SOLUTION: You are currently making $80,000 a year after taxes and are interested in maintaining your current income. If you are expecting $2,400 a month from Social Security, how much will y

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: You are currently making $80,000 a year after taxes and are interested in maintaining your current income. If you are expecting $2,400 a month from Social Security, how much will y      Log On


   

Question 1048434: You are currently making $80,000 a year after taxes and are interested in maintaining your current income. If you are expecting $2,400 a month from Social Security, how much will you need to withdraw from your retirement account monthly?
Answer by jorel555(1290) About Me  (Show Source):
You can put this solution on YOUR website!
80000/12=$6666.67/mth
6666.67-2400=$4266.67/month withdrawals from retirement account. ☺☺☺☺