|
|
|
Legend
Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew
& Tammy McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2009
|
2010
|
2011
|
2012
|
2013
|
|
Age:
|
39/38
|
40/39
|
41/40
|
42/41
|
43/42
|
|
BEGINNING
OF YEAR
|
|
|
|
|
|
|
Idle
Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
SOURCES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash
Income
|
|
|
|
|
|
|
Matt's
Salary
|
105,678
|
108,848
|
112,114
|
115,477
|
118,942
|
|
Tammy's
Consulting
|
61,800
|
63,654
|
65,564
|
67,531
|
69,556
|
|
Interest+Dividends
|
857
|
860
|
864
|
867
|
871
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
|
168,740
|
173,768
|
178,946
|
184,280
|
189,774
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
27,810
|
28,644
|
29,504
|
30,389
|
31,300
|
|
|
27,810
|
28,644
|
29,504
|
30,389
|
31,300
|
|
|
|
|
|
|
|
|
Total Cash Inflow
|
196,550
|
202,412
|
208,450
|
214,669
|
221,074
|
|
|
|
|
|
|
|
|
Tot Cash Available
|
197,550
|
203,412
|
209,449
|
215,668
|
222,074
|
|
|
|
|
|
|
|
|
USES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fully
Tax Deductible
|
|
|
|
|
|
|
Matt's
401k
|
15,852
|
16,327
|
16,817
|
17,322
|
17,841
|
|
Tammy's
SEP
|
9,270
|
9,548
|
9,835
|
10,130
|
10,433
|
|
Home
Mortgage
|
12,609
|
12,320
|
12,013
|
11,689
|
11,346
|
|
|
37,731
|
38,195
|
38,665
|
39,141
|
39,620
|
|
Partly
Deductible
|
|
|
|
|
|
|
Medicine
& Drugs
|
3,708
|
3,819
|
3,934
|
4,052
|
4,173
|
|
Charity
|
1,236
|
1,273
|
1,311
|
1,351
|
1,391
|
|
Tax
& Financial Fee
|
258
|
265
|
273
|
281
|
290
|
|
|
5,202
|
5,358
|
5,518
|
5,684
|
5,854
|
|
Not
Tax Deductible
|
|
|
|
|
|
|
Car
Loan
|
688
|
223
|
0
|
0
|
0
|
|
Food
|
9,270
|
9,548
|
9,835
|
10,130
|
10,433
|
|
Clothing
|
4,944
|
5,092
|
5,245
|
5,402
|
5,565
|
|
Entertainment
|
6,180
|
6,365
|
6,556
|
6,753
|
6,956
|
|
Vacations
|
6,180
|
6,365
|
6,556
|
6,753
|
6,956
|
|
Gas
|
3,708
|
3,819
|
3,934
|
4,052
|
4,173
|
|
Matt's
Term
|
600
|
600
|
600
|
600
|
600
|
|
Tammmy's
VUL
|
900
|
900
|
900
|
900
|
900
|
|
Repair/Maintenance
|
2,472
|
2,546
|
2,623
|
2,701
|
2,782
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend
Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T (cont.)
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew
& Tammy McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2009
|
2010
|
2011
|
2012
|
2013
|
|
Age:
|
39/38
|
40/39
|
41/40
|
42/41
|
43/42
|
|
Household
Exp.
