|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2011
|
2012
|
2013
|
2014
|
2015
|
|
Age:
|
41/40
|
42/41
|
43/42
|
44/43
|
45/44
|
|
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
|
122,723
|
126,404
|
130,197
|
134,103
|
138,126
|
|
Tammy's
Consulting
|
65,564
|
67,531
|
69,556
|
71,643
|
73,792
|
|
Interest+Dividends
|
857
|
860
|
864
|
867
|
871
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
189,548
|
195,200
|
201,022
|
207,018
|
213,194
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
29,504
|
30,389
|
31,300
|
32,239
|
33,207
|
|
29,504
|
30,389
|
31,300
|
32,239
|
33,207
|
|
|
|
|
|
|
|
Total Cash Inflow
|
219,052
|
225,589
|
232,322
|
239,257
|
246,400
|
|
|
|
|
|
|
|
Tot Cash Available
|
220,052
|
226,589
|
233,322
|
240,257
|
247,400
|
|
|
|
|
|
|
|
USES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
Fully
Tax Deductible
|
|
|
|
|
|
|
Matt's
401k
|
16,500
|
16,500
|
14,000
|
14,000
|
14,500
|
|
Tammy's
SEP
|
9,835
|
10,130
|
10,433
|
10,746
|
11,069
|
|
Home
Mortgage
|
12,013
|
11,689
|
11,346
|
10,982
|
10,597
|
|
38,348
|
38,319
|
35,779
|
35,728
|
36,166
|
|
Partly
Deductible
|
|
|
|
|
|
|
Medicine
& Drugs
|
3,934
|
4,052
|
4,173
|
4,299
|
4,428
|
|
Charity
|
1,311
|
1,351
|
1,391
|
1,433
|
1,476
|
|
Tax
& Financial Fee
|
273
|
281
|
290
|
299
|
307
|
|
5,518
|
5,684
|
5,854
|
6,030
|
6,211
|
|
Not
Tax Deductible
|
|
|
|
|
|
|
Food
|
9,835
|
10,130
|
10,433
|
10,746
|
11,069
|
|
Clothing
|
5,245
|
5,402
|
5,565
|
5,731
|
5,903
|
|
Entertainment
|
6,556
|
6,753
|
6,956
|
7,164
|
7,379
|
|
Vacations
|
6,556
|
6,753
|
6,956
|
7,164
|
7,379
|
|
Gas
|
3,934
|
4,052
|
4,173
|
4,299
|
4,428
|
|
Future
Car Leases
|
0
|
0
|
0
|
7,200
|
7,416
|
|
Matt's
Term
|
600
|
600
|
600
|
600
|
600
|
|
Tammmy's
VUL
|
900
|
900
|
900
|
900
|
900
|
|
Repair/Maintenance
|
2,623
|
2,701
|
2,782
|
2,866
|
2,952
|
|
Household
Exp.
|
5,245
|
5,402
|
5,565
|
5,731
|
5,903
|
|
Utilities
|
7,868
|
8,104
|
8,347
|
8,597
|
8,855
|
|
Tammy's
Roth IRA
|
2,900
|
1,750
|
0
|
0
|
0
|
|
52,261
|
52,547
|
52,276
|
60,999
|
62,784
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T (cont.)
