Question
Roth IRA Worksheet Lainey Wilkinson is a 36 years old individual who works at a local library. She starts to invest $3,000 per year this
Roth IRA Worksheet Lainey Wilkinson is a 36 years old individual who works at a local library. She starts to invest $3,000 per year this year in a Roth IRA. For investments in a Roth IRA, you will never pay taxes on the interest/dividends/profits. Assume that her investments will make 8% annually until her retirement. I. How much will be there in Laineys IRA account when she retires at 66. II. Assuming that Roth IRA makes 7% annual return after retirement and she can make annual withdrawal, how much will she be able to withdraw per year if she plans to withdraw all the fund from Roth IRA in a) 15 years, b) 20 years, and c) 25 years. Use the attached worksheet 2.
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