0
RMD & Stretch IRA Calculator
The IRS requires that you withdraw at least a minimum amount - known as a Required Minimum Distribution - from your retirement accounts annually; starting the year you turn age 70-1/2. Use this calculator to help determine how you can stretch out your payments for as long as possible.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the RMD for ira withdrawal ?
what is the RMD for age 83 for IRA withdrawal
What does a roth IRA calculator do?
A Roth IRA calculator will allow you to compare a Roth IRA and a traditional IRA to help you best determine which option you need to be doing to meet your retirement needs.
What is a roth IRA calculator used for?
The calculator is used to calculate the benefits if anything between your normal IRA when you decide to a roth IRA. Roth IRA varies from normal IRA but both are unique to your financial situation.
What does RMD mean when refering to IRA?
Required Minimum Distribution or RMD is the amount you have to withdraw from you IRA or 401K, etc. beginning at age 70 1/2 per year (it can be divided into 12 monthly payments per year) or the IRS will charge you a 50% penalty for not withdrawing the RMD amount. The reason is the IRS wants you to pay taxes on your IRA or 401K by age 70 1/2 or you will be penalized a 50% penatly for not using that money. You cannot just leave it there forever. This applies only on pre-tax products that you have never paid any taxes on. A Roth IRA is not included because taxes were paid on that money before it was set aside for retirment. It is not Pre-tax but Post-tax. There is a formula you have to use to calculate and RMD by IRS rules and regulations. You can access such a calculator at the following: https://www3.troweprice.com/retailtools/rmdcalc/public/rmdStart.do?distYear=2011&beneDob=
How do you calculate the Required Minimum Distribution from an IRA?
By taking the PFMV on 12/31 of previous year for all IRA accounts (Roth doesn't have RMD) and divide your age factor. i.e PFMV = $100,000 and age factor is 22.7 then the RMD would be $4405.29 RMD would be different each year since the PFMV and age factor will change. Age factor can be find in the 590 Pub on www.irs.gov
How would I use a rmd calculator?
RMD Calculator is a "Required Minimum Calculator" and is used to determine what your minimum distribution toward your IRA should be. To use a RMD Calculator you'll need your birthday for the current year and the total balance of your IRA as of the year before; you'll also need to know your spouses information.
What is the RMD for ira withdrawal ?
what is the RMD for age 83 for IRA withdrawal
How can the rmd calculator help in finance and investing?
This calculator can help you figure out the amount of distributions you must withdraw from your 401K retirement or IRA account after you reach age 70.5. You can find a calculator like this at this link: http://individual.troweprice.com/public/Retail/Retirement/Required-Minimum-Distributions/Calculate-My-RMD/RMD-Calculator
what is an RMD calculator used for?
An RMD calculator will determine your required minimum distributions as the owner of a retirement account. You distributions will most likely include dividends.
What information might one need to input into an RMD calculator?
One might need to input into an RMD calculator such information as previous year-end account balance, age at year-end, and withdrawal factor. The RMD calculator helps to calculate how much one will get when one retires.
Which websites offer an accurate IRA calculator?
www.planningtips.com offers a great IRA calculator.
What computer softwares offer Ira Calculator?
Roth IRA Conversion Calculator 2010 is a good tool for an IRA calculator. It may be a little expensive, but it a great tool.
How can an IRA calculator help me plan for retirement?
An IRA calculator allows you to test a hypothetical contribution schedule and determine how much will be in your IRA when you retire.
Where can one find information about Stretch IRA do?
IRA stands for Individual Retirement Account. A stretch IRA allows for the distribution of assets. Using this "technique" means the IRA can be passed from generation to generation. Further information on Stretch IRA's can be found at most wealth management sources.
When must you start withdrawing from your IRA?
For Traditional IRA (sep, simple, etc), you have to start withdrawing at age 70 1/2. At that time you would have to take a RMD each year based on your age factor and value of the all your trad. IRA (sep, simple, etc) account on last day of previous year (PFMV) - i.e, if your account(s) were worth $100,000 and your age factor was 23.5, then you would have to take $4255.32 for that years RMD. The RMD will change each year since the value of the account and age factor change each year. The goal of the RMD is to zero out the account, but the age factor are so far set that it not possible/will never happen. You not have to ever take withdraws from a Roth IRA since no RMD is required.
Where can I find a good roth IRA calculator online?
Roth IRA calculator is sure the thing that helps you with this. You could access it online on some websites such as Bank Rate, Calculator and Roth IRA.
What does a roth IRA calculator do?
A Roth IRA calculator will allow you to compare a Roth IRA and a traditional IRA to help you best determine which option you need to be doing to meet your retirement needs.
