Question

Yon made contributions to a Traditional IRA over the course of 35 working years. Her contributions averaged $2,000 annually. Yon was in the 28% tax bracket during her working years. The average annual rate of return on the account was 6%. Upon retirement, Yon stopped working and making IRA contributions. Instead, she started living on withdrawals from the retirement account. At this point, Yon dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Yon’s Traditional IRA at retirement? Assume annual compounding.

Answer 1

@Rolltideroll

Answer 2

@SarahEZZMcK

Answer 3

@broken2015 @gamewarden23 @undeadknight26 @primeralph

Answer 4

$217,772.46

Answer 5

thank u !!

Answer 6

anytime

Answer 7

*facepalm* well i wasnt any help