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40 you 33. You want to retire at age 65, you begin your investment program at 25 with a one time deposit of $10,000

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40 you 33. You want to retire at age 65, you begin your investment program at 25 with a one time deposit of $10,000 in a traditional IRA. On this investment you can earn 12% in the Vanguard 2055 retirement fund. At age 35 you come into an inheritance of $15,500 of which you decide to put into a Roth IRA, using a Fidelity index fund which you anticipate will yield 10% until 65. At 45 you remember taking will Elliott's class and listening to Bryan Washburn and Mark Russell and you realize that you have $14,000 extra saved for retirement. To be super safe you invest this sum in another Roth IRA which receive a 7% return. At 65 you want to retire at $120,000, gross a year for 30 years, (you need this much because you didn't factor in Inflation, (Elliott was too nice and didn't want you be depressed) and you anticipate you can earn 4% on the payout or annuity, not perpetuity. With all of this information, and it is not too much info how much will you need to invest each year at 10%, beginning at 25 to 65, using a mutual, traditional IRA account to achieve your retirement goal of $120,000 gross for 30 years? (3 points), part A. (this must mean that you were still short of funds from the other investments) The second part: (Part B) remember Bryan Washburn and Mark Russell indicated we are looking for tax-free income at retirement, and thus, you are the 25% tax bracket at retirement, how much will you net each year in retirement, after taxes? (3 points), (Part B.)

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