Question: lora accepts her first job her saley is 55000 and she is already lookinv to retire in 40 years she needs 75 percent of her

lora accepts her first job her saley is 55000 and she is already lookinv to retire in 40 years she needs 75 percent of her chrrent net income each year to live after retirement. her expected tax rate after retirement is 20 percent. lora's inflation is expected to be 5 percent. what is lora's before tax annual income she needs for retirement years dollars example would be 40 years from bow please keep zero demial place

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!