|
4,944
|
5,092
|
5,245
|
5,402
|
5,565
|
|
Utilities
|
7,416
|
7,638
|
7,868
|
8,104
|
8,347
|
|
Tammy's
Roth IRA
|
5,000
|
2,740
|
360
|
0
|
0
|
|
|
52,302
|
50,930
|
49,721
|
50,797
|
52,276
|
|
Taxes
Paid
|
|
|
|
|
|
|
Fed
Tax Paid
|
31,026
|
32,685
|
34,501
|
36,278
|
38,360
|
|
State
Tax Paid
|
5,121
|
5,427
|
5,779
|
6,156
|
6,545
|
|
FICA/Soc
Sec Tax
|
8,084
|
8,327
|
8,577
|
8,834
|
9,099
|
|
Real
Estate Tax
|
14,238
|
14,807
|
15,399
|
16,015
|
16,656
|
|
|
58,468
|
61,247
|
64,257
|
67,284
|
70,660
|
|
Purchase/Deposits
|
|
|
|
|
|
|
Excess
Cash Fund
|
2,085
|
5,567
|
19,978
|
20,924
|
21,269
|
|
529
Plans
|
5,000
|
5,000
|
0
|
0
|
0
|
|
|
7,085
|
10,567
|
19,978
|
20,924
|
21,269
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
24,425
|
24,618
|
24,817
|
25,021
|
25,232
|
|
|
24,425
|
24,618
|
24,817
|
25,021
|
25,232
|
|
Liability
Liquidation
|
|
|
|
|
|
|
Home
Mortgage
|
4,898
|
5,187
|
5,494
|
5,818
|
6,161
|
|
Car
Loan
|
6,440
|
6,311
|
0
|
0
|
0
|
|
|
11,338
|
11,498
|
5,494
|
5,818
|
6,161
|
|
|
|
|
|
|
|
|
Tot Cash Outflow
|
196,550
|
202,412
|
208,450
|
214,669
|
221,074
|
|
|
|
|
|
|
|
|
END
OF YEAR
|
|
|
|
|
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend
Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew
& Tammy McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2014
|
2015
|
2016
|
2017
|
2018
|
|
Age:
|
44/43
|
45/44
|
46/45
|
47/46
|
48/47
|
|
BEGINNING
OF YEAR
|
|
|
|
|
|
|
Idle
Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
SOURCES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash
Income
|
|
|
|
|
|
|
Matt's
Salary
|
122,510
|
126,185
|
129,971
|
133,870
|
137,886
|
|
Tammy's
Consulting
|
71,643
|
73,792
|
76,006
|
78,286
|
80,635
|
|
Interest+Dividends
|
874
|
878
|
882
|
887
|
891
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
|
195,432
|
201,261
|
207,264
|
213,448
|
219,817
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
32,239
|
33,207
|
34,203
|
35,229
|
36,286
|
|
|
32,239
|
33,207
|
34,203
|
35,229
|
36,286
|
|
|
|
|
|
|
|
|
Total Cash Inflow
|
227,672
|
234,467
|
241,467
|
248,677
|
256,103
|
|
|
|
|
|
|
|
|
Tot Cash Available
|
228,672
|
235,468
|
242,467
|
249,676
|
257,102
|
|
|
|
|
|
|
|
|
USES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fully
Tax Deductible
|
|
|
|
|
|
|
Matt's
401k
|
18,376
|
18,928
|
19,496
|
20,080
|
20,683
|
|
Tammy's
SEP
|
10,746
|
11,069
|
11,401
|
11,743
|
12,095
|
|
Home
Mortgage
|
10,982
|
10,597
|
10,189
|
9,757
|
9,299
|
|
|
40,104
|
40,594
|
41,086
|
41,580
|
42,077
|
|
Partly
Deductible
|
|
|
|
|
|
|
Medicine
& Drugs
|
4,299
|
4,428
|
4,560
|
4,697
|
4,838
|
|
Charity
|
1,433
|
1,476
|
1,520
|
1,566
|
1,613
|
|
Tax
& Financial Fee
|
299
|
307
|
317
|
326
|
336
|
|
|
6,030
|
6,211
|
6,397
|
6,589
|
6,787
|
|
Not
Tax Deductible
|
|
|
|
|
|
|
Food
|
10,746
|
11,069
|
11,401
|
11,743
|
12,095
|
|
Clothing
|
5,731
|
5,903
|
6,080
|
6,263
|
6,451
|
|
Entertainment
|
7,164
|
7,379
|
7,601
|
7,829
|
8,063
|
|
Vacations
|
7,164
|
7,379
|
7,601
|
7,829
|
8,063
|
|
Gas
|
4,299
|
4,428
|
4,560
|
4,697
|
4,838
|
|
Future
Car Leases
|
7,200
|
7,416
|
7,638
|
7,868
|
8,104
|
|
Matt's
Term
|
600
|
600
|
0
|
0
|
0
|
|
Tammmy's
VUL
|
900
|
900
|
900
|
900
|
900
|
|
Repair/Maintenance
|
2,866
|
2,952
|
3,040
|
3,131
|
3,225
|
|
Legend
Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T (cont.)
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew
& Tammy McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2014
|
2015
|
2016
|
2017
|
2018
|
|
Age:
|
44/43
|
45/44
|
46/45
|
47/46
|
48/47
|
|
Household
Exp.
