Key Points
References
| Reference_description_with_linked_URLs_______________________ | Notes______________________________________________________________ |
|---|---|
| AMSGPSL LIFE - Plan Your Life | |
| m Work | |
| AMSGPSL - Grow concepts | |
| AMSGPSL - Affordable College Options | |
| AMSGPSL - Make - Wages - Work | |
| m Life | |
Key Concepts
10 Things in Life That Don't Require Skill or Money
Potential Value Opportunities
Money Management Concepts Slides
Retirement Plan Contribution Options - IRA / Roth IRA / After-Tax contributions
Roth Contribution Limits
Fidelity > 2024 Roth Contribution Limits
| Filing status | Modified adjusted gross income (MAGI) | Contribution limit |
| Single individuals | < $146,000 | $7,000 |
| ≥ $146,000 but < $161,000 | Partial contribution (calculate) | |
| ≥ $161,000 | Not eligible | |
| Married (filing joint returns) | < $230,000 | $7,000 |
| ≥ $230,000 but < $240,000 | Partial contribution (calculate) | |
| ≥ $240,000 | Not eligible | |
| Married (filing separately)* | Not eligible | $7,000 |
| < $10,000 | Partial contribution (calculate) | |
| ≥ $10,000 | Not eligible |
Theoretical Roth Growth Opportunity
Assume flat $7000 per year Roth after tax contribution INVESTED EVERY YEAR for 35 years
Roth Account Growth Example 1 - Assume 9% growth annually in portfolio value for 35 years
- Assume a 9% dividend per year payout average ( eg ET )
- Assume a SMALL dividend growth rate ( eg ET ) of 2% per year
- Assume inflation rate goes back to average of 3% per year ( VOTE SMARTER !! )
- Result = net tax free rate of return of 8% per year
( The average yearly return of the S&P 500 is 11.13% over the last 50 years, as of the end of December 2023. This assumes dividends are reinvested. Adjusted for inflation, the 50-year average stock market return (including dividends) is 6.99%. )
The Growth in Roth account is tax free
https://www.calculator.net/future-value-calculator.html
At 9% the end balance generates an ANNUAL TAX FREE INCOME STREAM of $117,000 in today's dollars
What is the actual inflation rate discount for 35 years ? maybe 3% per year IF you vote for a GOOD President — what you have for the last 20 years is bad
Potential Challenges
Candidate Solutions
Step-by-step guide for Example
sample code block