What is your client''s wage replacement ratio

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Question: You have met with your clients a few times and are now ready to do their retirement needs analysis (RNA). The couple, ?ling Married Filing Jointly (MFJ), are both 39 years of age and expect to work another 23 years. They both plan on living to age 93. He currently earns $60,000; her $58,333. Returns are expected to be 8.2% and in?ation 3.1%. You and the clients have determined that they will cut $47,234 of their current expenses out upon retirement, but that they will see an increase of $21,200 in other areas. Given the information above, please calculate the following for your client: 1 1) What is your client's Wage Replacement Ratio?

Reference no: EM133376996

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