3. Yon made contributions to a Traditional IRA over the course of 25 working years. Her...

 

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3. Yon made contributions to a Traditional IRA over the course of 25 working years. Her contributions averaged $3,000 annually. Yon was in the 26% tax bracket during her working years. The average annual rate of return on the account was 4%. Upon retirement, Yon stopped working and making IRA contributions. Instead, she started living on withdrawals from the retirement account. At this point, Yon dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Yon's Traditional IRA at retirement? Assume annual compounding. (3 points) $106,197.06 $92,453.91 $169,947.06 $111,194.57 4. Kevin made contributions to a Roth IRA over the course of 40 working years. His contributions averaged $3,000 annually. Kevin was in the 25% tax bracket during his working years. The average annual rate of return on the account was 7%. Upon retirement, Kevin stopped working and making Roth IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Kevin dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Kevin's Roth IRA at retirement? Assume annual compounding. (3 points) $449,179.01 $568,905.34 $580,905.34 $586,905.34 3. Yon made contributions to a Traditional IRA over the course of 25 working years. Her contributions averaged $3,000 annually. Yon was in the 26% tax bracket during her working years. The average annual rate of return on the account was 4%. Upon retirement, Yon stopped working and making IRA contributions. Instead, she started living on withdrawals from the retirement account. At this point, Yon dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Yon's Traditional IRA at retirement? Assume annual compounding. (3 points) $106,197.06 $92,453.91 $169,947.06 $111,194.57 4. Kevin made contributions to a Roth IRA over the course of 40 working years. His contributions averaged $3,000 annually. Kevin was in the 25% tax bracket during his working years. The average annual rate of return on the account was 7%. Upon retirement, Kevin stopped working and making Roth IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Kevin dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Kevin's Roth IRA at retirement? Assume annual compounding. (3 points) $449,179.01 $568,905.34 $580,905.34 $586,905.34