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2. LIZ is required to take out approximately 3. /%% of the balance in the IRA in the first year and th essentially be all
2. LIZ is required to take out approximately 3. /%% of the balance in the IRA in the first year and th essentially be all used by age 100. She may take out more than the minimum each year if she ch If Liz expects the IRA to earn 10% each year, will her IRA balance grow in the first 2 years if she payment? Calculate the earnings on an annual basis and use the total of 12 months of the ann earns 10% on the 700,000, her month payout would be 9084.28. 3, If Liz expects to earn 3% on the IRA, and she takes out an amount equal to the annuity payme Should Liz take the annuity or move the money to the IRA? What factors would influence her Liz should take th IRA option as her balance will grow within the frist 2 years. Not only would the compound interest) but her monthly payout would be more with this option than the ann
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