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Business, 09.11.2019 01:31 eggg65

Suppose you have just graduated hofstra and accepted a job with a $100,000 salary. your 401(k) will be maxed at 5% employee contribution and 1-1 employer match. you will work for exactly the next 45 years (for simplicity assume your salary is unchanged). at your 5 year review you will receive a one time $20,000 bonus which you will deposit in your retirement plan. you will live exactly 25 years after you retire. you plan to leave $200,000 to hofstra to name a building after yourself. if you expect to earn 6% return annually, what are your annual withdrawals?

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Suppose you have just graduated hofstra and accepted a job with a $100,000 salary. your 401(k) will...
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