Question
you are planning your retirement in 10 years you currently have 169000$ in a bond account and 609000 in a stock account. you plan to
you are planning your retirement in 10 years you currently have 169000$ in a bond account and 609000 in a stock account. you plan to add 7100$ per year at the end of each of the next 10 years to your bond the stock account will earn a return of 10.75% and the bond account will earn a return of 7.25%.when you retire you plan to withdraw an equal amount of each of the next 21 years at the end of each year and have nothing left. additionally when you retire you will transfer your money to an account that earns 6.5% how much can you withdraw each year in your retirement. annual withdrawal amount
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