Should I stay or go? How will my total pension be affected if I stay on 1 more year? 2 more years? 5 more years? Should I withdraw my pension contributions or receive a higher monthly pension benefit? How long will my retirement money last? The Tax and Retirement Planning App (Tax & RP App) assists state, county, & city employees and retirees with these critical financial retirement decisions.
The app contains retirement plan/IRA distribution calculators consisting of three different scenarios, a pension break-even calculator, a pro-rata calculator (determines the pro-rata distribution of after-tax money from a pension/ retirement plan or IRA), a pension analyzer, and final average salary (FAS) calculators.
The app also provides explanations and/or example scenarios for each calculator.