1. Most of you will be graduating from college in the near future. Starting early in life with your own personal financial decision making is very important for long term financial success and in reaching many of your individual personal goals. A) What is your estimated annual income in your employment area after you graduate from Radford University? 1) If you are unsure, use your best guess. $$ 2) What will be your age when you graduate? jate? 29 23 3) If you assume an average annual inflation rate of 3% during your working years and your starting salary keeps up with inflation until you retire. What is your expected annual income at age 62? What is your expected income at age 67? $$ B) Based upon yout expected inomce, use an online Social Security Calculator to estimate your Social Security retirement benefits at early retirement (age 62) and at your full retirement (age67). Try: www.ssa.gov/OACT/ Early Retirement benefits in today's dollars(age 62) SS Full Retirement benefits in today's dollars (age67)$$_ Using the Social Security Website's inflation adjustment, what are the following estimates? Early Retirement monthly benefits in inflation adjusted dollars $$ Full Retirement monthly benefits in inflation adjusted dollars $$ 2. What percentage of your expected income at age 62 does Social Security retirement benefits replace, if you begin benfits at age 62?$- If you begin benefits at age 67? $_ What percentage of income replacement do financial planners recommend based on your last year of employment for an adequate retirement income