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401k Retirement Planner
Calculator
Here are the basic limitations:
-
You cannot contribute more than 15% of your Gross Income or $11,000.00 (Pesky Government Limitation).
- Your Employer cannot contribute more than YOU DO!
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All computations (Plan Interest, Cost of Inflation, Salary Increases, etc..) are done on a yearly basis.
- The application will only perform computations up to the age of 90.
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SOCIAL SECURITY INCOME IS NOT INCLUDED. Since the Social Security Fund is currently broke or near broke, we can't count on it
being around when you retire. Look at it this way, if Social Security is around, it'll be gravy money!
Please enter the following data:
Here are some helpful hints:
- Retirement Income should be at least 50% of your current Gross Income. Ideally it should be 75% to 80% of your current Gross Income.
- Aggressive investing up front allows for more conservative investing in your "Golden Years".
- Contribute as much as you can now! If you put it off till you make more money, you'll just spend more money! This will also lower your taxable
income so Uncle Sam won't take as much.
Send mail to
Derrick.winke@winke.com with
questions or comments about this web site.
Copyright © 2001 R & D Financial Services Inc.
Last modified:
01/07/02