You are Age $22$ and are deciding whether a Roth IRA or a Traditional IRA is the best deal until you retire at Age $67.$ You just accepted a job offer and estimate your annual Adjusted Gross Income $($AGI$)$ will start at $$55,000.$ Your tax rate will be $22\%$ and you estimate the tax rate to be the same when you retire. You are not married. You have an Employer Plan $($i$.$e$.,401$k$).$ You expect a $5\%$ after$-$tax annual return. You will always maximize your IRA contributions each year, starting with $$7,000$ at Age $22.$

Use www$.$dinkytown.net Links to an external site. $$Roth IRA vs$.$ Traditional IRA Calculator.$$

Select the correct Answer. The Answers appear as "Roth IRA" and then "Trad. IRA $+$ Tax Savings."

Group of answer choices

$$690,925,$ $$666,923.$

$$1,130,562,$ $$1,200,929.$

$$1,200,929,1,130,562.$

$$666,923,690,925.$