Union Benefits Group - IRA Eligibility : Calculator: IRA Eligibility

Saving for a comfortable retirement is one of the most common financial goals among working people. One popular retirement savings vehicle is the IRA. Even if you have access to an employer-sponsored retirement plan, you may still be eligible to supplement your employer’s plan by contributing to a tax-deductible IRA or a Roth IRA. This calculator is designed to help you determine whether you qualify for the different types of IRAs and to estimate the potential future value of each type of IRA for which you are eligible.

1. What will your age be as of December 31 this year?
2. Are you covered by an employer-sponsored retirement plan?	YesNo
3. Do you have a spouse who is covered by an employer-sponsored retirement plan?	YesNo
4. What do you (and your spouse, if applicable) expect your adjusted gross income to be this year?	$
5. What will your filing status be for this year?
6. What pre-tax return do you expect on your investments between now and when withdrawals begin (0 to 12 percent)?	%
7. What marginal tax bracket do you expect to be in during your working years?
8. At what age do you expect to begin withdrawing funds from your IRA? (Note that mandatory withdrawals from traditional IRAs must begin by April 1 of the year following the year in which you turn age 70-1/2. There are no mandatory withdrawal requirements for Roth IRAs.)
9. What pre-tax return do you expect on your investments once withdrawals begin (0 to 12 percent)?	%
10. What marginal tax bracket do you expect to be in at retirement?
11. For how many years do you intend to withdraw funds from your IRA?

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Calculators provided by Emerald Publications.

Securities and advisory services offered through Financial Network Investment Corporation, member FINRA, SIPC.

Union Benefits Group is not affiliated with Financial Network Investment Corporation

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