CMIS2250 MIS Analytics FALL 1201 2020 Section How much will he have to live on

Cmis2250 mis analytics fall 1201 2020 section how

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CMIS2250 – MIS & Analytics FALL (1201) - 2020 Section How much will he have to live on when he retires? Is his current rate of savings adequate to meet his goal of retiring at 65 years of age AND last him and Madelyn until they reach their early to mid-90’s? If not, how much should he be setting aside each year? How long after retirement will he be able to live comfortably? What are the risks he faces, and how should his retirement planning take these risks into account? Other pieces of information that Greg has provided you for your analysis include the following: Monthly expenses: Food & Household items: $550.00 Utilities: $200.00 (average) Telecom/internet/streaming TV: $250.00 Entertainment: $250.00 Travel/Vacations: $ 400.00 (averaged monthly) Mortgage: $1200.00 Insurance (auto, home, & life): $485.00 Maintenance & Repairs: $350.00 (home & autos) Fuel: $200.00 (2 autos) Miscellaneous: $275.00 Total estimated monthly expenses: $4160.00 Estimated tax rate applied: 19%
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