The above results are based on the following assumptions:
1. Given the complexity behind federal and state income taxes, we have not considered the effect of income taxes on current retirement savings balances, contributions, and withdrawals during retirement. As a result, the required savings may be significantly different from when taxes are accounted for.
2. Investment rate of return remains same throughout the plan period. In reality, investment returns could fluctuate widely depending on the economic environment and market conditions.
3. Inflation rate remains same throughout the plan period. The inflation rate also varies from year to year depending on the economic environment.
Important Disclosure:
For people who don't have a regular income, PFI is currently not a very good representative of their financial health and financial discipline.
The PFI
TM score and financial needs analysis based on the data you provided may not be sufficient for making financial decisions. OMYEN Corp. and its business partner organizations are not responsible for any direct or indirect consequences related to this analysis. It is strongly recommended that you consult a professional advisor before making any financial decisions.
