Inherited IRA Distribution Calculator

Assumptions

Introduction

Based on the information provided, this report shows the required minimum distribution (RMD) amount, if any, for withdrawal this calendar year. Where annual RMDs do not apply based on the information provided, the report indicates the date by which all funds must be distributed from the account. This Inherited IRA Distribution Calculator is intended to serve as an informational tool only, and should not be construed as legal, investment, or tax advice. You should discuss your situation with your investment planner, tax advisor, or an estate planning professional before acting on the information you receive from the Inherited IRA Distribution Calculator, and to identify specific issues not addressed by the Calculator.

Before deciding how to proceed with an inherited IRA, an investor should consider various factors including, but not limited to, age, account type, and relationship of the account holder to the beneficiary. View the FINRA Investor Alert for additional information.

Please note:

This calculator assumes the assets have been transferred from the original retirement account to an inherited IRA in the name of the beneficiary.
This calculator uses the latest IRS life expectancy tables to calculate annual RMDs where applicable.
Beneficiaries are responsible for withdrawing the correct amount of RMDs from the inherited IRA within the appropriate time period in order to avoid IRS penalties. The time of the first required distribution will depend on the beneficiary type and whether the original account owner died before, on, or after the required beginning date (RBD). Consult your investment planner, tax advisor, or an estate planning professional regarding the time of your first required distribution.
If the IRA owner died after his/her RBD, the IRA owner’s RMD must be withdrawn for the calendar year if it was not withdrawn prior to the IRA owner’s death. This Calculator should not be used to determine this RMD after the death of the original account owner; it is only used to determine subsequent RMDs for the beneficiary. This Calculator should not be used to determine this RMD for the year of death after the death of the original account owner; it is only used to determine subsequent RMDs for the beneficiary.
This report has been provided by DST Retirement Solutions, LLC, an SS&C company. SS&C is not affiliated with E*TRADE Securities LLC or its affiliates (E*TRADE). No information on the SS&C site has been endorsed or approved by E*TRADE or its affiliates, and neither E*TRADE nor its affiliates are responsible for the contents of the SS&C site or any link contained in the SS&C site.

Calculations

You are responsible for the calculation of your Inherited IRA RMD and the accuracy of your tax return. Withdrawals of taxable amounts may be subject to ordinary income tax. You should periodically review your overall tax plan with your tax advisor.
If the original account owner passed away before reaching age 73 (or age 70½ if born before July 1, 1949), this tool will treat the original owner as not having reached his or her RBD.
If the original account owner passed away after reaching age 73 (or age 70½ if born before July 1, 1949), this tool will treat the original owner as having reached his or her RBD.
If the beneficiary is a qualified trust with multiple beneficiaries, the life expectancy of the oldest beneficiary will be used to calculate the RMD.
The Calculator does not consider the effect of taxes on the RMD withdrawn and the amount owed in taxes on the withdrawal is not calculated.
The Inherited IRA Distribution Calculator’s results may vary with each use and may change over time due to updates to the Calculator or because of changes in personal circumstances or market conditions. Consider returning to the Calculator at least annually to calculate the RMD for the current year.

Inherited IRA Distribution Calculator

Determine the required distributions from an inherited IRA

How much may I need to withdraw?

