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copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 1
Presented by Robert S Keebler CPAPFS MST AEP (Distinguished)1
Keebler amp Associates LLPRobertkeeblerkeeblerandassociatescom
1 Special thanks to Stephen J Bigge CPA for his assistance with modeling alternative strategies
The Mathematics of Estate Planning for IRAs After the Secure Act
How to Simulate Stretch Benefits for Your Clients
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 2
Outlinebull 2019 Law and Secure Act Changesbull Conduit Trust Disaster ndash The Mathbull New Post-mortem Payout Rulesbull Roths vs Traditional IRAsbull Solutions to Analyze
ndash Roth conversionsndash Multi-generational spray trustsndash Spousal rollovers and the new spousal rollover trapndash IRAs to CRTsndash IRA trusts for state income tax savingsndash IRA relocation to life insurancendash Life insurance to offset increased tax-risk of early deathndash Naming a charity as a beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 3
Pre-Secure Law
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 4
Stretch Out IRAsldquoInheritedrdquo IRA
Objective Prolong IRA payments over longest possible period of time thus increasing wealth to future generations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 5
Pre-Secure Bill Distribution Flowchart
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 6
Stretch Out IRAsldquoInheritedrdquo IRA
bull An IRA is treated as ldquoinheritedrdquo if the individual for whose benefit the IRA is maintained acquired the IRA on account of the death of the original owner
bull Under Pre-Secure law the IRA assets could be distributed based upon the life expectancy of the beneficiary
IRC Sec 401(a)(9)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 7
Stretch Out IRAsldquoInheritedrdquo IRA
bull Two Strategiesndash Spousal Rolloverndash Inherited IRA
bull Advantages ndash Rollover delays RMD until spousersquos own RBDndash Inherited IRA provisions allow beneficiaryrsquos life
expectancy to be used for distributions after death of IRA owner
Both Still Available After the Secure Act
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 8
Stretch Out IRAsldquoInheritedrdquo IRA ndash Spousal Beneficiary ndash Rollover
bull Exception to Inherited IRA rulesbull Only available to surviving spousebull Allows spouse to roll over assets received as beneficiary to a
new IRA in hisher own namebull Spousersquos age used to determine when required minimum
distributions must beginbull Spouse may use the Uniform Lifetime Table to determine
distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 9
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
bull Scenariosndash Immediate distributionndash IRA payable to non-qualified beneficiary (five-year rule)ndash IRA payable to surviving spouse (no spousal rollover)ndash IRA payable to surviving spouse (spousal rollover)ndash IRA payable to childndash IRA payable to grandchild
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 10
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
bull Assumptionsndash IRA ownerrsquos age ndash 65ndash Spousersquos age ndash 60 ndash Childrsquos age ndash 35ndash Grandchildrsquos age ndash 10
ndash IRA balance ndash $1000000ndash Brokerage account balance ndash $0
ndash Pre-tax growth rate ndash 8ndash Ordinary income tax rate ndash 40ndash Capital gains tax rate ndash 20
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 11
Summary
YearImmediate Distribution
IRA Payable to Non-Qualified
Designated Beneficiary (ie
5-Year Rule)
IRA Payable to Surviving
Spouse (No Spousal Rollover)
IRA Payable to Surviving Spouse
(Spousal Rollover)
IRA Payable to Oldest Non-
Spousal Beneficiary
IRA Payable to Youngest Non-
Spousal Beneficiary
2007 643200$ 1080000$ 1080000$ 1080000$ 1080000$ 1080000$ 2011 849425$ 1469328$ 1469328$ 1469328$ 1423226$ 1433218$ 2016 1202539$ 1248084$ 1948200$ 2101979$ 2002522$ 2036421$ 2021 1702445$ 1766924$ 2537508$ 2943141$ 2805795$ 2885203$ 2026 2410166$ 2501450$ 3228176$ 4100369$ 3913063$ 4075163$ 2036 4830530$ 5013484$ 5410021$ 7820189$ 7488210$ 8046199$ 2046 9681500$ 10048183$ 10842933$ 14479672$ 13945755$ 15631736$
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 12
Summary ndash Year 30IRA Transfer to Family
(The Power of Deferral)
$4500000
$5000000
$5500000
$6000000
$6500000
$7000000
$7500000
$8000000
$8500000
Year 30
