|
|
|
Legend Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
F I N A N C I A L S U
M M A R Y
|
|
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
|
|
Gross Real Income
|
|
|
|
|
|
|
Personal Earnings
|
167,478
|
172,502
|
177,677
|
183,008
|
188,498
|
|
Interest Income
|
1,662
|
1,684
|
1,706
|
1,729
|
1,752
|
|
Dividends Rcvd
|
819
|
868
|
919
|
974
|
1,033
|
|
BeachHouse
|
27,810
|
28,644
|
29,504
|
30,389
|
31,300
|
|
Municipal Bonds
|
405
|
405
|
405
|
405
|
405
|
|
|
198,174
|
204,103
|
210,211
|
216,505
|
222,988
|
|
Income & Inflation
|
|
|
|
|
|
|
Gross Real Inc
|
198,174
|
204,103
|
210,211
|
216,505
|
222,988
|
|
Total Inc Tax
|
-44,231
|
-46,439
|
-48,857
|
-51,268
|
-54,004
|
|
Net Real Income
|
153,943
|
157,664
|
161,354
|
165,237
|
168,984
|
|
|
|
|
|
|
|
|
Cur Real Inc =
|
153,943
|
158,538
|
163,271
|
168,144
|
173,164
|
|
Purch Power Drop
|
0
|
875
|
1,917
|
2,908
|
4,180
|
|
At Infltn Rate Of
|
3
|
3
|
3
|
3
|
3
|
|
|
|
|
|
|
|
|
Cash Flow
|
|
|
|
|
|
|
Idle Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
Norml Cash Inflow
|
196,550
|
202,412
|
208,450
|
214,669
|
221,074
|
|
|
|
|
|
|
|
|
Norml Cash Outflw
|
194,465
|
196,845
|
188,472
|
193,745
|
199,805
|
|
Cash Invested
|
2,085
|
5,567
|
19,978
|
20,924
|
21,269
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
Net Worth
|
|
|
|
|
|
|
Personal Assets
|
715,523
|
735,403
|
755,896
|
777,020
|
798,796
|
|
Investment Assets
|
1,016,584
|
1,097,190
|
1,190,007
|
1,289,223
|
1,394,983
|
|
|
|
|
|
|
|
|
Personal Liabilities
|
-222,926
|
-211,428
|
-205,934
|
-200,116
|
-193,955
|
|
Investmt Liabilities
|
-209,665
|
-204,107
|
-198,206
|
-191,942
|
-185,291
|
|
|
|
|
|
|
|
|
Personal Net Worth
|
492,597
|
523,975
|
549,962
|
576,904
|
604,841
|
|
Investment Net Worth
|
806,919
|
893,083
|
991,801
|
1,097,281
|
1,209,692
|
|
Net Worth
|
1,299,517
|
1,417,058
|
1,541,764
|
1,674,185
|
1,814,533
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
F I N A N C I A L S U
M M A R Y
|
|
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
|
|
Gross Real Income
|
|
|
|
|
|
|
Personal Earnings
|
194,153
|
199,977
|
205,977
|
212,156
|
218,521
|
|
Interest Income
|
1,776
|
1,802
|
1,827
|
1,853
|
1,879
|
|
Dividends Rcvd
|
1,094
|
1,160
|
1,229
|
1,303
|
1,381
|
|
BeachHouse
|
32,239
|
33,207
|
34,203
|
35,229
|
36,286
|
|
Municipal Bonds
|
405
|
405
|
405
|
405
|
405
|
|
|
229,668
|
236,551
|
243,641
|
250,946
|
258,472
|
|
Income & Inflation
|
|
|
|
|
|
|
Gross Real Inc
|
229,668
|
236,551
|
243,641
|
250,946
|
258,472
|
|
Total Inc Tax
|
-56,977
|
-60,048
|
-63,221
|
-66,500
|
-69,886
|
|
Net Real Income
|
172,691
|
176,503
|
180,420
|
184,446
|
188,585
|
|
|
|
|
|
|
|
|
Cur Real Inc =
|
178,333
|
183,656
|
189,138
|
194,784
|
200,598
|
|
Purch Power Drop
|
5,642
|
7,153
|
8,718
|
10,338
|
12,013
|
|
At Infltn Rate Of
|
3
|
3
|
3
|
3
|
3
|
|
|
|
|
|
|
|
|
Cash Flow
|
|
|
|
|
|
|
Idle Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
Norml Cash Inflow
|
227,672
|
234,467
|
241,467
|
248,677
|
256,103
|
|
|
|
|
|
|
|
|
Norml Cash Outflw
|
213,408
|
220,236
|
226,685
|
233,963
|
241,477
|
|
Cash Invested
|
14,264
|
14,231
|
14,782
|
14,714
|
14,625
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
Net Worth
|
|
|
|
|
|
|
Personal Assets
|
821,242
|
844,380
|
868,231
