B is 55 years old and is planning to retire Something Great /tutorialoutletdotcom
FOR MORE CLASSES VISIT www.tutorialoutlet.com Ms. B is 55 years old and is planning to retire at age 62. She wants to have a retirement income from that point until age 85. She projects that she will need $5,000 per year during her retirement to supplement her other retirement income. In addition, she wants to leave an inheritance of $25,000 each to her four grandchildren. She has accumulated a nest egg $25,000 at this point. Assume that she can invest at a 9% annual rate in the pre-retirement period, that her funds can be invested at a 10% annual rate after retirement
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