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Currently Nathan deposits $300 at the end of each month into an IRA and his company...

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Finance

Currently Nathan deposits $300 at the end of each month into anIRA and his company will match 40% of his deposit amount. He willretire in 45 years. Assuming his account will earn 8.5% interestrate (APR), how much he can withdraw monthly after his retirementafter-tax basis? (Assume he will live for another 25 years afterretirement, his average tax rate will be 20%, and his depositamount will remain constant).

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Nathan deposits 300 Employer contribution 40 of 300 120 So monthly deposit in IRA total at end of the month 300120 420 Time 45 years or 4512 540 months    See Answer
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Currently Nathan deposits $300 at the end of each month into anIRA and his company will match 40% of his deposit amount. He willretire in 45 years. Assuming his account will earn 8.5% interestrate (APR), how much he can withdraw monthly after his retirementafter-tax basis? (Assume he will live for another 25 years afterretirement, his average tax rate will be 20%, and his depositamount will remain constant).

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