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Harry and Alice, both age 55, plan to retire at age 60. They have three children: Pete, age 32, a computer technician living in


 

Harry and Alice, both age 55, plan to retire at age 60. They have three children: Pete, age 32, a computer technician living in Atlanta: Sidney, age 30, a doctor who resides in Indianapolis; and Mark, age 25, a web designer, who is married and lives in Chicago. They also have three grandchildren. Most likely, in what phase in the financial life cycle are Harry and Alice?

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