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URL:  http://boards.fool.com/in-this-case-john-would-have-79500-of-taxable-14027084.aspx

Subject:  Re: 401(k), employer match and IRA debate Date:  1/4/2001  9:28 AM
Author:  tsouth Number:  26964 of 76421

In this case, John would have $79,500 of taxable income (assuming only job income & the annuity, no other sources of income).

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Sorry, that should be $79,500 of Adjusted Gross Income (assuming only job income & the annuity, no other sources of income), not taxable income.

Teresa
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