25 points Kelly and Scott, both age 48, want to retire at age 65. They estimated that their annual income need at retirement will be $80.000 in today's dollars. They expect after tax return and 4% inflation. They expect to live until age 95. Kelly and Scott are eligible to receive $1,900 in combined monthly Social Security benefits and $2,000 combined monthly income from their company pensions. Their combined federal and state income tax bracket is 31 Using the example from the module reading/lecture, approximately how much do they need to save by the end of each month in order to meet their shortfall? Calculate the monthly savings on a pre-tax basis. Carry real return to nearest thousandth $2.760.14 $2.448 80 $1.872.34 $2.112.52 $1,696.83 $2.584.30 25 points Kelly and Scott, both age 48, want to retire at age 65. They estimated that their annual income need at retirement will be $80.000 in today's dollars. They expect after tax return and 4% inflation. They expect to live until age 95. Kelly and Scott are eligible to receive $1,900 in combined monthly Social Security benefits and $2,000 combined monthly income from their company pensions. Their combined federal and state income tax bracket is 31 Using the example from the module reading/lecture, approximately how much do they need to save by the end of each month in order to meet their shortfall? Calculate the monthly savings on a pre-tax basis. Carry real return to nearest thousandth $2.760.14 $2.448 80 $1.872.34 $2.112.52 $1,696.83 $2.584.30