer and government, investment returns on his super balance, and projections for how much he will have in his super at retirement age to support his desired income level. It also considers options like salary sacrificing, changing investment risk levels, and working longer to increase his superannuation balance and retirement income.
Are you looking for personal finance investing? Learn best Money Investing Ideas & 401k Investing Strategy. Learn investing carefully.
https://millennialmoneyminute.com/category/investing-carefully/
One Super Fund can save you all the hassle of consolidating your super. We offer three levels of service that range from the basic consolidation to a full financial service.
Understanding annuities once and for allKirk Ashburn
Your guide to understanding the fundamentals of annuities, including their pros and cons, in an easy to understand manner so you can make an educated decision. Is guaranteed income for the rest of my life important to me? Is protecting the downside of my investment important to my family? Will I sleep better at night knowing that my investment will not lose value if the market drops tomorrow?
Are you looking for personal finance investing? Learn best Money Investing Ideas & 401k Investing Strategy. Learn investing carefully.
https://millennialmoneyminute.com/category/investing-carefully/
One Super Fund can save you all the hassle of consolidating your super. We offer three levels of service that range from the basic consolidation to a full financial service.
Understanding annuities once and for allKirk Ashburn
Your guide to understanding the fundamentals of annuities, including their pros and cons, in an easy to understand manner so you can make an educated decision. Is guaranteed income for the rest of my life important to me? Is protecting the downside of my investment important to my family? Will I sleep better at night knowing that my investment will not lose value if the market drops tomorrow?
Looking for quick, easy, and cost-effective solutions to improve your peer-to-peer fundraising site? CD Labs has some bright ideas to share with you.
Learn how Charity Dynamics can get you up and running with these exciting new features within two weeks time and for less than $10,000 investment:
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Orbit One organiseert 3 ShareCafés rond het topic van het Nieuwe Werken.
In dit ShareCafé tonen we hoe wij bij Orbit One onze dagelijkse tools gaan inzetten om efficiënter en slimmer te gaan werken. We mixen Lync, DirectAccess, OneNote & SharePoint tot een verrassende combinatie met garantie op succes en efficiëntie.
Laat je inspireren en ontdek hoe ook jij vlotter kan gaan samenwerken met je collega's en klanten.
7 июля в рамках встречи Open Days Ingria выступил Михаил Цыганков, руководитель группы по работе с партнерами и технологическими предпринимателями Microsoft Russia.
Governance - a citizen’s jury | Biocity StudioBiocity Studio
There is a very complex structure of the relationship between the different governances, e.g. State, Federal, Local and Community. The crisis issue is the potential for corruption, power of political donations, lack of community consultation, transparency and accountability. This presentation discusses a proposal for a citizen’s jury in the part 3a process in NSW.
17 Retirement and Estate PlanningYOU MUST BE KIDDING, RIGHT.docxherminaprocter
17 Retirement and Estate Planning
YOU MUST BE KIDDING, RIGHT?
Rachel Jones is 27 years old, and she recently took a new job. Rachel had accumulated $6000 in her previous employer's 401(k) retirement plan, and she withdrew it to help pay for her wedding. How much less money will Rachel have at retirement at age 67 if she could have earned 8 percent on the $6000?
A. $6000
B. $24,000
C. $96,000
D. $130,000
The answer is D. Spending retirement money for discretionary purposes, instead of keeping it in a tax-deferred account where it can compound for many years, is unwise. The lesson is to keep your retirement money where it belongs!
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
Estimate your Social Security retirement income benefit.
Calculate the amount you must save for retirement in today's dollars.
Distinguish among the types of employersponsored tax-sheltered retirement plans.
Explain the various types of personally established tax-sheltered retirement accounts.
Describe how to avoid penalties and make your retirement money last.
Plan for the distribution of your estate and, if needed, use trusts to lower estate taxes.
WHAT DO YOU RECOMMEND?
