theknowitalleffect

http://www.ssa.gov/planners/calculators.htm Use simple quick calculator and inflated dollar option. Pretty funny huh?

http://money.cnn.com/2007/10/05/pf/retirement/cash_from_401k.moneymag/index.htm Well a little cliche, buttttt ... So for those that have scoffed at all be it most 401 k wild projections. Seeing something like this really is a nice change of pace. The problem with most investments is, they are mostly projections. If they pan out great. However the Roth IRA is not a bad deal. $15500.00 seems like a lot of money for most people. Think about it if you started a Roth IRA @ say age 20 and saved just $100.00 a month. Well guess what in say just under 13 years you would have met that amount. Even though $15500.00 is the maximum contribution amount a year for a R oth IRA. In this article it is also used as a wow factor. for a 20 year investment : "Put your money in a Roth 401(k) and you'll end up with $72,245 tax-free in 20 years" However, the numbers don't lie. If you did in fact place $15500.00 in an account and let it sit earning interest amortized @ an 8 % interest rat...