Your annual income with a Deductible IRA would be $7,343 while your annual income with a Roth IRA would be $7,276 if you have a current IRA balance of $20,000 and you contribute $2,000 annually for 10 years until you retire and withdraw for a total of 10 years after you retire. These values are based on an investment return rate of 5.00%, a pre-retirement income tax rate of 28.00%, and a post-retirement income tax rate of 25.00%.
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