| Information Entered | |||||||||||
| 1. Tax Status | |||||||||||
| 2. Job Status | |||||||||||
| 3. 1997 Income | |||||||||||
| 4. IRA Terms | |||||||||||
| Results | |||||||||||
| Answer | |||||||||||
| Assumptions & Simplifications | |||||||||||
| The IRA value at end of period assumes you will not withdraw any of your IRA funds before age 59 1/2. If you withdraw before then, you will be subject to a 10 percent penalty, plus any monies withdrawn will be subject to taxes as regular income. | |||||||||||