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You are considering your retirement options. You want to retire in 30 years from today. You anticipate that you will need to make 20 withdrawals
You are considering your retirement options. You want to retire in 30 years from today. You anticipate that you will need to make 20 withdrawals during your retirement life. You want to maintain a luxury lifestyle during retirement, so each withdrawal is set to be $90,000. Use 8% interest rate for your calculation Suppose you have the following complex plan to meet your retirement goal. First, your employer will contribute until your retirement. Second, you also expect a distribution of $25,000 from a family trust 20 years from today, What amount must you deposit annually to meet the retirement goal? 7324 7800 5824 There is not enough information to calculate the amount that you have to deposit in the scenario described. 6824
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