Question
Susan Chen is a 46-year-old married mid-level manager at a well-established Silicon Valley company. Her salary is currently $145,000. Her employer contributes an amount equal
Susan Chen is a 46-year-old married mid-level manager at a well-established Silicon Valley company. Her salary is currently $145,000. Her employer contributes an amount equal to 5% of her salary to a retirement fund, and Susan has been contributing $11,500 a year. The current value of her retirement fund is $182,000. Susan would like to know whether her current retirement savings rate is adequate.
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