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Chris Silvers Is 39 Years Old and Has Accumulated $128,000

question 66

Multiple Choice

Chris Silvers is 39 years old and has accumulated $128,000 in his self-directed defined contribution pension plan. Each year he contributes $2,500 to the plan, and his employer contributes an equal amount. Chris thinks he will retire at age 62 and figures he will live to age 86. The plan allows for two types of investments. One offers a 4% risk-free real rate of return. The other offers an expected return of 11% and has a standard deviation of 37%. Chris now has 25% of his money in the risk-free investment and 75% in the risky investment. He plans to continue saving at the same rate and keep the same proportions invested in each of the investments. His salary will grow at the same rate as inflation. How much can Chris be sure of having in the safe account at retirement?

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Definitions:

FTA-ABS

The Fluorescent Treponemal Antibody Absorption test, a specific blood test for detecting antibodies to the bacterium Treponema pallidum, the causative agent of syphilis.

Trichomoniasis

A sexually transmitted infection caused by the parasite Trichomonas vaginalis.

Protozoa

A diverse group of single-celled, eukaryotic organisms, often free-living or parasitic, that can cause diseases such as malaria and giardiasis.

Fungus

A member of a large group of eukaryotic organisms that includes microorganisms such as yeasts, molds, and mushrooms, some of which can cause infections or be used beneficially.