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I accepted my first job with a $93000 salary, and is already looking forward to retirement in 40 years. I need 70 percent of my
I accepted my first job with a $93000 salary, and is already looking forward to retirement in 40 years. I need 70 percent of my current net income (in today's dollars) each year to live after retirement. My expected tax rate after retirement is 15 percent. What is my annual before tax need in today's dollars (keep zero decimal place)?
I accepted my first job with a $93000 salary, and is already looking forward to retirement in 40 years. I need 70 percent of my current net income (in today's dollars) each year to live after retirement. My expected tax rate after retirement is 15 percent. What is my annual before tax need in today's dollars (keep zero decimal place)? Your Step by Step Solution
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