Defining large asset base - IPS individual

bchadwick

If individual have expenses 48K and asset base is 900K, age 50. Do we define as large asset base or not? CFA EOC - 10

bboo

Yes, it is. Just over 5% going to his expenses is not a ton, so income plus cap gains should be able to cover it. Also, depends on if they are already retired because the personal income component needs to be considered.

dyga

If he is reitired then will this be large or small asset base. The EOC says - low asset base

skycfa

Plus inflation could make 5% into 8% then suddenly we're talking real money