EDUCATION
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HOW A 401(k) PLAN REDUCES TAXES
To illustrate how a 401(k) plan can work for you, look at the results with and without a plan:
(Assume an individual - age 35 in a 25% tax bracket and $1,200.00 savings contribution per year).
printable version
Without a
|
With a
|
||||
|
|
|
|
|
|
|
|
Income Tax |
$ |
300.00 |
$ |
0.00 |
|
|
Net Amount for Retirement Savings |
|
900.00 |
|
1,200.00 |
|
|
Assumed Investments Return |
|
8.00% |
|
8.00% |
|
|
Net Rate of Return |
$ |
6.00% |
$ |
8.00% |
|
|
Net Earnings per Year |
$ |
54.00 |
$ |
96.00 |
|
|
Accumulated Value at Age 65 |
|
71,152.00 |
|
135,939.00 |
|
Example assumes an 8% hypothetical growth rate compounded annually. Rates of return are hypothetical, are provided for illustrative purposes only, and do not reflect the performance of an actural investment. There can be no guarantee of return.
Securities offered through Securities America, Inc., member FINRA / SIPC. Advisory Services offered through Rice Investment Advisory Services, Inc. Bruce A. Rice, Representative and Anderson Financial, Inc. Erik J. Anderson, Representative. Rice Investment Advisory Services, Inc., Anderson Financial, Inc., Employee Incentive Plans, Inc., and Securities America, Inc. are separate entities and are not affiliated with any other entity named on this site.
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