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<html xmlns="http://www.w3.org/1999/xhtml">

<head><script Language='JavaScript'>
//*******************************************
//DO NOT REMOVE THIS COPYWRITE INFO!
//401(k) IRA Rollover Calculator
//2008 Daniel C. Peterson ALL RIGHTS RESERVED
//Created: 03/11/2008
//Last Modified: 04/03/2009
//This script may not be copied, edited, distributed or reproduced
//without express written permission from
//Daniel C. Peterson of Web Winder Website Services
//For commercial use rates, contact:
//Dan Peterson:
//Web Winder Website Services
//P.O. Box 11
//Bemidji, MN  56619
//dan@webwinder.com
//http://www.webwinder.com
//Commercial User Licence #:7579-1662-157-1580
//Commercial Licence Date:2013-07-13
//*******************************************



function FVsingleDep(prin, intRate, numMonths, numCompPerYr) {

var i = 0;
var intEarn = 0;
var singleFV = prin;

intRate /= 100;

if(numCompPerYr == "" || numCompPerYr == 0) {
   numCompPerYr = 12;
}
intRate /= numCompPerYr;

var numPeriods = numMonths / 12 * numCompPerYr;

singleFV = Math.pow((eval(1) + eval(intRate)), numPeriods) * singleFV;

return singleFV;

}



function fn(num, places, comma) {

var isNeg=0;

    if(num < 0) {
       num=num*-1;
       isNeg=1;
    }

    var myDecFact = 1;
    var myPlaces = 0;
    var myZeros = "";
    while(myPlaces < places) {
       myDecFact = myDecFact * 10;
       myPlaces = Number(myPlaces) + Number(1);
       myZeros = myZeros + "0";
    }
    
	onum=Math.round(num*myDecFact)/myDecFact;
		
	integer=Math.floor(onum);

	if (Math.ceil(onum) == integer) {
		decimal=myZeros;
	} else{
		decimal=Math.round((onum-integer)* myDecFact)
	}
	decimal=decimal.toString();
	if (decimal.length<places) {
        fillZeroes = places - decimal.length;
	   for (z=0;z<fillZeroes;z++) {
        decimal="0"+decimal;
        }
     }

   if(places > 0) {
      decimal = "." + decimal;
   }

   if(comma == 1) {
	integer=integer.toString();
	var tmpnum="";
	var tmpinteger="";
	var y=0;

	for (x=integer.length;x>0;x--) {
		tmpnum=tmpnum+integer.charAt(x-1);
		y=y+1;
		if (y==3 & x>1) {
			tmpnum=tmpnum+",";
			y=0;
		}
	}

	for (x=tmpnum.length;x>0;x--) {
		tmpinteger=tmpinteger+tmpnum.charAt(x-1);
	}


	finNum=tmpinteger+""+decimal;
   } else {
      finNum=integer+""+decimal;
   }

    if(isNeg == 1) {
       finNum = "-" + finNum;
    }

	return finNum;
}




function sn(num) {

   num=num.toString();


   var len = num.length;
   var rnum = "";
   var test = "";
   var j = 0;

   var b = num.substring(0,1);
   if(b == "-") {
      rnum = "-";
   }

   for(i = 0; i <= len; i++) {

      b = num.substring(i,i+1);

      if(b == "0" || b == "1" || b == "2" || b == "3" || b == "4" || b == "5" || b == "6" || b == "7" || b == "8" || b == "9" || b == ".") {
         rnum = rnum + "" + b;

      }

   }

   if(rnum == "" || rnum == "-") {
      rnum = 0;
   }

   rnum = Number(rnum);

   return rnum;

}

function computeForm(form) {

      if(document.calc.balance.value.length == 0 || document.calc.balance.value == 0) {
         alert("Please enter the balance of your plan.");
         document.calc.balance.focus();
      } else 
      if(document.calc.cur_age.value.length == 0 || document.calc.cur_age.value == 0) {
         alert("Please enter your current age.");
        document.calc.cur_age.focus();
      } else
      if(document.calc.ret_age.value.length == 0 || document.calc.ret_age.value == 0) {
         alert("Please enter the age you expect to retire at.");
         document.calc.ret_age.focus();
      } else
      if(document.calc.fed_tax.value.length == 0 || document.calc.fed_tax.value == 0) {
         alert("Please enter your federal tax rate percentage.");
         document.calc.fed_tax.focus();
      } else
      if(document.calc.state_tax.value.length == 0) {
         alert("Please enter your state tax rate percentage. If none, enter 0 (zero).");
         document.calc.state_tax.focus();
      } else
      if(document.calc.roi.value.length == 0 || document.calc.roi.value == 0) {
         alert("Please enter expected annual rate of return.");
         document.calc.roi.focus();
      } else {

