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What should his after-tax current yield be to covers

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Problem 1: Your retired client has accumulated investment and retirement assets totaling $7,021,000 and is happy with an after-tax lifestyle of $344,000 a year. He is going to spend this amount every year forever. Leaving aside issues of inflation, what should his after-tax current yield be to covers his cost of living?

Reference no: EM132985594

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