. Based on your retirement contributions being taxed deferred, and your business expenses being taxed deducted, how much would you be paying in federal and state income taxes? 2021 TAX TYPE MARGINAL TAX EFFECTIVE TAX RATE RATE TAXES FEDERAL FICA STATE LOCAL TOT INCOME TAXES INCOME AFTER TAXES TAKE-HOME PAY . Based on your current age your goal is to work until you can collect full Social Security income at age 67. You also want to generate at least $125,000 per year ($10,417 per month) in passive income for 25 years after you stop working. How much money would you need to have accumulated by age 67? $ . Your Company Retirement Plan 401k Invest in Mutual Funds. . A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund's assets and attempt to produce capital gains or income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus. . Based on your retirement contributions being taxed deferred, and your business expenses being taxed deducted, how much would you be paying in federal and state income taxes? 2021 TAX TYPE MARGINAL TAX EFFECTIVE TAX RATE RATE TAXES FEDERAL FICA STATE LOCAL TOT INCOME TAXES INCOME AFTER TAXES TAKE-HOME PAY . Based on your current age your goal is to work until you can collect full Social Security income at age 67. You also want to generate at least $125,000 per year ($10,417 per month) in passive income for 25 years after you stop working. How much money would you need to have accumulated by age 67? $ . Your Company Retirement Plan 401k Invest in Mutual Funds. . A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund's assets and attempt to produce capital gains or income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus