Question
Assuming their average tax rate is 25% currently and for the future until retirement and is expected to be 15% at retirement, how would $1000
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Assuming their average tax rate is 25% currently and for the future until retirement and is expected to be 15% at retirement, how would $1000 of pretax contribution today grow in an IRA versus Roth IRA. Assume 100% of the money is withdrawn after 30 years. Use the Gordons expecteqd rate of return on investments for compounding and assume there are no other contributions in the future.
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Evaluate two companies (For example Charles Schwab and Fidelity) and decide which you would suggest for the Gordons to open a traditional IRA or a Roth account.
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If Michael left his current job to start a new job, what can he do with his current 401 (K)?
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