anonymous
  • anonymous
Jose is 40 years old and has had a retirement portfolio for 15 years. He still has about 27 years to go before retirement. Which breakdown of investments would a financial advisor most likely suggest for Jose at this point in time? 0% high-risk; 10% medium-risk; 90% low-risk 10% high-risk; 20% medium-risk; 70% low-risk 30% high-risk; 45% medium-risk; 25% low-risk 70% high-risk; 25% medium-risk; 5% low-risk
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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anonymous
  • anonymous
@jim_thompson5910
anonymous
  • anonymous
Megan made contributions to a Roth IRA over the course of 29 working years. Her contributions averaged $2,250 annually. Megan was in the 24% tax bracket during her working years. The average annual rate of return on the account was 4.5%. Upon retirement, Megan stopped working and making Roth IRA contributions. Instead, she started living on withdrawals from the retirement account. At this point, Megan dropped into the 20% tax bracket. Factoring in taxes, what is the effective value of Megan’s Roth IRA at retirement? Assume annual compounding. $116,151.82 $163,541.82 $113,541.82 $126,591.82 @jim_thompson5910
BTaylor
  • BTaylor
Early in a savings plan, you are advised to take more high-risk investments, because if you lose them, you still have time to make the money. Near retirement, you want to make more low-risk investments. Jose is about a third of the way through his working life, so he wants some balance. Probably leaning towards C.

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anonymous
  • anonymous
what about the 2nd one
BTaylor
  • BTaylor
don't really know about that
jim_thompson5910
  • jim_thompson5910
I know a future value of annuities formula plays a part here. I just don't know what to do with the taxes part. Does your lesson mention anything about it?
anonymous
  • anonymous
Um let me check
jim_thompson5910
  • jim_thompson5910
Also, if possible, can you post the tax bracket given to you in the lesson? I'm not finding the 24% tax bracket, but I am finding the 25% tax bracket
anonymous
  • anonymous
They do not have a bracket for it but I have an example that I am not sure will help
jim_thompson5910
  • jim_thompson5910
ok let me see and it might help
anonymous
  • anonymous
Tabitha has a health insurance policy that allows for up to 52 chiropractic visits per year, paid for through a coinsurance agreement. In particular, the insurance company pays for 50% of the cost of the first 10 visits, that is, visits 1 through 10. It pays for 75% of the cost of visits 11 through 20, and 100% of the cost of visits 21 through 52. Tabitha is responsible for the remainder of the costs. How much will Tabitha pay directly for her chiropractic care in a year in which she has 60 visits, billed at $120 each?
jim_thompson5910
  • jim_thompson5910
so there is no tax bracket anywhere in your book ? or anywhere in the lesson?
anonymous
  • anonymous
dont think so
jim_thompson5910
  • jim_thompson5910
btw, what's the name of your book that you are using?
anonymous
  • anonymous
Its not a textbook its Florida Virtual School
jim_thompson5910
  • jim_thompson5910
I see
anonymous
  • anonymous
For the tabitha question it says that Tabitha must pay 50%of visits 1-10, 25% f visits 11-20, 0% of visits of 21-52, and 100% of visits 53-60 0.50*120*10=600 0.25*120*10=300 1.00*120*8=960 Total cost for tabitha=1,860
jim_thompson5910
  • jim_thompson5910
are there any other IRA examples?
anonymous
  • anonymous
I am checking
anonymous
  • anonymous
Max made contributions to a Traditional IRA over the course of 45 working years. The contributions averaged $3,000 annually. And the average annual rate of return on the account was 7%. Upon retirement, he stopped working and making IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, his income is no longer from a job and is mostly from the money he earns from his IRA withdrawals. Based on his new retirement income, he is in the second tax bracket, so he will be taxed at the 15% rate
anonymous
  • anonymous
FVOA=C * (1+i)^nt-1 ----------- i

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