Question: I need help with 2,3 and 4. Thanks so much! 2. Which retirement plan does not potentially involve contributions from an individual's (I point) employer?
2. Which retirement plan does not potentially involve contributions from an individual's (I point) employer? Tradstional IRA Social Security Pension Plan 4010) 3. Yon made contributions to a Traditional IRA over the course of 35 working years. Her (l point contribut ont averaged S2000 m ally Yon was inthe 28% taxbacket during her working years The average annual rate of return on the account was 6% Upon retrement, Yon stopped working and making IRA coetributions. 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 aneual O$160,466.08 o $189,439 13 $193,893 01 $217,772 46 4 Kobe made coetributions to a Roth IRA over the course of 25 working years His coetributions (i potne) averaged $5,000 annually Kobe was ?n the 27% tax bracket during his working years The average annnal rate of return on the accoust was 4% Upon retirement, Kobe and making Roth IRA contributions Iestead he started lrving on account. At this point Kobe dropped into the wbat is the effective raloe of Kobe's Roth IRA at retirement Assome annual commpounding $159,479.54 $152,007 56 $193,229 54 $174,479 54 Emay 8 3 5 6 7 8
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