Question

Help please
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 @dumbo @johnweldon1993 @Kpinky

Answer 2

@Rolltideroll

Answer 3

http://openstudy.com/study#/updates/4fb8147ce4b05565342d783e

Answer 4

@Jack1

Answer 5

thanks @aprilann143

Answer 6

Did u get your answer?

Answer 7

no.