1. Traditional IRA Carlos is 60 years old, is in the 45% marginal tax bracket, and has $300,000 in his traditional IRA. How much money will he have after taxes if he withdraws all of the money from the account?
2. Roth IRA Rework Exercise 3 for a Roth IRA.
3. Traditional IRA If you are 18 years old, deposit $5000 each year into a traditional IRA for 52 years, at 6% interest compounded annually, and retire at age 70, how much money will be in the account upon retirement?