|Total projected distributions during owner's lifetime:||TOTAL_DISTRIBUTIONS_OWNER|
|Total projected distributions:||TOTAL_DISTRIBUTIONS|
|Owner and account information|
|Owner's birth date||OWNER_BIRTHDATE YOUR_AGE|
|Owner's life expectancy||APPLICABLE_LIFE_EXPECTANCY years, calculated using the IRS USE_MDIB|
|Owner's age at death||OWNER_DIES_AGE|
|Previous year ending value||ACCOUNT_BALANCE as of 12/31/PREVIOUS_YEAR|
|Annual rate of return||RATE_OF_RETURN|
|Beneficiary birth date||BENEFICIARY_BIRTHDATE BENEFICIARY_AGE|
|Is beneficiary a spouse?||IS_BENEFICIARY_YOUR_SPOUSE|
|Beneficiary's age at death||BENEFICIARY_DIES_AGE|
|Spouse's beneficiary's birth date||SPOUSE_BENEFICIARY_BIRTHDATE SPOUSE_BENEFICIARY_AGE|
*All distributions are assumed to be taken at the end of the year. If you have questions, please consult with your own tax advisor regarding your specific situation.
This calculator provides a hypothetical projection of the Required Minimum Distribution (RMD) options. The projected values should be reduced for any applicable federal and state income taxes that will be due. The frequency of distribution for RMD must occur at least annually. RMD is subject to the terms of your qualified retirement plan. Plan terms may vary.
Distributions are required for each year beginning with April 1st of the year following the year in which the taxpayer attains age 70 1/2. If the plan is a Qualified Plan and the taxpayer is still working and not an owner of the business, distributions can normally be delayed until the taxpayer retires.
Keeping these factors in mind, this calculator is designed to show you how you can stretch out your IRA distributions for as long as possible, even into the next generation. To do this, we do the following:
If you have your spouse as the beneficiary of the account:
If your beneficiary is not a spouse:
The figures created with this calculator are hypothetical and based on current and variable assumptions you selected to help illustrate a concept. Many factors could impact this hypothetical concept, such as possible changes to tax laws in the future, the impact of inflation and other risks.
It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that funds and/or investment companies may charge.
We also use this entry to determine whether to calculate for a spouse's beneficiary's life expectancy.
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