Nino has completed many life expectancy calculators and because he managers his health risk by eating well

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Nino has completed many life expectancy calculators and because he managers his health risk by eating well and exercising, he expects he will live until 97 years old. Nino has projected he will need $80,000 each year during retirement and beyond what Social Security will provide him.

1) How much should Nino have saved by age 67 (retirement age) to fund his costs in retirement?

2) Assume that the interest rate he can earn on investments in retirement is 4%?

Related Book For answer-question

Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Mar 30, 2023 05:36 AM

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Nino has completed many life expectancy calculators and because he managers his health risk by eating well

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Expert Answer:

Answer I Final answer The amount saved at 67 years of age 138336266 The a... View the full answer

Personal Finance Turning Money into Wealth

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