|
|
|
|
F
I N A N C I A L S U M M A R Y
|
|
|
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
|
|
Gross
Real Income
|
|
|
|
|
|
|
Personal
Earnings
|
188,286
|
193,935
|
199,753
|
205,746
|
211,918
|
|
Interest
Income
|
1,729
|
1,752
|
1,776
|
1,802
|
1,827
|
|
Dividends
Rcvd
|
819
|
868
|
919
|
974
|
1,033
|
|
BeachHouse
|
29,504
|
30,389
|
31,300
|
32,239
|
33,207
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
220,743
|
227,348
|
234,154
|
241,166
|
248,389
|
|
Income
& Inflation
|
|
|
|
|
|
|
Gross
Real Inc
|
220,743
|
227,348
|
234,154
|
241,166
|
248,389
|
|
Total
Inc Tax
|
-43,400
|
-49,737
|
-59,898
|
-63,223
|
-66,469
|
|
Net
Real Income
|
177,342
|
177,612
|
174,256
|
177,943
|
181,921
|
|
|
|
|
|
|
|
Cur
Real Inc =
|
177,342
|
179,962
|
182,620
|
185,317
|
188,054
|
|
Purch
Power Drop
|
0
|
2,350
|
8,364
|
7,374
|
6,134
|
|
At
Infltn Rate Of
|
1
|
1
|
1
|
1
|
1
|
|
|
|
|
|
|
|
Cash
Flow
|
|
|
|
|
|
|
Idle
Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
Norml
Cash Inflow
|
219,052
|
225,589
|
232,322
|
239,257
|
246,400
|
|
|
|
|
|
|
|
Norml
Cash Outflw
|
183,356
|
191,259
|
199,975
|
213,396
|
220,347
|
|
Cash
Invested
|
35,696
|
34,330
|
32,347
|
25,861
|
26,053
|
|
Cash Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
Net
Worth
|
|
|
|
|
|
|
Personal
Assets
|
755,897
|
777,021
|
798,796
|
821,241
|
844,380
|
|
Investment
Assets
|
1,151,676
|
1,263,605
|
1,375,398
|
1,486,904
|
1,605,503
|
|
|
|
|
|
|
|
Personal
Liabilities
|
-205,934
|
-200,116
|
-193,955
|
-187,430
|
-180,520
|
|
Investmt
Liabilities
|
-235,527
|
-231,098
|
-226,442
|
-221,549
|
-216,405
|
|
|
|
|
|
|
|
Personal
Net Worth
|
549,963
|
576,905
|
604,841
|
633,811
|
663,860
|
|
Investment
Net Worth
|
916,149
|
1,032,507
|
1,148,956
|
1,265,355
|
1,389,098
|
|
Net
Worth
|
1,466,112
|
1,609,412
|
1,753,796
|
1,899,165
|
2,052,958
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F
I N A N C I A L S U M M A R Y
|
|
|
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
|
|
Gross
Real Income
|
|
|
|
|
|
|
Personal
Earnings
|
218,276
|
224,824
|
231,569
|
238,516
|
245,671
|
|
Interest
Income
|
1,853
|
1,879
|
1,907
|
1,935
|
1,964
|
|
Dividends
Rcvd
|
1,094
|
1,160
|
1,229
|
1,303
|
1,381
|
|
BeachHouse
|
34,203
|
35,229
|
36,286
|
37,374
|
38,496
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
255,831
|
263,497
|
271,396
|
279,533
|
287,917
|
|
Income
& Inflation
|
|
|
|
|
|
|
Gross
Real Inc
|
255,831
|
263,497
|
271,396
|
279,533
|
287,917
|
|
Total
Inc Tax
|
-70,008
|
-73,477
|
-77,265
|
-81,078
|
-85,318
|
|
Net
Real Income
|
185,822
|
190,020
|
194,131
|
198,454
|
202,599
|
|
|
|
|
|
|
|
Cur
Real Inc =
|
190,832
|
193,650
|
196,511
|
199,413
|
202,358
|
|
Purch
Power Drop
|
5,010
|
3,630
|
2,380
|
959
|
0
|
|
At
Infltn Rate Of
|
1
|
1
|
1
|
1
|