|
892,817
|
918,163
|
|
Investment Assets
|
1,500,121
|
1,611,791
|
1,730,991
|
1,857,540
|
1,991,868
|
|
|
|
|
|
|
|
|
Personal Liabilities
|
-187,430
|
-180,520
|
-173,202
|
-165,452
|
-157,244
|
|
Investmt Liabilities
|
-178,230
|
-170,733
|
-162,774
|
-154,324
|
-145,353
|
|
|
|
|
|
|
|
|
Personal Net Worth
|
633,812
|
663,860
|
695,029
|
727,365
|
760,919
|
|
Investment Net Worth
|
1,321,891
|
1,441,058
|
1,568,217
|
1,703,216
|
1,846,515
|
|
Net Worth
|
1,955,703
|
2,104,919
|
2,263,246
|
2,430,581
|
2,607,434
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
F I N A N C I A L S U
M M A R Y
|
|
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
|
|
Gross Real Income
|
|
|
|
|
|
|
Personal Earnings
|
225,076
|
231,829
|
238,784
|
245,947
|
253,326
|
|
Interest Income
|
1,907
|
1,935
|
1,964
|
1,994
|
2,025
|
|
Dividends Rcvd
|
1,464
|
1,552
|
1,645
|
1,744
|
1,849
|
|
BeachHouse
|
37,374
|
38,496
|
39,650
|
40,840
|
42,065
|
|
Municipal Bonds
|
405
|
405
|
405
|
405
|
405
|
|
|
266,227
|
274,216
|
282,448
|
290,930
|
299,669
|
|
Income & Inflation
|
|
|
|
|
|
|
Gross Real Inc
|
266,227
|
274,216
|
282,448
|
290,930
|
299,669
|
|
Total Inc Tax
|
-73,389
|
-77,007
|
-80,834
|
-84,902
|
-89,109
|
|
Net Real Income
|
192,838
|
197,209
|
201,614
|
206,028
|
210,561
|
|
|
|
|
|
|
|
|
Cur Real Inc =
|
206,586
|
212,752
|
219,103
|
225,643
|
232,379
|
|
Purch Power Drop
|
13,748
|
15,544
|
17,489
|
19,616
|
21,818
|
|
At Infltn Rate Of
|
3
|
3
|
3
|
3
|
3
|
|
|
|
|
|
|
|
|
Cash Flow
|
|
|
|
|
|
|
Idle Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
Norml Cash Inflow
|
263,751
|
271,630
|
279,744
|
288,102
|
296,711
|
|
|
|
|
|
|
|
|
Norml Cash Outflw
|
249,237
|
257,250
|
265,612
|
274,360
|
283,395
|
|
Cash Invested
|
14,515
|
14,379
|
14,132
|
13,743
|
13,317
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
Net Worth
|
|
|
|
|
|
|
Personal Assets
|
944,290
|
971,224
|
998,989
|
1,027,611
|
1,057,117
|
|
Investment Assets
|
2,134,426
|
2,285,690
|
2,446,077
|
2,615,995
|
2,795,986
|
|
|
|
|
|
|
|
|
Personal Liabilities
|
-148,552
|
-139,346
|
-129,597
|
-119,272
|
-108,338
|
|
Investmt Liabilities
|
-135,829
|
-125,717
|
-114,981
|
-103,584
|
-91,483
|
|
|
|
|
|
|
|
|
Personal Net Worth
|
795,738
|
831,878
|
869,392
|
908,339
|
948,779
|
|
Investment Net Worth
|
1,998,597
|
2,159,973
|
2,331,096
|
2,512,411
|
2,704,503
|
|
Net Worth
|
2,794,336
|
2,991,851
|
3,200,488
|
3,420,749
|
3,653,281
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
F I N A N C I A L S U
M M A R Y
|
|
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
|
|
Gross Real Income
|
|
|
|
|
|
|
Personal Earnings
|
260,925
|
268,753
|
276,816
|
285,120
|
293,674
|
|
Interest Income
|
2,056
|
2,088
|
2,121
|
2,155
|
2,190
|
|
Dividends Rcvd
|
1,960
|
2,078
|
2,203
|
2,335
|
2,476
|
|
BeachHouse
|
43,327
|
44,627
|
45,966
|
47,345
|
48,765
|
|
Municipal Bonds
|
405
|
405
|
405
|
405
|
405
|
|
|
308,673
|
317,951
|
327,510
|
337,360
|
347,510
|
|
Income & Inflation
|
|
|
|
|
|
|
Gross Real Inc
|
308,673
|
317,951
|
327,510
|
337,360
|
347,510
|
|
Total Inc Tax
|
-93,458
|
-98,051
|
-102,702
|
-109,500
|
-112,785
|
|
Net Real Income
|
215,215
|
219,900
|
224,808
|
227,861
|
234,725
|
|
|
|
|
|
|
|
|
Cur Real Inc =
|
239,315
|
246,459
|
253,816
|
261,392
|
269,194
