Multiple Choice
Which of the following strategies will allow real retirement spending to remain approximately equal,assuming savings of $1,000,000 invested at 8%,a 25-year horizon,and 4% expected inflation?
A) Spend approximately $63,000 annually.
B) Spend approximately $78,225 annually.
C) Spend approximately $93,680 annually.
D) Spend approximately $127,500 annually.
Correct Answer:
Verified
Correct Answer:
Verified
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