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PLEASE DO NOT COPY AND PASTE FROM OTHER CHEGG ACCOUNT AS THAT ANSWER IS NOT VALIDATED!!!!! J and J are looking to save for retirement
PLEASE DO NOT COPY AND PASTE FROM OTHER CHEGG ACCOUNT AS THAT ANSWER IS NOT VALIDATED!!!!!
J and J are looking to save for retirement and the following applies: Estimated Income Needed (Annual): $ 50,000 Estimated Social Security Benefit and Pension (annual): $ 35,000 Inflation factor is 3% for 30 years Anticipated Return on Assets held after retirement is 6%
Based on the information above, please estimate how much additional retirement savings should J and J have at retirement to meet their financial goals.
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