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401(k)value calculator

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Icon Mini Profile jonunderwood007





Joined: 03 Sep 2009

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Post Posted: Fri Sep 04, 2009 8:15 pm    Post subject: 401(k)value calculator
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what is 401(k)value calculator
Icon Mini Profile nelsoncarolyn1946





Joined: 03 Sep 2009

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Post Posted: Fri Sep 04, 2009 9:06 pm    Post subject:
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401K is your retirement fund.
you can use it for mortgage payments or instead of depositing money into 401k fund you can increase monthly mortgage payment.

following are factors which need to be considered:

cash available with you
maximum tax-deductible 401(k) contribution
Tax Rate
Mortgage Interest Rate
Rate of return in 401K
Icon Mini Profile simonhovell





Joined: 03 Sep 2009

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Post Posted: Fri Sep 04, 2009 9:22 pm    Post subject:
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you have to work wisely. see where are you getting maximum benefits out of following 2 options:

1 invest optimally in 401 K
2 monthly mortgage payout amount

a balance between two is required. you can take help of online calculator for it
Icon Mini Profile catharin9





Joined: 14 Jul 2009

Posts: 168

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Post Posted: Sat Sep 19, 2009 5:01 am    Post subject:
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