Alex is 31 years old and has lived in Los Alamos. New Mexico, for the last four years where he works at the Los Alamos National Laboratory (LANL). LANL provides employees with a 401(00 plan and for every $1 an employee contributes (up to 9 percent of the employee's salary) LANL contributes $3 (a 3-to-1 match). The plan provides a stx-year graded vesing schedule Alex is now in his fith year working for LANL, and his current year salary is $170,000. Alex's marginal tax rate is 24 percent in 2018 Answer the following questions relating to Alex's retrement savings in 2018. (use Exnibr 132 ExhIDT 133) Required: a. Assume that over the past four years. Alex has contributed $45,000 to nis 401K) and his employer has contributed $15,000 to the b. Because Alex considers his employers matcning contributions ree money he wants to maximize the amount of LANL's c. In need of cash to build a home theater. Alex withdrew $30:000 from his tradimonal 401k) account What amount of the withdrawat d. Assume that Alex contibutes $10,000 to his traditional 40Ki account this year Also assume that in 30 years, Alex retires (at age plan. The plan has an account baiance of $175,000. contributions. What is the least amount Alex can contribute and still maximize LANL's contribution? after taxes and penalties. wi Alex have available to complete his project? What is Alex's vested account balance in his 40(k)? 67) and wtndraws the $10.000 contribution made this year and all the earnings generated by the contribution, Also assume that marginal tax rate at the time he retires is 24 percent. ignore eny prior or subsequent contributions to his plan. if Alex earns a percent annual before-tax rate of return, wnat are his afte -tax proceeds from the distribution? e. Assume thet Alexis 74 years old at the end of the yebr reared and that his marginal tax rate is 24 percent. His account balance his traditional 40181 was $1.250,000 at the end of last yeor What Is the minimum aistribution Alex must receive from his 4010) account for thisAlex receves a $43 0po dstrioutien from his o1 account inis ony cistrbution during the yean, whor amounm wlu he be abieto Keep after tayes and penaltes if anyl? Complete this question by ente ring your answers in the tabs below Req A b C th4 ef the year, retred and tha: his marginal tax rate $1 250.000the end of last year What is the minimum d tion from hi 40113)account Alex is 31 years old and has lived in Los Alamos. New Mexico, for the last four years where he works at the Los Alamos National Laboratory (LANL). LANL provides employees with a 401(00 plan and for every $1 an employee contributes (up to 9 percent of the employee's salary) LANL contributes $3 (a 3-to-1 match). The plan provides a stx-year graded vesing schedule Alex is now in his fith year working for LANL, and his current year salary is $170,000. Alex's marginal tax rate is 24 percent in 2018 Answer the following questions relating to Alex's retrement savings in 2018. (use Exnibr 132 ExhIDT 133) Required: a. Assume that over the past four years. Alex has contributed $45,000 to nis 401K) and his employer has contributed $15,000 to the b. Because Alex considers his employers matcning contributions ree money he wants to maximize the amount of LANL's c. In need of cash to build a home theater. Alex withdrew $30:000 from his tradimonal 401k) account What amount of the withdrawat d. Assume that Alex contibutes $10,000 to his traditional 40Ki account this year Also assume that in 30 years, Alex retires (at age plan. The plan has an account baiance of $175,000. contributions. What is the least amount Alex can contribute and still maximize LANL's contribution? after taxes and penalties. wi Alex have available to complete his project? What is Alex's vested account balance in his 40(k)? 67) and wtndraws the $10.000 contribution made this year and all the earnings generated by the contribution, Also assume that marginal tax rate at the time he retires is 24 percent. ignore eny prior or subsequent contributions to his plan. if Alex earns a percent annual before-tax rate of return, wnat are his afte -tax proceeds from the distribution? e. Assume thet Alexis 74 years old at the end of the yebr reared and that his marginal tax rate is 24 percent. His account balance his traditional 40181 was $1.250,000 at the end of last yeor What Is the minimum aistribution Alex must receive from his 4010) account for thisAlex receves a $43 0po dstrioutien from his o1 account inis ony cistrbution during the yean, whor amounm wlu he be abieto Keep after tayes and penaltes if anyl? Complete this question by ente ring your answers in the tabs below Req A b C th4 ef the year, retred and tha: his marginal tax rate $1 250.000the end of last year What is the minimum d tion from hi 40113)account