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(PDF) A Practical Approach to Retirement Planning

   

Added on  2021-04-21

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(PDF) A Practical Approach to Retirement Planning_1
1By student name ProfessorUniversityDate: 07 March 2018.1 | P a g e
(PDF) A Practical Approach to Retirement Planning_2
2ContentsQuestion No. 1: WEALTH GROUNDING – FOUNDATIONAL PART................................................................3Question No. 2: WEALTH ACCUMULATION - INVESTMENT PLANNING.......................................................6Question No. 3: WEALTH ACCUMULATION - RETIREMENT PLANNING........................................................7References.................................................................................................................................................102 | P a g e
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3Question No. 1: WEALTH GROUNDING – FOUNDATIONAL PARTa.The cash flow statement for the period 01.01.2017 to 31.12.2017 has been shown below in thegiven template:Amount ($)Amount ($)INFLOWSActive IncomeGross salary and bonus 60,000(including employee CPF)Employer CPF contribution 10,000Passive Income Home business 10,000Dividend income 6,500Interest income 3,00089,50089,500OUTFLOWSSavings 8,000Fixed OutflowsCPF for house mortgage 20,000Additional cash for house6,500mortgage Car loan payments 4,800Insurance premiums 5,200Total fixed outflows 36,500Variable OutflowsTax 5,600Food 6,200Transportation 3,150Clothing 2,450Entertainment/vacation 4,450Medical/dental care 1,200Utilities/household expenses1,000Miscellaneous 1,450Total variable outflow 25,50070,00070,00019,500TOTAL OUTFLOWS NET INFLOW TOTAL INFLOWS ParticularsStatement of Cash FlowAs of 31 December 20173 | P a g e
(PDF) A Practical Approach to Retirement Planning_4

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