Question

Work on the bedo case study:

Page 561

3.) To determine and quantify the Bedo’s current education planning need, thoroughly consider the following:
a.) The future value of one year of college when Becky turns age 18
b.)The total amount of assets needed when Becky turns 18 to fully fund four years of college
c.) The amount the Bedos need to save annually to meet their education goal(s)

4.)List and discuss some of the advantages and disadvantages associated with an in-state 529 plan. Should the Bedos consider plans offered by other states and if so which state?

6.)Based on the goals originally identified and the completed analysis,which product pr procedural strategies might be most useful to satisfy the Bedos’ education planning needs?Be sure to consider strategies matched to the planning needs identified. When reviewing strategies be careful to consider the approximate cost of implementation as well as the most likely outcome(s) associated with each strategy.

Page 636

4.) Calcualte the following for the Bedo’s
a.)The total value in current dollars,of assets that have been accumulated by the Bedos’ for retirement.
b.)The value at retirement of the retirement assets(including planned future contributions) using the current weighted average rate of return for the retirement assets.
c.)The net amount of income needed in today’s dollars that must be replaces to meet the bedos’s retirement goal.
d.)The amount of assets needed to completely fund the Bedo’s retirement starting at age 62,using a capital depletion assumption.
e.)The additional savings the Bedo’s need at age 62 to meet a capital preservation retirement goal using the assumed after tax rate of return.
f.) The amount needed to be saved annually to fund an inflation adjusted retirement scenario using the assumed after tax rate fo return.
g.)The amount the Bedos need to save monthly to fully fund their future home expansion using the assumed after tax rate for return.
h.)The amount the Bedos need to save monthly to fully fund Mia’s art gallery in retirement using the assumed after tax rate of return.

5.) Clients often request a modular plan for retirement goals. Using text bullets and graphics summarize your observations about Tyler and Mia’s retirement planning situation and the identified planning need(s).Based on the information collected, fully document and inform the Bedos of the analysis and results.

Page 686

3.) Using the financial Facilitator, calculate the following scenarios for the Bedo House hold as part of the analysis of their current estate planning situation .For each scenario, ignore an applicable state estate taxes.
a.) Scenario 1: The amount of federal estate tax due if Tyler were to predecease Mia and they both died in 2012.
b.) Scenario 2: The amount of federal estate tax due if Mia were to predecease Tyler and they both died in 2012.

4.) Evaluate and comment upon the following:
a.)The appropriateness of Tyler’s current will.
b.)The appropriateness of Mia’s current will
c.)Given their current situation ,what other estate planning documents should the Bedos have in place?

Solution Preview

This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.

Bedo Case Study

This is only a preview of the solution. Please use the purchase button to see the entire solution

Related Homework Solutions

Finance Questions: Investments
Homework Solution
$10.00
Business
Accounting
Financial Mathematics
Economics
Investments
Standard Deviation
Average Return
Mean
Normal Distribution
Curves
Graphs
Percentages
Finance Questions
Homework Solution
$43.00
Business
Finance
Time
Value
Money
Cost
Payment
Variable
Compounding
Helpdesk Questions
Homework Solution
$24.00
Accounting
Business
Financial Management
Economics
Security
Prices
Helpdesk
Supply
Demand
Customer Support
Email Literacy
Finance Questions
Homework Solution
$48.00
Accounting
Business
Finance
Economy
Stock
Income
Market Value
Sales
Prices
Capital Gain
Employees
Companies
Tax Return
Account Balance
Life Expectancy Tables
Future Contract and Stock Option Explanation
Homework Solution
$33.00
Business
Finance
Economics
Contracts
Stocks
Cash
Strike Prices
Profit
Loss
Risk
Textile Importers
Companies
Call Option
Put Option
Finance Questions
Homework Solution
$38.00
Business
Economy
Finance
Bond Prices
Coupon Rates
Bond Yields
Nominal Returns
Real Returns
Stock Valuation
Dividends
Growth Models
Companies
Shares
Investments
Payments
Sales
Get help from a qualified tutor
Live Chats