How Much Estate Tax Will You Pay?

Me pay estate tax? No way, you say? Don't be so sure! In 20 or 30 years when your IRA or 401(k) grows really big and you have that $250,000 life insurance policy to protect the family. How many people will be "estate millionaires" in 20 or 30 years? It will be a middle class phenomenon. Let's just hope they increase the unified credit by then. Stick in the numbers and see for yourself. Remember, unless you use a trust your life insurance proceeds are added to your estate and may get hit with the estate tax.
Current IRA/401(k) Balance
IRA/401(k) Yield
IRA/401(k) Contributions/Year
After-Tax Investments
After-Tax Yield
After-Tax Contributions/Year
Life Insurance Face Value
Home Market Value
Mortgage Balance
Years Remaining of Mortgage
Mortgage Payment (Prin + Int)
Mortgage Interest Rate (%)
House Appreciation (%)
Cash/Checking Balance
Personal Property
Automobile Value
Automobile Loan Balance
Inflation

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