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Victoria would also like to leave behind two gifts upon his death. He would like $50,000.01 each to go to his first two grandchildren
Victoria would also like to leave behind two gifts upon his death. He would like $50,000.01 each to go to his first two grandchildren who attain Master's degrees from NYU. Alternatively, if there are not two grandchildren who meet the condition, Victoria would like the remaining amount to be given to NYU to fund facilities upgrades (namely more comfortable chairs, calibrated presentation screens, upgraded keyboards, etc.). Begin date End date Beginning age Ending age Years Months Contribution Employer match Annual % return Tax rate 401(k) Plan starting balance Withdrawal amount Summary Saving Period 1 1/1/2016 12/31/2030 30 45 15.0 Saving Period 2 Saving Period 3 1/1/2031 12/31/2042 45 57 1/1/2043 12/31/2047 57 Retirement 1/1/2048 5/31/2063 62 77 62 5.0 15.4 60 185 1117 180 400% 12.0 144 100% 200% 75% 75% 75% 13% 10% 34% 34% 34% $3,955.71 n/a n/a n/a / $5,000.00 How much should Victoria begin contributing in January from his after-tax take-home pay? A. $50.00 B. $101.23 C. $113.14 D. $199.40 E. $415.47 F. $1,098.49 G. $5,000.00 H. none of the above
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