You and your spouse may have retirement savings in a 401(k) plan or IRA or cash and investments.
**App Highlights**
*"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.
*This unique app factors in the retirement age calculation that you cannot withdraw your retirement savings from a 401(k) plan and IRA before you turn 59 ½ without a possible penalty of 10%.
*This 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 22,500 dollars to the 401(k) for this year as per the current law. However, there is a catch-up contribution limit of additional 7,500 dollars if you are aged 50 and older.
*The app considers that the total of your contributions and employer matching contributions cannot exceed your salary or 66,000 dollars for this year as per the current law. There is a catch-up contribution limit of additional 7,500 dollars if you are aged 50 and older.
*This app lays out a clear picture of your finances with a pre-retirement plan 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 across the launches upon successful retirement age calculation.
*You can share the app via email, Facebook, or Twitter from within the app.
Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
**App Highlights**
*"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.
*This unique app factors in the retirement age calculation that you cannot withdraw your retirement savings from a 401(k) plan and IRA before you turn 59 ½ without a possible penalty of 10%.
*This 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 22,500 dollars to the 401(k) for this year as per the current law. However, there is a catch-up contribution limit of additional 7,500 dollars if you are aged 50 and older.
*The app considers that the total of your contributions and employer matching contributions cannot exceed your salary or 66,000 dollars for this year as per the current law. There is a catch-up contribution limit of additional 7,500 dollars if you are aged 50 and older.
*This app lays out a clear picture of your finances with a pre-retirement plan 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 across the launches upon successful retirement age calculation.
*You can share the app via email, Facebook, or Twitter from within the app.
Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
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