Question
Currently Nathan deposits $200 at the end of each month into an IRA and his company will match 40% of his deposit amount. He will
Currently Nathan deposits $200 at the end of each month into an IRA and his company will match 40% of his deposit amount. He will retire in 45 years. Assuming his account will earn 8.5% interest rate (APR), how much he can withdraw monthly after his retirement after-tax basis? (Assume his monthly withdrawal starts on the day of his retirement. Assume he will live for another 25 years after retirement, his average tax rate will be 20%, and his deposit amount will remain constant). *Calculate monthly payment and deduct 20% tax from it. I got 20 min to answer this please guys
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