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2011
|
2012
|
2013
|
2014
|
2015
|
|
Age:
|
41/40
|
42/41
|
43/42
|
44/43
|
45/44
|
|
Taxes
Paid
|
|
|
|
|
|
|
Fed
Tax Paid
|
30,320
|
33,507
|
42,739
|
45,263
|
47,706
|
|
State
Tax Paid
|
6,815
|
7,236
|
7,831
|
8,278
|
8,706
|
|
FICA/Soc
Sec Tax
|
6,265
|
8,994
|
9,328
|
9,682
|
10,057
|
|
Real
Estate Tax
|
15,399
|
16,015
|
16,656
|
17,322
|
18,015
|
|
58,800
|
65,752
|
76,554
|
80,546
|
84,484
|
|
Purchase/Deposits
|
|
|
|
|
|
|
Excess
Cash Fund
|
35,696
|
34,330
|
32,347
|
25,861
|
26,053
|
|
35,696
|
34,330
|
32,347
|
25,861
|
26,053
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
22,935
|
23,139
|
23,350
|
23,568
|
23,792
|
|
22,935
|
23,139
|
23,350
|
23,568
|
23,792
|
|
Liability
Liquidation
|
|
|
|
|
|
|
Home
Mortgage
|
5,494
|
5,818
|
6,161
|
6,525
|
6,910
|
|
5,494
|
5,818
|
6,161
|
6,525
|
6,910
|
|
|
|
|
|
|
|
Tot Cash Outflow
|
219,052
|
225,589
|
232,322
|
239,257
|
246,400
|
|
|
|
|
|
|
|
END
OF YEAR
|
|
|
|
|
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2016
|
2017
|
2018
|
2019
|
2020
|
|
Age:
|
46/45
|
47/46
|
48/47
|
49/48
|
50/49
|
|
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
|
142,269
|
146,537
|
150,934
|
155,462
|
160,125
|
|
Tammy's
Consulting
|
76,006
|
78,286
|
80,635
|
83,054
|
85,546
|
|
Interest+Dividends
|
874
|
878
|
882
|
887
|
891
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
219,555
|
226,107
|
232,856
|
239,807
|
246,967
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
34,203
|
35,229
|
36,286
|
37,374
|
38,496
|
|
34,203
|
35,229
|
36,286
|
37,374
|
38,496
|
|
|
|
|
|
|
|
Total Cash Inflow
|
253,758
|
261,336
|
269,142
|
277,182
|
285,463
|
|
|
|
|
|
|
|
Tot Cash Available
|
254,758
|
262,336
|
270,142
|
278,182
|
286,462
|
|
|
|
|
|
|
|
USES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
Fully
Tax Deductible
|
|
|
|
|
|
|
Matt's
401k
|
14,500
|
15,000
|
15,000
|
15,500
|
15,500
|
|
Tammy's
SEP
|
11,401
|
11,743
|
12,095
|
12,458
|
12,832
|
|
Home
Mortgage
|
10,189
|
9,757
|
9,299
|
8,815
|
8,301
|
|
36,090
|
36,500
|
36,394
|
36,773
|
36,633
|
|
Partly
Deductible
|
|
|
|
|
|
|
Medicine
& Drugs
|
4,560
|
4,697
|
4,838
|
4,983
|
5,133
|
|
Charity
|
1,520
|
1,566
|
1,613
|
1,661
|
1,711
|
|
Tax
& Financial Fee
|
317
|
326
|
336
|
346
|
356
|
|
6,397
|
6,589
|
6,787
|
6,990
|
7,200
|
|
Not
Tax Deductible
|
|
|
|
|
|
|
Food
|
11,401
|
11,743
|
12,095
|
12,458
|
12,832
|
|
Clothing
|
6,080
|
6,263
|
6,451
|
6,644
|
6,844
|
|
Entertainment
|
7,601
|
7,829
|
8,063
|
8,305
|
8,555
|
|
Vacations
|
7,601
|
7,829
|
8,063
|
8,305
|
8,555
|
|
Gas
|
4,560
|
4,697
|
4,838
|
4,983
|
5,133
|
|
Future
Car Leases
|
7,638
|
7,868
|
8,104
|
8,347
|
8,597
|
|
Tammmy's
VUL
|
900
|
900
|
900
|
900
|
900
|
|
Repair/Maintenance
|
3,040
|
3,131
|
3,225
|
3,322
|
3,422
|
|
Household
Exp.
|
6,080
|
6,263
|
6,451
|
6,644
|
6,844
|
|
Utilities
|
9,121
|
9,394
|
9,676
|
9,966
|
10,265
|
|
64,023
|
65,917
|
67,867
|
69,876
|
71,946
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T (cont.)
