ÿþ<HTML> <HEAD> <TITLE>403(b) Savings Calculator</TITLE> <META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso8859-1"> <META NAME="description" CONTENT="Financial Calculators, ©1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net"> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <!-- Financial Calculators, ©1998-2008 KJE Computer Solutions, LLC. 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For more information please see: <A HREF="http://www.dinkytown.net">http://www.dinkytown.net</A> --> <H1>403(b) Savings Calculator</H1><P>403(b) plans are only available for employees of certain non-profit tax-exempt organizations: 501c(3) Corps, including colleges, universities, schools, hospitals, etc. If you are an employee of one of these organizations, a 403(b) can be one of your best tools for creating a secure retirement. <!--START_403B_MATCH-->It provides you with two important advantages. First, all contributions and earnings to your 403(b) are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 403(b) account which can range from 0% to 100% of your contributions. The combined result is a retirement savings plan you cannot afford to pass up.<!--END_403B_MATCH--><P><CENTER> <!--[if IE]><object name="calculator" classid="clsid:8AD9C840-044E-11D1-B3E9-00805F499D93" codebase="http://java.sun.com/update/1.6.0/jinstall-6-windows-i586.cab#Version=1,4,0,0" height="400" width="565"><param name="code" value="Retire403b" /><param name="archive" value="dinkytown.jar" /> <P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]--><![if !IE]><P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]></P><![if !IE]><APPLET name="calculator" code="Retire403b.class" align="baseline" WIDTH="565" HEIGHT="400" archive="dinkytown.jar"><![endif]> <PARAM name="MSG_SALARY_INCREASE" value="Annual salary increase"> <PARAM name="SHOW_SALARY_INCREASE" value="true"> <PARAM name="SALARY_INCREASE" value="0.0"> <PARAM name="MSG_INVESTMENT_FEE" value="Annual investment fee"> <PARAM name="SHOW_INVESTMENT_FEE" value="true"> <PARAM name="INVESTMENT_FEE" value="0.0"> <PARAM name="SHOW_403B_EMPLOYER_MATCH" value="true"> <PARAM name="CURRENT_AGE" value="30"> <PARAM name="AGE_OF_RETIREMENT" value="65"> <PARAM name="ANNUAL_SALARY" value="40000"> <PARAM name="CONTRIBUTE_PERCENT" value="10"> <PARAM name="CONTRIBUTE_MAXIMUM" value="11000"> <PARAM name="EMPLOYER_MATCH" value="0"> <PARAM name="EMPLOYER_MAX" value="0"> <PARAM name="STARTING_AMOUNT" value="1000"> <PARAM name="RATE_OF_RETURN" value="8"> <!--CUSTOM PARAMETERS--> <PARAM name="TEXT_FOR_REPORT" value="<HTML> <HEAD> <TITLE>403(b) Savings Calculator</TITLE> <META HTTP-EQUIV='Content-Type' CONTENT='text/html; charset=iso8859-1'> <META NAME='description' CONTENT='Financial Calculators, &QCPQ;1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net'> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <BODY bgcolor='#FFFFFF' LINK='#003399' VLINK='#666666' BGCOLOR='#FFFFFF'> <CENTER><table border=0 bgcolor='#000000' width=468 cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFDD' border=0 width=468 cellspacing=1 cellpadding=5><tr><td width='100%' align=center valign=middle><DIV class=large>403(b) Savings Calculator</DIV></td></tr></table></TD></TR></TABLE></CENTER> <H1>Your 403(b) could be worth TOTAL_AT_END_OF_INVESTMENT_WITHFEE after YEARS years. </H1>**GRAPH**<P>This includes your current contribution of CONTRIBUTE_ANNUAL per year and a starting 403(b) balance of STARTING_AMOUNT. Your current plan has you contributing CONTRIBUTE_PERCENT of your annual salary up to the IRS annual maximum of CONTRIBUTE_MAXIMUM. We also included your estimate of a SALARY_INCREASE salary increase per year and an annual investment fee of INVESTMENT_FEE. <!--START_403B_MATCH--><P>Your 403(b) total also includes an employer match of EMPLOYER_MATCH of your contributions up to EMPLOYER_MAX of your annual salary. Your current 403(b) plan has your employer contributing EMPLOYER_ANNUAL per year. To receive your employer's maximum match of EMPLOYER_DOLLARS you should contribute at least EMPLOYER_CALC_MAX of your annual salary to your 403(b). Without your employer's match your ending 403(b) would be reduced to NOMATCH_AT_END_OF_INVESTMENT.