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A growing proportion of our population is nearing retirement age as members of the Baby Boom generation reach their fifties and sixties. Retirement planning is a common concern, especially given the uncertain future of social security benefits, longer life expectancies, and medical costs that have typically increased much faster than the overall rate of inflation. Human resource managers of organizations often help employees with this sort of planning, using time-value-of-money calculations. As CanGo's Director of Human Resources, Maria has grown quite adept at this sort of math. As you'll see in the video, she learns that this skill can be useful in her personal, as well as professional, life. Through some well-executed time-value calculations, she helps her parents achieve considerable peace-of-mind as they try to plan for their own retirement.
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