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2016
|
2017
|
2018
|
2019
|
2020
|
|
Age:
|
46/45
|
47/46
|
48/47
|
49/48
|
50/49
|
|
Taxes
Paid
|
|
|
|
|
|
|
Fed
Tax Paid
|
50,395
|
53,009
|
55,875
|
58,782
|
62,046
|
|
State
Tax Paid
|
9,181
|
9,638
|
10,143
|
10,630
|
11,167
|
|
FICA/Soc
Sec Tax
|
10,433
|
10,830
|
11,247
|
11,666
|
12,105
|
|
Real
Estate Tax
|
18,736
|
19,485
|
20,265
|
21,075
|
21,918
|
|
88,744
|
92,962
|
97,529
|
102,154
|
107,236
|
|
Purchase/Deposits
|
|
|
|
|
|
|
Excess
Cash Fund
|
27,163
|
27,359
|
27,852
|
27,940
|
28,226
|
|
27,163
|
27,359
|
27,852
|
27,940
|
28,226
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
24,022
|
24,260
|
24,504
|
24,756
|
25,016
|
|
24,022
|
24,260
|
24,504
|
24,756
|
25,016
|
|
Liability
Liquidation
|
|
|
|
|
|
|
Home
Mortgage
|
7,318
|
7,750
|
8,208
|
8,692
|
9,206
|
|
7,318
|
7,750
|
8,208
|
8,692
|
9,206
|
|
|
|
|
|
|
|
Tot Cash Outflow
|
253,758
|
261,336
|
269,142
|
277,182
|
285,462
|
|
|
|
|
|
|
|
END
OF YEAR
|
|
|
|
|
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2021
|
2022
|
2023
|
2024
|
2025
|
|
Age:
|
51/50
|
52/51
|
53/52
|
54/53
|
55/54
|
|
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
|
164,929
|
169,877
|
174,973
|
180,223
|
185,629
|
|
Tammy's
Consulting
|
88,112
|
90,755
|
93,478
|
96,282
|
99,171
|
|
Interest+Dividends
|
896
|
900
|
905
|
910
|
916
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
254,342
|
261,938
|
269,762
|
277,820
|
286,121
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
39,650
|
40,840
|
42,065
|
43,327
|
44,627
|
|
39,650
|
40,840
|
42,065
|
43,327
|
44,627
|
|
Sale/Withdrawals
|
|
|
|
|
|
|
529
Plans
|
0
|
0
|
0
|
40,000
|
40,000
|
|
0
|
0
|
0
|
40,000
|
40,000
|
|
|
|
|
|
|
|
Total Cash Inflow
|
293,992
|
302,778
|
311,827
|
361,147
|
370,748
|
|
|
|
|
|
|
|
Tot Cash Available
|
294,992
|
303,777
|
312,827
|
362,147
|
371,747
|
|
|
|
|
|
|
|
USES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
Fully
Tax Deductible
|
|
|
|
|
|
|
Matt's
401k
|
16,000
|
16,000
|
16,000
|
16,500
|
16,500
|
|
Tammy's
SEP
|
13,217
|
13,613
|
14,022
|
14,442
|
14,876
|
|
Home
Mortgage
|
7,758
|
7,182
|
6,573
|
5,927
|
5,244
|
|
36,975
|
36,795
|
36,595
|
36,869
|
36,620
|
|
Partly
Deductible
|
|
|
|
|
|
|
Medicine
& Drugs
|
5,287
|
5,445
|
5,609
|
5,777
|
5,950
|
|
Charity
|
1,762
|
1,815
|
1,870
|
1,926
|
1,983
|
|
Tax
& Financial Fee
|
367
|
378
|
389
|
401
|
413
|
|
7,416
|
7,639
|
7,868
|
8,104
|
8,347
|
|
Not
Tax Deductible
|
|
|
|
|
|
|
Jacob's
College Exp
|
0
|
0
|
0
|
40,000
|
40,000
|
|
Food
|
13,217
|
13,613
|
14,022
|
14,442
|
14,876
|
|
Clothing
|
7,049
|
7,260
|
7,478
|
7,703
|
7,934
|
|
Entertainment
|
8,811
|
9,076
|
9,348
|
9,628
|
9,917
|
|
Vacations
|
8,811
|
9,076
|
9,348
|
9,628
|
9,917
|
|
Gas
|
5,287
|
5,445
|
5,609
|
5,777
|
5,950
|
|
Future
Car Leases
|
8,855
|
9,121
|
9,394
|
9,676
|
9,966
|
|
Tammmy's
VUL
|
900
|
900
|
900
|
900
|
900
|
|
Repair/Maintenance
|
3,524
|
3,630
|
3,739
|
3,851
|
3,967
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T (cont.)
