How much income can we expect from her work pensions

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Question - Sara wants to retire with $80,000 after tax income at age 65, they only need about $60,000 after tax annually to make this work at age 60. Pension - $300,000 (Defined Contribution Pension Plan), option to commute value at the earliest, age 60. Once the Pension Plan is commuted, then Wendy is looking for the Income it would provide at the Beginning of each year, 5% rate of return, age 90 Life Expectancy. How much Income can we expect from her work pensions at age 60 or 65?

Reference no: EM133174561

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