|
5,731
|
5,903
|
6,080
|
6,263
|
6,451
|
|
Utilities
|
8,597
|
8,855
|
9,121
|
9,394
|
9,676
|
|
|
60,999
|
62,784
|
64,023
|
65,917
|
67,867
|
|
Taxes
Paid
|
|
|
|
|
|
|
Fed
Tax Paid
|
40,658
|
43,034
|
45,489
|
48,028
|
50,651
|
|
State
Tax Paid
|
6,947
|
7,361
|
7,789
|
8,231
|
8,687
|
|
FICA/Soc
Sec Tax
|
9,372
|
9,653
|
9,943
|
10,241
|
10,548
|
|
Real
Estate Tax
|
17,322
|
18,015
|
18,736
|
19,485
|
20,265
|
|
|
74,299
|
78,063
|
81,957
|
85,985
|
90,151
|
|
Purchase/Deposits
|
|
|
|
|
|
|
Excess
Cash Fund
|
14,264
|
14,231
|
14,782
|
14,714
|
14,625
|
|
|
14,264
|
14,231
|
14,782
|
14,714
|
14,625
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
25,450
|
25,674
|
25,904
|
26,142
|
26,386
|
|
|
25,450
|
25,674
|
25,904
|
26,142
|
26,386
|
|
Liability
Liquidation
|
|
|
|
|
|
|
Home
Mortgage
|
6,525
|
6,910
|
7,318
|
7,750
|
8,208
|
|
|
6,525
|
6,910
|
7,318
|
7,750
|
8,208
|
|
|
|
|
|
|
|
|
Tot Cash Outflow
|
227,672
|
234,467
|
241,467
|
248,677
|
256,102
|
|
|
|
|
|
|
|
|
END
OF YEAR
|
|
|
|
|
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend
Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew
& Tammy McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2019
|
2020
|
2021
|
2022
|
2023
|
|
Age:
|
49/48
|
50/49
|
51/50
|
52/51
|
53/52
|
|
BEGINNING
OF YEAR
|
|
|
|
|
|
|
Idle
Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
SOURCES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash
Income
|
|
|
|
|
|
|
Matt's
Salary
|
142,022
|
146,283
|
150,672
|
155,192
|
159,847
|
|
Tammy's
Consulting
|
83,054
|
85,546
|
88,112
|
90,755
|
93,478
|
|
Interest+Dividends
|
896
|
900
|
905
|
910
|
916
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
|
226,377
|
233,134
|
240,094
|
247,262
|
254,646
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
37,374
|
38,496
|
39,650
|
40,840
|
42,065
|
|
|
37,374
|
38,496
|
39,650
|
40,840
|
42,065
|
|
|
|
|
|
|
|
|
Total Cash Inflow
|
263,751
|
271,630
|
279,744
|
288,102
|
296,711
|
|
|
|
|
|
|
|
|
Tot Cash Available
|
264,752
|
272,629
|
280,744
|
289,103
|
297,712
|
|
|
|
|
|
|
|
|
USES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fully
Tax Deductible
|
|
|
|
|
|
|
Matt's
401k
|
21,303
|
21,942
|
22,601
|
23,279
|
23,977
|
|
Tammy's
SEP
|
12,458
|
12,832
|
13,217
|
13,613
|
14,022
|
|
Home
Mortgage
|
8,815
|
8,301
|
7,758
|
7,182
|
6,573
|
|
|
42,576
|
43,075
|
43,576
|
44,074
|
44,572
|
|
Partly
Deductible
|
|
|
|
|
|
|
Medicine
& Drugs
|
4,983
|
5,133
|
5,287
|
5,445
|
5,609
|
|
Charity
|
1,661
|
1,711
|
1,762
|
1,815
|
1,870
|
|
Tax
& Financial Fee
|
346
|
356
|
367
|
378
|
389
|
|
|
6,990
|
7,200
|
7,416
|
7,639
|
7,868
|
|
Not
Tax Deductible
|
|
|
|
|
|
|
Food
|
12,458
|
12,832
|
13,217
|
13,613
|
14,022
|
|
Clothing
|
6,644
|
6,844
|
7,049
|
7,260
|
7,478
|
|
Entertainment
|
8,305
|
8,555
|
8,811
|
9,076
|
9,348
|
|
Vacations
|
8,305
|
8,555
|
8,811
|
9,076
|
9,348
|
|
Gas
|
4,983
|
5,133
|
5,287
|
5,445
|
5,609
|
|
Future
Car Leases
|
8,347
|
8,597
|
8,855
|
9,121
|
9,394
|
|
Tammmy's
VUL
|
900
|
900
|
900
|
900
|
900
|
|
Repair/Maintenance
|
3,322
|
3,422
|
3,524
|
3,630
|
3,739
|
|
Household
Exp.
|
6,644
|
6,844
|
7,049
|
7,260
|
7,478
|
|
Legend
Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T (cont.)
