OTHER: You did this paper for me last term and I got ( 3 out 10 ). I did drop the course and I am taking it this semester. Now I have almost the exact same case that is due in less than 15 hours with so litter differences that would not affect your 4 or 5 pages answwer because in the files I did provide you with your final answer to case but I changed few numbers and the clients names only. What I need from is
** The assumptions (1)both die at age of 90 (2) the ROR is 6% and inflation is 2% so real rate of return is 4%( needed for annuity calculation, PV and FV calculations (3) The couple needs $100,000 annualy after retirement
1- Change you answer and make and make it directly to the client ( TOM AND TEA ) as your writing is general and (The objective is to provide information that a client (not a professor) would like to have on how to help them retire comfortably) this is one of the instruction thta you may have overlooked.
2- Calculate (CPP for both) + (OAS for both) + (TOM’s old DB = Defind benefits and his DC= Defind contribution) + ( TEA’s DB ) + (RRSP) +(TSFA) it would be great if you put them in a schedule and refer to them in your writing. Because your answer does not tell them if what they will get when they retire. ( some calculation needs pv and fv calculation and some don’t Please use a finanacial calculator NOT EXCEL)
3-Suggest that they pay their mortgage to retire without debts and put their commen shares under their RRSP or sell them and put pay their mortgage ( stock today’s price Canadian dollars)
4- Say whether this couplecan make 100,000 annualy and is not what they will need to do ( based in your calculation.
5- Do not think or mention taxes at all. Assume there is no taxes at all.
Please read the new case that I provided you in the files and base your answer on it and when you want to edit please edit the file that I attached as I already made changes to it. It is called (EDITED ANSWER).