YearImmediate DistributionIRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule)IRA Payable to Surviving Spouse (No Spousal Rollover)IRA Payable to Surviving Spouse (Spousal Rollover)IRA Payable to Oldest Non-Spousal BeneficiaryIRA Payable to Youngest Non-Spousal Beneficiary
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 13
Understanding the Final 401(a)(9) Regulations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 14
401(a)(9) RegulationsFoundational Concepts ndash Required Beginning Date (RBD)
bull Required Beginning Date (RBD) Generally April 1 of the year following the year the owner turns age 70frac12
bull Once at RBD required minimum distributions (RMD) must occur every year by December 31st
THE SECURE ACTINCREASES THE RBD TO AGE 72
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 15
401(a)(9) RegulationsFoundational Concepts ndash Required Minimum
Distribution (RMD)bull RMDs are calculated based upon the aggregate
prior year ending account balance divided by the applicable life expectancy factor
Prior Year1231 Balance
Life Expectancy Factor
RMD =
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 16
Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor
0 824 16 669 32 514 48 360 64 218 80 102 96 381 816 17 660 33 504 49 351 65 210 81 97 97 362 806 18 650 34 494 50 342 66 202 82 91 98 343 797 19 640 35 485 51 333 67 194 83 86 99 314 787 20 630 36 475 52 323 68 186 84 81 100 295 777 21 621 37 465 53 314 69 178 85 76 101 276 767 22 611 38 456 54 305 70 170 86 71 102 257 758 23 601 39 446 55 296 71 163 87 67 103 238 748 24 591 40 436 56 287 72 155 88 63 104 219 738 25 582 41 427 57 279 73 148 89 59 105 1910 728 26 572 42 417 58 270 74 141 90 55 106 1711 718 27 562 43 407 59 261 75 134 91 52 107 1512 708 28 553 44 398 60 252 76 127 92 49 108 1413 699 29 543 45 388 61 244 77 121 93 46 109 1214 689 30 533 46 379 62 235 78 114 94 43 110 1115 679 31 524 47 370 63 227 79 108 95 41 111 10
401(a)(9) RegulationsFoundational Concepts
Single Life Table
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 17
401(a)(9) RegulationsFoundational Concepts ndash Pre-Secure Bill
Five-Year Rule
Death Before Required Beginning Date
Death On or After Required Beginning Date
Designated Beneficiary
Non-Designated Beneficiary
Ownerrsquos ldquoGhostrdquo Life Expectancy Rule
Life Expectancy Rule
Life Expectancy Rule
Both the Five-Year and ldquoGhostrdquo Life Expectancy appear to have survived the Secure ACT for non-designated beneficiaries
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 18
SECURE BILLKEY CHANGES
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 19
RMDs after Death
EFFECTIVE DATEDeaths which Occur After
123119
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 20
RMDs after Death
Basically requires all IRAs Roth IRAS and Qualified Plans to be distributed within 10-years
of death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 21
Age of (Oldest Trust) Beneficiary 40
IRA Balance 1000000$
Pre-Tax Growth Rate 600
After-Tax Growth Rate 475
Average Income Tax Rate - Life Expectancy Rule 2400
Average Income Tax Rate - Ten Year Rule 2800
Distributions Occur at Beginning or End of Period End
Lump-Sum Distribution or Amortize Payments Amortize
Ten-Year vs Life Expectancy
Example
RMDs after Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 22
Example
RMDs after Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 23
RMDs after Death
ndash Surviving Spousendash The employeersquos Children under the
age of majority (not grandchildren or any other children)
ndash Disabledndash Chronically illndash Individual not more than ten years
younger than employee
Exceptions from the 10-year Rule for certain beneficiaries (ldquoeligible designated beneficiaryrdquo)
sectsect 401(a)(2)(E)(ii)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 24
Secure Act Beneficiary RMD SummaryDraft
Tax Terminology Designated Non-Eligible Beneficiary
Surviving Spouse
Eligible Minor Child
Person Less Than 10 Years Younger
Disabled or Chronically Ill
Person
Outright Beneficiary
10-Year Rule Life Expectancy Rule
Life Expectancy Rule (Until Majority then 10-Year Rule)
Life Expectancy Rule
Life Expectancy Rule
Conduit Trust 10-Year Rule Life Expectancy Rule
Life Expectancy Rule (Until Majority then 10-Year Rule)
Life Expectancy Rule
Life Expectancy Rule
Designated Beneficiary Trust
10-Year Rule 10-Year Rule 10-Year Rule 10-Year Rule Life Expectancy Rule
Non-Designated Beneficiary Trust
