Currently  Nathan deposits $$300$ at the end of each month into an IRA and his company will match $50\%$ of his deposit amount. He will retire in $45$ years. Assuming his account will earn a $7\mathrm{.}5\%$ interest rate $($APR$),$ how much he can withdraw monthly after his retirement after$-$tax basis? Assuming he will live for another $25$ years after retirement, his average tax rate will be $20\%,$ and he is not saving anymore after retirement.

Answer rating: 100% (QA)

Nathan deposits 300 each month for 45 years His company matches 50 of ... View the full answer