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Unformatted text preview: saves $500. The funds are taxed when they are distributer from the traditional IRA. Thus, a $2,000 withdrawl would increase taxes by $500. d) Withdraw $2,000 from a Keogh account A $2,000 contribution to a Keough account reduces income by $2,000 and currently saves $500. The funds are taxed when they are distributed. Thus, a $2000 withdrawl increases taxes by $500....
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This note was uploaded on 04/01/2012 for the course FINC 354 taught by Professor Gibbons-cobb during the Spring '12 term at Columbia College.
- Spring '12