When Can I Retire 4+

Name: When Can I Retire
Author: Grow Nest Egg, LLC

Grow Nest Egg, LLC

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Kuvaus

You may have retirement savings in a 401(k), 403(b), or 457(b) plan. You may also have an IRA or cash and investments. Find out when you will be able to retire based on your financial circumstances.

**App Highlights**

*The "When Can I Retire" app calculates your retirement age based on numerous optional inputs such as your current salary, yearly salary increase, yearly retirement contribution, yearly contribution increase, employer matching contribution, post-retirement expense, social security, and other retirement income.

*The unique app factors in the retirement age calculation that you cannot withdraw your retirement savings from a 401(k) plan, 403(b) plan, or an IRA before you turn 59 ½ without incurring a possible 10% penalty. However, you can withdraw your retirement savings from a 457(b) plan without facing an early withdrawal penalty.

*The app considers that you can contribute only up to a specific maximum limit to your employer-sponsored retirement plan. For example, you can contribute a maximum of 23,000 dollars to your 401(k), 403(b), or 457(b) plan for this year as per the current law. However, there is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older.

*The app considers the combined total of your contributions and employer matching contributions to a 401(k) or 403(b) plan cannot exceed your salary or 69,000 dollars for this year as per the current law. There is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older.

*The app lays out a clear picture of your finances with both a pre-retirement and post-retirement plan.

*The app allows you to email your pre-retirement plan and post-retirement plan in tabular and graphical views to yourself or others.

*This app saves your inputs and retains them across the launches upon successful retirement age calculation.

*You can share the app via Text Message, WhatsApp, Facebook, or Twitter from within the app.

Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/

11. maalisk. 2024

Versio 8.2

We have updated the contribution limits for the retirement plans.

Kehittäjä (Grow Nest Egg, LLC) ilmoitti, että apin tietosuojakäytänteet voivat sisältää tietojen käsittelyä alla kuvatulla tavalla. Katso lisätietoja kehittäjän tietosuojakäytännöstä.