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Retirement Analysis Assume John cashed in his 401(k) when the FMV was $1,054,540. He receives a check and deposits the proceeds a few days later

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Retirement Analysis Assume John cashed in his 401(k) when the FMV was $1,054,540. He receives a check and deposits the proceeds a few days later into his IRA account. What will the value be after 3 years if the account grows at a 3% guaranteed CD rate, ignoring any required minimum distributions that may apply? 1) Future value of John's IRA account: 2) How can John and Mary grow the retirement assets tax-free? 3) Based on the facts in this case, for the year 2019, what is the maximum amount that John and Mary can contribute to an IRA? Also, would you recommend a Roth IRA, a deductible IRA or a non-deductible IRA? 4) Based on the facts in this case, for the year 2019, what is the maximum amount that John and Mary can contribute as a qualified charitable distribution (QCD) from their 401(k)

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