Comparison Of Meg And Jo 's Superannuation Funds

4. For the questions 1-3 we found out a couple different cost functions that could be useful for Delta when predicting salaries for 2003 and 2004. The multiple regressions may be most reliable considering it uses multiple variables, but the single R square is better than multiple regressions.

1. Clarissa is considering two job offers. One has an annual salary of $61.1K and the other

The term 401 (k) is one that is heard quite often in today's. Most people know that it has something to do with retirement, but few young people know exactly how 401 (k) plans work or why they are becoming more and more popular. Additionally, many people who have 401 (k) plans may not know all the details of how they work, how to get the most out of their plan, and how to keep their money safe. In reality, everyone in the business world should be aware of the details and advantages of having and managing a 401 (k) type savings plan, as it is becoming one of the most popular ways to save for retirement in the United States and many other countries.

Jim will need to calculate the impact of the 20% wage proposal by the union. How does the proposal impact on the average hourly wage rate, the wage impacted benefit rate, the non-wage impacted benefit rate and the total compensation rate for Maple Grove in the first year of the new agreement? (5 marks)

Anthony was working as a teacher, making $2.50 a month, when the male teachers were making $10.00 a month. She joined a

Analyzing the relationships between different variables in relation to one year returns within the superannuation industry.

Throughout “The Case for a Higher Minimum Wage”, the Editorial Board references numerous experts to validate their claim that the minimum wage is unfairly set. Therefore, the Editorial Board references the chart “If the Minimum Wage Had Kept Pace With …” from the Economic Policy

CPS supports the proposed primary objective of superannuation being able to provide income for retirement to substitute. Enshrining this objective in legislation is an important step in safeguarding Australia’s retirement income system for the citizen of Australia. It is critical that the long-term sustainability of the superannuation system is not undermined by shorter-term political objectives due to the fact thinking that the retirement income system wouldn’t provide accurate income.

This is quite similar to what Mark calculated in average method. However, it is more important to look at the breakeven point for each program. Currently, Infants and Toddlers Program has not only excelled its breakeven point by 7 students, but also reached its accommodation capacity. The enrollment of Preschool Program was already at breakeven, and it requires an additional $22,000 for teacher’s salary to increase 10 students. However, After-School Program needs another 6 students to have breakeven, and also an additional $25,000 is needed to add 15 more students. Table 2 uses this adjusted information to calculate a new breakeven point and surplus.

When people are asked how people will plan or rethink for retirement, the first thing that people will think about, is saving. There are some positive ways to save money, the author suggests to the readers to sign up for 401(k) plan. It is a plan help employees save for retirement, 401(k) should allow anyone to build up a nice nest egg. For example, “In Dave Ramsey’s The Total Money Makeover, for instance, he gives us “Joe and Suzy Average” who invest $7,500 per year ($625 per month) using their tax-free retirement account. They do this from age 30 to 70, getting 12 percent interest per year. At the end, they have $7,588,545 to their names.” When people invest in 401(k) plan, it is safer and more money in retirement and it also has a benefit that you don’t need to pay for tax when you take the money out. Beside 401(k), people prefer to invest money in the stock market for retirement-plan. According to author “ During a recent 40- year period,

A 401(k) plan is a retirement account to which employee and employers contribute, on which taxes are deferred until withdrawal, and for which the employee selects the types of investments. As with anything to do with the Internal Revenue Service, the 401(k) plan has many ups and downs and many regulations that must be followed. This makes things more difficult for both the employer and employee in making decisions about the plan. We have taken a look at the advantages and disadvantages of the plan from both sides of the table to show what all is involved in deciding to use a 401(k) plan.

So if this is the base wage rate, we can see why Sam’s previous prediction of an $18 average wage was off. The average

The concept of superannuation was introduced through the Superannuation Guarantee (SG) with the idea of managing, accumulating and growing assets of members so that once retirement arrives they can enjoy a higher standard of living without concern for a shortage of income when retirement occurs, they arrive in the form of pension, lump sums or both. It is further explained by Dawkins (1992) that our current retirement income system was weak and that there was a need to strengthen Australia’s national saving performance. He stated “Greater domestic saving will relax the current account constraint on Australia’s economic performance. It will mean that we can grow faster without relying so heavily on foreign saving and building up an

Both Blunt and Mathas knew this would be an uphill battle, however. Historically, investment advisors preferred to actively manage their clients’ funds, whereas an immediate annuity represented an irrevocable one-time transaction. In addition, most advisors favored a fee-based business model rather than one in which they would receive only a one-time commission. Complicating matters, research suggested that consumers were almost completely unaware of the existence or benefits of immediate annuities. Yet Mathas had faced doubts about this product before, and he genuinely believed that, in the ever-changing landscape of retirement planning, immediate annuities offered great benefits for those in or approaching their retirement years.

You are saving for the college education of your two children. They are two years apart in age; one will begin college 15 years from today and the other will begin 17 years from today. You estimate your children’s college expenses to be $23,000 per year per child, payable at the beginning of each school year. The annual interest rate is 5.5 percent. How much money must you deposit in account each year to fund your children’s education? Your deposits begin one year from today. You will make your last deposit when your oldest child enters college. Assume four years of college