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The Huntings need to plan for retirement and are currently targeting retirement at age 60. They expect needing $125,000 per year in todays dollars. They
The Huntings need to plan for retirement and are currently targeting retirement at age 60. They expect needing $125,000 per year in todays dollars. They want to spend the remainder of their lives traveling with friends and visiting their children and (hopefully) grandchildren. They expect to live until 90. They also desire to leave $1.0M to each child. Is this goal attainable? If so, what must they do to reach this goal. If not, how short will they be of their goal to leave each child $1.0M upon their deaths?
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