Elin wants to retire in 20 years when she turns 60. Elin wants to have enough money to replace 120% of her current income less what she expects to receive from Social Security. She expects to receive $20,000 per year from Social Security in today’s dollars. Elin is conservative and wants to assume a 6% annual investment rate of return and assumes that inflation will be 3% per year. Based on her family history, Elin expects that she will live to be 95 years old. If Elin currently earns $100,000 per year and expects her raises to equal the inflation rate, approximately how much does she need at retirement to fulfill her retirement goals?

Sydney has a portfolio with 50 shares of AAA with a current value of $20 per share, a return of 12%, and a beta of 1.30. She also has 25 shares of BBB with a return of 10%, a 0.80 beta, and currently priced at $60 per share. Finally, she owns 75 shares of CCC priced at $50 per share, with a 1.1 beta and a 14% return. What is the weighted average portfolio return of Sydney’s portfolio?

John, age 58, has been using a CFP® practitioner for the last 15 years. The CFP® practitioner recently retired and, as a result, John has decided to engage Tom, who is also a CFP® practitioner, but unaffiliated with John’s original practitioner. After analyzing and evaluating John’s current financial position, Tom made his recommendations. Those recommendations differed from that of John’s original practitioner. According to the Practice Standards, how should the differing recommendations be handled?

Solve the radical expression. Simplify completely. Use exact answers (radicals and fractions). a.

Ryan and Erin, both age 30, file their income tax return as Married Filling Separately. Ryan, a poet, has annual income of $18,000, and Erin, a psychologist, has annual income of $60,000. How much can they each contribute to a Roth IRA?

Kim and Warren are both 67 years old and healthy. They are filing their tax return and want to know what their standard deduction amount will be. You correctly inform them that their standard deduction will be:

Solve the radical expression. Simplify completely. Use exact answers (radicals and fractions). a.

Think back on everything you have learned this quarter. What is something that you could not do on the first day but now you are confident you could teach to someone else?

A U.S. citizen can gift an unlimited amount to his non-U.S. citizen spouse tax free.

Which of the following is NOT a party to a trust?