Ira Early Withdrawal Penalty Calculator by rpb95049

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									                                                                                                                            iraroth4




                                                                                                                 IRA Withdrawal Calculator & Roth Analyzer
                                      IRA Balance & Net Worth                                                    Release 1.3 Date: May 21, 1998
                                        30 Year Look-Ahead                                                       Retiree Age on 12/31 last year                41 Years
                                                                                                                 Current Year                               1998 Date (Year)
              $4,000,000                                                                                         Press CTRL - L to load correct IRS Life Expectancy table.
              $3,500,000                                                                                         IRA (Pre 59-1/2) Early Withdrawal              1 0=None, 1=Life Exp, 2=Amort.
              $3,000,000                                                                                         Continue W'drwl Age 60 to 70-1/2               1 1=Yes, 0=No
              $2,500,000                                                                                         Amort. Method Interest Rate                6.75% 80% to 120% of Federal Rate
Dollars




              $2,000,000                                                                                         Pre 59-1/2 IRA Penalty Tax?                  -
              $1,500,000                                                                                         Income & Expenses
              $1,000,000                                                                                         Wage & Salary Income (per Year)               $0 Before Tax (with Inflation Adjust.)
                $500,000                                                                                         Age Wage & Salary Income Ends                 62 Years
                         $0                                                                                      Social Security Income (per Year)        $10,000 Before Tax (with Inflation Adjust.)
                               41 43 45 47 49 51 53 55 57 59 61 63 65 67 69                                      Age Social Security Begins                    62 Years
                                                                                                                 Pension Income (per Year)                 $7,000 Before Tax (no Inflation Adjust.)
              Reg. IRA Balance                  Roth IRA Balance
                                                                               Age                               Age Pension Income Begins                     62 Years
              Taxable Balance                   Net Worth
                                                                                                                 Maximum "Safe" Withdrawal                  3.75% Should be less than 4.00%
                                                                                                                 Living Expenses (per Year)               $30,000 After Tax (adj. for inflation)
                                 Marginal Tax Rate vs. Age                                                       Calculate Annual Expenses as                   2 1="Safe" rate, 2="After tax"
                                                                                                                 Inflation Rate                              3.0% Percent
              40%                                                                                                Rebalance Taxable Account ?                    1 1= Yes. 2= No.
              35%                                                                                                Roth IRA
              30%
Tax Rate




              25%                                                                                                Calculate Roth Rollover as                     4 1= fill 15% Bracket, 2= fill 28%
              20%                                                                                                                                                 3= fill 31% 4= Enter % below
              15%
              10%                                                                                                % Regular IRA Transferred                  12.0% Percent
               5%                                                                                                Amount of Roth Rollover           $       65,550
               0%
                                                                                                                 Use 4-year tax averaging for Roth              1 1= Yes. 2= No.
                    41   46     51    56        61        66        71    76    81    86    91   96 101 106
                                                                                                                 Net Worth (Today + 30 years)      $    3,752,735 (with Regular IRA balance taxed
                                                                                                                 Net Worth (Today + 50 years)      $ 17,865,231 at next highest tax bracket)
                                                                         Age                                     Negative Net Worth at Age                    N/A Years
                                                                                                                 Federal Tax Information
                                                                                                                 Filing Status                                  1 Single=1, Married=2
                                           Annual Withdrawal                                                     Personal Exemptions                            1 Number claimed
                                                                                                                 Itemized Deductions                           $0 Overrides Std. Deduct. if higher
              $160,000                                                                                           Adjustments to Income                         $0 Value indexed for inflation
              $140,000                                                                                           Capital Gains - Low Bracket                  10% Use value of 8% to 10%
              $120,000                                                                                           Capital Gains - High Bracket                 20% Use value of 18% to 20%
              $100,000
    Dollars




               $80,000                                                                                           Expected                                   Capital          Interest          Total
               $60,000                                                                                           Investment Returns                         Apprec.            & Div.        Return
               $40,000
               $20,000
                                                                                                                                            Cash             0.00%            5.50%           5.50%
                    $0                                                                                                                     Bonds             0.00%            6.50%           6.50%
                                                                                                                                           REIT's            3.00%            7.00%          10.00%
                                                                                                                                           Stocks            8.00%            2.00%          10.00%
                                                                              Age
                                                                                                                 Beginning Account Balances
                                     Max. Safe Withdrawal                            Annual Withdrawal
                                                                                                                 (as of 12/31 Previous Yr.)                    IRA         Taxable             Total
                                                                                                                                             Cash         $25,000          $25,000          $50,000
                                                                                                                                            Bonds         $75,000          $50,000         $125,000
                         IRA Withdrawal vs. Living Expense                                                                                 REIT's         $50,000          $25,000          $75,000
                                                                                                                                           Stocks        $350,000         $100,000         $450,000
                                                                                                                                            Totals       $500,000         $200,000         $700,000
              $500,000
              $450,000                                                                                                   Total IRA Non-Deductible Contributions            $12,000
              $400,000
              $350,000                                                                                           Capital Gains Tax
                                                                                                                 Cost Basis                                     IRA        Taxable             Total
Dollars




              $300,000
              $250,000                                                                                                                      Cash                N/A        $25,000              N/A
              $200,000                                                                                                                     Bonds                N/A        $50,000              N/A
              $150,000                                                                                                                     REIT's               N/A        $20,000              N/A
              $100,000
                                                                                                                                           Stocks               N/A        $90,000              N/A
               $50,000
                    $0                                                                                                                     Totals                $0       $185,000               $0
                          41     47        53        59        65        71    77    83    89    95    101 107   Asset Allocations - 10-Year Increments
                                                                                                                                   Ordinary IRA         Year 1-10        Year 11-20       Year 21-30
              IRA Withdrawal                          Roth IRA Withdrawal
                                                                              Age                                                          Cash               5%                5%               5%
              Living Expenses                         Federal Income Tax
                                                                                                                                          Bonds              15%               15%              15%
                                                                                                                                          REIT's             10%               10%              10%
                                     IRA Balance & Net Worth                                                                              Stocks             70%               70%              70%
                                       70 Year Look-Ahead                                                                                 Totals           100%               100%             100%

              $80,000,000
                                                                                                                                        Roth IRA         Year 1-10       Year 11-20       Year 21-30
              $70,000,000
                                                                                                                                            Cash               5%               5%               5%
              $60,000,000                                                                                                                 Bonds               15%              15%              15%
              $50,000,000                                                                                                                 REIT's              10%              10%              10%
Dollars




              $40,000,000                                                                                                                 Stocks              70%              70%              70%
              $30,000,000                                                                                                                  Totals           100%              100%             100%
              $20,000,000
              $10,000,000                                                                                                       Taxable Account          Year 1-10       Year 11-20       Year 21-30
                         $0                                                                                                                Cash                5%               5%               5%
                               41     47        53        59    65        71    77    83    89    95   101 107                            Bonds               15%              15%              15%
                                                                                                                                          REIT's              10%              10%              10%
              Reg. IRA Balance                   Roth IRA Balance
                                                                               Age                                                        Stocks              70%              70%              70%
              Taxable Balance                    Net Worth                                                                                Totals            100%              100%             100%
                                                                                                                               Results Summary               1997              1998             1999




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