Marco, age 49, needs $54,028 from his portfolio in retirement in TODAY's DOLLARS? Assume that he retires at age 69 and that inflation is 2.8 percent and his expected investment returns are 9 percent. What will his income needs be at the beginning of the first year of retirement? (Round your answer to 2 decimal places).

Answer rating: 100% (QA)

To calculate Marcos retirement income needs we need to adjust for inflation using todays dollars We ... View the full answer