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Investing/Strategies / Retirement Investing
|Subject: Re: insurance buyout||Date: 12/10/2000 2:35 AM|
|Author: TTRoberts||Number: 26520 of 81965|
JLC, you wrote:
<< I get slightly different numbers using Quicken's Savings Planner.
$410/month, 16 years(192 months), 6% gives $69490.
$410/month, 16 years, 10% gives $101,811.
$31,435 lump sum, 16 years, 6% gives $43,232.
$31,453 lump sum, 16 years, 10% gives $81,643.
Possibly the difference is your interest my be compounded monthly where as I did it annually. >>
Nope . . . that's not it. ;-) Those number are certainly NOT correct . . . . unless there's a tax factor that is being applied some how???? I strongly suspect that Quicken is somehow automatically figuring in a tax factor. That would easily account for such a large difference.
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