Mathematics, 26.05.2021 15:00 autumn8668
With inflation and the rising costs of goods and services, retirement planning is essential.
Most financial advisors say that you want to retire with at least a million dollars. Unfortunately, many times people do not know how to save to make a million dollars for retirement. This allows you to earn $40,000 per year without taking away from the million dollars as your cash can earn you that money every year, tax free.
If you start at the age of 21 and want to retire at age 65 with a million dollars, you need to save about $400/month for retirement. This assumes an average 6% growth per year.
I want you to calculate the needed monthly savings to retire at age 67 with one million dollars if you start at age 25, 30 and 35. You should have 3 answers. Look for online calculators to complete this task. If you want to retire at a different age, choose that age instead, but still use the starting ages of 25, 30 and 35.
EX:
I want to retire at age 67.
If I starting saving at:
Age 25: ###/month
Age 30: ###/month
Age 35:###/month
Answers: 1
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 15:00, emilypzamora11
Select the correct answer from each drop-down menu. rewrite the formula to find voltage. the formula for electrical power (p, in watts) is where v is the voltage in volts and r is the resistance in ohms. for a particular brand of water heater, r is 32 ohms and p is 0.5 watts. the formula to find v is , and the voltage at which the heater operates is volts.
Answers: 1
Mathematics, 21.06.2019 15:50, tylerwayneparks
(08.01)consider the following pair of equations: x + y = −2 y = 2x + 10 if the two equations are graphed, at what point do the lines representing the two equations intersect? (−4, 2) (4, 2) (−2, 4) (2, 4)
Answers: 2
Mathematics, 21.06.2019 22:30, lamooothegoat
The pair of coordinates that do not represent the point( 5,150’) is a. (5,-210) b. (5,210) c. (-5,330) d. (-5,-30)
Answers: 1
Mathematics, 21.06.2019 23:00, freebyyy7032
Unaware that 35% of the 10000 voters in his constituency support him, a politician decides to estimate his political strength. a sample of 200 voters shows that 40% support him. a. what is the population? b. what is the parameter of interest? state its value c. what is the statistics of the interest? state its value d. compare your answers in (b) and (c) is it surprising they are different? if the politician were to sample another 200 voters, which of the two numbers would most likely change? explain
Answers: 2
You know the right answer?
With inflation and the rising costs of goods and services, retirement planning is essential.
Most f...
Questions in other subjects:
