Example Application Response

Thank you for requesting example 1417Power programs for Sandy. The example plans are provided to help you see the cost and benefit of the 1417Power program. Custom plans can be designed to meet your specific goals, and budget.


Name: Sandy                DOB:       02/24/2012         Plan Evaluation Date:     10/13/2015
First Payment due date:                               11/01/2015                              
Start date for Student Employee Sandy e-learn / work:                 03/01/2026

Monthly Payment Plan:

Example Plan

Roth IRA Calculated Value at Age 67*
(amount for each)

Number of Months Attendance

Take Home Pay Total **

Monthly Payment Amount

Number of Monthly Payments

Low Cost

$377,000 - $473,000

12

$144 - $168

$18.18

132

Million Dollar Goal

$1,026,000 - $1,305,000

24

$396 - $717

$43.33

144

Maximum IRA Contribution

$3,079,000 - $4,013,000

36

$1,881 - $2,389

$110.77

156

* The Roth IRA value is calculated based on the account earning the S&P 50 year average of 11.5% annually. The higher value of the range represents the potential when maximum credits are applied. Credits are awarded for successful referrals, and may be awarded from our survey business revenue share program.
** The lowest take home pay is if you do not qualify for any credits. The higher take home pay is for maximum credits.
If you have already funded a 529 education program you may want to evaluate converting a portion of your 529 program funds to make a lump sum prepayment to achieve additional discounts, and eliminate or decrease your monthly payment amount.
We are looking forward to working with you to make the dream of retirement self-security for your child a reality.

Regards,


The 1417Power customer service team.
615.377.8558