You have $780, 000 in your retirement fund. Assuming no interest is being earned, how many dollars in withdrawals per month would reduce this nest egg to zero in 20 years? separetly Assume your gross pay per pay period is $2, 500 and you are in the 22 percent tax bracket. After taking out the income tax, and before other deductions: Calculate your after - tax pay if you put $350 per pay period in a Roth IRA. Calculate your after - tax pay if you put $350 per pay period in a traditional IRA.
You have $780, 000 in your retirement fund. Assuming no interest is being earned, how many dollars in withdrawals per month would reduce this nest egg to zero in 20 years? separetly Assume your gross pay per pay period is $2, 500 and you are in the 22 percent tax bracket. After taking out the income tax, and before other deductions: Calculate your after - tax pay if you put $350 per pay period in a Roth IRA. Calculate your after - tax pay if you put $350 per pay period in a traditional IRA.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You have $780, 000 in your retirement fund. Assuming no interest is being earned, how many dollars in withdrawals per month would reduce this nest egg to zero in 20 years? separetly Assume your gross pay per pay period is $2, 500 and you are in the 22 percent tax bracket. After taking out the income tax, and before other deductions: Calculate your after - tax pay if you put $350 per pay period in a Roth IRA. Calculate your after - tax pay if you put $350 per pay period in a traditional IRA.
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