Question

In: Economics

Give your thought regarding the government acceleration of vesting schedules for retirement plans and allowing automatic...

Give your thought regarding the government acceleration of vesting schedules for retirement plans and allowing automatic enrollments? Also, why are there so many "discrimination tests" required for qualified benefit plans? Support your statements with data.

Solutions

Expert Solution

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

In planning for your retirement, you are considering the various CPF LIFE annuity plans. For the...
In planning for your retirement, you are considering the various CPF LIFE annuity plans. For the Basic Retirement Plan (BRP), the sum required upfront is $85,500 and it pays out $750 monthly for as long as you live. Alternatively, the Enhanced Retirement Plan (ERP) requires a sum of $256,500 and the monthly payout is $2,000. For both annuity plans, interest earned is 4% per annum and payout is made at the end of each month when you turn 65. To...
You’re looking at your parents’ retirement plans and studying the differences between their saving habits. On...
You’re looking at your parents’ retirement plans and studying the differences between their saving habits. On her thirty-first birthday, your mother Virginia invested $4,000 into her employer’s retirement plan, and she makes annual $4,000 payments for 9 years, so that her total contribution (principal) is $36,000.00. Your mother then stops making payments into her plan and keeps her money in the savings plan, untouched for 24 more years until retirement at age 63.00. Your father Anthony starts putting money aside...
As we plan for retirement, how should/does God’s direction in your life and your attitude regarding...
As we plan for retirement, how should/does God’s direction in your life and your attitude regarding retirement funding affect your retirement planning? Is there a balance between hoarding and being prepared? If yes, how do we achieve it?
Should the government try to limit population growth and if so, how? share your thought
Should the government try to limit population growth and if so, how? share your thought
What are some things you will need to consider when writing your financial plans for retirement?
What are some things you will need to consider when writing your financial plans for retirement?
Quantitative Problem 2: You and your wife are making plans for retirement. You plan on living...
Quantitative Problem 2: You and your wife are making plans for retirement. You plan on living 30 years after you retire and would like to have $100,000 annually on which to live. Your first withdrawal will be made one year after you retire and you anticipate that your retirement account will earn 10% annually. What amount do you need in your retirement account the day you retire? Do not round intermediate calculations. Round your answer to the nearest cent. $   ...
Use the following information regarding your retirement planning: You plan to work (and save) for 35...
Use the following information regarding your retirement planning: You plan to work (and save) for 35 years, then retire (and spend money from your retirement account) for 25 years. After these 60 years, you expect that your retirement saving account will have $50,000 left to give to your family. You plan to save $4,000 in year 1, and you will increase this amount by 3% a year You want your retirement spending to increase by 2% per year You expect...
Use the following information regarding your retirement planning: You plan to work (and save) for 35...
Use the following information regarding your retirement planning: You plan to work (and save) for 35 years, then retire (and spend money from your retirement account) for 25 years. After these 60 years, you expect that your retirement saving account will have $50,000 left to give to your family. You plan to save $4,000 in year 1, and you will increase this amount by 3% a year You want your retirement spending to increase by 2% per year You expect...
Explain how diversification can reduce the risk in your retirement portfolio. Give an example
Explain how diversification can reduce the risk in your retirement portfolio. Give an example
There are many myths regarding raising children. In this discussion, you will give your opinions of...
There are many myths regarding raising children. In this discussion, you will give your opinions of some of these ideas. For each of the following statements, indicate whether you agree or disagree and why using complete sentences. 1. My baby started walking and talking earlier than other babies. I know he will be smart. 2. I pick up my baby as soon as she starts crying. My friend thinks I am going to spoil her. 3. I want to have...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT