Project #88968 - tax

Tom, who is age35 and single, is not covered by a pension plan at work. He is currently in the 25% marginal tax bracket. He plans to retire at age 70. Should he make annual contributions to a regular IRA or a Roth IRA? He expects to earn an annual rate of return on his contributions of 4%, expects to be in the 25% bracket during his employment years, and expects to be in the 15% bracket during his retirement years. [ Hint: assume the contribution to the Roth account equals the contribution to the regular IRA x (1- marginal tax rate).]  How would your answer change if he expects to be in the 25% marginal tax bracket when he retires? How would your answer change if he expects to be in the 30% marginal tax bracket when he retires?

 

1- Prepare Excel file to analyze the information

2- Prepare a letter to the client detailing the actions you would advise Tom to take (the letter should contain facts, the Issue, discussion and analysis, and conclusion).

Subject Business
Due By (Pacific Time) 10/26/2015 10:00 am
Report DMCA
TutorRating
pallavi

Chat Now!

out of 1971 reviews
More..
amosmm

Chat Now!

out of 766 reviews
More..
PhyzKyd

Chat Now!

out of 1164 reviews
More..
rajdeep77

Chat Now!

out of 721 reviews
More..
sctys

Chat Now!

out of 1600 reviews
More..
sharadgreen

Chat Now!

out of 770 reviews
More..
topnotcher

Chat Now!

out of 766 reviews
More..
XXXIAO

Chat Now!

out of 680 reviews
More..
All Rights Reserved. Copyright by AceMyHW.com - Copyright Policy