Juliana Pérez Rodríguez, age 48, worked for a previous employer for eight years. When she left that job, Juliana left her retirement money in that employer's definedcontribution plan. It is now worth $120,000. After getting divorced and remarried four years ago, she has been working as an assistant food services manager for a convention center in Chicago, earning $70,000 per year. Juliana contributes $233 each month (4 percent of her salary) to her account in her employer's 401(k) retirement plan. Her employer provides a 100 percent match for the first 4 percent of Juliana's salary contributions. Company rules allow her to contribute a total of 8 percent on her own. Juliana's 401(k) account balance at her new employer is $21,000. Her husband Fernando, with whom she shares the same birthday, is a computer programmer working on contract for various companies and earns about $90,000 annually. When Juliana returned from a vacation with her husband, she found that her father had suffered a serious stroke. Despite undergoing physical therapy, he is now in a nursing home and likely will be there the rest of his life. Juliana is hoping that she and Fernando can retire when they both are age 65.
What do you recommend to Juliana and Fernando on the subject of retirement and estate planning regarding:
1.How much in Social Security benefits can each expect to receive?
2.How much do they each need to save for retirement if they want to spend at a lifestyle of 80 percent of their current living expenses?
3.In which types of retirement plans might Fernando invest for retirement?
4.What withdrawal rate might they use to avoid running out of money during retirement?
5.What three types of actions might they take to go about transferring their assets by contract to avoid probate?
YOUR NEXT .
17 Retirement and Estate PlanningYOU MUST BE KIDDING, RIGHT.docxaulasnilda
17 Retirement and Estate Planning
YOU MUST BE KIDDING, RIGHT?
Rachel Jones is 27 years old, and she recently took a new job. Rachel had accumulated $6000 in her previous employer's 401(k) retirement plan, and she withdrew it to help pay for her wedding. How much less money will Rachel have at retirement at age 67 if she could have earned 8 percent on the $6000?
A. $6000
B. $24,000
C. $96,000
D. $130,000
The answer is D. Spending retirement money for discretionary purposes, instead of keeping it in a tax-deferred account where it can compound for many years, is unwise. The lesson is to keep your retirement money where it belongs!
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
Estimate your Social Security retirement income benefit.
Calculate the amount you must save for retirement in today's dollars.
Distinguish among the types of employersponsored tax-sheltered retirement plans.
Explain the various types of personally established tax-sheltered retirement accounts.
Describe how to avoid penalties and make your retirement money last.
Plan for the distribution of your estate and, if needed, use trusts to lower estate taxes.
WHAT DO YOU RECOMMEND?
Juliana Pérez Rodríguez, age 48, worked for a previous employer for eight years. When she left that job, Juliana left her retirement money in that employer's definedcontribution plan. It is now worth $120,000. After getting divorced and remarried four years ago, she has been working as an assistant food services manager for a convention center in Chicago, earning $70,000 per year. Juliana contributes $233 each month (4 percent of her salary) to her account in her employer's 401(k) retirement plan. Her employer provides a 100 percent match for the first 4 percent of Juliana's salary contributions. Company rules allow her to contribute a total of 8 percent on her own. Juliana's 401(k) account balance at her new employer is $21,000. Her husband Fernando, with whom she shares the same birthday, is a computer programmer working on contract for various companies and earns about $90,000 annually. When Juliana returned from a vacation with her husband, she found that her father had suffered a serious stroke. Despite undergoing physical therapy, he is now in a nursing home and likely will be there the rest of his life. Juliana is hoping that she and Fernando can retire when they both are age 65.
What do you recommend to Juliana and Fernando on the subject of retirement and estate planning regarding:
1.How much in Social Security benefits can each expect to receive?
2.How much do they each need to save for retirement if they want to spend at a lifestyle of 80 percent of their current living expenses?
3.In which types of retirement plans might Fernando invest for retirement?
4.What withdrawal rate might they use to avoid running out of money during retirement?
5.What three types of actions might they take to go about transferring their assets by contract to avoid probate?
YOUR NEXT ...
