Ashley made contributions to a Roth IRA over the course of 29 working years. His contributions averaged $1,700 annually. Ashley was in the 29% tax bracket during his working years. The average annual rate of return on the account was 7%. Upon retirement, Ashley stopped working and making Roth IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Ashley dropped into the 20% tax bracket. Factoring in taxes, what is the effective value of Ashley’s Roth IRA at retirement? Assume annual compounding.

Question

anonymous · Answer

does this have multiple choices @AlmightySosa300

anonymous · Answer

$158,477.81

 $138,629.10

 $134,192.10

 $144,052.10

anonymous · Answer

o Ok that would be defintinly C cause i worked everything out and I gt 134,192.100

anonymous · Answer

@AlmightySosa300