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You are planning to save for retirement over the next 20 vears. To do this, you will invest $1300 a month in a stock account
You are planning to save for retirement over the next 20 vears. To do this, you will invest $1300 a month in a stock account and $1 000 a month in a bond account The retuin of the stock account is expected to be 9 percent and ithe bond account will pay 5 percent When you retire, you will combine your money into an account with a retun of 7 percent How much can you withdraw each month from your account assuminga 20 year withdrawal period?
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