Joshua Laxson, CFP®, CRPC®
Financial Advisor
Laxson Financial Group, LLC
1461 Gateway Drive
Opelika, AL 36801
Tel: (334) 737-5051
Fax: (877) 669-0240
👤 Personal & Income
If you know your hourly rate and hours worked, choose hourly wage.
Enter your yearly pay. Switch to hourly if you prefer rate/hour inputs.
Choose how many paychecks you receive per year.
Choose your current tax filing status to unlock a Roth vs Pre-Tax recommendation.
If you're unsure, 62 is a common planning age and a good starting point.
Need help with savings targets?
Use the quick-start defaults to see your contribution impact instantly. Advanced settings are optional and available when you want to fine-tune tax, budget, or investment assumptions.
⚙️ Contribution Strategy
Roth: 0%
Pre-Tax: 6%
Allocate your retirement contribution between Pre‑Tax and Roth.
Percentage of your contribution employer matches.
Max percent of your salary matched.
🛠️ Advanced Settings
📅 Timeline & Budgeting
When you expect to claim Social Security.
Target age for retirement planning timeline.
Used for purchasing power adjustments.
Used only when "Flat annual budget" is selected.
⚖️ Taxes & HSA
Estimated state income tax rate.
Projected annual raise rate.
Reduces estimated taxable retirement income by standard deduction.
Determines taxable income basis. Safe Withdrawal Rate (SWR) captures RMD/wealth tax risks.
Adjusts gross portfolio withdrawals downward to reflect tax-free Roth income.
🔄 Roth Conversion Simulation
One-time amount to convert from Pre-Tax to Roth.
Age at which to execute this conversion.
📈 Investment Strategy & Return Assumptions
Annual return before retirement.
Model portfolio for retirement phase.
Annual return during retirement.
Model Asset Allocation (Glide Path)
Pre-Retirement Allocation (7.0%)
📈 Stocks: 50%
📊 Bonds: 50%
💵 Cash: 0%
In-Retirement Allocation (5.0%)
📈 Stocks: 0%
📊 Bonds: 100%
💵 Cash: 0%
Summary
Focus on the fastest path to retirement savings first. Adjust your Roth/Pre-Tax split
only if you want a more tailored tax strategy.
Filing Status Required
Choose your filing status in Advanced Settings to see a Roth vs Pre-Tax recommendation.
Payroll (per check)
Gross Pay
$0
Employee Contrib.
$0
— Pre-Tax portion
$0
— Roth portion
$0
Employer Match
$0
Est. Taxes
$0
Net Take-Home
$0
Retirement Outlook Comparison
* Both scenarios assume $0 in existing savings (modeling a new retirement account started
today).
Current Path
Your Selections (6% election)
$0
$0/mo Safe Monthly Income
Projected to last past age 95
Optimized Path
Tax Planner Strategy (15% election)
$0
$0/mo Safe Monthly Income
Projected to last past age 95
Age: 0
Years to Retirement: 0
Retirement Age: 0
Target Year: 0
2026 Deferral Limit: $0
4% Nominal
$0
Real (today's $): $0
7% Nominal
$0
Real (today's $): $0
* Projected Nest Egg is pre-tax and nominal (not adjusted for inflation).
* Projected Monthly Income is gross (pre-tax) and adjusted for inflation (today's dollars).
* Projected Monthly Income is gross (pre-tax) and adjusted for inflation (today's dollars).