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Sean, age 37, wants to maximize his 2021 Roth IRA contribution and purchase as much Beyond Meat stock as possible. If BYND stock is trading at $10/share, and Sean is able to contribute the maximum in 2021 to his Roth, how many shares he can purchase

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37 shares that he can purchase
Tundexi

Since the BYND stock is trading at $10/share and he is able to contribute the maximum in 2021 to his Roth, then, the number of shares that he can purchase is 600 shares.

In 2020, the maximum contribution for age below 50 is $6,000.

Here, the price per share is $10.

Now, when he contributes $6,000 to Roth IRA, then, he can purchase 600 shares ($6,000 / $10 per shares) to maximize his earnings

In conclusion, the number of shares that he can purchase is 600 shares.

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