<!--END_403B_MATCH--> <P><CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD COLSPAN=2><CENTER><B>Results Summary</B></CENTER></TD></TR> <TR><TD><b>Current 403(b) balance </b> </TD><TD> STARTING_AMOUNT </TD></TR> <TR><TD><b>Years to invest </b> </TD><TD>YEARS </TD></TR> <TR><TD><b>Annual rate of return </b> </TD><TD> RATE_OF_RETURN </TD></TR> <TR><TD><b>Annual salary </b> </TD><TD> ANNUAL_SALARY</TD></TR> <TR><TD><b>Annual salary increase</b> </TD><TD> SALARY_INCREASE</TD></TR> <!--START_403B_CONTRIBUTE_PERCENT--><TR><TD><b>Percent to contribute</b> </TD><TD> CONTRIBUTE_PERCENT </TD></TR><!--END_403B_CONTRIBUTE_PERCENT--> <TR><TD><b>Your 403(b) contribution* </b> </TD><TD> CONTRIBUTE_ANNUAL per year</TD></TR> <!--START_403B_MATCH--><TR><TD><b>Your employer's 403(b) match </b> </TD><TD> EMPLOYER_ANNUAL per year<BR>This is a EMPLOYER_MATCH employer match up to a maximum of EMPLOYER_MAX of your annual salary.</TD></TR><!--END_403B_MATCH--> <TR><TD><b>Total you will contribute </b> </TD><TD> TOTAL_AMOUNT_YOU_HAVE_PAID_IN </TD></TR> <!--START_403B_MATCH--><TR><TD><b>Total your employer will contribute </b> </TD><TD> TOTAL_AMOUNT_EMPLOYER_PAID_IN </TD></TR><!--END_403B_MATCH--> <TR BGCOLOR='#CCCCCC'><TD valign=top><b>Total at age AGE_OF_RETIREMENT </b> </TD><TD><B>TOTAL_AT_END_OF_INVESTMENT_WITHFEE<BR>This total includes a INVESTMENT_FEE annual investment fee. Without this fee your total would have been TOTAL_AT_END_OF_INVESTMENT.</B></TD></TR> <!--START_403B_MATCH--><TR BGCOLOR='#CCCCCC'><TD valign=top><b>Total without employer match </b> </TD><TD><B>NOMATCH_AT_END_OF_INVESTMENT</B></TD></TR><!--END_403B_MATCH--> </TABLE></TD></TR></TABLE></CENTER><P class=footer>*Your total contribution for one year is based on your annual salary times the percent you contribute. However, your annual contribution is also subject to certain maximum total contributions per year. The annual maximum for 2010 remains at $16,500. If you are age 50 or over, a 'catch-up' provision allows you to contribute an additional $5,500 into your 403(b) account. It is also important to note that employer contributions do not affect an employee's maximum annual contribution limit. </P> <P><DIV class=large>403(b) Balance by Year</DIV> <HR SIZE=1> **REPEATING GROUP** <BR> <HR SIZE=1> <CENTER><P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER><br><br> </BODY> </HTML> "> <H1><CENTER>This Financial Calculator requires SUN's Java"! Plug-in. If you see this message you will need to download SUN's Java"! Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing  Install ActiveX Control . </CENTER></H1> <OL> You can also get SUN's Java"! Plug-in here: <A href="http://www.java.com/en/download/download_the_latest.jsp" target=_blank><b>Get the Java"! Plug-in!</b></A> <P>For more information about this Plug-in please visit: <A href="http://www.dinkytown.net/money/sunjvm.html" target=_blank><b>SUN's Java"! Plug-in</b></A> <BR>For more information these financial calculators please visit: <A href="http://www.dinkytown.net" target=_blank><b>Financial Calculators from KJE Computer Solutions, LLC</b></A> </OL><!--[if IE]></OBJECT><![endif]--><![if !IE]></APPLET><![endif]> </CENTER><CENTER><SCRIPT>document.write(showbuttons())</SCRIPT> </CENTER> <H1>Definitions</H1><P><TABLE align='center' WIDTH="95%"><TR><TD><DL><!--DEFN_START--> <!--START_403B_CONTRIBUTE_AMOUNT<DT><B>Monthly amount to contribute</B><DD>This is the amount that you contribute to your 403(b) plan each year. Participants can contribute any dollar amount so long as the total for the year doesn't exceed their annual income or the 403(b) annual limit.<P>END_403B_CONTRIBUTE_AMOUNT--> <!--START_403B_CONTRIBUTE_PERCENT--><DT><B>Amount to contribute</B><DD>This is the amount that you contribute to your 403(b) plan each year. Participants can contribute up to 100% of their annual income, subject to an annual maximum.