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Calculating Retirement Savings

A person plans to retire today and expects to begin living off their retirement savings beginning one year from now and continuing until death. Identify and explain key variables that will influence the amount of income that can be taken from retirement saving annually until death. How will increasing and decreasing these key variables impact the income amount?

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If I retire today and don't begin to use my retirement savings as income until one year from today, there are several variables that should be taken into consideration. I would weigh the specific variables of my retirement plan to determine contribution limits and restrictions against current savings. If I contribute to ...

Solution Summary

A person plans to retire today and expects to begin living off their retirement savings beginning one year from now and continuing until death. Identify and explain key variables that will influence the amount of income that can be taken from retirement saving annually until death. How will increasing and decreasing these key variables impact the income amount?

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