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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
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Earns the median salary for a museum curator, $50,000.
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Is 40 years old and hasn't started saving for retirement yet.
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Would like to retire at 67, when she could receive full Social Security benefits.
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If Patricia decides she can set aside 10% of her salary in saving for retirement:
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How much will she need in retirement?
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How much will she have at age 67?
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How short is she in her savings?
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