week 3 forum 5
August 2, 2020
discussion post students with disabilities
August 2, 2020

week 3 forum 5

Rachel, who is in the 35% marginal tax bracket, is considering purchasing an annuity that will pay her $10,000 per year for the remainder of her life. Her life expectancy is 15 years. The cost of the annuity is $97,120, and the cost is calculated to yield her an expected 6% return on her investment. As an alternative, Rachel could place the $97,120 in a savings account yielding 6% and she could withdraw $10,000 each year for 15 years (reducing the value of the account to zero at the end of 15 years). How might the tax laws applicable to annuities affect Rachel’s decision.

 

Submit Your Assignment and get professional help from our qualified experts!


week 3 forum 5 was first posted on August 2, 2020 at 11:44 am.
©2019 "Submit Your Assignment". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at support@nursingtermpaper.org

 

"Is this question part of your assignment? We Can Help!"

Essay Writing Service