Which of the following is the last step when using the seven-step planner to determine the required current monthly savings that will meet a future retirement income objective?
Which of the following is the last step when using the seven-step planner to determine the
required current monthly savings that will meet a future retirement income objective?
a. calculate retirement cash flow (shortfall or surplus)
b. identify income from current assets
c. calculate required savings to fund shortfall
d. adjust income sources for inflation
e. identify fixed income and amounts payable at retiremen
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