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401(k), 403(b), IRA
Advantages of Pre-Tax
Savings
Post-Tax Savings
*tax rates bases on filing married with two deductions
Total Savings = $1,300
Total Spendable Income = $304.40 x 52 = $15,828.80
Pre-Tax Savings
Total Savings = $1,300 + 50% = $1,950
Total Spendable Income = $308.40 x 52 = $16,036.80
Bottom Line: $650.00
more in savings; $208.00 more to spend
Retirement
Is this much enough?
God designs our future
by:
We have eternity with Him insured
Gives us meaningful work here
Deals with us on the basis of grace
failure or success both in Him
Colossians 3:1-4
BUDGET REVIEW
Turn in budgets next week
Read chapters 12, 14 & 15
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