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Subject:  Re: Starting late Date:  7/31/2005  9:43 AM
Author:  TwoCybers Number:  47089 of 78166

I stuck some numbers to your question and it is a break even unless your tax rates change. (i.e. Congress changes your tax rates or you move to a state with different income tax rates). But I am 100% convinced tax rates will go up.

Key to all this calculations are these items:

#1 Your current average tax rate (I choose 12.3% -- see for a calculator. I figured your taxable income at $27K)
#2 How long until you retire -- I figured 20 years.
#3 How much return you will gain in say an index