John Stern, a business executive, is planning to retire in two years when he will turn 65. You are surprised to hear that he would like to have a monthly income of $9,000, three times his current monthly budget. Upon further questioning, you discover that the $9,000 amount is to take care of future inflation. How do you explain to John that he should start with a realistic budget?

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The Answer of John Stern, a business executive, is planning to retire in two years when he will turn 65. You are surprised to hear that he would like to have a monthly income of $9,000, three times his current monthly budget. Upon further questioning, you discover that the $9,000 amount is to take care of future inflation. How do you explain to John that he should start with a realistic budget?

John Stern, a Business Executive, Is Planning to Retire in Two