I’m having some issues regarding what you need to include to get to a return requirement.
The question mentions that Christa can live on 100k per year, is about to receive 50k for some art and has 1,120k in assets.
The return requirement I would look at is 100/1120 but the answer for question two subtracts the 50k receipt despite the fact that this is a one off.
Considering the prose says that she will look at her IPS every three years why on earth would you assume a one off receipt would be removed from her expenses?
The question mentions that Christa can live on 100k per year, is about to receive 50k for some art and has 1,120k in assets.
The return requirement I would look at is 100/1120 but the answer for question two subtracts the 50k receipt despite the fact that this is a one off.
Considering the prose says that she will look at her IPS every three years why on earth would you assume a one off receipt would be removed from her expenses?