Question: Read Chapter 18 and answer the following questions (10 points): 1. What are the four basic steps of retirement planning? 2. How can you calculate

Read Chapter 18 and answer the following questions (10 points): 1.

Read Chapter 18 and answer the following questions (10 points): 1. What are the four basic steps of retirement planning? 2. How can you calculate your net worth today and at retirement? Give examples of the different parts of the equation. 3. What four expenses are likely to increase and four examples that are likely to decrease during retirement? 4. What are possible sources of income for retirees

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