Page 84 - Mumme Booklet
P. 84
DRAFT
DOUG AND MARIE MUMME
EDUCATION OBJECTIVES
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Annual
Age at Amount Annual
End of Starts at (in today's Number of Increase Resources
Description Individual Year Age dollars) Years Rate Needed
University Of Texas - Chandler 19 20 $22,636 4 7.0% $107,538
College Education
Resources Needed
(in today's (in future
Year dollars) dollars)
2022 $22,636 $24,221
2023 $22,636 $25,916
2024 $22,636 $27,730
2025 $22,636 $29,671
Total Resources Needed $107,538
The amounts and dates above are based on information provided by you. Annual increase rates used are
hypothetical rates at which you are assuming an amount will grow over time due to inflation or other reasons.
The Probability Analysis in this plan uses different assumptions about inflation and annual return rates than
the rates shown here as explained in the Assumptions.
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This plan is not complete without the Assumptions and Disclosures pages appearing at the end.
3170326-1-4 January 29, 2021 Page 84 of 108