1
|
|
|
|
|
|
|
|
Cash
Flow
|
|
|
|
|
|
|
Idle
Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
Norml
Cash Inflow
|
253,758
|
261,336
|
269,142
|
277,182
|
285,463
|
|
|
|
|
|
|
|
Norml
Cash Outflw
|
226,595
|
233,977
|
241,290
|
249,242
|
257,236
|
|
Cash
Invested
|
27,163
|
27,359
|
27,852
|
27,940
|
28,226
|
|
Cash
Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
Net
Worth
|
|
|
|
|
|
|
Personal
Assets
|
868,231
|
892,818
|
918,163
|
944,290
|
971,224
|
|
Investment
Assets
|
1,732,026
|
1,866,527
|
2,009,248
|
2,160,786
|
2,321,330
|
|
|
|
|
|
|
|
Personal
Liabilities
|
-173,202
|
-165,452
|
-157,244
|
-148,552
|
-139,346
|
|
Investmt
Liabilities
|
-210,998
|
-205,314
|
-199,339
|
-193,059
|
-186,457
|
|
|
|
|
|
|
|
Personal
Net Worth
|
695,029
|
727,366
|
760,919
|
795,738
|
831,878
|
|
Investment
Net Worth
|
1,521,028
|
1,661,213
|
1,809,909
|
1,967,727
|
2,134,873
|
|
Net
Worth
|
2,216,058
|
2,388,578
|
2,570,828
|
2,763,465
|
2,966,751
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F
I N A N C I A L S U M M A R Y
|
|
|
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
|
|
Gross
Real Income
|
|
|
|
|
|
|
Personal
Earnings
|
253,041
|
260,632
|
268,451
|
276,505
|
284,800
|
|
Interest
Income
|
1,994
|
2,025
|
2,056
|
2,088
|
2,121
|
|
Dividends
Rcvd
|
1,464
|
1,552
|
1,645
|
1,744
|
1,849
|
|
BeachHouse
|
39,650
|
40,840
|
42,065
|
43,327
|
44,627
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
296,554
|
305,454
|
314,622
|
324,069
|
333,802
|
|
Income
& Inflation
|
|
|
|
|
|
|
Gross
Real Inc
|
296,554
|
305,454
|
314,622
|
324,069
|
333,802
|
|
Total
Inc Tax
|
-89,812
|
-94,293
|
-98,987
|
-103,520
|
-108,523
|
|
Net
Real Income
|
206,743
|
211,161
|
215,635
|
220,549
|
225,278
|
|
|
|
|
|
|
|
Cur
Real Inc =
|
205,347
|
208,380
|
211,458
|
214,581
|
217,751
|
|
At
Infltn Rate Of
|
1
|
1
|
1
|
1
|
1
|
|
|
|
|
|
|
|
Cash
Flow
|
|
|
|
|
|
|
Idle
Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
Norml
Cash Inflow
|
293,992
|
302,778
|
311,827
|
361,147
|
370,748
|
|
|
|
|
|
|
|
Norml
Cash Outflw
|
266,107
|
274,589
|
283,414
|
332,711
|
342,116
|
|
Cash
Invested
|
27,886
|
28,188
|
28,413
|
28,436
|
28,631
|
|
Cash
Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
Net
Worth
|
|
|
|
|
|
|
Personal
Assets
|
998,988
|
1,027,611
|
1,057,116
|
1,087,534
|
1,118,892
|
|
Investment
Assets
|
2,491,296
|
2,671,367
|
2,862,056
|
3,023,309
|
3,194,403
|
|
|
|
|
|
|
|
Personal
Liabilities
|
-129,597
|
-119,272
|
-108,338
|
-96,758
|
-84,495
|
|
Investmt
Liabilities
|
-179,518
|
-172,223
|
-164,556
|
-156,496
|
-148,023
|
|
|
|
|
|
|
|
Personal
Net Worth
|
869,391
|
908,339
|
948,778
|
990,776
|
1,034,397
|
|
Investment
Net Worth
|
2,311,778
|
2,499,144
|
2,697,500
|
2,866,813
|
3,046,380
|
|
Net
Worth
|
3,181,169
|
3,407,483
|
3,646,278
