Question

Mrs. LR, age 64, plans to retire this December. She estimates that the balance in her IRA will be $86,500, which she plans to withdraw to finance the purchase of a condominium. Assuming that her marginal tax rate is 25 percent, compute her after-tax cash from the IRA liquidation assuming that:
a. The IRA is a Roth IRA which she opened in 1999.
b. The IRA is a traditional IRA to which she made only deductible contributions.
c. The IRA is a traditional IRA to which she made $20,400 deductible and $32,600 non deductible contributions.


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  • CreatedNovember 03, 2015
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