Use the following information for the next four problems. You are going to invest $6,000 for the next 50 years. You expect to earn 8% per year on your investment. You expect that the current tax law and tax rates of 15% on long-term capital gains and 24% on short-term capital gains and income will still be in effect in 50 years. Assume that any tax savings resulting from your $6,000 investment is put in an after-tax account with unrealized gains. Please include this amount in your answer. If you take all of your money out in 50 years, how much after-tax money will you have if you invest in

5.6 The above three problems, do not tell the whole picture, they ignore fact that some accounts can be set up with pre-tax dollars while others must use after-tax dollars. How much income does it take to set up a $6,000 regular IRA, ROTH IRA, and 401(k)? Setting up a $6,000 account means that you are putting $6,000 into the account (so for the 401(k) please ignore the effects here of the company match).