Inherited account information

Beneficiary information


	Inherited IRA Distribution Calculator Determine the required distributions from an inherited IRA Disclaimer: Please note that this calculator is not yet updated to reflect the IRS 10-year rule. Updates are being worked on and will be published within the coming weeks. The IRS has published new Life Expectancy figures effective 1/1/2022. This calculator has been updated to reflect the new figures. Please note: The SECURE Act changes the distribution rules for beneficiaries of account owners who pass away in 2020 and beyond. Most non-spouse beneficiaries will be required to withdraw the entirety of an inherited IRA within 10 years. If you have inherited a retirement account, generally you must withdraw required minimum distributions (RMDs) from the account each year to avoid IRS penalties. RMD amounts depend on various factors, such as the beneficiary’s age, type of beneficiary, and the account value. If inherited assets have been transferred into an inherited IRA in your name, this calculator may help determine how much you may be required to withdraw this year from the inherited account. On February 24, 2022, the IRS proposed new required minimum distribution rules that includes revisions made from the SECURE Act. The regulations primarily effect inherited IRAs. The information or calculation(s) provided may be based on the rules in effect before the proposed regulations are finalized. You are strongly advised to consult your legal and/or tax advisor regarding your personal situation. GET STARTED How much may I need to withdraw? Assumptions Inherited account information Enter account balance $0 and $100,000,000. CONTINUE Beneficiary information Beneficiary type: Spouse Non-spouse individual Non-spouse individual who is not more than 10 years younger than the account owner Non-spouse individual who is chronically ill or disabled (as defined by the IRS) Other non-spouse individual Minor child of account owner Estate or Non-qualified trust Charitable organization Qualified Trust Is this beneficiary the sole primary beneficiary of the IRA? Yes No Are the other beneficiaries individuals? Yes No Have separate accounts been established for each beneficiary by December 31st of the year after the IRA owner's death? Yes No BACK VIEW RESULTS What this calculator does: Helps IRA beneficiaries calculate the required minimum distribution (RMD) amount that must be withdrawn this calendar year from an inherited IRA, if applicable. In some situations, the RMD rules for beneficiaries of IRA owners who died before 2020 are different than the RMD rules for beneficiaries of IRA owners who died in 2020 and beyond. Assumes that beneficiary has transferred the inherited assets into an inherited IRA in their name. Prints a report showing potential results and the assumptions for easy reference. SS&C is not affiliated with ETRADE Securities LLC or its affiliates (ETRADE). Securities products and services are offered by ETRADE Securities LLC, Member SIPC, a subsidiary of Morgan Stanley. System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors.* X Assumptions Introduction Based on the information provided, this report shows the required minimum distribution (RMD) amount, if any, for withdrawal this calendar year. Where annual RMDs do not apply based on the information provided, the report indicates the date by which all funds must be distributed from the account. This Inherited IRA Distribution Calculator is intended to serve as an informational tool only, and should not be construed as legal, investment, or tax advice. You should discuss your situation with your investment planner, tax advisor, or an estate planning professional before acting on the information you receive from the Inherited IRA Distribution Calculator, and to identify specific issues not addressed by the Calculator. Before deciding how to proceed with an inherited IRA, an investor should consider various factors including, but not limited to, age, account type, and relationship of the account holder to the beneficiary. View the FINRA Investor Alert for additional information. Please note: This calculator assumes the assets have been transferred from the original retirement account to an inherited IRA in the name of the beneficiary. This calculator uses the latest IRS life expectancy tables to calculate annual RMDs where applicable. Beneficiaries are responsible for withdrawing the correct amount of RMDs from the inherited IRA within the appropriate time period in order to avoid IRS penalties. The time of the first required distribution will depend on the beneficiary type and whether the original account owner died before, on, or after the required beginning date (RBD). Consult your investment planner, tax advisor, or an estate planning professional regarding the time of your first required distribution. If the IRA owner died after his/her RBD, the IRA owner’s RMD must be withdrawn for the calendar year if it was not withdrawn prior to the IRA owner’s death. This Calculator should not be used to determine this RMD after the death of the original account owner; it is only used to determine subsequent RMDs for the beneficiary. This Calculator should not be used to determine this RMD for the year of death after the death of the original account owner; it is only used to determine subsequent RMDs for the beneficiary. This report has been provided by DST Retirement Solutions, LLC, an SS&C company. SS&C is not affiliated with ETRADE Securities LLC or its affiliates (ETRADE). No information on the SS&C site has been endorsed or approved by ETRADE or its affiliates, and neither ETRADE nor its affiliates are responsible for the contents of the SS&C site or any link contained in the SS&C site. Calculations You are responsible for the calculation of your Inherited IRA RMD and the accuracy of your tax return. Withdrawals of taxable amounts may be subject to ordinary income tax. You should periodically review your overall tax plan with your tax advisor. If the original account owner passed away before reaching age 73 (or age 70½ if born before July 1, 1949), this tool will treat the original owner as not having reached his or her RBD. If the original account owner passed away after reaching age 73 (or age 70½ if born before July 1, 1949), this tool will treat the original owner as having reached his or her RBD. If the beneficiary is a qualified trust with multiple beneficiaries, the life expectancy of the oldest beneficiary will be used to calculate the RMD. The Calculator does not consider the effect of taxes on the RMD withdrawn and the amount owed in taxes on the withdrawal is not calculated. The Inherited IRA Distribution Calculator’s results may vary with each use and may change over time due to updates to the Calculator or because of changes in personal circumstances or market conditions. Consider returning to the Calculator at least annually to calculate the RMD for the current year.