Employee Planning, Help with problem

$2-8 USD / hour

Closed

Posted

about 7 years ago

$2-8 USD / hour

Chester is negotiating with his employer for a deferred compensation salary continuation plan. Chester has been a valuable employee even though he is only 42 years old. He is asking for EITHER a payment of $100,000 per year from age 62 until 72 or a payment of $130,000 from age 66 to 76. He intends to adjust his retirement based on the option chosen. His employer is considering each option, and with a significant degree of “risk of loss” for Chester due to his young age, they do not want to fund the account “too early”. As such, they would like to know the amount of money they would have to deposit into a NQDC account, as a lump sum, on Chester’s 60th birthday, if the investment account makes 4%. From this calculation, they can determine which option will be cheaper for the company. How much will each option cost?

Finance

Project ID: 13755434

About the project

7 proposals

Remote project

Active 7 yrs ago

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7 freelancers are bidding on average $6 USD/hour for this job

@WorldAccountants

Hey, I am a chartered accountant with more than 10 years of experience in accounting and finance. I have good command on financial planning, calculating present values and early discount options. There is no fee for discussing anything, just give me a buzz on Chat and we can go around the things. If both agreed on, we can sign a contract and have a long term professional relationship.

$8 USD in 40 days

5.0

(4 reviews)

4.3

@adslegal

A proposal has not yet been provided

$10 USD in 10 days

5.0

(5 reviews)

4.1

@prakash1317

I have done similar projects & confident to assist you. I'll take responsible to complete the work accurately & on time. You can trust my work and award this project to start from now. Thanks

$8 USD in 10 days

4.8

(13 reviews)

3.8

@caraghav

Greetings! I am Raghav Sharma & I am Chartered Accountants by profession.I am certified quickbooks pro advisor. My Professional experience of 7 years are in following areas: 1) Accounting in various platforms like Quickbooks,XERO,Tally 2)Preparation of financial statements 3) Compilation of financial statements 4) Tax Advisory 5) Filling of Federal tax,State tax returns 6) Project financing,Budgeting 7) Reconciliation 8)Internal Audit , Forensic Audit , Concurrent Audit. I would love to discuss project details over chat. I assure you,my efforts will makes a big turnaround to your finance as well as accounting system. I am provider of complete business solution whether it is Taxation,Accounting,Finance,Auditing or Cost accounting. Hope to hear you from soon Regards C.A Raghav

$7 USD in 20 days

5.0

(4 reviews)

3.1

@benni25

Hello Let's have a chat and discuss the work before awarding us the job. For any query please consult our profile on https://www.freelancer.com/u/benni25.html Thank you ******Price to be reviewed after all information clear*******

$2 USD in 1 day