When you are the beneficiary of a retirement plan specific IRS rules regulate the minimum withdrawals you must take. If you want to simply take your inherited money right now and pay taxes, you can. But if you want to defer taxes as long as possible, there are certain distribution requirements with which you must comply. Use this calculator to determine your Required Minimum Distributions (RMD) as a beneficiary of a retirement account.*

Beneficiary Required Minimum Distribution (RMD)

Your current required minimum distribution is MINIMUM_DISTRIBUTION.

Money is to be paid out over the beneficiary's life expectancy of LIFE_EXPECTANCY years. The current required minimum distribution is MINIMUM_DISTRIBUTION. Minimum distributions are calculated by taking the account balance on December 31st of the preceding year and dividing it by the applicable life expectancy.

Summary Account balance as of 12/31 of year prior to distribution year ACCOUNT_BALANCE Beneficiary age as of 12/31 of distribution year BENEFICIARY_AGE Beneficiary age as of 12/31 of the year following the owner's death BENEFICIARY_DEATH_AGE Remaining life expectancy LIFE_EXPECTANCY Required minimum distribution MINIMUM_DISTRIBUTION Rate of return RATE_OF_RETURN

Account Balances and Minimum Distributions*

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**REPEATING GROUP**
*All distributions are assumed to be taken at the end of the year. In January of 2001 the IRS issued proposed changes to the Required Minimum Distribution rules. This calculator uses these new proposed rules. It is highly anticipated that these new rules will be finalized by the middle of 2001. Please consult with your own tax advisor regarding your specific situation.

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