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Vikki [24]
1 year ago
15

robert, age 70, and his wife, diane, age 64, have been married 42 years. they have two sons and five grandchildren. if robert di

es having named diane as his beneficiary, what is diane's best option for his ira if she wants to delay distributions as long as possible?
Business
1 answer:
musickatia [10]1 year ago
6 0

Diane's nice choice for his Ira is Roll over his IRA to her IRA and take distributions starting at her age 70½.

The required details for An individual retirement account (IRA) in given paragraph

An man or woman retirement account (IRA) is a long-time period financial savings account that people with earned earnings can use to store for the destiny and experience sure tax advantages. The IRA is designed typically for self-hired individuals who do now no longer have get admission to to place of business retirement debts consisting of a 401(k), that's to be had most effective thru employers. You can open an IRA thru a bank, an funding company, an internet brokerage, or a private broker. Anyone with earned earnings can open and make a contribution to an IRA, inclusive of the ones who've a 401(k) account thru an employer.

The most effective issue is on the whole that you may make a contribution for your retirement debts in a unmarried year.

To know about An individual retirement account (IRA) click here

brainly.com/question/15742141

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A buyer with a 15-year, $250,000 loan at a 5.5% interest rate has a monthly principal and interest payment totaling $2,042.71. W
lorasvet [3.4K]

<u>Given:</u>

Loan amount = $250000

Interest rate = 5.5%

Interest payment = $2042.71

<u>To find:</u>

Total amount of interest

<u>Solution:</u>

The total number of months in 15 years = 15\times12=180\text{ years }

Total monthly payments will be 180\times \$2042.71 = \$367687.8

So, the total pay-backs will be $3,67,687.8

Total interest paid will be as follows,

\text{Total interest paid = Total pay-backs - Loan amount}

On plugging-in the values in the above formula we get,

\Rightarrow \$3,67,687.8-\$250,000=\$1,17,687.80

Therefore, the total amount of interest that the borrower will pay over the course of the loan is $1,17,687.80.

8 0
3 years ago
A cell phone provider charges felicia $50 per month for her plan plus $0.05 per min of long distance calls.if felicia wants to k
Sunny_sXe [5.5K]
$0.05m + $50>55

0.05 per minute plus $50 per month for the plan less than $55
7 0
3 years ago
India is fast becoming a global center for which of the following? select one:
polet [3.4K]
It is becoming a global center for it, computer programming, and software.
4 0
3 years ago
Cyclical unemployment: a) rises during recession. b) falls during recession. c) rises during expansion. d) is a part of natural
dimulka [17.4K]

Cyclical unemployment: rises during a recession

<h3><u>What is Cyclical unemployment ?</u></h3>
  • Cyclical tendencies in growth and output, as shown by the GDP, that take place throughout the economic cycle are what are meant by cyclical unemployment.
  • Cyclical unemployment is defined by economists as the situation that arises when firms don't have enough demand for labor to hire all people who are searching for work at that particular stage of the business cycle.
  • There may be a commensurate decrease in supply output to make up for a loss in demand for a good or service.
  • To fulfill the lower norm of production volume, fewer workers are needed when supply levels are cut.
  • The corporation will discharge any employees who are no longer required, which will result in their unemployment.

To learn more about Cyclical unemployment, refer to:

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6 0
1 year ago
How much will $6000 be worth if it is invested at 3.5% interest for 20 years compounded annually, semi-annually, quarterly, mont
BabaBlast [244]

Answer:

Results are below.

Explanation:

Giving the following information:

Initial investment= $6,000

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

<u>Compounded annually:</u>

n= 20

i= 0.035

FV= 6,000*1.035^20

FV= $11,938.73

<u>Compounded semi-annually:</u>

n=20*2= 40

i= 0.035/2= 0.0175

FV= 6,000*(1.0175^40)

FV= $12,009.58

<u>Compounded quarterly:</u>

n= 20*4= 80

i= 0.035/4= 0.00875

FV= 6,000*(1.00875^80)

FV= $12,045.78

<u>Compounded monthly:</u>

n= 20*12= 240

i= 0.035/12= 0.00292

FV= 6,000*(1.00292^240)

FV= $12,079.84

<u>Compounded weekly:</u>

n= 20*52= 1,040

i= 0.035/52= 0.000673

FV= 6,000*(1.000673^1,040)

FV= $12,078.71

<u>Compounded daily:</u>

n= 20*365= 7,300

i= 0.035/365= 0.000096

FV= 6,000*(1.000096^7,300)

FV= $12,091.78

3 0
3 years ago
Read 2 more answers
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