         var v_balance = sn(document.calc.balance.value);
         var v_cur_age = sn(document.calc.cur_age.value);
         var v_ret_age = sn(document.calc.ret_age.value);
         var v_fed_tax = sn(document.calc.fed_tax.value);
         var v_state_tax = sn(document.calc.state_tax.value);
         var v_roi = sn(document.calc.roi.value);

         if(v_cur_age > v_ret_age) {
            alert("Your retirement age must be greater than your current age.");
            document.calc.ret_age.focus();
         } else 
         if(v_state_tax > 12) {
            alert("Your state tax percentage must be less than 12%.");
            document.calc.state_tax.focus();
         } else {


            var v_sum_cur_pre_tp_val = v_balance;
            document.calc.sum_cur_pre_tp_val.value = "$" + fn(v_sum_cur_pre_tp_val,2,1);

            var v_rol_cur_pre_tp_val = v_balance;
            document.calc.rol_cur_pre_tp_val.value = "$" + fn(v_rol_cur_pre_tp_val,2,1);


            var v_sum_penalty = v_sum_cur_pre_tp_val * .10;
            document.calc.sum_penalty.value = "$" + fn(v_sum_penalty,2,1);

            var v_rol_penalty = 0;
            document.calc.rol_penalty.value = "$" + fn(v_rol_penalty,2,1);


            var v_tot_tax_rate = Number(v_fed_tax) + Number(v_state_tax);
            var v_tot_tax_perc = v_tot_tax_rate / 100;

            var v_sum_tax_paid = v_sum_cur_pre_tp_val * v_tot_tax_perc;
            document.calc.sum_tax_paid.value = "$" + fn(v_sum_tax_paid,2,1);

            var v_rol_tax_paid = 0;
            document.calc.rol_tax_paid.value = "$" + fn(v_rol_tax_paid,2,1);


            var v_sum_left_now = Number(v_sum_cur_pre_tp_val) - Number(v_sum_penalty) - Number(v_sum_tax_paid);
            document.calc.sum_left_now.value = "$" + fn(v_sum_left_now,2,1);

            var v_rol_left_now = Number(v_rol_cur_pre_tp_val);
            document.calc.rol_left_now.value = "$" + fn(v_rol_left_now,2,1);


            var v_ret_yrs = Number(v_ret_age) - Number(v_cur_age);
            var v_ret_months = v_ret_yrs * 12;
            var v_ret_rate = (Number(100) - Number(v_tot_tax_rate)) / 100 * v_roi;


            var v_sum_fv_bt = FVsingleDep(v_sum_left_now, v_ret_rate, v_ret_months, 1)
            document.calc.sum_fv_bt.value = "$" + fn(v_sum_fv_bt,2,1);

            var v_rol_fv_bt = FVsingleDep(v_rol_left_now, v_roi, v_ret_months, 1)
            document.calc.rol_fv_bt.value = "$" + fn(v_rol_fv_bt,2,1);


            var v_sum_fv_taxes = 0;
            document.calc.sum_fv_taxes.value = "$" + fn(v_sum_fv_taxes,2,1);

            var v_rol_fv_taxes = v_rol_fv_bt * v_tot_tax_perc;
            document.calc.rol_fv_taxes.value = "$" + fn(v_rol_fv_taxes,2,1);


            var v_sum_fv_net = v_sum_fv_bt;
            document.calc.sum_fv_net.value = "$" + fn(v_sum_fv_net,2,1);

            var v_rol_fv_net = Number(v_rol_fv_bt) - Number(v_rol_fv_taxes);
            document.calc.rol_fv_net.value = "$" + fn(v_rol_fv_net,2,1);

         }


      }

}

function clear_results(form) {

   document.calc.sum_cur_pre_tp_val.value = "";
   document.calc.rol_cur_pre_tp_val.value = "";
   document.calc.sum_penalty.value = "";
   document.calc.rol_penalty.value = "";
   document.calc.sum_tax_paid.value = "";
   document.calc.rol_tax_paid.value = "";
   document.calc.sum_left_now.value = "";
   document.calc.rol_left_now.value = "";
   document.calc.sum_fv_bt.value = "";
   document.calc.rol_fv_bt.value = "";
   document.calc.sum_fv_taxes.value = "";
   document.calc.rol_fv_taxes.value = "";
   document.calc.sum_fv_net.value = "";
   document.calc.rol_fv_net.value = "";

}</script>

<meta content="text/html; charset=unicode" http-equiv="Content-Type" />
<title>401(k) IRA Rollover Calculator</title>
<link href="../css/csstablestyle.css" rel="stylesheet" type="text/css" />
<style type="text/css">
.auto-style1 {
	text-align: center;
}
</style>
</head>

