From: owner-persfin-digest@lists.xmission.com (persfin-digest) To: persfin-digest@lists.xmission.com Subject: persfin-digest V5 #123 Reply-To: persfin Sender: owner-persfin-digest@lists.xmission.com Errors-To: owner-persfin-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes persfin-digest Monday, January 24 2000 Volume 05 : Number 123 In this issue of the Personal Finance Digest: Re: 401(k) limits Job change - 403(b) to 401(k) and limits Inflation Calculator The messages posted to the Persfin-Digest are opinions and are not intended to substitute for qualified professional advice. Subscribers should seek the services of qualified professionals for such advice. The publisher, Internet provider, and Digest contributors cannot be held responsible for any loss incurred as a result of the application of any of the information provided here. To ask questions or provide answers, send your email to "persfin-digest@lists.xmission.com". Also, you can "reply" to the persfin-digest and your email tool should fill in the same address. However, if you "reply", be sure to edit the subject field in your email to reflect your topic. Copyright (c) 1999, Jeff Salisbury POSTED SUBSCRIPTION FEE: $20/year. Payment is optional. You will not be billed. The Digest is available to all subscribers, whether or not they pay. I do not discriminate either in favor of paying subscribers or against nonpaying subscribers. If you feel that the information presented here is worth the fee, and you feel comfortable paying it, send cash, check, or money order (U.S. funds), payable to "Jeff Salisbury", to: Jeff Salisbury 65 North 1300 East Logan, Utah 84321 Payment will be acknowledged by e-mail if you include an e-mail address. Subscribe: e-mail majordomo@xmission.com, text: subscribe persfin-digest Unsubscribe: e-mail majordomo@xmission.com, text: unsubscribe persfin-digest ---------------------------------------------------------------------- Date: Thu, 13 Jan 2000 18:52:02 -0500 From: Rich Carreiro Subject: Re: 401(k) limits >>What are the limits for 401K contributions? There is ^^^^^^^^^^^^^^^^^^ >>For 2000, the absolute hard limit is $10,500 (up from $10,000 in >>1999). This is set by law. Only your own 401(k) contributions count >>toward this limit. > >This is not correct... No, it is correct. >if you have a paired Profit Sharing and Money >Purchase Plan, both Keogh and if you make over $120,000 per year, you can >sock away $30,000 per year... that is the max. I'm sure that's true of Keogh plans, but Keogh plans are not 401(k) plans and are subject to different rules. Rich Carreiro rlcarr@animato.arlington.ma.us - - ------------------------------ Date: Thu, 13 Jan 2000 18:12:17 -0600 From: Rupal Agrawal Subject: Job change - 403(b) to 401(k) and limits I am curious how limits on retirement plan contributions are determined if one moves from a non-profit to a for-profit organization? Say, can I contribute $8000 to my 403(b) and then change jobs and contribute an additional $10000 to my new 401(k)? Is this something the individual needs to worry about or will the organizations handle it (I think not!)? Thanks RA - - ------------------------------ Date: Mon, 24 Jan 2000 15:08:56 -0500 From: David Hodges Subject: Inflation Calculator I work at a Web Development House. We have a client to wants to put a number of financial calculators on their web site. Most of them, like a loan payment schedule and a present value calculator I think I know how to do. But they want a simple inflation calculator. The client puts in the starting year, starting amount, and ending year, and the calculator shows the ending amount as adjusted by inflation. So here are my questions: 1. Where can I get a table of annualized CPI data that shows the percent change from year to year, going back, say, 100 years? 2. When I have the CPI per cent change from year to year, is the calculation as simple as, for any given year, multiplying the current dollar amount by 1 minus the CPI per cent change for that year? I.E. if X = the dollar amount I had at the beginning of the year C = CPI percent change for the year (as a decimal number) Y = the dollar amount I have left at the end of the year adjusted for inflation THEN Y = X * (1 - C) Or am I missing something? Thanks, David - - ------------------------------ End of persfin-digest V5 #123 ***************************** - To unsubscribe to persfin-digest, send an email to "majordomo@xmission.com" with "unsubscribe persfin-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.