This calculator helps you assist an IRA beneficiary in calculating the amount he/she is required to withdraw each year from the inherited IRA.
Note: Beneficiary IRA distributions must generally begin in the year following the year of the IRA owner’s death. If the IRA owner dies after his/her required beginning date (i.e. April 1 following the year he/she attained age 70½), the beneficiary must take the IRA owner's required minimum distribution for the calendar year if it was not withdrawn prior to the IRA owner's death. This Beneficiary IRA Distribution Calculator should not be used to determine the RMD after the death of the original beneficiary.
After entering the requested information, click on the "Create Report" button at the bottom of the page to prepare a client approved illustration. Keep a copy of the report in your client's file for future reference.
Click the "Calculate" button for the results