401K CalculatorOne of the best tools for your retirement is a 401K calculator. The 401K benefits are significant. Your earnings and contributions are not taxed until 401K withdrawals occur. Also, as your employer may provide additional contributions, the 401K is an excellent opportunity to take advantage of. Use the 401K calculator to calculate how much you can save over the years. (Clicking this link will open up a separate window.) To use the calculator you are asked to input: * Percent to contribute * Annual salary * Current age * Current 401K balance * Age of retirement * Annual rate of return * Expected annual salary increase * Employer contribution match * Employer maximum match You will then be able to see your potential investment with and without your employer match. Take your do time and do a good 401K planning. Review Other Options As part of your financial planning for retirement make sure you look at other investment potentials as well. Get a great annuity quote - let us help guide you through the options to make the best choices for you! Or, get a free consultation from a Certified Financial Planner to go over your plans to help you make the best decision for your needs.
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