Keller & Lebovic, CPAs
26-01 Broadway
Fair Lawn, New Jersey 07410


Financial Planning

Discover the magic of compounding!

If you could have one of the following as your pay for thirty days' work, which would you choose? (A) $10,000, or (B) a penny the first day, two cents the second day, four cents the third day, eight cents the fourth day, and so on, with each day doubling on out to thirty days.

The $10,000 sounds very attractive, but the fact is that the penny doubled each day for thirty days adds up to over five million dollars. Of course, that is 100% interest compounded daily, a rate not available to most of us working folk. Nevertheless, this example shows you the power of compounding on your investment earnings.

Here are some easy-to-use calculators.

You can get rough answers to your financial questions by using the following calculators and making a few estimates on your part. If we can be of assistance or answer questions for you, please call us.

College Funding: Do you know how much you need to set aside to fund a college education for your child? Education Funding Calculator
Retirement: How much must you save each month for your retirement? Retirement Calculator
Your IRA: What will your Individual Retirement Account (IRA) be worth when you get ready to start drawing on it? IRA Calculator
Roth IRA: How does a Roth IRA compare to a traditional IRA? Roth Calculator
Home Purchase: How much house can you afford? Home Loan Calculator
Mortgage: What will your mortgage payment be? Mortgage Calculator
Mortgage or Investments: Should you prepay your mortgage or invest the extra money? Financial Calculator
Mortgage Interest: What is the actual interest rate on a mortgage? Interest Calculator
Savings: What will your savings grow to? Savings Calculator
Loans: How do you calculate loan repayment? Loan Calculator
Prepayment: How do you calculate prepaying a loan, paying off credit card balances, etc? Prepayment Calculator
Loan Payment: What payment is needed for different loan amounts or different interest rates? Loan Comparison Calculator

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The information contained in this site is general in nature. All attempts have been made to keep it as current as possible as tax laws are constantly being revised. We therefore suggest that you do not act upon this information without consulting a tax professional as your situation may be different or tax laws may have changed.

Thank you for visiting our website. Please return often for the latest tips on how to keep more of what you make.