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Rebecca Murphy is planning for her retirement. She has done some checking and thinks she will get about $1025 a month from social security. She
- Rebecca Murphy is planning for her retirement. She has done some checking and thinks she will get about $1025 a month from social security. She also thinks her pension plan at her work will pay her about $1125 per month. In addition, she has some personal retirement accounts that she thinks will pay her $500 per month. What step in the retirement planning process is Rebecca completing?A.Analyzing her current assets and liabilities
- B.Estimating her spending needs
- C.Evaluating her planned retirement income
- D.Developing a balanced budget based on her retirement income
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