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CRPC Practice Questions - CRPC - Chartered Retirement Planning Counselor Exam

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A client is 65 years old and plans to retire at age 67. Their current annual income is $120,000, and they estimate needing 80% of their pre-retirement income. They expect $35,000 annually from Social Security and have a pension that will pay $20,000 per year. What is their retirement income gap?
Correct Answer:
$$41,000

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