backup test

Assumptions and Definitions: Individual X and spouse will raise two children each of whom will have spouses and raise two children (four grandchildren for individual X and spouse). Individual X and spouse and all descendants successfully attend college around age 20, complete grad school and begin productive work or start and run a business from 20-30, marry for life someone of similar means and have two healthy children at age 30, raise their families successfully and are able to save modestly till retirement age, retire at age 60, live and retire comfortably (not lavishly) the entire time, and die at age 90. Undergrad education costs $200,000, and grad school or starting a business costs $100,000. All such individuals live with spouse and minor children in a $600,000 home that required a 20% downpayment to purchase at age 30 with a 30 year fixed mortgage at an affordable interest rate and can invest money till age 60 at 7% real growth and 3% thereafter (i.e. nominal rates of ...

Assumptions and Definitions: Individual X and spouse will raise two children each of whom will have spouses and raise two children (four grandchildren for individual X and spouse). Individual X and spouse and all descendants successfully attend college around age 20, complete grad school and begin productive work or start and run a business from 20-30, marry for life someone of similar means and have two healthy children at age 30, raise their families successfully and are able to save modestly till retirement age, retire at age 60, live and retire comfortably (not lavishly) the entire time, and die at age 90. Undergrad education costs $200,000, and grad school or starting a business costs $100,000. All such individuals live with spouse and minor children in a $600,000 home that required a 20% downpayment to purchase at age 30 with a 30 year fixed mortgage at an affordable interest rate and can invest money till age 60 at 7% real growth and 3% thereafter (i.e. nominal rates of ...