Question
Your retired client has accumulated investment and retirement assets totaling $5,233,000 and is happy with an after-tax lifestyle of $255,000 a year. He is
Your retired client has accumulated investment and retirement assets totaling $5,233,000 and is happy with an after-tax lifestyle of $255,000 a year. He is going to spend this amount every year forever. Leaving aside issues of inflation, what should his after-tax current yield be to covers his cost of living?
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
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