You retire at age 60 and expect to live another 27 years. On…

You retire at age 60 and expect to live another 27 years. On the day you retire, you have $464,900 in your retirement savings account. You are conservative and expect to earn 4.5% on your money during your retirement. How much can you withdraw from your retirement savings each month if you plan to die on the day you spend your last penny? 

On a recent family trip, your child complained constantly th…

On a recent family trip, your child complained constantly that you weren’t driving fast enough.  You tried to explain that it was easier for them to say, because they weren’t the ones who would have to pay for the ticket.  What term below is the name for this situation?