What assumption changes would you make to more accurately

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Case Study: Tom's preference is to pursue hobbies, volunteer with the Cubs and work at a local charitable organization, but he is also a realist. Is Tom able to retire now without making changes to his current budget? If not, how long should he work at the proposed part-time job (which pays $40,000 annually) to meet this retirement goal?

Question 1: What changes would you ask Tom and Janet make to improve their current retirement plan? •

Question 2: Are you comfortable with the assumptions Tom has made in constructing his retirement plan? If not, what assumption changes would you make to more accurately represent Tom and Janet's retirement liabilities?

 

Reference no: EM133526488

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