please help.
Kit made contributions to a Roth IRA over the course of 30 working years. His contributions averaged $4,000 annually. Kit was in the 24% tax bracket during his working years. The average annual rate of return on the account was 6%. Upon retirement, Kit stopped working and making Roth IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Kit dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Kit’s Roth IRA at retirement? Assume annual compounding.

$287,432.74

$305,432.74

$240,336.88

$298,232.74

Question

please help.
 Kit made contributions to a Roth IRA over the course of 30 working years. His contributions averaged $4,000 annually. Kit was in the 24% tax bracket during his working years. The average annual rate of return on the account was 6%. Upon retirement, Kit stopped working and making Roth IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Kit dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Kit’s Roth IRA at retirement? Assume annual compounding.

$287,432.74

$305,432.74

$240,336.88

$298,232.74

anonymous · Answer

@satellite73 
@amistre64 
@gypsy1274

anonymous · Answer

This is exactly the same as your last problem with sightly different numbers. Did you figure that one out?

anonymous · Answer

no i didnt

anonymous · Answer

Sorry, I can't help you on these. Please don't tag me.

anonymous · Answer

what about this one? 
 Which retirement plan comes with a guaranteed benefit at retirement?

401(k)

Fixed Annuity

Roth IRA

Traditional IRA

anonymous · Answer

@gypsy1274