- Tax Planning
- Investments 1: Before you Invest
- Investments 2: Your Investment Plan
- Investments 3: Securities Market Basics
- Investments 4: Bond Basics
- Investments 5: Stock Basics
- Investments 6: Mutual Fund Basics
- Investments 7: Building Your Portfolio
- Investments 8: Picking Financial Assets
- Investments 9: Portfolio Rebalancing and Reporting
- Retirement 1: Basics
- Retirement 2: Social Security
- Retirement 3: Employer Qualified Plans
- Retirement 4: Individual and Small Business Plans
- Estate Planning Basics
Case Study #2
Data:
Greg is fifty years old and has been working for ten years with a company that has a defined benefit plan. The formula is the five highest annual salaries within the last ten years multiplied by a company-determined factor of 1.5%, times years in service (to a maximum of thirty-three). Assume that Greg stays with the company until his retirement at age sixty-five and his highest five years’ annual salaries average $60,000.
Calculations:
A. How much can Greg expect to receive annually at retirement?
B. What is the percent of his final five-year average salary?