For Those Who Want to Prosper & Thrive in Retirementfreddysaamy
http://ekinsurance.com/financial/retirement/
Our core capital should be designed to outlive us. In fact, it’s important for you to start thinking about your money in terms of it outliving you, not the other way around. You don’t want to outlive your money.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
2. 2 Case study John will soon graduate as an engineer. He is aged 20 and expects to live to 81 His “preservation age” is 60. This is the age when he is allowed to withdraw money from his super to pay for living expenses. He plans to stop paid work at age 60. He wants $31,020 per year from his super when he stops work at age 60(adjusted for inflation). Any other savings outside super will simply provide extra spending money.
3. 3 Case studySalary estimate Salary estimations are keptconservative for a graduate. This salary estimations areindexed upwards by the expectedrate of wage rises (3.5%pa) Employer pays 9% of salary intoJohn’s super each year. Government takes out 15%contributions tax out of eachemployer contribution. This is less tax that the 30%+ income tax that John would pay if he took this money as salary.
4. 4 Case studyWillingness to take “risk” For a quality, diversified investment portfolio: risk does not mean “the risk of losing all your money” risk means “how much returns can vary from the average”. Eg. Low risk investment return = 5% +/- 1% per year Eg. High risk investment return = 8% +/- 20% per year Better to have higher returns and risk over 30 years. Let’s assume expected net returns are 7.01% p.a. Steady increase in super but may not be enough for financial independence in the long term Possibility of much more super in the long term but in some years your super will go down in value
5. 5 Case studySuperannuation projections John should have $511,400 in superat age 60. This amount has been adjusted for the effects of inflation at 2.5% p.a. (he actually will have a LOT more but it will buy less).
6. 6 Case studyWhat happens at age 60 John stops full time work and declares himself to be retired (still has the option to return to work later!). He keeps his money in the “superannuation system” but converts it into an “allocated pension”. This allocated pension pays a regular income of $30,600 per yearinto John’s bank account (paid monthly) tax free. Investment returns are tax free. He can increase or decrease this regular amount and can also make lump sum withdrawals at any time. His superannuation should last to about age 81.
7. 7 Case studyBoosting his superannuation Pick the high-growth investment option Increasing the riskiness of his portfolio will cause his super to fluctuate more from year to year. However, he should also have a lot more super in the long term. Bonus: $23,700 at age 60 … which means … Bonus: extra $1,680 income per year after age 60
8. 8 Case studyBoosting his superannuation Salary sacrificing $4,000 per year for 5 years now John can choose to voluntarily save an extra part of his salary or wage into super. Not only will he pay less tax, but it will also help him achieve your long term goals. Bonus: $80,700 at age 60 … which means … Bonus: extra $4,260 income per year after age 60
9. 9 Case studyBoosting his superannuation Planning to stop work at 65. Working for an extra 5 years can make an enormous difference to his super - especially when combined with the above factors. Bonus: extra $157,100 at age 65 … which means … Bonus: $14,290 income per year after age 65 BUT … five years less to enjoy your retirement!
10. 10 Case studyTips for John now Consolidate all of his super into one superannuation fund to cut down in administration fees and unnecessary insurance premiums. Make sure his super is invested in the “growth-option” and not the default option. Work towards a 5 year goal of building up at least $22,300 in his super. Provide his fund’s details to his new employer whenever he changes jobs. Consider salary sacrificing for a few years to jump-start his superannuation.
11. 11 Case studyWhat happens to John’s super if he dies? Superannuation is held “in trust” by the super fund on behalf of John. It is not directly owned by him so he can’t give instructions via his will. The trustee of the fund will pay his super to his dependants or next of kin or the beneficiaries he nominated on his application form. If none can be found then it will be paid to his estate. If super is paid to spouse or dependant child then they get it tax free. If paid to someone else then tax is taken out of balance.
12. 12 Case studyWhat if John’s super fund goes bankrupt? This is very unlikely to happen because super funds are closely regulated by APRA. Superannuation investments are held in a “trust” which is completely separate from the financial institution’s own accounts and assets. These “trusts” do not have any significant debts or liabilities so it is not really possible for them to go bankrupt. If financial institution goes bankrupt then trust remains separate and liquidator will sell off trust to another superannuation fun to administer. Bottom line – DON’T WORRY!