Mathematics, 16.04.2021 01:50, 20170020

4. Kevin made contributions to a Roth IRA over the course of 40 working years. His contributions averaged $3,000 annually. Kevin was in the 25% tax bracket during his working years. The average annual rate of return on the account was 7%. Upon retirement, Kevin stopped working and making Roth IRA contributions. Instead, he started living on withdrawals from the
retirement account. At this point, Kevin dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Kevin's Roth IRA at retirement? Assume annual compounding. (3
points)
O $449,179.01
O $568,905.34
O $580,905.34
0 5586,905.34

Answers: 2

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4. Kevin made contributions to a Roth IRA over the course of 40 working years. His contributions ave...