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A person deposits $ 4 8 0 0 into a traditional IRA and gets the tax deduction. The tax rate is 3 0 % .

A person deposits $4800 into a traditional IRA and gets the tax deduction. The tax rate is 30%. The person invests the tax savings in a regular account in an asset that is current income asset. The return on that asset and the assets in the IRA is 7%. What will be the after-tax dollar amount the person will have after 39 years if all assets are sold and the funds from the IRA are withdrawn and taxed?

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So the person deposits 4800 into a traditional IRA and gets a tax deduction of 30 which is 1440 The ... blur-text-image

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