|
|
Year |
Amount After Tax |
Amount with Tax Deferred Growth |
Additional Funds at Retirement |
|
5 |
6,664 |
6,977 |
313 |
|
10 |
14,881 |
16,338 |
1,457 |
|
15 |
25,016 |
29,082 |
4,066 |
|
20 |
37,513 |
46,204 |
8,691 |
|
25 |
52,926 |
69,299 |
16,373 |
|
30 |
71,934 |
100,542 |
28,608 |
The moral of the story is to start saving early ! Remember this is just $100 per month.
Can you imagine what $500 per month would do! Hint- It's a lot more than the $100.
Look for the answer in the next newsletter OR Click Here
Answer is $504,768 ! The non tax deferred account has $353,338.
© Copyright 2001 Smith, Conley & Associates
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