Question
You will retire in 20 yrs.You have 2 retirement accounts A and B. You currently have $200,00 in A and 300,00 in B. You will
You will retire in 20 yrs.You have 2 retirement accounts A and B. You currently have $200,00 in A and 300,00 in B. You will deposit $2000/ quarter for the next 20 yrs into B. Account A earned 10% compounded quarterly and Account B earns 7% compounded annually. After retirement, you will withdraw an equal amount in each month, for 10 yrs, and then, and then have nothing left. When you retire you will transfer your money into Account C which earns 6% compounded monthly.
a. How much do you have at retirement?
b. How much can you withdraw each month after retirement?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
