Earns the median salary for a museum curator, $50,000. Is 40 years old and hasn't started saving for retirement yet. Would like to retire at 67, when she can receive full Social Security benefits.   If Lucía decides she can set aside 10% $428 a month of her salary in saving for retirement…How much will she need in retirement to get 72% of her current income?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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  • Earns the median salary for a museum curator, $50,000.
  • Is 40 years old and hasn't started saving for retirement yet.
  • Would like to retire at 67, when she can receive full Social Security benefits.

 

  1. If Lucía decides she can set aside 10% $428 a month of her salary in saving for retirement…
    How much will she need in retirement to get 72% of her current income?
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