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7nadin3 [17]
3 years ago
7

The customer is covered by a company defined benefit plan that will pay about $40,000 per year upon retirement at age 70. This c

ustomer wishes to maintain his current living standard upon retirement and intends on living in his current house. The customer will receive annual social security payments of about $8,000 per year. To meet the customer's goal of retiring in 10 years with an annual income of $72,000 per year, the best recommendation is to_______________.
Business
1 answer:
Alexeev081 [22]3 years ago
5 0

Answer:

Explanation:

Based on the scenario being described within the question it can be said that the best recommendation would be to invest $10,000 per year for the next 5 years in Treasury Bonds. Then in about 6-10 years when there are no more recurring mortgage payments to be made, follow that up by increasing the annual investment by another $10,800 per year.

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