Planit:Single Needs Illustration Calculator Exercise
From Planipedia
Country Specific
|
|---|
 Canada English | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund $10,000 per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
 United States of America | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund $10,000 per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 Argentina | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 Brazil | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 United Kingdom | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 34 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund £10,000 per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 Russia | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 China | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 Malaysia | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
You and Your Spouse want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 34 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Your Spouse currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. You saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Lang wants to ensure she can fund four years of university tuition and residence for her son, Hui. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Hui is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingHui can cover the remainder through his own savings or scholarships. Lang is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 Singapore | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
You and Your Spouse want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 34 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Your Spouse currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. You saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Lang wants to ensure she can fund four years of university tuition and residence for her son, Hui. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Hui is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingHui can cover the remainder through his own savings or scholarships. Lang is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 Hong Kong | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 India | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
Caribbean
| |||||
|---|---|---|---|---|---|
Solve for the following problem:Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}. Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}. Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually. They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
Solve for the following problem:Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}. Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}. Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant. From the Single Needs Analysis Summary Report, identify the:
|
Jamaica  Trinidad and Tobago | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 Barbados | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 Bermuda | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 Bahamas | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
 Puerto Rico | ||
|---|---|---|
| style="float:right; background:none;" | ||
|
Solve for the following problem:
Lynne and Tom want to ensure that they can fund a comfortable retirement lifestyle starting at age {{{retirement age}}}. Right now they are 40 and {{{age 2}}} respectively, and their assumed mortality is age {{{Assumed mortality}}}. Their inflation assumption is {{{inflation}}}.
Note: For Canada, Lynne and Tom are both fully eligible for {{{benefits}}}.
Tom currently saves {{{savings}}} towards his {{{account 1}}}, which already has capital of {{{account balance 1}}}. Lynne saves {{{savings 2}}} towards her {{{account 2}}}, with a balance of {{{savings}}}. The rate of return for these registered investments is only {{{rate of return}}}. They have some {{{investments}}} worth {{{money investments}}}, but are not currently saving anything into them. Their {{{account 3}}} is growing at {{{portfolio growth rate}}} annually.
They also said that they only require {{{requirement}}} annually to fund their retirement lifestyle.
- From the Single Needs Calculator, what is the value of the present value of their total surplus or deficit? $_____
- What are the Planning Alternatives that would allow them to achieve their retirement objective? _____
- Income Available $_____
- Annual Registered Savings $____
- Rate of Return on Non-Registered Investments _____
- % Delayed Retirement Age ______
Solve for the following problem:
Susan wants to ensure she can fund four years of university tuition and residence for her son, Mike. Due to the continually rising costs of post-secondary education, they want to assume that the rate of inflation is set at {{{Inflation rate}}}.
Mike is 16-years old. Susan wants to fund {{{Education Amount}}} per year, suggestingMike can cover the remainder through his own savings or scholarships. Susan is currently saving {{{annual savings))) annually into an {{{account 4}}} account, with {{{current investments}}} already invested with a rate of return of {{{rate of return 2}}}.
Note: For Canada, these savings will qualify her for the $500 Canadian Education Savings Grant.
From the Single Needs Analysis Summary Report, identify the:
- Overall Deficit in Today’s Value:$_____
- Reduced Income Requirement:$_____
- Age at which Mike could Attend for 4 Years:____
- Annual Registered Savings Required:$_____
|}
|}
|}
Check the accuracy of your client against the answer key
