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Jamie Lee and Ross estimate that they will have $1 million in liquid assets to withdraw from the start of their retirement. They plan to
Jamie Lee and Ross estimate that they will have $1 million in liquid assets to withdraw from the start of their retirement. They plan to be in retirement for 30 years. Using Exhibit 14-7, how much do you think Jamie Lee and Ross can withdraw each month and still leave their nest egg intact? How much can they withdraw each month that will reduce their nest egg to zero?
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