First Name: Potential
Last Name: One
Endearment Name: One
Age:
Retirement Age:
State of Residence:
Filing Status:
Income:
Federal Tax Bracket:
State Tax Bracket:
Medicare Tax: 1.45%
Social Security Tax: 6.2%
In the illustration below, the objective is to provide One visualization to the amount of One's in-come that One is currently undervaluing an underutilizing. What One does with One's assessment of the information is for One to decide. It is said:
"One of the most expensive possessions that One can own is a closed mind". If One has any question(s), we are available to assist. One has used one of One's other valuable possessions, One's time to review this information. It is
tremendously appreciated that One used One's time' in reviewing this information and that it was One's "time" well spent.
From the information that One enterd, One currently resides in . One earns an annual in-come of annually. One is in the federal tax bracket. One is in
the state tax bracket. One may be considering leveraging One's, federal() : state(), taxes that total
during One's pre-retirement years. One is currently having
of One's income being confiscated by "federal authorities". One is having approximately of One's income being confiscated by
"state authorities" during One's pre-retirement years'. One will have of One's income earned confiscated by Medicare and confiscated by
Social Security. One will have in total (Medicare, Social Security, Federal, State) of One's income earned confiscated via taxes and an additional 7.12%(1) on average being levied at the register when One make purchases.
Below in the grid One can see get a glimpse into the potential One can avail onself to when leveraging One's income and turn the tide of One's current and future financial projections. The "Guaranteed" column shows values based on guaranteed
earnings on the in-come that One contributes to One's PEA. The "Non-Guaranteed" colum shows the values based on performance. This performance that this value has earned has been consistent for more than 150 years. The in-come that One earns is
available in the year that One earns it and will never decrease in value. The growth will be predictable allowing for One to better plan for One's current and future use of One's finances.
The graph shows potential Year-Over-Year (YOY) growth of One's in-come. The legend provides a break-down of of portion of One's in-come and the potential growth of One's in-come.
At retirement, One would potentially be making . In retirement One wiil potentially be able to withdraw annually TAX-FREE. It would be
necessary for One to earn to equal that amount in addition to the the associated costs of trading time for money.
Source: (1) https://www.aarp.org/money/taxes/info-2020/state-sales-tax-rates.html