Simply actually need somebody to determine this out for me. Thanks!CASE STUDY 2Your shopper, Steven, age 43, has come to you for help with retirement planning. He providesyou with the next information.He earns $80,000 yearly.His wage replacement ratio has been determined to be 80%.He expects inflation will common three% for his total life expectancy.He expects to work till 68, and reside till 90.He at the moment has $60,000 saved, and he’s averaging a 9% fee of return and expectsto proceed to earn the identical return over time.He has been saving $three,000 yearly in his 401(okay) plan.Moreover, Social Safety Administration has notified him that his annualretirement profit, in right this moment’s dollars will be $26,000.1. Utilizing calculations, clarify to Steven why it’s lifelike to use a wage replacement ratio of80%.2. Utilizing the annuity methodology, calculate how a lot capital Steven will want to be in a position to retireat age 68.three. Given his present sources, does he have ample sources to obtain his retirementgoal? Utilizing calculations, present and clarify your reply to Steven.four. Present Steven with three options for assembly his retirement purpose. In doing so, usecalculations to present the affect of every various.Earlier than hiring you as his monetary planner, Steven was going to one other planner. He mentionsthat the opposite planner calculated this retirement wants one other manner, so he asks you tocalculate his retirement wants utilizing different strategies.5. Utilizing the capital preservation methodology, calculate how a lot capital Steven wants in orderto retire at 68.6. Utilizing the buying energy preservation methodology, calculate how a lot capital Stevenneeds so as to retire at 68.7. In your personal phrases, present Steven with the benefits and downsides of every methodand clarify why the quantities calculated are totally different with the three strategies.eight. In your personal phrases, present Steven with the benefits and downsides of two investmentinstruments which can be used particularly to save for retirement. Which might you recommendand why?Your accomplished Case Examine should include a minimal of 700 phrases and a pair of citations in currentAPA format. Acceptable sources are private finance journals, magazines, or newspapers

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