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 25
Trusts for Disabled and Chronically Ill Beneficiaries
bull Life Expectancy Treatment is Available with a ldquoEligible Designated Beneficiary Trustrdquo
bull Need to Draft an Accumulation Trustbull Roth IRAs may work better due to
ndash The difference in the individual and trust tax ratesndash The ability to pay the income tax on conversion out of
nonqualified funds
bull Two trusts is advisable if the client has both a traditional IRA and a Roth IRA ndash this avoids ldquotrappingrdquo the taxable IRA income
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 26
Math of the Conduit Trust Disaster
bull A conduit (ldquosafendashhavenrdquo) trust requires all RMDs to be paid annually
bull This worked well under the life expectancy rules bull However it is a disaster under the 10-year rulebull In year ten the entire remaining IRA balance must be
paid to the beneficiary
IRA Trust Beneficiary$142387 $142387
Distribution Distribution
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 27
The Conduit Trust DisasterIllustrated
Years after RMDDeath Age Current Method Equal Schedule Full Deferral
0 30 $18762 $142378 $01 31 $20100 $142378 $02 32 $21535 $142378 $03 33 $23072 $142378 $04 34 $24720 $142378 $05 35 $26486 $142378 $06 36 $28379 $142378 $07 37 $30409 $142378 $08 38 $32584 $142378 $09 39 $34917 $142378 $0
10 40 $37417 $142378 $1967151
10-Year Rule Options
Assumes $1000000 IRA at death amp a 7 interest rate
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 28
Ten Year Rule - Roth vs Traditional IRA
bull If minimizing income taxation is the only concern Roth distributions after death should generally be deferred until the end of the Ten-Year period ndash ldquoThe Roth Reprieverdquo
bull Traditional IRA distributions will be tactically withdrawn to manage income tax rates
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 29
The Roth ReprieveRoth conversion example to illustrate the value of the ldquoRoth Reprieverdquo Consider the following
ndash 66 year-old IRA married owner who expects to live to 85ndash She can undertake a $100000 conversion within the 24
bracket to avoid confusing the driving factors of model assume all future taxable distributions from the IRA are subject to a 24 rate
ndash She pays the conversion tax without ldquooutside fundsrdquondash Assume a pre-tax rate of return of 6 and after tax-tax rate
of return of 5ndash Assume the 10-year rule deferral is taken advantage of in
full
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 30
The Roth Reprieve
Death
Final Distribution
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 31
Tax-Driven Beneficiary Designations
bull Utilize Spousal Rolloversbull Utilize Exception Beneficiariesbull Avoid the application of the Five-Year Rule with an
outright beneficiary or a Designated Beneficiary Trustbull Consider forcing the Ghost Life Expectancy Rule to
apply for clients aged 72 to 81
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 32
Tax-Driven Beneficiary Designations
bull Examples ndash Universal Assumptionsndash 6 pre-tax return ndash 5 after-tax return very conservative differencendash Distributions are subject to a 25 average tax rate ndash held
constant to avoid confusion regarding the changes provided by the new law
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 33
Tax-Driven Beneficiary Designations
bull Example 1ndash Consider a 76-year-old surviving spouse who expects to
live to age 85ndash What is the value of capturing the Spousal Rollover for a
$1000000 IRA
Spouse as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 34
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 35
Tax-Driven Beneficiary Designations
bull Example 1 ndash Lessonndash The exemption from the 10-year rule provides limited
additional valuendash A spousal rollover is still prudentndash This is because the Uniform Lifetime Table provides for a
longer life expectancy than the Single Life Table
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 36
Tax-Driven Beneficiary Designations
bull Example 2ndash Consider 40-year-old married doctors with a seven-year-
old childndash Assume the doctors have saved $300000 in their pre-tax
401ksndash Is it worthwhile to name their child as the IRA beneficiary
compared an ineligible beneficiary in case of accidental death
Minor Child as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 37
