Still not convinced on that Janak…. offset is more clear cut, expenses and salary are neutralized in prepetuity. “match” could mean matchin percentage increase, which would make it the same as #2 as I mentioned. Matching dollar increase would be offsetting.
And the inference on the 2010 AM Q is tricky because that involves a TVM calc as rahuls said, so we cannot be sure that #3 infers not adding inflation.
This is still a grey area for me though I feel I am closer. The uncertainty around inflation adjustment and also when to include charitable gifts/bequests into return calculations are the two parts of individual IPS that really confuse me. Text says gifts/bequests are “desired” and not “required” so should not be part of required return. However I saw a past morning test that did just the opposite. I may have to reach out to CFAI on these. Anyone know the general email address for this type of question and about how long it usually takes to get a reply? |
发表于 2013-4-22 14:54
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