Established in 1998, Ilgenfritz Financial Group has developed a reputation for providing simple, easy-to-understand financial resources. Use the links below for access to financial calculators that can provide the answers you have been looking for to some of your financial planning quesstions!
Qualified Plans Calculator
Have you ever wondered how much you savings might have for retirement if you contribute regularly to a qualified plan? We can help take the guessing out of the game. Use this qualified plans
to get an estimate of your retirement savings now!
Yearly Required Minimum Distribution Calculator
Once you reach age 70 1/2, you must begin taking annual required minimum distributions from your IRA and other retirement plans. Generally, this amount is determined by your prior year's IRA balance divided by your life expectancy. If you do not take your RMD, you may incur a 50% penalty based on the amount you were supposed to take.
Use this calculator
to get an estimate of your RMD. This tool is intended for people age 70 1/2 and older.
Stretch IRA Distributions Calculator
When you name a beneficiary on
your IRA, he or she has the option to "stretch out" your IRA for the term of their life expectancy. The beneficiary can also have a tax-deferral status on
the IRA assets. For example, if you are 55 when your 85-year-old parent passes away, you may take over his or her IRA to "stretch out" over your own life.
can help you determine the RMDs for both you and your beneficiary. However, keep in mind that distributions are subject to federal and state income taxes.
You will receive great customer service, and we will help you with your finances. Contact us today
to schedule an appointment.
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Since 1998, Ilgenfritz Financial Group has been serving senior citizens in our community with outstanding tax and financial guidance.
We will help ensure that you are financially secure so you can enjoy your "golden years" as much as possible.