1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Hunter-Best [27]
3 years ago
5

Peter is a 40-year-old average income earner. He is ready to start planning for retirement, and plans to make the maximum possib

le contribution to an IRA, which is currently $5,000 per year. Because he still has 25-30 years until retirement, Peter wants to invest most of the contributions to the IRA in higher risk securities. His hope is that, when the economy is strong, he'll make some large gains on the account. At this point, which type of IRA would be best for Peter, a Traditional or Roth IRA?
I think the answer would be a Roth IRA. I'm not all that sure though.
Mathematics
1 answer:
Bad White [126]3 years ago
6 0
Roth IRA doesn't get you a tax deduction for the contributions, but the earnings grow tax free and you don't pay tax on the withdrawals after retirement. A traditional IRA gives you a tax deduction for the contributions at the time you make them, and the earnings grow tax free, but when you withdraw the money after retirement, you are taxed on it. The idea is that you are hopefully in a lower tax bracket at that point. So its only natural that Roth IRA is the best.
You might be interested in
Factorize x3 -2x2 -5x+6
Advocard [28]

Answer: x³-2x²-5x-6=(x-1)*(x-3)*(x+2).

Step-by-step explanation:

x^3-2x^2-5x+6=\\\\x^3-2x^2+x-x-5x+6=\\\\(x^3-2x^2+x)-6x+6=\\\\x*(x^2-2x+1)-6*(x-1)=\\\\x*(x-1)^2-6*(x-1)=\\\\(x-1)*(x*(x-1)-6)=\\\\(x-1)*(x^2-x-6)=\\\\(x-1)*(x^2-x-2x+2x-6)=\\\\(x-1)*(x^2-3x+2x-6)=\\\\(x-1)*(x*(x-3)+2*(x-3))=\\\\(x-1)*(x-3)*(x+2).

5 0
2 years ago
Write an algebraic rule to describe the translation C(5, –4)- ’(–2, 1).
Orlov [11]
A negative minus a negative is always a positive ;)
5 0
3 years ago
Please help me on math???
hjlf
The answer is a..................................

3 0
3 years ago
Read 2 more answers
Find ten rational numbers between -1 by 5 and 1 by 2 ​
uysha [10]

Answer:

Step-by-step explanation:

First both the rational numbers should have same denominators. So, find least common denominator

Least common denominator is 10

\frac{-1}{5}=\frac{-1*2}{5*2}=\frac{-2}{10}\\\\\\\frac{1}{2}=\frac{1*5}{2*5}=\frac{5}{10}\\\\\\

Now multiply  the numerator  and denominators of the both the numbers by 10.

\frac{-2*10}{10*10}= \frac{-20}{100} \ and \ \frac{5*10}{10*10}=\frac{50}{100}\\\\\\Now\ 10 \ rational  \ numbers \ between\frac{-20}{10} \ and \ \frac{50}{100} \ is \\\\\\\frac{-19}{100},\frac{-18}{100},\frac{-17}{100},\frac{-16}{100}.\frac{-15}{100},\frac{-14}{100},\frac{-13}{100},\frac{-12}{100},\frac{-11}{100};\frac{-10}{100}

8 0
3 years ago
Please i need help! :(
stepan [7]
Help help help help help help
5 0
3 years ago
Read 2 more answers
Other questions:
  • 6 eggs were bought at a supermarket
    9·1 answer
  • Find the values of θ at which there are horizontal tangent lines on the graph of r = 1 + cos θ.
    9·1 answer
  • write a word problem in which you multiply a fraction by a number greater than 1. Estimate the product then compare the product
    6·1 answer
  • How do I Simplify 4a – 7b + 2ab – a + b (I need step by step cause I'm trying to learn this)
    8·1 answer
  • A store clerk makes a display with 36 bags of beads. Each bag has 48 beads. How many beads are in the display?
    12·2 answers
  • Find the surface area
    10·1 answer
  • A 10 meter ladder is leaned up against a building. If
    8·1 answer
  • Need help asappppppp​
    8·1 answer
  • What are the coordinates of point A <br> A. (5,4)<br> B. (4,5)<br> C. (4,6)<br> D. (6,4)
    13·2 answers
  • Find the area of the grey pathway
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!