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Brandi, age 52, has come to you for help in planning his retirement. He works for a bank, where he earns $60,000. Max would like
Brandi, age 52, has come to you for help in planning his retirement. He works for a bank, where he earns $60,000. Max would like to retire at age 62, He has consistently earned 8% on his investments and inflation has averaged 3%. Assuming he is expected to live until age 95 and he has a wage replacement ratio of 80%, how much more will Brandi need to have same amount at his death with an equal purchase power as he will at his retirement?
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