Mathematics, 30.08.2019 01:00 bthakkar25
Ashton made contributions to a roth ira over the course of 32 working years. his contributions averaged $2,400 annually. ashton was in the 28% tax bracket during his working years. the average annual rate of return on the account was 8%. upon retirement, ashton stopped working and making roth ira contributions. instead, he started living on withdrawals from the retirement account. at this point, ashton dropped into the 15% tax bracket. factoring in taxes, what is the effective value of ashton's roth ira at retirement? assume annual compounding.
1)
$330,608.49
2)
$300,608.49
3)
$310,592.49
4)
$231,920.99
can someone tell me how to solve this?
Answers: 1
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Ashton made contributions to a roth ira over the course of 32 working years. his contributions avera...
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