|
|
Purch Power Drop
|
24,100
|
26,559
|
29,008
|
33,531
|
34,470
|
|
At Infltn Rate Of
|
3
|
3
|
3
|
3
|
3
|
|
|
|
|
|
|
|
|
Cash Flow
|
|
|
|
|
|
|
Idle Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
964
|
|
Norml Cash Inflow
|
345,579
|
354,712
|
364,119
|
352,235
|
343,789
|
|
Assets Sold
|
0
|
0
|
0
|
12,425
|
0
|
|
|
|
|
|
|
|
|
Norml Cash Outflw
|
332,727
|
342,462
|
352,421
|
364,696
|
333,634
|
|
Cash Invested
|
12,852
|
12,249
|
11,699
|
0
|
10,119
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
964
|
1,000
|
|
|
|
|
|
|
|
|
Net Worth
|
|
|
|
|
|
|
Personal Assets
|
1,087,534
|
1,118,892
|
1,151,218
|
1,184,509
|
1,218,902
|
|
Investment Assets
|
2,945,624
|
3,104,363
|
3,272,837
|
3,449,489
|
3,679,467
|
|
|
|
|
|
|
|
|
Personal Liabilities
|
-96,758
|
-84,495
|
-71,508
|
-57,753
|
-43,187
|
|
Investmt Liabilities
|
-78,636
|
-64,997
|
-50,516
|
-35,142
|
-18,820
|
|
|
|
|
|
|
|
|
Personal Net Worth
|
990,776
|
1,034,397
|
1,079,710
|
1,126,756
|
1,175,715
|
|
Investment Net Worth
|
2,866,988
|
3,039,366
|
3,222,321
|
3,414,347
|
3,660,647
|
|
Net Worth
|
3,857,764
|
4,073,764
|
4,302,032
|
4,541,103
|
4,836,362
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
|
F I N A N C I A L S U
M M A R Y
|
|
Mathew Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew & Tammy McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2029
|
2030
|
2035
|
2040
|
2060
|
|
Age:
|
59/58
|
60/59
|
65/64
|
70/69
|
89
|
|
Gross Real Income
|
|
|
|
|
|
|
Personal Earnings
|
302,484
|
311,558
|
0
|
0
|
0
|
|
Interest Income
|
2,225
|
2,262
|
2,460
|
0
|
0
|
|
Dividends Rcvd
|
2,626
|
2,784
|
3,733
|
2,475
|
0
|
|
Matt's IRA
|
0
|
0
|
0
|
83,285
|
271,783
|
|
Tammy's IRA
|
0
|
0
|
0
|
0
|
125,911
|
|
BeachHouse
|
50,228
|
51,735
|
59,975
|
69,527
|
125,574
|
|
Municipal Bonds
|
405
|
405
|
405
|
0
|
0
|
|
|
357,967
|
368,744
|
66,573
|
155,288
|
523,268
|
|
Income & Inflation
|
|
|
|
|
|
|
Gross Real Inc
|
357,967
|
368,744
|
66,573
|
155,288
|
523,268
|
|
Total Inc Tax
|
-117,932
|
-123,085
|
-10,599
|
-35,505
|
-133,969
|
|
Net Real Income
|
240,035
|
245,660
|
55,974
|
119,783
|
389,299
|
|
|
|
|
|
|
|
|
Cur Real Inc =
|
277,230
|
285,505
|
330,738
|
383,137
|
689,975
|
|
Purch Power Drop
|
37,194
|
39,846
|
274,764
|
263,354
|
300,676
|
|
At Infltn Rate Of
|
3
|
3
|
3
|
3
|
3
|
|
|
|
|
|
|
|
|
Cash Flow
|
|
|
|
|
|
|
Idle Cash On Hand
|
1,000
|
1,000
|
993
|
974
|
967
|
|
Norml Cash Inflow
|
354,069
|
364,658
|
61,379
|
152,832
|
332,514
|
|
Assets Sold
|
0
|
0
|
124,824
|
88,369
|
190,754
|
|
|
|
|
|
|
|
|
Norml Cash Outflw
|
344,615
|
339,300
|
186,204
|
241,201
|
523,244
|
|
Cash Invested
|
9,455
|
25,358
|
0
|
0
|
0
|
|
Cash Balance
|
1,000
|
1,000
|
992
|
975
|
991
|
|
|
|
|
|
|
|
|
Net Worth
|
|
|
|
|
|
|
Personal Assets
|
1,254,321
|
1,290,836
|
1,491,078
|
1,724,325
|
3,112,461
|
|
Investment Assets
|
3,923,010
|
4,198,011
|
5,038,845
|
5,630,954
|
5,656,431
|
|
|
|
|
|
|
|
|
Personal Liabilities
|
-27,761
|
-11,424
|
0
|
0
|
0
|
|
Investmt Liabilities
|
-1,491
|
0
|
0
|
0
|
0
|
|
|
|
|
|
|
|
|
Personal Net Worth
|
1,226,560
|
1,279,412
|
1,491,078
|
1,724,325
|
3,112,461
|
|
Investment Net Worth
|
3,921,519
|
4,198,011
|
5,038,845
|
5,630,954
|
5,656,431
|
|
Net Worth
|
5,148,078
|
5,477,423
|
6,529,923
|
7,355,279
|
8,768,892
|
|
|
