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Business, 08.11.2019 21:31 rose8969

Your client, tom, age 45, is currently making $145,000. you have determined that his wage replacement ratio is 80%. you expect inflation to average around 3% for tom's entire life expectancy. tom expects a 9% return on his investments and plans to retire at age 64, possibly living to age 90. he expects he will receive about $12,000 per year from social security in retirement. calculate tom's first year retirement needs at age 64.

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Your client, tom, age 45, is currently making $145,000. you have determined that his wage replacemen...
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