answersLogoWhite

0


Best Answer

fixes ratio method

User Avatar

Wiki User

13y ago
This answer is:
User Avatar
More answers
User Avatar

AnswerBot

1d ago

The replacement ratio method assumes retirement expenses will be a fixed percentage of preretirement needs, typically ranging from 70-80%. It is calculated by dividing desired retirement income by preretirement income.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Which of the following methods for estimating retirement income needs assumes retirement expenses will be some fixed proportion of your preretirement needs?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Gerontology

Which of the following is NOT a retirement benefit under the Blended Retirement System.?

Monthly annuity for life.


Which of the following statements best explains why some people are more committed to saving for retirement than others?

Some people may have a higher level of financial literacy, understand the importance of saving for retirement, have clear retirement goals, or have experienced the consequences of not saving enough. Personal values, beliefs, and attitudes towards money can also influence an individual's commitment to saving for retirement. Social influence and external factors such as income level, access to retirement plans, and economic stability can also play a role in determining one's commitment to saving for retirement.


George Thriftless is 45 years old, earns $50,000 per year, and expects that his future earnings will keep pace with inflation, but will not exceed inflation. He has not yet saved anything toward his retirement. His company does not offer any pension plan.?

George Thriftless should start saving for retirement as soon as possible. He can open an individual retirement account (IRA) and contribute to it annually. It is recommended to save at least 10-15% of his income for retirement. Additionally, he could consider investing in low-cost index funds or other retirement-specific investments to help grow his savings over time.


Why should you Plan for Retirement?

Planning for retirement is crucial because it allows you to ensure financial stability and security in your later years. By saving and investing early, you can build a nest egg that will provide income when you no longer work. Having a retirement plan also helps you set goals, track progress, and make adjustments as needed to reach your desired lifestyle in retirement.


Which of the following are advantages to Service members who participate in the Blended Retirement System with respect to the Thrift Savings Plan?

Service members who participate in the Blended Retirement System with respect to the Thrift Savings Plan benefit from matching contributions from the government, portability of funds upon separation from the military, and the option to contribute their own funds to further grow their retirement savings.

Related questions

Which are the best estimating software programs?

There are a lot of estimating software programs avaiable in the interent. The following gives you a fair idea of estimating software programs and their reviews from the customers - http://construction-estimating-software-review.toptenreviews.com/


Which are the best programming softwares?

There are a lot of estimating software programs avaiable in the interent. The following gives you a fair idea of estimating software programs and their reviews from the customers - http://construction-estimating-software-review.toptenreviews.com/


Which of the following is NOT a retirement benefit under the Blended Retirement System.?

Monthly annuity for life.


Which of the following is not a proportion?

5/3


What is of the following ratios forms a proportion with 415?

Don't write "the following" if you don't provide a list.


Where can I get ratings of retirement facilities?

Yes, there is indeed a website that rates retirement facilities. You can find it on the following website: http://www.medicare.gov.


How does one plan for retirement?

To plan for retirement, begin with your employer's personnel department. They can help you with questions for retirement. You can also try the following link to help plan for your retirement: http://money.cnn.com/magazines/moneymag/money101/lesson13/.


Which one of the following investment vehicles provides before-tax savings to be used in the retirement planning process?

Which one of the following investment vehicles provides before-tax savings to be used in the retirement planning process?


Which of her following gave the department of labor a large role in protecting the retirement plans of American workers?

The Employee Retirement Income Security Act (ERISA) of 1974


Where can I find an FERS retirement calculator?

You can find an FERS retirement calculator at the following sites I found for you to look at. Here are the sites you can look at www.fedcalc.com/fers.jsp ,www.fedcalc.com/


Which company offers retirement planning software?

The following companies offer retirement planning software: Economic Security Planning Inc., who manufactures the ESPlannerBasic software; and WealthTrace.


How do you find out if two ratios from a proportion?

A proportion is simply a statement that two ratios are equal. It can be written in two ways: as two equal fractions a/b = c/d; or using a colon, a:b = c:d. The following proportion is read as "twenty is to twenty-five as four is to five."