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9. You are 62 and you wish to retire. Your retirement account totals $500,000. What percentage should you be able to withdraw from your account

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9. You are 62 and you wish to retire. Your retirement account totals $500,000. What percentage should you be able to withdraw from your account for perpetuity? What is the dollar amount? 10. Given the information in number 9 you decide to wait until age 70 to retire. The expected return is 9%. Based on the rule of 72 what dollar amount will you be able to withdraw from your account for perpetuity? 11. You have a 401-k with an employee contribution balance of $20,000 and an employer contribution balance of $8,000. You are 20% vested. You are changing jobs. How much of your 401-k will you be able to roll over into another plan? 12. You have signed up for weekly contributions of 6% into you company's 401k. If you neglect to select an investment option, where will your money be invested

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