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2021
|
2022
|
2023
|
2024
|
2025
|
|
Age:
|
51/50
|
52/51
|
53/52
|
54/53
|
55/54
|
|
Household
Exp.
|
7,049
|
7,260
|
7,478
|
7,703
|
7,934
|
|
Utilities
|
10,573
|
10,891
|
11,217
|
11,554
|
11,901
|
|
74,077
|
76,272
|
78,533
|
120,862
|
123,261
|
|
Taxes
Paid
|
|
|
|
|
|
|
Fed
Tax Paid
|
65,240
|
68,720
|
72,438
|
75,994
|
79,862
|
|
State
Tax Paid
|
12,006
|
12,577
|
13,165
|
13,739
|
14,460
|
|
FICA/Soc
Sec Tax
|
12,566
|
12,996
|
13,385
|
13,787
|
14,201
|
|
Real
Estate Tax
|
22,795
|
23,707
|
24,655
|
25,641
|
26,667
|
|
112,607
|
117,999
|
123,642
|
129,161
|
135,190
|
|
Purchase/Deposits
|
|
|
|
|
|
|
Excess
Cash Fund
|
27,886
|
28,188
|
28,413
|
28,436
|
28,631
|
|
27,886
|
28,188
|
28,413
|
28,436
|
28,631
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
25,283
|
25,559
|
25,842
|
26,134
|
26,435
|
|
25,283
|
25,559
|
25,842
|
26,134
|
26,435
|
|
Liability
Liquidation
|
|
|
|
|
|
|
Home
Mortgage
|
9,749
|
10,325
|
10,934
|
11,580
|
12,263
|
|
9,749
|
10,325
|
10,934
|
11,580
|
12,263
|
|
|
|
|
|
|
|
Tot Cash Outflow
|
293,993
|
302,777
|
311,827
|
361,147
|
370,747
|
|
|
|
|
|
|
|
END
OF YEAR
|
|
|
|
|
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2026
|
2027
|
2028
|
2029
|
2030
|
|
Age:
|
56/55
|
57/56
|
58/57
|
59/58
|
60/59
|
|
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
|
191,198
|
196,934
|
202,842
|
208,927
|
215,195
|
|
Tammy's
Consulting
|
102,146
|
105,210
|
108,367
|
111,618
|
114,966
|
|
Interest+Dividends
|
921
|
927
|
933
|
939
|
946
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
294,670
|
303,476
|
312,547
|
321,889
|
331,512
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
45,966
|
47,345
|
48,765
|
50,228
|
51,735
|
|
45,966
|
47,345
|
48,765
|
50,228
|
51,735
|
|
Sale/Withdrawals
|
|
|
|
|
|
|
529
Plans
|
40,000
|
37,427
|
0
|
0
|
0
|
|
40,000
|
37,427
|
0
|
0
|
0
|
|
|
|
|
|
|
|
Total Cash Inflow
|
380,636
|
388,248
|
361,312
|
372,117
|
383,247
|
|
|
|
|
|
|
|
Tot Cash Available
|
381,636
|
389,248
|
362,311
|
373,117
|
384,246
|
|
|
|
|
|
|
|
USES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
Fully
Tax Deductible
|
|
|
|
|
|
|
Matt's
401k
|
17,000
|
17,000
|
17,500
|
18,000
|
18,000
|
|
Tammy's
SEP
|
15,322
|
15,782
|
16,255
|
16,743
|
17,245
|
|
Home
Mortgage
|
4,520
|
3,752
|
2,941
|
2,081
|
1,170
|
|
36,842
|
36,534
|
36,696
|
36,824
|
36,415
|
|
Partly
Deductible
|
|
|
|
|
|
|
Medicine
& Drugs
|
6,129
|
6,313
|
6,502
|
6,697
|
6,898
|
|
Charity
|
2,043
|
2,104
|
2,167
|
2,232
|
2,299
|
|
Tax
& Financial Fee
|
426
|
438
|
452
|
465
|
479
|
|
8,597
|
8,855
|
9,121
|
9,394
|
9,676
|
|
Not
Tax Deductible
|
|
|
|
|
|
|
Jacob's
College Exp
|
40,000
|
40,000
|
0
|
0
|
0
|
|
Food
|
15,322
|
15,782
|
16,255
|
16,743
|
17,245
|
|
Clothing
|
8,172
|
8,417
|
8,669
|
8,929
|
9,197
|
|
Entertainment
|
10,215
|
10,521
|
10,837
|
11,162
|
11,497
|
|
Vacations
|
10,215
|
10,521
|
10,837
|
11,162
|
11,497
|
|
Gas
|
6,129
|
6,313
|
6,502
|
6,697
|
6,898
|
|
Future
Car Leases
|
10,265
|
10,573
|
10,891
|
11,217
|
11,554
|
|
Tammmy's
VUL
|
900
|
900
|
900
|
900
|
900
|
|
Repair/Maintenance
|
4,086
|
4,208
|
4,335
|
4,465
|
4,599
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T (cont.)
