1.14 Retirement income : On a personal level, assess the level of income you...
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1.14 Retirement income :
On a personal level, assess the level of income you think you would need at a minimum when you retire. Do you agree with the notion of 62.5% of pre-retirement earnings to be an adequate measure? 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.)
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