At retirement, Susan plans take the investment balance from her mutual fund account and the balance from her 401K account and combine them into an IRA account. To minimize risk, her IRA account will invest in more conservative securities. As a result, Susan anticipates her annual IRA returns to be about 5.5% during retirement. While in retirement, Susan plans to withdraw $90,000 per year from her IRA account over the next 32 years. Is this possible
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At retirement, Susan plans take the investment balance from her mutual fund account and the balance...
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