Pulling about 11k out of my 401K :) Need help on a
This is a discussion on Pulling about 11k out of my 401K :) Need help on a within the LT1 forums, part of the Vehicle Specific category; Originally Posted by 35th-ANV-SS I can't believe no one has told the OP how pulling $11K out of his 401K ...
04-21-2010, 08:06 AM #21
- Join Date
- Jul 2009
- Germantown, Maryland
'02 White, '95 Black
- '02 Camaro B4C, '95 9C1
Sit down and run the numbers on what $11K would be worth at an average of 8% per year for 25 years. Whatever number you come up with. . . That will be the true cost of this dumb ass motor upgrade you wanna do.
And oh. . . Add the extra tax bite to that total too.
Never mind. . . I ran the numbers for you. The future value of that $11K (25 years down the road) is:
$80,741.94 !!! Now you can add the tax bite to that.
Last edited by Ripinator; 04-21-2010 at 08:18 AM.
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