|
3,857,589
|
4,080,777
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F
I N A N C I A L S U M M A R Y
|
|
|
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
|
|
Gross
Real Income
|
|
|
|
|
|
|
Personal
Earnings
|
293,344
|
302,144
|
311,209
|
320,545
|
330,161
|
|
Interest
Income
|
2,155
|
2,190
|
2,225
|
2,262
|
2,300
|
|
Dividends
Rcvd
|
1,960
|
2,078
|
2,203
|
2,335
|
2,476
|
|
BeachHouse
|
45,966
|
47,345
|
48,765
|
50,228
|
51,735
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
343,830
|
354,162
|
364,807
|
375,775
|
387,077
|
|
Income
& Inflation
|
|
|
|
|
|
|
Gross
Real Inc
|
343,830
|
354,162
|
364,807
|
375,775
|
387,077
|
|
Total
Inc Tax
|
-113,420
|
-119,401
|
-125,811
|
-131,221
|
-137,026
|
|
Net
Real Income
|
230,410
|
234,761
|
238,996
|
244,555
|
250,052
|
|
|
|
|
|
|
|
Cur
Real Inc =
|
220,967
|
224,230
|
227,542
|
230,903
|
234,313
|
|
At
Infltn Rate Of
|
1
|
1
|
1
|
1
|
1
|
|
|
|
|
|
|
|
Cash
Flow
|
|
|
|
|
|
|
Idle
Cash On Hand
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
Norml
Cash Inflow
|
380,636
|
388,248
|
361,312
|
372,117
|
383,247
|
|
|
|
|
|
|
|
Norml
Cash Outflw
|
352,057
|
362,729
|
334,482
|
345,391
|
356,358
|
|
Cash
Invested
|
28,580
|
25,519
|
26,830
|
26,726
|
26,888
|
|
Cash
Balance
|
1,000
|
1,000
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
Net
Worth
|
|
|
|
|
|
|
Personal
Assets
|
1,151,218
|
1,184,544
|
1,218,901
|
1,254,320
|
1,290,836
|
|
Investment
Assets
|
3,376,212
|
3,568,391
|
3,812,303
|
4,070,856
|
4,344,659
|
|
|
|
|
|
|
|
Personal
Liabilities
|
-71,508
|
-57,753
|
-43,187
|
-27,761
|
-11,424
|
|
Investmt
Liabilities
|
-139,118
|
-129,756
|
-119,916
|
-109,572
|
-98,699
|
|
|
|
|
|
|
|
Personal
Net Worth
|
1,079,710
|
1,126,791
|
1,175,714
|
1,226,559
|
1,279,412
|
|
Investment
Net Worth
|
3,237,094
|
3,438,635
|
3,692,387
|
3,961,284
|
4,245,960
|
|
Net
Worth
|
4,316,804
|
4,565,427
|
4,868,101
|
5,187,843
|
5,525,372
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F
I N A N C I A L S U M M A R Y
|
|
|
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
|
|
Gross
Real Income
|
|
|
|
|
|
|
Personal
Earnings
|
340,066
|
121,968
|
0
|
0
|
0
|
|
Interest
Income
|
2,338
|
2,378
|
2,419
|
2,460
|
2,504
|
|
Dividends
Rcvd
|
2,626
|
2,784
|
2,952
|
3,130
|
3,319
|
|
BeachHouse
|
53,287
|
54,885
|
56,532
|
58,228
|
59,975
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
398,722
|
182,420
|
62,308
|
64,223
|
66,203
|
|
Income
& Inflation
|
|
|
|
|
|
|
Gross
Real Inc
|
398,722
|
182,420
|
62,308
|
64,223
|
66,203
|
|
Total
Inc Tax
|
-142,650
|
-57,780
|
-17,188
|
-19,493
|
-21,718
|
|
Net
Real Income
|
256,072
|
124,640
|
45,120
|
44,730
|
44,485
|
|
|
|
|
|
|
|
Cur
Real Inc =
|
237,774
|
241,286
|
244,850
|
248,466
|
252,136
|
|
Purch
Power Drop
|
0
|
116,646
|
