Homework Answers
Answer: 3rd option
FV in both the cases (traditional, and Roth) would be the same, since the accumulation is for same amount of contribution and with same number of years. It happens at 32% marginal tax rate where (traditional = Roth = 65,351.22)
Only the difference is – Roth doesn’t have tax liability while withdrawing, but traditional has tax liability of (65,351.22 × 32% =) 20,912.39; this tax amount is the edge of choosing Roth.
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Incorrect Question 12 0/0 pts The following table details the future value of a traditional and...
Yuki (age 45 at year-end) has been contributing to a traditional IRA for years (all deductible...
Yuki (age 45 at year-end) has been contributing to a traditional IRA for years (all deductible contributions), and her IRA is now worth $46,000. She is trying to decide whether she should roll over her traditional IRA into a Roth IRA. Her current marginal tax rate is 25 percent. She plans to withdraw the entire balance of the account in 20 years and she expects to earn a before-tax rate of return of 5.6 percent on her retirement accounts and...
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I JUST NEED ANSWER FOR "C" TO MAKE SURE I'M CORRECT
PLEASE
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D Question 7 1 pts Which of the following statements is NOT correct regarding the conversion...
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B. 109,427 108,514 913 This is Lessor? Thanks Yuki (age 45 at year-end) has been contributing...
B.
109,427
108,514
913 This is Lessor?
Thanks
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Yuki (age 45 at year-end) has been contributing to a traditional IRA for years (all deductible contributions), and her IRA is now worth $46,000. She is trying to decide whether she should roll over her traditional IRA into a Roth IRA. Her current marginal tax rate is 25 percent. She plans to withdraw the entire balance of the account in 20 years and she expects to earn a before-tax rate of return of 5.6 percent on her retirement accounts and...
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I JUST NEED ANSWER FOR "C" TO MAKE SURE I'M CORRECT
PLEASE
Yuki (age 45 at year-end) has been contributing to a traditional IRA for years (all deductible contributions) and her IRA is now worth $46,000. She is trying to decide whether she should roll over her traditional IRA into a Roth IRA. Her current marginal tax rate is 25 percent. She plans to withdraw the entire balance of the account in 20 years and she expects to earn a...
One of the simplest tax avoidance strategies is to contribute to a Roth IRA, although this may not be right for everyone. Some individuals, particularly low-income households that may be eligible for tax credits because of young children in the home, may benefit more from contributions to a traditional IRA. Here, you want to help Jennifer identify the best retirement savings option for her situation. Jennifer is 25, single, and makes $38,000 a year. Jennifer does not have access to...
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B.
109,427
108,514
913 This is Lessor?
Thanks
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