Jennilee made contributions to an IRA over the course of 40 working years. Her contributions averaged $5,000 annually. Jennilee was in the 33% tax bracket during her working years. The average annual rate of return on the account was 6.5%, bringing the value of the IRA to $878,159.58 by the time she retired. At this point, Jennilee stopped working and making IRA contributions, and instead started living on withdrawals from the retirement account. Jennilee dropped into the 28% tax bracket at retirement. What is the difference in the taxes Jennilee would pay on this account over time between a

Question

anonymous · Answer

$10,000.00 $43,907.98 $179,884.68 $233,792.66 * MY WORK * http://www.wolframalpha.com/input/?i=FVOA%3D3000*%28%281%2B0.065%29%5E%281*40%29-1%29%29%2F%280.065%29

anonymous · Answer

ayyy dats what I got to tho @NaCl

anonymous · Answer

@lulu22 Twiiiinnnsssss ^_^

anonymous · Answer

answer is A, $10,000.00