How much will the retirement fund be worth in 30 years

Reference no: EM13181525

You earn 50,000 per year and in the 28% fed tax bracket. Each year you contribute 2,500 tax free to an IRA account. The account earns 8% annual interest. In addition, the amount of tax that you save each year by making these pre tax contributions is invested in a taxable aggressive growth mutual fund averaging 15%.

How much will the retirement fund be worth in 30 years?

Reference no: EM13181525

Questions Cloud

Type of control system : Owners from two businesses have asked you which type of control system they should utilize. To help you make your decision, they have each provided a brief description of their organization.

Similarities can we find between the cultures and lifestyle : What similarities can we find between the cultures and lifestyles of African natives during the 17th-19th centuries and Native American cultures of that same basic time period? Give some examples.

Express the results in pascals and mega pascals : What is the stress at the crust-mantle boundary in problem #5 above? (Express the results in Pascals and mega Pascals). Does the stress change if the diameter of the core is 1 meter instead of 10 cm? Explain.

How much does the economy have to grow : How much does the economy have to grow (potential output is, 3.5% and the unemployment rate is 7.3%) in 2014 to bring the unemployment rate down to 5%? How much does it have to grow each year to bring the unemployment rate down to 5% by 2017.

How much will the retirement fund be worth in 30 years : You earn 50,000 per year and in the 28% fed tax bracket. Each year you contribute 2,500 tax free to an IRA account. The account earns 8% annual interest. In addition, the amount of tax that you save each year by making these pre tax contributions ..

Calculate the average return per period for an investor : Calculate the average return per period for an investor who bought 100 shares of the Closed Fund at the initiation and then sold her position at the end of Period 4.

Learning a foreign language-cultural elements : When learning a foreign language, how important is to learn about the cultural elements where the language is spoken? Research the topic. Give real life examples?

What is the relationship between correlation and regression : What is the relationship between correlation and regression? Can you have one without the other? Why or why not?

State the hydrogen is recovered as its most stable oxide : The hydrogen is recovered as its most stable oxide. When the oxide was made to decompose completely it released 1.274x10^25 molecules of oxygen gas.

User Account

All Pages