Retirement income on a personal level

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Retirement income On a personal level, assess the level of income you think you would need - at a minimum - when you retire.

A) Do you agree with the notion of 62.5% of pre-retirement earnings to be an adequate measure?

B) If a person earned $100 000 prior to retirement what level of capital is required to produce 62.5% of such an income? (Assume a rate of return of 6% p.a.)

Reference no: EM133076143

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