Financial Models and Preparing for Retirement - Finance Assignment Help

Assignment Task

Part 1: Superannuation Select a superannuation fund site to investigate and select an investment option into which Katarina’s money will be invested. Select a rate of return that you will use for your original calculations, and provide brief reasons for your selection. Decide on the frequency of payments being made into the account by the employer. Include evidence of the investment information in your appendix.

Part 2: Account balance at retirement (how much Katarina will have at age 65 years) Calculate the account balance at retirement that Katarina would have in her superannuation fund if only the compulsory employer contributions were being made into the account until her retirement. Assume that the compulsory employer contributions are 9.5% of salary.

Part 3: Living off the income in retirement Calculate how much money Katarina will have to live off if she places all of the account balance in her superannuation fund into an annuity to provide a regular income

Part 4: Effect of inflation Katarina currently takes home $1,700 pay a fortnight after tax. Calculate how much Katarina would need to receive from her annuity at 65 years of age to be receiving an equivalent amount, taking into account inflation over this period. Include evidence of the CPI rate chosen in your appendix. Compare this to the regular income you found that Katarina would have in Part 3. Will Katarina be able to live comfortably in her retirement?

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