If You Expect to Retire in 30 Years, Live on $50,000

question 91

Multiple Choice

If you expect to retire in 30 years, live on $50,000 per year and expect the inflation to average 3% over the next 30 years, what amount of annual income will you need to live at the same comfort level in 30 years?

• A) $121,363
• B) $$95,000
• C) $20,599
• D) $51,500

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Definitions:

Personal Freedom

Personal freedom refers to the rights of individuals to make choices and live their lives without undue restrictions or interference from others or the government, encompassing freedoms of speech, action, and thought.

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