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Jenny age, 55 wants to convert $18,000 balance in hertraditional IRA account into Roth IRA

Jenny age, 55 wants to convert $18,000 balance in hertraditional IRA account into Roth IRA

Jenny age, 55 wants to convert $18,000 balance in hertraditional IRA account into Roth IRA after paying necessary taxes.In addition, she plans to deposit $5000 (post tax) into Roth IRA.How much can Jenny withdraw from Roth IRA after 5 years (when sheis 60)? Assume expected return of 9% and marginal tax rate of28%.

how would i solve ?

$26,389 $28,500 $35,431 $27,634

 

Abhinav 05-Dec-2019

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