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2026
|
2027
|
2028
|
2029
|
2030
|
|
Age:
|
56/55
|
57/56
|
58/57
|
59/58
|
60/59
|
|
Household
Exp.
|
8,172
|
8,417
|
8,669
|
8,929
|
9,197
|
|
Utilities
|
12,258
|
12,625
|
13,004
|
13,394
|
13,796
|
|
125,732
|
128,277
|
90,898
|
93,598
|
96,379
|
|
Taxes
Paid
|
|
|
|
|
|
|
Fed
Tax Paid
|
83,721
|
88,488
|
93,610
|
97,881
|
102,479
|
|
State
Tax Paid
|
15,072
|
15,848
|
16,683
|
17,357
|
18,085
|
|
FICA/Soc
Sec Tax
|
14,627
|
15,065
|
15,517
|
15,983
|
16,462
|
|
Real
Estate Tax
|
27,733
|
28,843
|
29,996
|
31,196
|
32,444
|
|
141,153
|
148,244
|
155,807
|
162,417
|
169,470
|
|
Purchase/Deposits
|
|
|
|
|
|
|
Excess
Cash Fund
|
28,580
|
25,519
|
26,830
|
26,726
|
26,888
|
|
28,580
|
25,519
|
26,830
|
26,726
|
26,888
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
26,745
|
27,064
|
27,393
|
27,732
|
28,081
|
|
26,745
|
27,064
|
27,393
|
27,732
|
28,081
|
|
Liability
Liquidation
|
|
|
|
|
|
|
Home
Mortgage
|
12,987
|
13,755
|
14,566
|
15,426
|
16,337
|
|
12,987
|
13,755
|
14,566
|
15,426
|
16,337
|
|
|
|
|
|
|
|
Tot Cash Outflow
|
380,637
|
388,248
|
361,312
|
372,117
|
383,246
|
|
|
|
|
|
|
|
END
OF YEAR
|
|
|
|
|
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2031
|
2032
|
2033
|
2034
|
2035
|
|
Age:
|
61/60
|
62/61
|
63/62
|
64/63
|
65/64
|
|
BEGINNING
OF YEAR
|
|
|
|
|
|
|
Idle
Cash On Hand
|
1,000
|
1,000
|
952
|
962
|
950
|
|
|
|
|
|
|
|
SOURCES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash
Income
|
|
|
|
|
|
|
Matt's
Salary
|
221,651
|
0
|
0
|
0
|
0
|
|
Tammy's
Consulting
|
118,415
|
121,968
|
0
|
0
|
0
|
|
Interest+Dividends
|
952
|
959
|
967
|
974
|
982
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
341,424
|
123,332
|
1,372
|
1,379
|
1,387
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
53,287
|
54,885
|
56,532
|
58,228
|
59,975
|
|
53,287
|
54,885
|
56,532
|
58,228
|
59,975
|
|
Sale/Withdrawals
|
|
|
|
|
|
|
Excess
Cash Fund
|
0
|
76,171
|
140,786
|
146,666
|
152,108
|
|
0
|
76,171
|
140,786
|
146,666
|
152,108
|
|
|
|
|
|
|
|
Total Cash Inflow
|
394,711
|
254,389
|
198,690
|
206,273
|
213,470
|
|
|
|
|
|
|
|
Tot Cash Available
|
395,711
|
255,389
|
199,642
|
207,235
|
214,420
|
|
|
|
|
|
|
|
USES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
Fully
Tax Deductible
|
|
|
|
|
|
|
Matt's
401k
|
18,500
|
0
|
0
|
0
|
0
|
|
Tammy's
SEP
|
17,762
|
18,295
|
0
|
0
|
0
|
|
Home
Mortgage
|
247
|
0
|
0
|
0
|
0
|
|
36,509
|
18,295
|
0
|
0
|
0
|
|
Partly
Deductible
|
