SP22 FIN4128 Retirement Scenarios Michael & Holly Scott have contacted you and would like your help in determining when they might be ready to retire. Please prepare a brief presentation that presents your analysis considering options for retiring when Michael is 62, at FRA, and at age 70. Their initial target Wage Replacement Ratio (WRR) is 80%. If they cannot attain their goal at an age, please specify the resulting WRR ratio. For example, if they cannot retire at 62 with an 80% WRR, what WRR does their current saving allow? Consider the following information in your analysis: 4 45 90 Team Both clients current age Both clients age at life expectancy Michael's Salary $ Fully Insured for SocSec Holly's Salary $ Fully Insured for SocSec Expected inflation Expected investment rate Current Retirement Assets $ Current Annual Savings - Including any employer $ match 60,829 Yes 99,789 Yes 2.75% 8.75% 127,487 19,274