The case study is written below and i need help answering questions A-E please!   The Johnsons consider retirement planning. Harry Johnson’s father, William, was recently forced into early retirement at age 63 because of poor health. In addition to the psychological drawbacks of the unanticipated retirement, William’s financial situation is poor because he had not planned adequately for retirement. His situation has inspired Harry and Belinda to take a look at their own retirement planning. Together they now make about $200,000 per year ($110,000 for Belinda and $90,000 for Harry) and would like to have a similar level of living when they retire. Harry and Belinda are both in their early 40s and they recently received their annual Social Security Statements indicating that they each could expect about $22,000 per year in today’s dollars as retirement benefits in 25 years at age 67. Although their retirement is a long way off, they know that the sooner they put a plan in place, the larger their retirement nest egg will be.   a) Belinda believes that the couple could maintain their current level of living if their retirement income represented 90 percent of their current annual income after adjusting for inflation. Assuming a 4 percent inflation rate, what would Harry and Belinda’s annual income need to be over and above their Social Security benefits when they retire at age 67? (Hint: use appendix A-1 or visit Garman/Forgue companion website.)   b) Both Harry and Belinda are covered by defined-contribution retirement plans at work. Harry contributes $5,400 to his plan and his employer put in $2,700. Belinda contributes $6,600 and her employer puts in $3,300. Assuming a 7 percent rate of return, what would their combined retirement nest egg (now valued at $400,000) total 25 years from now if they keep contributing? (Hint: use appendix A-3 or visit Garman/Forgue companion website.)   c) For how many years would the retirement nest egg provide the amount of income indication in Question (a)? Assume a 4 percent return after taxes and inflation. (Hint: use appendix A-4 or visit Garman/Forgue companion website.)   d) One of Harry’s dreams is to retire in his fifties. What would the answers to Questions (a), (b), and (c) be if he and Belinda were to retire in 12 years?   e) What would you advise Harry and Belinda to do to meet their income needs for retirement?

François, an insurance agent with Safe Life Insurance Co., meets with Thomas and Annie Fortin to assess their life insurance needs. The Fortins are a single-income family with two children: a two-year- old and a four-year-old. Annie, the sole income earner, is an anesthetist with a hectic and unpredictable work schedule at the hospital Thomas is the primary caregiver and stay-at-home parent. He does not earn an income. Annie's income is sufficient to cover the family's savings and expenses. During the meeting, François gathers relevant information to assess the loss of income that would result from Annie's death. Should François also assess the financial impact that would result from Thomas's death? Select one correct answer from the list 1. Yes, Thomas's sense of self-worth would suffer if he was not included in the analysis Yes, Thomas' death may have a financial impact on Annie's ability to keep earning a sufficient income. No, Annie's income already covers the family's savings and…

Upon Jena’s retirement, the couple plans to relocate their home close to the beach. For this purpose, they intend to buy a house near the beach and a rental property (to fund their retirement). They do not have the funds to make these purchases. Please explain to the couple the downsizing retirement strategy most appropriate to their circumstance.

Ann, who is age 22, just returned to the work force last week after giving birth to twins. She has limited disposable income. She is healthy now but her family history indicates the incidence of stroke. She would like some insurance coverage for her children’s education in the event of her death. What kind of plan would you recommend to Cindy?