Solutions to Chapter 4 Problems
Her after-tax funds available will be only $23,560 ($38,000 - $14,440 tax). With the auto dealer offering a very low interest rate, she would be better off rolling over the funds in her retirement plan into an IRA, saving the $14,440 in taxes, and paying for the car from her current income. 65. 401(k) vs. Municipal Bond Investment ................
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