Todd and his wife are concerned about their retirement funds. They estimate they will need to receive $60,000 in “today’s dollars” at the beginning of each year. Due to good genes they expect to live 25 years after retiring. They expect an 8% after-tax return with inflation averaging 4%. 

How much investable assets will they need to have accumulated at the time of their retirement to fund this need?

Answer rating: 100% (QA)

To calculate how much investable assets Todd and his wife will need to have accumulated at the time ... View the full answer