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Shaniqua currently earns $260,000 per year and is 50 years old. She currently has no retirement savings. Her financial planner just informed her that she

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Shaniqua currently earns $260,000 per year and is 50 years old. She currently has no retirement savings. Her financial planner just informed her that she will need to save about $70,000 per year to adequately fund her retirement. Which of the following statements is most accurate about her situation? a. Assuming she is willing to sacrifice her current consumption, she may be able to save that much money but at least some will have to be saved without the advantages of a qualified plan. b. She can't save that much because she doesn't earn enough. c. She can't save that much because it would exceed the qualified plan limits. d. Assuming she is willing to sacrifice her current consumption, she may be able to save that much inside a qualified retirement plan

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