Lucas does not convert her IRA. He invests his IRA in a mutual fund targeted to earn 10% per year. He invests his cash account in a money market fund earning 2.5% per year. When he hits age 60, he decides to convert her IRA to a Roth IRA.

Compute his after-tax spending power at this point (assume his tax bracket is the same).

Answer rating: 100% (QA)

In order to calculate the aftertax spending power at age 60 we firs... View the full answer