Saving people money
with cost effective products and
by taking advantage of current tax laws.
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Direct Questions to:
tnhokie@bellsouth.net
or contact:
Roger Neal at
865.584.0716
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Life Expectancy
Current
Age
|
New Predictions |
1980 Prediction |
Male |
Female |
Male |
Female |
|
|
0 |
76 |
80 |
70 |
75 |
30 |
77 |
81 |
72 |
77 |
50 |
78 |
82 |
74 |
79 |
60 |
80 |
83 |
77 |
80 |
65 |
81 |
85 |
78 |
81 |
No one plans to FAIL, they fail to PLAN! |
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The Facts on SPENDING
Most people.......spend first and save whatever is left.
Successful people.......save first and spend what is left.
Spend more now.....less later!
Spend less now......more later!
THE FUTURE IS NOW!
TRADITIONAL & ROTH IRA MAXIMUM CONTRIBUTIONS
The Economic Growth & Tax Relief Reconciliation Act of 2001 increased the maximum amount one can contribute annually to tax favored retirement accounts.
Beginning in tax year 2002, if one is age 50 or older, “catch-up” contributions can be made to one's retirement account.
|
YEARS |
2002-04 |
2005 |
2006-07 |
2008 |
|
|
|
Maximum contribution |
$3,000 |
$4,000 |
$4,000 |
$5,000 |
“CATCH-UP RULE”
(Ages 50 and over)
Maximum contribution |
$3,500 |
$4,500 |
$5,000 |
$6,000 |
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 Chart 1 - Growth Multiplier
Chart 2 - Accumulation Multiplier
Chart 3 - How long will your money last?
 2008 Federal Tax Rate Schedules
Traditional, Roth, SEP, Simple and/or Educational IRA's |
|
401K and/or 403B Rollovers and Transfers |
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Annuities |
Earning a high return requires taking more risk, but taking more risk doesn't necessarily lead to a higher return.
direct investment planning questions to: inquiries@xtreamlink.com
Roger L. Neal @ 865.584.0471
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