Question
Mia contributed $100,000 to a Roth individual retirement account (IRA) over the past 20 years. She retired at age 60 and would like to withdraw
Mia contributed $100,000 to a Roth individual retirement account (IRA) over the past 20 years. She retired at age 60 and would like to withdraw all the funds. She would be in the 24% federal marginal tax bracket. How much will she pay in income taxes on the funds?
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Answer Since Roth IRAs are funded with aftertax dollars there are no income taxes to be ...
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
15th edition
132554909, 978-0132554909
