Monday, July 30, 2012

401K Lump Sum Distribution Calculator

Are you aware that, you have to include your 401K retirement amount (minus the fees and penalty) in your Zakat calculations?

I was not aware of this till this year and I am trying to figure out what amount will be received to me if I supposed, did cashed out all the amount today.

On this web site, it has detailed a very simple and easy calculator for the 401K, make sure to enter your federal tax rate as, it may not be the default 35%.

http://tools.nadart.org/calculators/LumpSumDistributionCalculator.cfm

~JazakAllah