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Scenario 1: Patricia Earns the median salary for a museum curator, $50,000. Is 40 years old and hasn't started saving for retirement yet. Would like

Scenario 1: Patricia

  • Earns the median salary for a museum curator, $50,000.

  • Is 40 years old and hasn't started saving for retirement yet.

  • Would like to retire at 67, when she could receive full Social Security benefits.

  1. If Patricia decides she can set aside 10% of her salary in saving for retirement:

  1. How much will she need in retirement?

  1. How much will she have at age 67?

  1. How short is she in her savings?

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