Skip to content

Calculators

Please try our wide variety of interactive financial problem solvers. Simply enter your criteria and you'll get your questions answered with dynamic graphs and personalized reports.

Calculators > Qualified Plans

When you reach retirement, and if your company provides a pension program, you will be offered a number of payout options. Typically, they will be the Single Life and the Joint Survivor payout options.
Some qualified retirement plans include the option for qualifying participants to a take a loan against their retirement account balance. Many people borrow from their retirement plan to pay off high-interest debt or to make a major purchase.
Many people feel the need to withdraw funds from their 401(k) plan due to hardship or other emergency.
Compensation for a self-employed individual (sole proprietor or partner) is that person's earned income. The starting point to determine the individual's earned income is the net profit amount from the Schedule C (or Schedule K-1 for a partnership).
Consideration of NUA strategy is important if you are distributing highly appreciated employer securities from your prior employer's qualified plan, such as 401(k). Cost basis, the value of the employer contribution on your behalf is subject to ordinary income tax upon distribution.
By naming a beneficiary on your IRA account it will provide the beneficiary the opportunity to "stretch" out the IRA proceeds over his/her life expectancy. This gives the beneficiary more time to take advantage of tax-deferral status of the IRA assets.
Many factors can affect your eligibility and contribution limits to either the Traditional IRA or Roth IRA - tax filing status, your current earned income level and whether or not you participate in a retirement plan at work.
Your retirement income can vary widely depending on what type of IRA holds your savings and what assumptions you make about return and tax rates during the accumulation and withdrawal periods.
Roth IRA is a great way for clients to create tax-free income from their retirement assets. Yet, keep in mind that when you convert your taxable retirement assets into a Roth IRA you will generally pay ordinary income tax on the taxable amount that is converted.
It may surprise you how significant your retirement accumulation may be simply by contributing regularly to a qualified plan.
Current tax law specifies that once you reach a certain age, you must begin taking RMDs annually from your IRAs and other retirement plans. Generally, the RMD amount is determined based on your prior year's IRA balance of all of your IRA assets divided by your life expectancy.
Current tax law specifies that once you reach a certain age, you must begin making taxable withdrawals from your Traditional IRAs and many other retirement plans. These minimum distributions are calculated annually based on your age, account balance at the end of the previous year, marital status and spouse's age.
You've spent a long time accumulating funds in your retirement account. When you retire and take distribution of your funds you have many options to consider.
Many employees are not taking full advantage of their employer's matching contributions. Use this calculator to figure out how.

Contact Us

Stay up to date with our Newsletter

As part of the newsletter, you’ll stay up to date on new IRS guidelines, important dates to remember, any covid-19 relief aide, and much more. Subscribe Now

25 tips to make and keep more money

Do you have separate bank accounts for your personal expenses and business expenses? Download our 25 Tips for financial success and strategies. Get Our 25 Tips

Track Your refund

Waiting for a refund? Check your status. Get Your Status

Call Us Today

With the virtual services we offer and our stress-free approach to accounting, we are available and prepared to help whether clients are looking for support when planning their organization’s tax obligations or are looking to bring on a CFO. Contact us at (712) 423-2022