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You want to retire at 55 in 30 years. You were able to accumulate $1,250,000. If you were able to average 5% return in retirement

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You want to retire at 55 in 30 years. You were able to accumulate $1,250,000. If you were able to average 5% return in retirement and wanted to withdraw $8,000 per month, how long will you'll money last? 21 years 32 years 25 years 16 years Woody works for Tyler Technologies. The 401(k) retirement plan the company has matches dollar for dollar the first 5% of the employee's salary contributed to the 401(k). Sydney currently earns $50,000 in gross salary and she currently contributes 15% of her salary into her 401(k). How much is the total contribution to her account every year? $4,000 O $8,000 $6,000 O $10,000 For individuals age 50 and over, the largest permissible yearly IRA contribution is increased by 20% of AGI O $5,500 $1,000 $6,000 QUESTION 21 The social security system is a pay as you go" system. According to the Social Security Administration, disbursements to social security beneficiaries will exceed tax revenue collected from workers in: O 2030 O 2022 O 2025 O 2020 You want to retire at 55 in 30 years. You were able to accumulate $1,250,000. If you were able to average 5% return in retirement and wanted to withdraw $8,000 per month, how long will you'll money last? 21 years 32 years 25 years 16 years Woody works for Tyler Technologies. The 401(k) retirement plan the company has matches dollar for dollar the first 5% of the employee's salary contributed to the 401(k). Sydney currently earns $50,000 in gross salary and she currently contributes 15% of her salary into her 401(k). How much is the total contribution to her account every year? $4,000 O $8,000 $6,000 O $10,000 For individuals age 50 and over, the largest permissible yearly IRA contribution is increased by 20% of AGI O $5,500 $1,000 $6,000 QUESTION 21 The social security system is a pay as you go" system. According to the Social Security Administration, disbursements to social security beneficiaries will exceed tax revenue collected from workers in: O 2030 O 2022 O 2025 O 2020

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