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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% highrisk; 10% mediumrisk; 90% lowrisk
10% highrisk; 20% mediumrisk; 70% lowrisk
30% highrisk; 45% mediumrisk; 25% lowrisk
70% highrisk; 25% mediumrisk; 5% lowrisk
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% highrisk; 10% mediumrisk; 90% lowrisk 10% highrisk; 20% mediumrisk; 70% lowrisk 30% highrisk; 45% mediumrisk; 25% lowrisk 70% highrisk; 25% mediumrisk; 5% lowrisk

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Megan 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
 one year ago
Best ResponseYou've already chosen the best response.0Early in a savings plan, you are advised to take more highrisk investments, because if you lose them, you still have time to make the money. Near retirement, you want to make more lowrisk investments. Jose is about a third of the way through his working life, so he wants some balance. Probably leaning towards C.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0what about the 2nd one

BTaylor
 one year ago
Best ResponseYou've already chosen the best response.0don't really know about that

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.0I 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?

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.0Also, 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
 one year ago
Best ResponseYou've already chosen the best response.0They do not have a bracket for it but I have an example that I am not sure will help

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.0ok let me see and it might help

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Tabitha 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
 one year ago
Best ResponseYou've already chosen the best response.0so there is no tax bracket anywhere in your book ? or anywhere in the lesson?

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.0btw, what's the name of your book that you are using?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Its not a textbook its Florida Virtual School

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0For the tabitha question it says that Tabitha must pay 50%of visits 110, 25% f visits 1120, 0% of visits of 2152, and 100% of visits 5360 0.50*120*10=600 0.25*120*10=300 1.00*120*8=960 Total cost for tabitha=1,860

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.0are there any other IRA examples?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Max 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
 one year ago
Best ResponseYou've already chosen the best response.0FVOA=C * (1+i)^nt1  i
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