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investment to earn 8% over long term 401k is 100% invested in mutaul funds Assuming their average tax rate is 25% currently and for the

investment to earn 8% over long term
401k is 100% invested in mutaul funds image text in transcribed
Assuming their average tax rate is 25% currently and for the future until retirement and is expected to be 15% at retirement, how would $1,000 of pretax contribution today grow in an IRA versus Roth IRA? Assume 100% of the money is withdrawn after 30 years. Use the Smith's expected rate of return on investments for compounding and assume there are no other contributions in the future

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