Assumption #1: If your spouse continues to work after you have retired, his/her salary will increase with the inflation rate
Assumption #2: You have estimated your family’s income needs as accurately as possible
Assumption #3: The possible sale of assets is based on future value of assets at inflation
Assumption #4: The assessment is done based on the term indicated and not on life expectancy
Assumption #5: Possible liabilities at retirement age are calculated manually
Assumption #6: Investments can include banks, Endowment policies, ETF’s, Unit Trusts and Shares.
Assumption #7: Retirement funds can include Pension funds, Provident funds, Retirement Annuities, Preservation Funds and current Living Annuities.
Assumption #8: The future value of capital available is based on the rate provided for the term to retirement and annual automatic premium increases for monthly contributions
Assumption #9: Future values of investments and retirement funds are based on the assumed retirement date and ignore actual maturity dates
Assumption #10: Property rental income will be available for the full term as required by the family