Bellevue, Seattle, Kirkland Certified Financial Planner, CFP / Planning Advisor Bellevue, Seattle, Kirkland - 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? (Choose "Married Filing Separately" if you lived with your spouse at any time during the year. Choose "Single" if you did not live with your spouse at any time during the year.)
6. What pre-tax return do you expect on your investments between now and when withdrawals begin (0 to 10 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 (distributions) 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 IRA owners. Beneficiaries of either type of IRA are required to take mandatory distributions (based on their own life expectancies).)
9. What pre-tax return do you expect on your investments once withdrawals begin (0 to 10 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?

At ICON Consulting, our focus is to provide our clients with strategic, knowledge based consulting and advice. At times, we may also assist our clients with securities related services. However, these services may only be provided to individuals residing in the states in which we are registered to conduct securities related business. These states are: California, Florida, Massachusetts, Maryland, Minnesota, New Hampshire, Ohio, Oregon, Texas, Virginia, and Washington. The information contained in this website is intended for use only by residents of these states or for individuals interested in ICON's financial planning and consulting services. By viewing our site, you are verifying that you meet one of those two criteria. Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor, member FINRA/SIPC. Fee based consulting and financial planning offered through ICON Consulting, an independently owned and operated Registered Investment Advisor. “2008, 2009, 2010, & 2011 Five Star Wealth Manager: Best in Client Satisfaction” - Seattle Magazine. Locally owned and independently operated, ICON Consulting is one of the industry's leading comprehensive wealth management and financial planning firms serving Seattle, Bellevue, Kirkland, and the Northwest. As a Registered Investment Advisor firm in the state of Washington, ICON has a team of Wealth Managers, CFP's, Financial Planners, and Financial Advisors that are here to help you objectively manage your family's wealth.

ICON Consulting, LLC
10655 NE 4th Street, #704
Bellevue, WA 98004
(425) 562-ICON (4266) - phone
(425) 746-ICON (4266) - Fax
info@ICONconsultingllc.com