You analysis was very helpful to Bozena. She has decided to participate in her company's 401(k) plan. She agrees with your analysis (question 4 in the chapter 6 assignment) and your estimate showing $2,133,202 in her retirement account upon retirement. She asks you if she expects to be in the 10% tax bracket upon retirement, and she wishes to fund a retirement that lasts for 25 years, how much after tax money will she have to spend monthly? She conservatively assumes she will earn 5% on her investments during retirement and withdrawals are made at the end of every month. Enter your answer to the nearest dollar without the dollar sign.

Answer rating: 100% (QA)

To calculate the monthly aftertax income that Bozena will have during her retirement we will conside... View the full answer