Question: Marco has been employed by Trunk Inc for 1 2 years, and currently earns $ 7 0 , 0 0 0 per year. He is

Marco has been employed by Trunk Inc for 12 years, and currently earns $70,000 per year. He is 30 years old and is planning to retire at age 65. Marco saves $17,000 per year. He plans to pay off his home at retirement and live debt free. He currently spends $14,000 per year on his mortgage. Marco is divorced and according to his divorce decree he is currently paying child support for his five - year - old son of $10,000. Child support payments will end when his son is 18 years old. No alimony was assessed as part of the divorce decree because Marco and his ex - spouse had similar salaries.

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