<body>
<form name="calc" method="post" action="#">

<table>
<tbody>

<caption> 401(k) IRA Rollover Calculator</caption>
<tr>
<td colspan="3">
<font face='arial' size='2' color='#000000'>
This calculator will compare the consequences of taking a lump-sum distribution of your 401(k) or IRA versus continuing to save it in (or roll it into) a tax-deferred account until retirement.
<p>
<b>Assumptions:</b> Contributions to plans are made before taxes, federal and state income tax rates are the same at retirement age, and the plan withdrawels are qualified withdrawels under the IRS rules.
</p>
</font> 
</td>
</tr>

<tr>
<td style="height: 29px">
Current balance of your plan ($):
</td>
<td style="height: 29px">
<input type="text" name="balance" size="15" value="1000" onKeyUp="clear_results(this.form)" />
</td>
</tr>

<tr>
<td>
Current age (#):
</td>
<td>
<input type="text" name="cur_age" size="15" value="29" onKeyUp="clear_results(this.form)" />
</td>
</tr>

<tr>
<td>
Age you expect to retire (#):
</td>
<td>
<input type="text" name="ret_age" size="15" value="65" onKeyUp="clear_results(this.form)" />
</td>
</tr>

<tr>
<td>
Federal income tax bracket (%):
</td>
<td>
<input type="text" name="fed_tax" size="15" value="25" onKeyUp="clear_results(this.form)" />
</td>
</tr>

<tr>
<td>
State income tax rate (%):
</td>
<td>
<input type="text" name="state_tax" size="15" value="5" onKeyUp="clear_results(this.form)" />
</td>
</tr>

<tr>
<td>
Expected annual rate of return (%):
</td>
<td>
<input type="text" name="roi" size="15" value="8" onKeyUp="clear_results(this.form)" />
</td>
</tr>

<tr>
<td align="center" bgcolor='#f7efc9' colspan="3">
<input type="button" value="Calculate" onClick="computeForm(this.form)" />
<input type="reset" value="Reset" />
</td>
</tr>
<tr>
<td>
Results
</td>
<td class="auto-style1" >
Lump-Sum<br />Distribution
</td>
<td class="auto-style1" style="width: 120px">
Rollover<br />to<br />Tax-Deferred
</td>
</tr>

<tr>
<td>
Current value before taxes and penalties:
</td>
<td>
<input type="text" name="sum_cur_pre_tp_val" size="15" />
</td>
<td style="width: 120px">
<input type="text" name="rol_cur_pre_tp_val" size="15" />
</td>
</tr>

<tr>
<td>
Penalties:
</td>
<td>
<input type="text" name="sum_penalty" size="15" />
</td>
<td style="width: 120px">
<input type="text" name="rol_penalty" size="15" />
</td>
</tr>

<tr>
<td>
Income tax paid:
</td>
<td>
<input type="text" name="sum_tax_paid" size="15" />
</td>
<td style="width: 120px">
<input type="text" name="rol_tax_paid" size="15" />
</td>
</tr>

<tr>
<td>
Total left now:
</td>
<td>
<input type="text" name="sum_left_now" size="15" />
</td>
<td style="width: 120px" >
<input type="text" name="rol_left_now" size="15" />
</td>
</tr>

<tr>
<td>
Future value before taxes:
</td>
<td>
<input type="text" name="sum_fv_bt" size="15" />
</td>
<td style="width: 120px">
<input type="text" name="rol_fv_bt" size="15" />
</td>
</tr>

<tr>
<td>
Future taxes to be paid:
</td>
<td >
<input type="text" name="sum_fv_taxes" size="15" />
</td>
<td style="width: 120px">
<input type="text" name="rol_fv_taxes" size="15" />
</td>
</tr>

<tr>
<td>
Future net available:
</td>
<td>
<input type="text" name="sum_fv_net" size="15" />
</td>
<td style="width: 120px">
<input type="text" name="rol_fv_net" size="15" />
</td>
</tr>



</tbody>
</table>
</form>
<p class="calcdisclaimer">THIS FINANCIAL CALCULATOR IS PROVIDED "AS IS" AND ON "AS AVAILABLE" BASIS WITHOUT&nbsp; 
REPRESENTATIONS OR WARRANTIES OF ANY KIND EITHER EXPRESS OR IMPLIED, INCLUDING WITHOUT 
LIMITATION WARRANTIES OF SUITABILITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND 
NON-INFRINGEMENT. Newport Federal Bank&nbsp;assumes no duty to you by making this calcuator available and shall not be 
responsible for any errors, omissions or defects in this calculator or the consequences of any decisions or actions taken in reliance upon this 
calculator. Newport Federal Bank shall not be liable under any circumstances for lost profits, lost business, loss of business reputation, or 
any direct, indirect, incidental, special, punitive or consequential damages of any kind, whether foreseeable or not, the result in any way from, or 
relate in any way to, your use, non-use or reliance on this calculator. Your sole and exclusive remedy for any claim related to this calculator is to 
stop using it.</p>
</body>

</html>