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Legend Financial
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Princeton, NJ 08540
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05/18/07
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C A
P I T A L N E E D S A N A L Y S I S
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Mathew
Retires at age 62
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Mathew & Tammy
McCarthey
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CAPITAL
NEEDS
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Funds
Needed in Next 54 years
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Mortgage
Payments
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431,839
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Household
Costs
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4,391,533
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Medical
Expenses
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472,095
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Food
Clothing Transportation
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3,820,358
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Personal
Loan Payments
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27,918
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Other
Living Expenses
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840,225
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Children's
Education
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260,000
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Nonliquid
Assets Purchased
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1,234,809
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Retirement
Plan Contributions
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897,726
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Income
Taxes Paid
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5,252,104
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Other
Needs
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167,542
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Total
Funds Needed
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17,796,150
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Funds
Available in Next 54 years
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Personal
Service Income
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6,053,903
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Liquid
Capital Int & Divs
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406,945
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Other
Investment Income
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5,245,500
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Social
Security Benefits
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1,906,654
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Total
Funds Available
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13,613,001
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Capital
Needs Exceeding Available Funds
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4,183,148
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INVESTMENT
NEEDS
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Desired
Capital Reserve
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0
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Capital
Reserve Available
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Investment
Beg Balance
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153,550
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Investment
Growth
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4,991,515
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Client's
IRA Beg Balance
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26,540
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Client's
IRA Growth
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6,230,957
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Spouse's
IRA Beg Balance
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22,987
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Spouse's IRA
Growth
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3,873,658
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Total
Investment Capital Available
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15,299,207
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Excess
Investment Capital Available
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15,299,207
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EXCESS
FUNDS AVAILABLE
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11,116,059
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=========
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You have adequate sources of capital to meet your needs.
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You may
include a footnote to be automatically included at the bottom of all of your
reports,.
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