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You have turned 35 years old and have recently switched to a new job. You have $70,000 in the retirement plan from your former employer.
You have turned 35 years old and have recently switched to a new job. You have $70,000 in the retirement plan from your former employer. You will roll that money into the retirement plan of the new employer. In addition, you will contribute $8,000 each year into your new employers plan. If the rolled-over money and the new contributions both earn an 8 percent return, how much money would you expect to have when you retire in 28 years? **Show work and answer in excel
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