Information Entered | |||||||||||
1. Tax Status | |||||||||||
2. Job Status | |||||||||||
3. 1997 Income | |||||||||||
4. IRA Terms | |||||||||||
Results | |||||||||||
Answer | |||||||||||
Assumptions & Simplifications | |||||||||||
The IRA value at end of period assumes you will not withdraw any of your IRA funds before age 59 1/2. If you withdraw before then, you will be subject to a 10 percent penalty, plus any monies withdrawn will be subject to taxes as regular income. | |||||||||||