<P><!--END_403B_CONTRIBUTE_PERCENT--> <DT><B>Annual salary</B><DD>This is your annual salary from your employer before taxes and other benefit deductions. Since your contribution and any company match are based on the salary paid to you by your employer, do not include any income you may receive from sources other than your employer.<P> <DT><B>Current age</B><DD>Your current age.<P> <DT><B>Age of retirement</B><DD>Age you wish to retire. This calculator assumes that the year you retire, you do not make any contributions to your 403(b). So if you retire at age 65, your last contribution happened when you were actually 64.<P> <DT><B>Current balance</B><DD>The starting balance or current amount you have invested or saved in your 403(b).<P> <DT><B>Annual rate of return</B><DD>The annual rate of return for your 403(b) account. This calculator assumes that your return is compounded annually and your deposits are made monthly. The actual rate of return is largely dependent on the type of investments you select. For example, from December 1999 to December 2009, the average annual compounded rate of return for the S&P 500 was -0.6%, including reinvestment of dividends. From January 1970 to December 2009, the average annual compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 10.1% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a bank may pay as little as 1% or less but carry significantly lower risk of loss of principal balances.<P>It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that funds and/or investment companies may charge.<P> <DT><B>Annual salary increase</B><DD>The annual rate you expect your salary to increase. We assume that your salary will continue to increase at this rate until you retire.<P> <DT><B>Annual Investment Fee</B><DD>This is an annual fee based on the balance of the account.<P> <!--START_403B_MATCH--><DT><B>Employer match</B><DD>An employer match is in addition to your annual contributions. It is based on a percentage of your annual contributions. This range can be anywhere from 0% to 100%. An employer match is usually only for a limited portion of your salary. Please read the definition for "Employer maximum" for a detailed description.<P> <DT><B>Employer maximum</B><DD>This is the maximum percent of your salary matched by your employer regardless of the amount you decide to contribute. For example, let's assume your employer has a 50% match, up to a maximum of 6% of your annual salary. If you have an annual salary of $25,000 and contribute 6%, your annual contribution is $1500. With a 50% match, your employer will add another $750 to your 403(b) account. If you increase your contribution to 10%, your annual contribution is $2500 per year. Your employer match, however, is limited to the first 6% of your salary and remains at $750. <P><!--END_403B_MATCH--> <DT><B>Annual contribution limits</B><DD>Your total contribution for one year is based on your annual salary times the percent you contribute. However, your annual contribution is also subject to certain maximum total contributions per year. The annual maximum for 2010 remains at $16,500. If you are age 50 or over, a "catch-up" provision allows you to contribute an additional $5,500 into your 403(b) account. It is also important to note that employer contributions do not affect an employee's maximum annual contribution limit. <P>In addition, an additional catch-up provision for participants that did not participate in the plan earlier in their tenure may be available. These special catch-up provisions are subject to length of employment and other contribution rules. Determining your maximum contribution based on these additional catch-up provisions is beyond the scope of this calculator. </DL> <!--DEFN_END--></DL></TD></TR></TABLE> <BR> <HR SIZE=1> <CENTER> <P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER> <BR> </BODY> </HTML>