1. According to this guide, what are the six components of the retirement equation?
a.
b.
c.
d.
e.
f.
2. What is the probability that at least one member of a couple will survive to age 95 if both partners are currently age 65? What does this imply for your retirement plan?
3. What is the full retirement age for someone born after 1960?
4. Current income tax rates are…
a. Historically high
b. Historically low
c. Historically about average
5. If your client expects to live until age 90 and earn a 5% net return on their investments, what is the optimum age to claim social security?
6. Under their model assumptions, how much should an age 45 client earning $250,000 per year have saved? What would happen to that amount if the inflation rate turns out higher than they assumed?
7. On slide 14, how much income would the retirement portfolio have to produce each year to replace a $150,000 gross income? Explain why this is the case.
8. On slide 22, what method is shown for extending the life of the retirement portfolio? Can you think of a disadvantage of using this approach?
9. What percentage of men over age 65 are expected to need less than two years of long-term care?
10. What is the average annual cost of nursing home care in NC?
