A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • one year ago

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

  • This Question is Closed
  1. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    @jim_thompson5910

  2. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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

  3. BTaylor
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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.

  4. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    what about the 2nd one

  5. BTaylor
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    don't really know about that

  6. jim_thompson5910
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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?

  7. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Um let me check

  8. jim_thompson5910
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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

  9. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    They do not have a bracket for it but I have an example that I am not sure will help

  10. jim_thompson5910
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    ok let me see and it might help

  11. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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?

  12. jim_thompson5910
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    so there is no tax bracket anywhere in your book ? or anywhere in the lesson?

  13. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    dont think so

  14. jim_thompson5910
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    btw, what's the name of your book that you are using?

  15. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Its not a textbook its Florida Virtual School

  16. jim_thompson5910
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    I see

  17. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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

  18. jim_thompson5910
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    are there any other IRA examples?

  19. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    I am checking

  20. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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

  21. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    FVOA=C * (1+i)^nt-1 ----------- i

  22. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.