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You have 6K of spare pre-tax income that you're looking to invest for the future. Today you are in a combined federal+state marginal tax bracket
You have 6K of spare pre-tax income that you're looking to invest for the future. Today you are in a combined federal+state marginal tax bracket of 21%. You are anticipating that in 40 years your marginal tax bracket on your retirement income will be 18%.
If you decide to invest this money in a Roth IRA, and earn earn an average annual rate of return of 8.2%, how much will you have in 40 years after withdrawing from the IRA?
If you decide to invest this money in a Roth IRA, and earn earn an average annual rate of return of 8.2%, how much will you have in 40 years after withdrawing from the IRA?
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Handbook Of Blockchain Digital Finance And Inclusion
Authors: David Lee, Robert H. Deng
1st Edition
0128104414, 978-0128104415
