Question
Bridget has decided that they would like to spend $43,000 per year in retirement. Their latest Social Security statement estimates that their benefit will be
Bridget has decided that they would like to spend $43,000 per year in retirement. Their latest Social Security statement estimates that their benefit will be $20,000 per year. If they expect to be retired for 21 years, and their investments will continue to earn 10.4% in retirement, what is their target retirement account balance?
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
