What is client target retirement


Provide your computations or explanations, where appropriate. Give your answers to the following questions, and any needed explanations.

  • Social Security benefit at FRA of 67?
  • Social Security benefit at age 70?
  • Life expectancy given DOB 2/1/1961?
  • What is Client's target (total) retirement income in the first year of retirement (at age 67)?
  • How much of the above retirement income must come from Client's retirement savings?

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Accounting Basics: What is client target retirement
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