We want to retire in 30 years, and we shall need $50,000 income per annum during

Question

We want to retire in 30 years, and we shall need $50,000 income per annum during our retirement which will last 20 years. We can save $20,000 annually during the first ten years. We estimate that from year 15 till 20 we shall return to school for a graduate degree, which will cost $40,000 yearly in actual cash flow and opportunity cost expenses. Afterward, during years 10 to 20, our father will need nursing home care for twenty years. He has to give his house and $30,000 annually to the nursing home. Furthermore, we shall buy a yacht costing $150,000 in year 40. Furthermore, we

Explanation / Answer

roflmao. sounds like homework b/c it is totally unrealistic as a whole package.

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