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|Age and retirement plan information:
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|Investment return and taxes:
7% return, 25% current tax rate, 15% tax during retirement
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|After-Tax Total At Retirement
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It is important to note that some employees are subject to another form of contribution limits. Employees classified as "Highly Compensated" may be subject to contribution limits based on their employer's overall 401(k) participation. If you expect your salary to be $120,000 or more in 2015 or was $115,000 or more in 2014, you may need to contact your employer to see if these additional contribution limits apply to you.
It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that Separate Account investment funds and/or investment companies may charge.
|Filing Status and Income Tax Rates 2015*|
|Tax Rate||Married Filing Jointly or Qualified Widow(er)||Single||Head of Household||Married Filing Separately|
|10%||$0 - $18,450||$0 - $9,225||$0 - $13,150||$0 - $9,225|
|15%||$18,450 - $74,900||$9,225 - $37,450||$13,150 - $50,200||$9,225 - $37,450|
|25%||$74,900 - $151,200||$37,450 - $90,750||$50,200 - $129,600||$37,450 - $75,600|
|28%||$151,200 - $230,450||$90,750 - $189,300||$129,600 - $209,850||$75,600 - $115,225|
|33%||$230,450 - $411,500||$189,300 - $411,500||$209,850 - $411,500||$115,225 - $205,750|
|35%||$411,500 - $464,850||$411,500- $413,200||$411,500 - $439,000||$205,750 - $232,425|
|39.6%||over $464,850||over $413,200||over $439,000||over $232,425|
*Caution: Do not use these tax rate schedules to figure 2014 taxes. Use only to figure 2015 estimates. Source: 2014 Rev. Proc. 2014-61
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