199,730
|
203,736
|
207,652
|
|
At
Infltn Rate Of
|
1
|
1
|
1
|
1
|
1
|
|
|
|
|
|
|
|
Cash
Flow
|
|
|
|
|
|
|
Idle
Cash On Hand
|
1,000
|
1,000
|
952
|
962
|
950
|
|
Norml
Cash Inflow
|
394,711
|
178,218
|
57,904
|
59,607
|
61,362
|
|
Assets
Sold
|
0
|
76,171
|
140,786
|
146,666
|
152,108
|
|
|
|
|
|
|
|
Norml
Cash Outflw
|
361,975
|
254,436
|
198,680
|
206,285
|
213,428
|
|
Cash
Invested
|
32,736
|
0
|
0
|
0
|
0
|
|
Cash
Balance
|
1,000
|
952
|
962
|
950
|
991
|
|
|
|
|
|
|
|
Net
Worth
|
|
|
|
|
|
|
Personal
Assets
|
1,328,481
|
1,367,244
|
1,407,266
|
1,448,506
|
1,491,077
|
|
Investment
Assets
|
4,641,000
|
4,817,741
|
4,915,753
|
5,012,284
|
5,107,658
|
|
|
|
|
|
|
|
Investmt
Liabilities
|
-87,270
|
-75,256
|
-62,627
|
-49,353
|
-35,399
|
|
|
|
|
|
|
|
Personal
Net Worth
|
1,328,481
|
1,367,244
|
1,407,266
|
1,448,506
|
1,491,077
|
|
Investment
Net Worth
|
4,553,730
|
4,742,485
|
4,853,126
|
4,962,931
|
5,072,259
|
|
Net
Worth
|
5,882,211
|
6,109,729
|
6,260,392
|
6,411,436
|
6,563,336
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F
I N A N C I A L S U M M A R Y
|
|
|
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
|
|
Gross
Real Income
|
|
|
|
|
|
|
Interest
Income
|
2,736
|
3,003
|
3,308
|
3,658
|
4,060
|
|
Dividends
Rcvd
|
4,452
|
5,975
|
8,023
|
10,778
|
14,485
|
|
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
|
|
BeachHouse
|
69,527
|
80,601
|
93,439
|
108,321
|
125,574
|
|
Municipal
Bonds
|
405
|
405
|
405
|
405
|
405
|
|
210,755
|
319,086
|
392,115
|
477,912
|
568,235
|
|
Income
& Inflation
|
|
|
|
|
|
|
Gross
Real Inc
|
210,755
|
319,086
|
392,115
|
477,912
|
568,235
|
|
Total
Inc Tax
|
-46,262
|
-73,560
|
-95,208
|
-117,689
|
-143,510
|
|
Net
Real Income
|
164,494
|
245,527
|
296,907
|
360,224
|
424,725
|
|
|
|
|
|
|
|
Cur
Real Inc =
|
271,315
|
291,952
|
314,159
|
338,055
|
363,769
|
|
Purch
Power Drop
|
106,821
|
46,425
|
17,252
|
0
|
0
|
|
At
Infltn Rate Of
|
1
|
1
|
1
|
1
|
1
|
|
|
|
|
|
|
|
Cash
Flow
|
|
|
|
|
|
|
Idle
Cash On Hand
|
965
|
987
|
1,000
|
1,000
|
1,000
|
|
Norml
Cash Inflow
|
204,594
|
311,189
|
381,931
|
464,703
|
551,014
|
|
Assets
Sold
|
47,386
|
3,413
|
0
|
0
|
0
|
|
|
|
|
|
|
|
Norml
Cash Outflw
|
251,958
|
314,630
|
377,884
|
449,323
|
532,785
|
|
Cash
Invested
|
0
|
0
|
4,047
|
15,380
|
18,230
|
|
Cash
Balance
|
988
|
959
|
1,000
|
1,000
|
1,000
|
|
|
|
|
|
|
|
Net
Worth
|
|
|
|
|
|
|
Personal
Assets
|
1,724,338
|
1,996,087
|
2,312,850
|
2,682,034
|
3,112,470
|
|
Investment
Assets
|
5,845,093
|
6,723,792
|
7,652,620
|
8,617,871
|
9,591,604
|
|
|
|
|
|
|
|
Personal
Net Worth
|
1,724,338
|
1,996,087
|
2,312,850
|
2,682,034
|
3,112,470
|
|
Investment
Net Worth
|
5,845,093
|
6,723,792
|
7,652,620
|
8,617,871
|
9,591,604
|
|
Net
Worth
|
7,569,431
|
8,719,879
|
9,965,470
|
11,299,904
|
12,704,073
|
|
|
