Sam and sally (both age 35) plan to retire at age 65. they estimate their annual income need in retirement will be $50,000 in "today's dollars". they expect to receive $30,000 (in "today's dollars") annually from society security. they expect to earn 7% after-taxes both before and after retirement. $1,003,587 $1,117,225 middot $1,327,848 $2,943,062 $3,319,620 Bob and Mary expect to have $300,000 in retirement funds when they retire in 15 years (assuming a 7% investment return rate on current assets). When they retire, they expect to need $22,000 annually which will increase with inflation (3%). They can make 8.5% after-tax return on their money. They expect their joint life expectancy to be 21 years after retirement. what would you tell them? (Show your steps in calculations to support your answer) They are okay. The $300,000 will exceed their needs by more than $10,000 They are deficient The $300,000 will be underfunded by almost $27,000 They need to increase their preretirement investment return rate from 7% to 7.12% to meet their goal