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew
& Tammy McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2019
|
2020
|
2021
|
2022
|
2023
|
|
Age:
|
49/48
|
50/49
|
51/50
|
52/51
|
53/52
|
|
Utilities
|
9,966
|
10,265
|
10,573
|
10,891
|
11,217
|
|
|
69,876
|
71,946
|
74,077
|
76,272
|
78,533
|
|
Taxes
Paid
|
|
|
|
|
|
|
Fed
Tax Paid
|
53,365
|
56,171
|
59,160
|
62,363
|
65,677
|
|
State
Tax Paid
|
9,159
|
9,645
|
10,148
|
10,667
|
11,204
|
|
FICA/Soc
Sec Tax
|
10,865
|
11,191
|
11,526
|
11,872
|
12,228
|
|
Real
Estate Tax
|
21,075
|
21,918
|
22,795
|
23,707
|
24,655
|
|
|
94,464
|
98,926
|
103,629
|
108,609
|
113,764
|
|
Purchase/Deposits
|
|
|
|
|
|
|
Excess
Cash Fund
|
14,515
|
14,379
|
14,132
|
13,743
|
13,317
|
|
|
14,515
|
14,379
|
14,132
|
13,743
|
13,317
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
26,638
|
26,898
|
27,165
|
27,441
|
27,724
|
|
|
26,638
|
26,898
|
27,165
|
27,441
|
27,724
|
|
Liability
Liquidation
|
|
|
|
|
|
|
Home
Mortgage
|
8,692
|
9,206
|
9,749
|
10,325
|
10,934
|
|
|
8,692
|
9,206
|
9,749
|
10,325
|
10,934
|
|
|
|
|
|
|
|
|
Tot Cash Outflow
|
263,752
|
271,629
|
279,744
|
288,103
|
296,712
|
|
|
|
|
|
|
|
|
END
OF YEAR
|
|
|
|
|
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend
Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew
& Tammy McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2024
|
2025
|
2026
|
2027
|
2028
|
|
Age:
|
54/53
|
55/54
|
56/55
|
57/56
|
58/57
|
|
BEGINNING
OF YEAR
|
|
|
|
|
|
|
Idle
Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
964
|
|
|
|
|
|
|
|
|
SOURCES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash
Income
|
|
|
|
|
|
|
Matt's
Salary
|
164,643
|
169,582
|
174,670
|
179,910
|
185,307
|
|
Tammy's
Consulting
|
96,282
|
99,171
|
102,146
|
105,210
|
108,367
|
|
Interest+Dividends
|
921
|
927
|
933
|
939
|
946
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
|
262,251
|
270,085
|
278,154
|
286,464
|
295,024
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
43,327
|
44,627
|
45,966
|
47,345
|
48,765
|
|
|
43,327
|
44,627
|
45,966
|
47,345
|
48,765
|
|
Sale/Withdrawals
|
|
|
|
|
|
|
Excess
Cash Fund
|
0
|
0
|
0
|
12,425
|
0
|
|
529
Plans
|
40,000
|
40,000
|
40,000
|
18,426
|
0
|
|
|
40,000
|
40,000
|
40,000
|
30,851
|
0
|
|
|
|
|
|
|
|
|
Total Cash Inflow
|
345,579
|
354,712
|
364,119
|
364,660
|
343,789
|
|
|
|
|
|
|
|
|
Tot Cash Available
|
346,578
|
355,712
|
365,120
|
365,660
|
344,753
|
|
|
|
|
|
|
|
|
USES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fully
Tax Deductible
|
|
|
|
|
|
|
Matt's
401k
|
24,696
|
25,437
|
26,200
|
26,986
|
27,796
|
|
Tammy's
SEP
|
14,442
|
14,876
|
15,322
|
15,782
|
16,255
|
|
Home
Mortgage
|
5,927
|
5,244
|
4,520
|
3,752
|
2,941
|
|
|
45,065
|
45,557
|
46,042
|
46,520
|
46,992
|
|
Partly
Deductible
|
|
|
|
|
|
|
Medicine
& Drugs
|
5,777
|
5,950
|
6,129
|
6,313
|
6,502
|
|
Charity
|
1,926
|
1,983
|
2,043
|
2,104
|
2,167
|
|
Tax
& Financial Fee
|
401
|
413
|
426
|
438
|
452
|
|
|
8,104
|
8,347
|
8,597
|
8,855
|
9,121
|
|
Not
Tax Deductible
|
|
|
|
|
|
|
Jacob's
College Exp
|
40,000
|
40,000
|
40,000
|
40,000
|
0
|
|
Food
|
14,442
|
14,876
|
15,322
|
15,782
|
16,255
|
|
Clothing
|
7,703
|
7,934
|
8,172
|
8,417
|
8,669
|
|
Entertainment
|
9,628
|
9,917
|
10,215
|
10,521
|
10,837
|
|
Vacations
|
9,628
|
9,917
|
10,215
|
10,521
|
10,837
|
|
Legend
Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T (cont.)
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
| |