# A person who is retiring at the age of 65

• ### Bob and Barbara are 55 and 50 years old. Bob

(Solved) January 16, 2013

contributes \$2,000 to Mike’s IRA. They plan to make contributions until Mike retires at age 65 and then leave the funds in as long as possible (i.e., age 70 to ease calculations). Both Barbara’s and Mike’s IRAs yield 10 percent annually. The combined life expectancy of both couples is to age 85 of...

Solution: Bob and Barbara couple: Value of fund at Bob's age of 65= A*[(1+r)^n-1]/r = 1500*[(1+.10)^10-1]/.10 = 23906 Value of fund at Bob'e age of 70 = 23906 * (1+i)^n = 23906 * (1+.10)^5 =...
• ### Retirement Plans and Investment Choices. If Bozena participates

(Solved) January 20, 2013

and is in the 20 percent federal income tax bracket? 3. If she retires at age 67, given the amounts in (1) and (2), how much can Bozena withdraw and spend each year for 20 years from each alternative? Assume she continues to earn 10 percent (before tax) and remains in the 20 percent federal income...
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