A client needs assistance with retirement planning. Here are the facts
The client, Dave is 21 years old. He wants to retire at 65.
Dave has disposable income of $2,000 per month.
The IRA Dave has chosen has an average annual of 8%
If Dave contributes half of his disposable income to the account, what will it be worth at 65? How much would he need to contribute to have $5,000,000 at 65?
A client needs assistance with retirement planning.
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