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 38
Tax-Driven Beneficiary Designations
bull Example 2 ndash Lessonndash The additional deferral provides significant value with timendash The RMDs required before reaching age 26 are relatively
smallndash The distributions required from ages 27-36 must be
managed and thought through to minimize negative tax and other life consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 39
Tax-Driven Beneficiary Designations
bull Example 3 - 1ndash Consider a 60 year-old surviving spouse and a 30 year old disabled
childndash Therersquos at least $1000000 in the deceased clientrsquos IRA beyond which
the surviving spouse never expects to need ndash Assume the surviving spousersquos life expectancy is 85 and the disabled
childrsquos is 55 (both expect to live 25 more years)ndash Compare naming the surviving spouse versus the child as beneficiary
Disabled Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 40
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 41
Tax-Driven Beneficiary Designations
bull Example 3 ndash 1 ndash Lessons ndash The example assumes the disabled child is expected to die at about of
the same age surviving spouse thereby eliminating the requirement for a multi-step analysis
ndash The Surviving Spouse is able to defer taking RMDs until age 72 thereby allowing that option to overcome the benefit of reduced RMDs for the disabled child
ndash Should the disabled child outlive the Surviving Spouse if the rollover option was used taking advantage of the disability exemption remains available and advisable
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 42
Tax-Driven Beneficiary Designations
bull Example 3 - 2ndash Consider the same example except with different agesndash Assume the surviving spouse is 76 and expects to live to 85ndash Assume the disabled child is 51 and expects to live to 60 ndash Both expect to live 9 more years
Disabled Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 43
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 44
Tax-Driven Beneficiary Designations
bull Example 3 ndash 2 ndash Lessons ndash The example assumes the disabled child is expected to die at about
the same age surviving spouse thereby eliminating the requirement for a multi-step analysis
ndash The benefit of the reduced RMDs for the disabled beneficiary allows for more wealth accumulation despite the equal life expectancies
ndash A disclaim plan might be prudent
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 45
Tax-Driven Beneficiary Designations
bull Example 4ndash Consider a client undertaking death-bed planning who would like to
leave $100000 to his chronically ill nephewndash Assume the nephew will be 70 when the client dies with a life
expectancy of two yearsndash Does this plan make sense
Chronically Ill Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 46
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 47
Tax-Driven Beneficiary Designations
bull Example 4 Lessonsndash The plan provides a nominal additional benefit because the IRA is
distributed over 2-3 additional years beyond what the 10-year rule allows
ndash However importantly ndash unlike under previous law ndash this plan does not decrease wealth transfer to the surviving family due to negative tax consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 48
Tax-Driven Beneficiary Designations
bull Example 5 -1ndash Consider a client who would like to leave $250000 to her younger
cousinndash The cousin is 9-years younger than the clientndash The cousin is 75 years-old and is expected to live to age 84ndash Does this plan make sense
Person Not More than 10-Years Younger as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 49
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 50
Tax-Driven Beneficiary Designations
bull Example 5-1 Lessonsndash The plan provides a some additional benefit because the IRA is
distributed over 9-10 additional years beyond what the 10-year rule allows
ndash However importantly ndash unlike under previous law ndash this plan does not decrease wealth transfer to the surviving family due to negative tax consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 51
Tax-Driven Beneficiary Designations
bull Example 5-2ndash Consider a 35-year old childless divorcee re-building his estate plan in
case of accidental deathndash Among other significant assets he has $150000 of assets in his 401k
