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Retirement Savings. Miguel, a recent 22-year old college graduate, wants to retire a millionaire. He plans to retire at age 67. In order to meet
Retirement Savings. Miguel, a recent 22-year old college graduate, wants to retire a millionaire. He plans to retire at age 67. In order to meet his goal, he must save $2,587.28 annually. What other factors should Miguel consider with regard to his retirement goal? What recommendation would you give Miguel regarding his goal? A. considering inflation since $1 million in 45 years will not buy what it does today. B. he needs to determine the type of retirement community he wants to live in. D D. considering inflation since $1 million in 45 years will buy more than it does today
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