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lectur11-page17 - The best way to assure that your standard...

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17 Complex Relationships: Income from All Sources ($) Age What should the slope of this line be equal to at the minimum? Now the graph above looks more like what we would hope to see in our “golden years.” At the minimum, our income from all sources should increase at the rate of inflation in order to maintain the standard of living that we were accustomed to at our retirement party. So the slope of the linear segment of the graph should be at least equal to the inflation rate.
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Unformatted text preview: The best way to assure that your standard of living will be maintained after you retire is to save and invest properly today. Another objective you may want to consider is to be debt free when you retire. Being debt free at retirement will certainly help enhance your standard of living if you did not save or invest enough when you were younger....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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