and IRAsndash Does naming his youngest brother who is 27 as the designated
beneficiary make sense from a tax perspectivendash Assume his brother has a normal has a life expectancy of 85
Person Not More than 10-Years Younger as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 52
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 53
Tax-Driven Beneficiary Designations
bull Example 5-2 Lessonsndash The plan is excellent from a tax-perspective and provides a identical
ldquostretchrdquo available under previous law
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 54
Tax-Driven Beneficiary Designations
bull Example 6-1ndash Consider a 72-year-old who wants to leave her IRA to her only child
who is not an eligible designated beneficiaryndash You are debating whether to advise her to name an non-qualified
designated beneficiary or a qualified designated beneficiary to most efficiently transfer the funds
ndash Assume 6 pre-tax return and a 5 after-tax returnndash Assume the distributions are subject to a 25 average tax ratendash Which is better for her $1000000 IRA the ten-year rule or the
ldquoghostrdquo life expectancy rule
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 55
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 56
Tax-Driven Beneficiary Designations
bull Example 6-2ndash Now consider a similarly situated client who is age 87ndash Does the an non-qualified designated beneficiary named still make
sensendash Assume 6 pre-tax return and a 5 after-tax returnndash Assume the distributions are subject to a 25 average tax rate
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 57
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 58
Tax-Driven Beneficiary Designations
bull Examples 6 Lessonndash If the RMD factor is less than
ten can make sense to force the ghost life expectancy rule
ndash However the ldquoghostrdquo life expectancy rule forces RMDs annually whereas the ten-year rule does not Therefore the flexibility provided by the ten-year rule may reduce the income tax on distributions that the additional deferral cannot overcome
AgeCurrent LE
FactorProposed LE Factor
70 170 18771 163 17972 155 17173 148 16374 141 15675 134 14876 127 14077 121 13378 114 12679 108 11980 102 11281 97 10582 91 9983 86 9284 81 8685 76 81
Uniform Lifetime Table
Current LE Factor70717273747576777879808182838485868788899091929394959697989910010110210310410510610710810911011111211311411511611711811912027426525624723822922212203195187178999999999999991710000000000000116315514814113412712114108101999999999999999691868176716763595552490000000000000044542393734312926242119Proposed LE Factor707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120291282273264255246237228219212021931839999999999999917600000000000001168161521441361291211141081019589830000000000000077873686459565249000000000000004459999999999999964340999999999999996393735343231329282725229999999999999982
Age
Life Expectancy
Single LifeTable
Current LE Factor01234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191208248159999999999999480599999999999994797787777767758748738728718708699000000000000066890000000000000667900000000000006669000000000000066665646362161160159158257256255354353352451450449448547546545644643642741740700000000000003397999999999999973879999999999999737937363513420000000000000333299999999999997322999999999999973143052962872792726125224423522721821202193999999999999991860000000000000117817163155148141134127121114108101999999999999999699999999999999391868176716763595552490000000000000044599999999999999643409999999999999963836343129272522999999999999998211917151412110000000000000011Proposed LE Factor0123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120845837827817808798788778768758748738728719000000000000067090000000000000669900000000000006689000000000000066790000000000000666900000000000006666564636261160159158257256255354353452451450549548647646645744743842841840939939383713613520000000000000334299999999999997332999999999999973243153062972882792712622532452362282221220399999999999999195187178999999999999991710000000000000116315614814133126119112105999199999999999999386817576661575349000000000000004459999999999999964239373432328262522999999999999998220000000000000022121212222195714285714286193571428571428991914285714285709918181614110000000000000011
Age
Life Expectancy
Additional Wealth Accumulated due to Proposed New Table
