Question

Cooper makes annual contributions in the amount of $3,250, on average, to a Roth IRA. He wants to retire in 28 years. He is currently taxed in the 35% tax bracket, but anticipates being taxed at 25% in his retirement years. If the average annual rate of return on his account is 4.1%, what is the net value of Cooper’s Roth IRA account at retirement? $41,229.31 $107,196.21 $133,067.24 $142,167.24

Answer 1

@ganeshie8

Answer 2

@TheSmartOne @Elsa213