|
|
|
|
|
|
Medicine
& Drugs
|
7,105
|
7,318
|
7,538
|
7,764
|
7,997
|
|
Charity
|
2,368
|
2,439
|
2,513
|
2,588
|
2,666
|
|
Tax
& Financial Fee
|
493
|
508
|
523
|
539
|
0
|
|
9,967
|
10,266
|
10,574
|
10,891
|
10,662
|
|
Not
Tax Deductible
|
|
|
|
|
|
|
Food
|
17,762
|
18,295
|
18,844
|
19,409
|
19,992
|
|
Clothing
|
9,473
|
9,757
|
10,050
|
10,352
|
10,662
|
|
Entertainment
|
11,842
|
12,197
|
12,563
|
12,940
|
13,328
|
|
Vacations
|
11,842
|
12,197
|
12,563
|
12,940
|
13,328
|
|
Gas
|
7,105
|
7,318
|
7,538
|
7,764
|
7,997
|
|
Future
Car Leases
|
11,901
|
12,258
|
12,625
|
13,004
|
13,394
|
|
Tammmy's
VUL
|
900
|
900
|
900
|
900
|
900
|
|
Repair/Maintenance
|
4,737
|
4,879
|
5,025
|
5,176
|
5,331
|
|
Household
Exp.
|
9,473
|
9,757
|
10,050
|
10,352
|
10,662
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T (cont.)
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2031
|
2032
|
2033
|
2034
|
2035
|
|
Age:
|
61/60
|
62/61
|
63/62
|
64/63
|
65/64
|
|
Utilities
|
14,210
|
14,636
|
15,075
|
15,527
|
15,993
|
|
Tammy's
Roth IRA
|
0
|
2,000
|
0
|
0
|
0
|
|
99,244
|
104,194
|
105,233
|
108,363
|
111,587
|
|
Taxes
Paid
|
|
|
|
|
|
|
Fed
Tax Paid
|
106,890
|
49,610
|
14,335
|
16,140
|
17,926
|
|
State
Tax Paid
|
18,804
|
8,170
|
2,852
|
3,353
|
3,792
|
|
FICA/Soc
Sec Tax
|
16,956
|
0
|
0
|
0
|
0
|
|
Real
Estate Tax
|
33,742
|
35,092
|
36,495
|
37,955
|
39,473
|
|
176,391
|
92,872
|
53,683
|
57,448
|
61,192
|
|
Purchase/Deposits
|
|
|
|
|
|
|
Excess
Cash Fund
|
32,736
|
0
|
0
|
0
|
0
|
|
32,736
|
0
|
0
|
0
|
0
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
28,440
|
28,810
|
29,191
|
29,584
|
29,988
|
|
28,440
|
28,810
|
29,191
|
29,584
|
29,988
|
|
Liability
Liquidation
|
|
|
|
|
|
|
Home
Mortgage
|
11,424
|
0
|
0
|
0
|
0
|
|
11,424
|
0
|
0
|
0
|
0
|
|
|
|
|
|
|
|
Tot Cash Outflow
|
394,711
|
254,436
|
198,680
|
206,285
|
213,428
|
|
|
|
|
|
|
|
END
OF YEAR
|
|
|
|
|
|
|
Cash Balance
|
1,000
|
952
|
962
|
950
|
991
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2040
|
2045
|
2050
|
2055
|
2060
|
|
Age:
|
70/69
|
75/74
|
80/79
|
85/84
|
89
|
|
BEGINNING
OF YEAR
|
|
|
|
|
|
|
Idle
Cash On Hand
|
965
|
987
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
SOURCES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash
Income
|
|
|
|
|
|
|
Matt's
IRA
|
60,433
|
80,163
|
104,525
|
132,899
|
159,935
|
|
Tammy's
IRA
|
0
|
64,078
|
84,038
|
107,805
|
131,565
|
|
Soc
Security Inc
|
73,202
|
84,861
|
98,378
|
114,046
|
132,211
|
|
Interest+Dividends
