D Given that your friend is expecting to retire in forty years, how much money will be available at retirement assuming pre-tax contributions? Monthly interest rate: 3 Number of payments Amount available at retirement: 0.290% 480 $561,375.03 Your friend is also considering making after tax contributions to a "regular IRA" or a "Roth IRA." Based on a 35% tax rate, what is the new monthly contribution? After-tax Monthly Contribution: 351.00 How much money will be available at retirement assuming all of the contributions are after tax? 2 Amount available at retirement: $364,893.77 Compare the different retirement vehicles by adjusting the after-tax regular IRA and Roth IRA given the tax rate in the table below at retirement Tax-adjusted after-tax regular IRA Tax rate 25% 30% 35% 40% 45% Tax adjusted Roth IRA $364,893.77 $364,893.77 $364,893.77 $364,893.77 $364,893.77 Assignment 2-F200 Do Not Erase This Sheet A D E Given that your friend is expecting to retire in forty years, how much money will be available at retirement assuming pre-tax contributions? Monthly interest rate: Number of payments: Amount available at retirement: 0.290% 480 $561,375.03 Your friend is also considering making after-tax contributions to a "regular IRA" or a "Roth IRA." Based on a 35% tax rate, what is the new monthly contribution? After-tax Monthly Contribution: $ 351.00 o How much money will be available at retirement assuming all of the contributions are after-tax? 1 2 Amount available at retirement: $364,893.77 3 4 Compare the different retirement vehicles by adjusting the after-tax regular IRA and Roth IRA given the tax rate in the table below at retirement Tax-adjusted after-tax regular IRA: Tax rate 25% 30% 35% 40% 45% Tax-adjusted Roth IRA $364,893.77 $364,893.77 $364,893.77 $364,893.77 $364,893.77 Assignment 2-F200 Do Not Erase This Sheet