Allison, age 40, earns $81,915 annually; her wage replacement ratio has been determined to be 73%. She
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Allison, age 40, earns $81,915 annually; her wage replacement ratio has been determined to be 73%. She expects inflation will average 3% over her entire life expectancy. She expects to work until 67 and live until 95. She anticipates a 7.5% return on her investments. Allison expects to receive $19,685 in Social Security retirement benefits in today's dollars. What are Allison's annual retirement needs in today's dollars?
Related Book For
Business Forecasting with Forecast X
ISBN: 978-0073373645
6th edition
Authors: Holton wilson, barry keating, john solutions inc
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