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Cambridge Financial Partners, LLC

Tax Planning - Insurance - Alternative Investments

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Cambridge Financial Partners, LLC
1825 Ponce de Leon Blvd Unit 526
Coral Gables, FL 33134
Phone: (786) 766-1042
Fax: (786) 221-3166
Bert.Salazar @CambridgeFPLLC.com
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Printed from: www.cambridgefpllc.com
  • Cambridge Financial Partners, LLC
  • 1825 Ponce de Leon Blvd Unit 526, Coral Gables, FL 33134
  • (786) 766-1042 | Bert.Salazar@CambridgeFPLLC.com

Lifetime Earnings

How Much Will You Earn During Your Career?

The Society for Human Resource Managers reports average base pay increases in 2013 will be 3% on average, about one percentage point below pre-recession levels.

Would it surprise you to learn that you may earn a million dollars or more over the course of your working career? Consider this. If you were to earn $75,000 now and plan to work for 20 more years, you could earn more than $2 million during your career, assuming an average annual raise of 3%. This calculator is designed to help you attach a dollar figure to your life’s work.

The U.S. Census Bureau announced that real median household income was $51,017 in 2012.

 

The figure below shows the total income you could earn from this point forward in your working career based on the information you provided. As you can see, you could earn a substantial amount of money over the course of your lifetime. When you look at the big picture and see how much money can pass through your hands over a lifetime, the need for sound financial management becomes clear.

Your Results

Current annual income: $0
Expected percentage annual raises: 0%
Current age: 0
Expected retirement age: 0
Total lifetime earnings based on the above information: $0

The chart below shows how much you could expect to earn each year between now and retirement based on the information you provided. Try changing one or more variables to see how you could alter your lifetime earnings.

Year by Year Earnings

 

This hypothetical example is used for illustrative purposes only. Actual results will vary.

The information in this calculator is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Emerald Connect, LLC.
© 2019 Emerald Connect, LLC. All Rights Reserved.

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About Us

  • Our Mission Statement
  • Our Associates
  • Our Location
  • Our Firm
  • Our Services
  • Our Qualifications
  • Cambridge Capital Management System
  • Camelot International Group, LLC
  • Economic White Papers
  • Economic Podcasts
  • Tell A Friend
  • Tax Planning and Accounting Services
  • Tax-Preferred Retirement

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  • Tax Library

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Market Watch

Last Closing Prices

Ticker Name Percent Difference (when noted with %) otherwise Last Price Difference (where applicable)
Dow Jones Industrials 24,706.35 +1.38%
Nasdaq Composite 7,157.23 +1.03%
NYSE Composite 12,151.78 +1.31%
AMEX Composite 2,479.23 +0.28%

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Contact Us

Cambridge Financial Partners, LLC
1825 Ponce de Leon Blvd Unit 526
Coral Gables, FL 33134
Phone: (786) 766-1042
Fax: (786) 221-3166
Bert.Salazar @CambridgeFPLLC.com
Map and Directions
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