16. Alter Tax Calculated Income. 1 point. Your parents recently retired and plan to maintain their current $125,000 annual after tax spending level. Their pension and social security after tax income is $75,000. They hold a stock mutual fund in a taxable account valued at $200,000 that distributes 2% annual qualified dividend income taxed at a 15% rate. They also hold a balanced mutual fund within an IRA, valued at $2,000,000. Your parent's tax rate on IRA distribution income is 25%. They plan to take a distribution of IRA assets to maintain their annual $125,000 after tax spending level. What is the dollar value? Show calculations. Would you advise your parents to make a change to their investment assets? 16. Alter Tax Calculated Income. 1 point. Your parents recently retired and plan to maintain their current $125,000 annual after tax spending level. Their pension and social security after tax income is $75,000. They hold a stock mutual fund in a taxable account valued at $200,000 that distributes 2% annual qualified dividend income taxed at a 15% rate. They also hold a balanced mutual fund within an IRA, valued at $2,000,000. Your parent's tax rate on IRA distribution income is 25%. They plan to take a distribution of IRA assets to maintain their annual $125,000 after tax spending level. What is the dollar value? Show calculations. Would you advise your parents to make a change to their investment assets