Retirement Plan Case Solution
For the Vehicle Insurance expense; the data has been collected from “Russian Vaga Bond, Insurances. (January, 2020). How Expensive Is It to Own a Car in Germany from https://russianvagabond.com/how-expensive-is-it-to-own-a-car-in-germany/”. This research indicates that the vehicle insurance expense in Germany ranges between 200 and 250 per annum.
For the Gasoline for Vehicle expense; the data has been collected from “Russian Vaga Bond, Insurances. (January, 2020). How Expensive Is It to Own a Car in Germany from https://russianvagabond.com/how-expensive-is-it-to-own-a-car-in-germany/”. This research indicates that the vehicle’s gasoline expense in Germany ranges between 200 and 400 per annum.
For the Entertainment (Dining out, Movies, etc.) expense; the data has been collected from “Destination Scanner, Better Choices Better Life. (January, 2020). Cost of Living in Germany 2020 from https://destinationscanner.com/cost-of-living-in-germany/”. This research indicates that the average Entertainment (Dining out, Movies, etc.) expense of an IT manager in Germany is 343 per annum, and the highest and lowest scenario are varying from 10% of the average Entertainment (Dining out, Movies, etc.) expense.
For the Groceries expense; the data has been collected from “Research in Germany, Land of Ideas. (December, 2019). Cost of living from https://www.research-in-germany.org/en/plan-your-stay/finances/cost-of-living.html”. This research indicates that the average Groceries expense of 3 Persons outside the city center in Germany is 4200 per annum and 350 per month, and the highest and lowest scenario vary from 50 per month of the average groceries expense.
For the Phone/TV/Internet expense; the data has been collected from “Destination Scanner, Better Choices Better Life. (January, 2020). Cost of Living in Germany 2020 from https://destinationscanner.com/cost-of-living-in-germany/”. This research indicates that the average phone / TV / internet expense of an IT manager in Germany is 35 per annum and the highest and lowest scenario vary by 10% of the average phone / TV / internet expense.
For the clothing-expense; the data has been collected from “Research in Germany, Land of Ideas. (December, 2019). Cost of living from https://www.research-in-germany.org/en/plan-your-stay/finances/cost-of-living.html”. This research indicates that the average Clothing expense of 3 Persons outside the city center in Germany is 1200 per annum and 100 per month, and the highest and lowest scenario vary by 50 per month of the average clothing expense.
For the Health Insurance-expense, the data has been collected from “Destination Scanner, Better Choices Better Life. (January, 2020). Cost of Living in Germany 2020 from https://destinationscanner.com/cost-of-living-in-germany/”. This research indicates that the average health insurance expense of an IT manager in Germany is 3444 per annum (per month 287) and the highest and lowest scenario vary from 10% of the average health insurance expense.
For the Vehicle Tax (100 cc) expense, the data has been collected from “Russian Vaga Bond, Insurances. (January, 2020). How Expensive Is It to Own a Car in Germany from https://russianvagabond.com/how-expensive-is-it-to-own-a-car-in-germany/”. This research indicates that the vehicle tax expense (100 cc) in Germany ranges between 5 and 25 per annum.
For the Vehicle Maintenance (100 cc) expense; the data has been collected from the “Russian Vaga Bond, Insurances. (January, 2020). How Expensive Is It to Own a Car in Germany from https://russianvagabond.com/how-expensive-is-it-to-own-a-car-in-germany/”. This research indicates that the average vehicle maintenance expense in Germany is 100 per annum and the highest and lowest scenario vary by 20% of the average vehicle maintenance expense...............
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