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If you invest $10,000 in an ordinary 401k and leave it invested for 30 years, how much cash will you have after you take the
If you invest $10,000 in an ordinary 401k and leave it invested for 30 years, how much cash will you have after you take the money out of the 401k and pay all taxes due?
Assume your ordinary tax rate when you made the investment is 35%, is $27% when you take the money out and that you earn a pretax rate of return of 7% in all years the money is invested. what is your annualized rate of return?
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