Retirement plan for a client.

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Prepare a retirement plan for a client. Select the gender (required) and occupation of this client. (Female Auditor)

Based on your person’s age and gender, you must determine:

Beginning expected salary (2021$)

Endging expected salary (2021$)

Beginning expected take-home pay (2021$)

Endging expected take-home pay (2021$)

Growth rate of salary per year

 

Age at beginning of Work Life

Age at beginning of Retirement

Years to retirement (calculated)

Age at death

Inflation rate

Appreciation rate

Ending expected salary (retirement year$) (calculated)

Social Security monthly*** (https://www.ssa.gov/OACT/quickcalc/) 2020$

Social Security monthly 2065$

 

 

Give source–assume the same rate while working and during retirement.

Assume 2021 amounts adjusted to retirement year and adjusted for inflation

†Calculated using above data

 

Prepare your plan using these assumptions:

The individual

has no assets when they begin work,

seeks to maintain a constant real budget during each year of retirement (i.e., the budget will increase at the rate of inflation),

desires a have no assets at death.

Is at the beginning of their career

The salary increases at the same rate each year.

Assume deductions from gross pay = 20%, including payroll tax is 7.65%

 

 

Sample Solution

A lot of our clients ask, “Do I have enough money to fund my retirement years?” you may be nursing the same question too. To have a successful transition from decades of employment to your retirement years involves much more than having sufficient assets. To do so, you also need to make decisions that give you financial independence, freedom and peace of mind. Our “Path to Financial Independence” graphic illustrates the financial planning objectives associated with specific career stages. Understand the needs and preferences of potential retirement plan sponsors to find a plan that’s right for them. Follow these steps to gather the information you need to deliver the best retirement solution.

used around the world. It had been announce recently that Internet address are to allow non Latin character as addresses, this means in future, Chinese character forming the web address is highly possible [Choe, 30 Oct 2009]. While the impact of this is still uncertain, but company that market target country using non-Latin character as language like China and Japan will definitely need to adapt to this change.

4.0 Industrial Analysis

4.1 Threat of new entrants

The airline industry require a huge capital investment, with at least millions of capital required before any business process, it is estimate that the company require approximately $1 of capital to generate $1 of revenue. It would require a lot of logistic works, highly skilled personal such as pilots, aircraft technicians and specialise managerial personnel which are often limited in resources in the industry. Limited access to airport and route are also another difficulty post to new entrant [Calingo. 1997]

As the Asia Pacific region move toward free trade and deregulation of airspace, more opportunity are created. Since introduce by America Southwest Airlines in 1973, Low Cost Carrier (LCC) have gain popularity and proven to be profitable [Uherek, 2006]. Many new companies had been form to provide this service around the Asian region around 1990s, currently Asia region have over 60 of such LCC mainly offering short distance flight within same country. Some of these airlines have started to offer long haul budget airline, for example Air Asia had introduce Air Asia X in 2007 that offer flight from Malaysia to London, Australia and India [Kent, 5th Jan 2007]. Although these Low Cost Carrier (LCC) were not yet considered as a direct competition to SIA as the target market for these airlines is more for cost conscious traveller, it is possible that in not so distance future, these LLC will venture into the premium market sector when the company reach certain level of business expertise. This trend is highly possible and should not be overlooked by SIA in the long run. It would be safe to assume that the treat of new entrants are remains low at the moment.

4.2 Rivalry among existing firms

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