Question

Kirby made contributions to a Roth IRA over the course of 35 working years. His contributions averaged $2,000 annually. Kirby was in the 26% tax bracket during his working years. The average annual rate of return on the account was 5%. Upon retirement, Kirby stopped working and making Roth IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Kirby dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Kirby’s Roth IRA at retirement? Assume annual compounding.

Answer 1

@aprilann143 @Ashleyisakitty

Answer 2

@Rolltideroll

Answer 3

@joseg.77

Answer 4

@hoblos

Answer 5

Ummm... I don't know this, wait do I know you?

Answer 6

@hopey202 @Poetrylover

Answer 7

Ok, I do not know you...

Answer 8

sorry no.

Answer 9

and ? @joseg.77

Answer 10

Who are you???

Answer 11

u don't need to know people to help them

Answer 12

You are wasting my time. I don't wan't you to annoy me anymore. -.-