Business, 24.03.2020 18:09, jashaikamatuteowwp1p
Jenny wants a monthly retirement income of $12,000. She will retire on her birthday at age 70 with a $3,000 per month social security monthly benefit and a $4000 per month defined benefit pension. She expects to die on her birthday at age 95 and would like to leave $75,000 to each of her 6 children. She expects a 7.9% annual return on her Roth 401k. She expects a 2.6% annual rate of inflation. How much will she need to have saved to invest when she retires? (See WB Ch. 10 Example 10.6 and 10.8)
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Jenny wants a monthly retirement income of $12,000. She will retire on her birthday at age 70 with a...
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