|
1,027
|
1,081
|
1,147
|
1,227
|
1,324
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
135,067
|
230,588
|
288,492
|
356,382
|
425,440
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
69,527
|
80,601
|
93,439
|
108,321
|
125,574
|
|
69,527
|
80,601
|
93,439
|
108,321
|
125,574
|
|
Sale/Withdrawals
|
|
|
|
|
|
|
Excess
Cash Fund
|
47,386
|
3,413
|
0
|
0
|
0
|
|
47,386
|
3,413
|
0
|
0
|
0
|
|
Total Cash Inflow
|
251,980
|
314,602
|
381,931
|
464,703
|
551,014
|
|
|
|
|
|
|
|
Tot Cash Available
|
252,945
|
315,589
|
382,931
|
465,703
|
552,014
|
|
|
|
|
|
|
|
USES
OF CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
Partly
Deductible
|
|
|
|
|
|
|
Medicine
& Drugs
|
9,270
|
10,747
|
12,459
|
14,443
|
16,743
|
|
Charity
|
3,090
|
3,582
|
4,153
|
4,814
|
5,581
|
|
12,360
|
14,329
|
16,611
|
19,257
|
22,324
|
|
Not
Tax Deductible
|
|
|
|
|
|
|
Food
|
23,176
|
26,867
|
31,146
|
36,107
|
41,858
|
|
Clothing
|
12,360
|
14,329
|
16,611
|
19,257
|
22,324
|
|
Entertainment
|
15,450
|
17,911
|
20,764
|
24,071
|
27,905
|
|
Vacations
|
15,450
|
17,911
|
20,764
|
24,071
|
27,905
|
|
Gas
|
9,270
|
10,747
|
12,459
|
14,443
|
16,743
|
|
Future
Car Leases
|
15,527
|
18,001
|
20,868
|
24,191
|
28,044
|
|
Tammmy's
VUL
|
900
|
900
|
900
|
900
|
900
|
|
Repair/Maintenance
|
6,180
|
7,165
|
8,306
|
9,629
|
11,162
|
|
Household
Exp.
|
12,360
|
14,329
|
16,611
|
19,257
|
22,324
|
|
Utilities
|
18,541
|
21,494
|
24,917
|
28,886
|
33,486
|
|
129,216
|
149,654
|
173,346
|
200,812
|
232,653
|
|
Taxes
Paid
|
|
|
|
|
|
|
Fed
Tax Paid
|
44,984
|
72,806
|
94,290
|
116,469
|
140,465
|
|
State
Tax Paid
|
1,277
|
753
|
919
|
1,220
|
3,045
|
|
Real
Estate Tax
|
48,025
|
58,430
|
71,089
|
86,491
|
105,229
|
|
94,287
|
131,990
|
166,297
|
204,179
|
248,739
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C
A S H F L O W S T A T E M E N T (cont.)
|
|
Matthew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Matthew & Tammy
McCarthey
|
|
|
|
|
|
|
|
|
|
|
|
|
Sample Plan
|
2040
|
2045
|
2050
|
2055
|
2060
|
|
Age:
|
70/69
|
75/74
|
80/79
|
85/84
|
89
|
|
Purchase/Deposits
|
|
|
|
|
|
|
Excess
Cash Fund
|
0
|
0
|
4,047
|
15,380
|
18,230
|
|
0
|
0
|
4,047
|
15,380
|
18,230
|
|
Investments
|
|
|
|
|
|
|
BeachHouse
|
16,094
|
18,658
|
21,629
|
25,074
|
29,068
|
|
16,094
|
18,658
|
21,629
|
25,074
|
29,068
|
|
|
|
|
|
|
|
Tot Cash Outflow
|
251,958
|
314,630
|
381,931
|
464,703
|
551,015
|
|
|
|
|
|
|
|
END
OF YEAR
|
|
|
|
|
|
|
Cash Balance
|
988
|
959
|
1,000
|
1,000
|
1,000
|
|
|
