Determine the monthly amount you need to put into an Annuity, IRA, or 401(k) to be able to retire with a monthly income that you decide will work for you.Start with the assumption that your social security payment is going to be $2,000 a month, which is $24,000 a year.a.) Monthly income when retired is $45,000b.) Must wait 25 years to retire and receive Social Securityc.) Looking at the difference between $2,000 and what you feel you will need is the monthly amount you will need to add to the $2

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You wish to have a monthly income of 3000 after your retirement Yo... View the full answer