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Assignment: Chapter 14 Planning for Retirement Attempts: Keep the Highest 17 8. Benefits of traditional and Roth 401(K) plans Traditional 401(k) versus Roth 401(k) Sam
Assignment: Chapter 14 Planning for Retirement Attempts: Keep the Highest 17 8. Benefits of traditional and Roth 401(K) plans Traditional 401(k) versus Roth 401(k) Sam has decided to contribute to a savings program, He can open a tradition 401(k) or a Roth 401(K) and has determined that he can afforda $14.400 contribution. Sam's salary is $106.500 per year, and he is in the 32 tax bracket Sam decides to go with traditional 401(k), his contribution amount will be s And the amount offset va aduced tax bill will be Instead, Samt decides to go with a Roth 401(K), his contribution amount will be And the amount ofriet via a reduced tax bill will be Assuming all the same facts suppose that Sam decides to open both 401(k) plans, pitting what he can afford to contribute qually between both plans Unow this scenario, Sam's contribution amount will be And the amount offset via reduced tax bill will be When Sametines, which is more will be able to exclude trom taxable income Grader Now Save & Continue
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