Question
Employee plus employer contributions to a 401k are $15,000 per year. Equity funds are earning 15%, bond funds are earning 8%, and money market funds
Employee plus employer contributions to a 401k are $15,000 per year. Equity funds are earning 15%, bond funds are earning 8%, and money market funds 6%. The employee wants to retire as soon as possible with 1 mil in retirment assests. How much more quickly can he retire if he puts all his money in equity than if he puts one third in each?
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John E Freunds Mathematical Statistics With Applications
Authors: Irwin Miller, Marylees Miller
8th Edition
978-0321807090, 032180709X, 978-0134995373
