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Todd and his wife are concerned about their retirement funds. They estimate they will need to receive $60,000 in todays dollars at the beginning of
Todd and his wife are concerned about their retirement funds. They estimate they will need to receive $60,000 in todays dollars at the beginning of each year. Due to good genes they expect to live 25 years after retiring. They expect an 8% aftertax return with inflation averaging 4%. How much investable assets will they need to have accumulated at the time of their retirement to fund this need?
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