Question: Sandy has $ 4 0 0 , 0 0 0 in a traditional 4 0 1 ( k ) , $ 4 0 0 ,

Sandy has $400,000 in a traditional 401(k), $400,000 in a Roth IRA, and $400,000 in an HSA. She is 64 years old and earns $150,000 this year, which she believes will be the highest salary of her career. If she needs to withdraw $50,000 to buy a new car, which account should she withdraw from?
Question 5 options:
a.Traditional 401(k)
b.Roth IRA
c.HSA

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!