70717273747576777879808182838485868788899091929394959697989910010110210310410510610710810911011111211311411511611711811912002430581684119533776844724757829681161963892853120342844670049378182744965357302967459663361085896613089320101287749130312597393411076628165381620135670532118670123412273826619769607358612328828881924226884001841431376291448110285563156945724838772150222267466495391831268787899337757844489123351568089798110479916674755514119556765757072721353880634861020415223683035608381170136284358287231889958870677556820869936890574638229107424491117712500571084541920627153140055886472935116973971342731580204455252737
Age
Life Expectancy
Additional Wealth Accumulated due to Proposed New Table
4041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889900120149358606431633806070045125670780381013455218635141469190747244282240918299600016333131457654014234665301492535509263348882020730525836331562304403631079626096788561136840609552571551708213817202718921051464841319248256590673736692413097857542951591337090819621887058440844824481080295205680757167749161114373197187677137393601422663882963353060660884960225899107614531107048248851066512717766058207955145624456054260951662457955510867818926111315059476214910497149117292434567042906396127518742262004409310417834259383383494935479421168639279399949176237440736463405182594937808930474240355243593588466756617266706691216686889053661022335376806654433529824855572014647834952395551009066410597612685480621117943841645556512984063768994622138855832599338141452946870391108115184436847423762158678050286680461658186036634445217328044329513609
Age
Life Expectancy
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 59
PLANNING SOLUTIONS TO ANALYZE
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 60
Solutions to AnalyzeOverview
bull Roth conversionsbull Designated Beneficiary - multi-generational spray trustsbull Spousal rollovers and the new spousal rollover trapbull IRAs to CRTsbull IRA trusts for state income tax savingsbull IRA relocation to life insurancebull Life insurance to offset increased tax-risk of early deathbull Naming a charity as a beneficiarybull Avoiding the Five-Year Rulebull Avoiding or using the ldquoGhost Rulerdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 61
Robert S Keebler CPAPFS MST AEP Secure Act Protocol FLOWCHART
Does the Client Wish to Enhance
Wealth Transfer
Explore CRT or Direct Charity
Gifts
Is the Client Charitably Inclined
Explore Insurance Options
Explore Roth Conversion Options
Yes
Yes
No
Explore Eligible Beneficiaries
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 62
Solutions After the Secure Act
Roth ConversionsA Lifetime Conversions by Plan Owner
B Death-Time Conversions by Plan Ownerrsquos Family
C Spousal Rollover Followed by a Roth Conversion
Spousal Rollover StrategiesA Traditional IRA to Spouse ndash 100 Rollover
B Traditional IRA to Spouse ndash X Disclaimer1) Result Deferral until RBD followed by 10-year payout2) Result Children begin a 10-year payout followed by an additional 10 years at the second death
Charitable Remainder TrustsA Death-Time Payment to CRT ndash Spouse
B Death-Time Payment to CRT - Children
Life Insurance ldquoRelocationrdquoA Acquire Life Insurance in ILIT on Plan Owner
B Acquire Life Insurance in ILIT on Spouse
C Acquire Life Insurance in ILIT Second to Die
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 63
THE NEW SPOUSAL ROLLOVER TRAP
Deceased Spouse ChildrenSurviving
Spouse
Old Best Practice
Spousal Rollover
ldquoInheritedrdquoIRA
IRC sect 408
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 64
THE NEW SPOUSAL ROLLOVER TRAP
Old Best Practice amp the New Spousal Rollover Trap
First Death
8 Years 10 Years
Lifetime RMDs
10-Year Rule Distributions
Second Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 65
THE NEW SPOUSAL ROLLOVER TRAP
Deceased Spouse ChildrenSurviving
Spouse
Potential New Best Practice
Spousal Rollover
ldquoInheritedrdquoIRA
ldquoInheritedrdquoIRA
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 66
THE NEW SPOUSAL ROLLOVER TRAP
Potential New Best Practice
First Death
Second Death
8 Years 10 Years
LifetimeRMDs
10-Year Rule Distributions10-Year Rule Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 67
ROTH CONVERSIONSAs it relates to the new 10-year rule the purpose of Roth Conversions is to spread distributions over many
years and lower brackets
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 68
2020 Tax Brackets
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 69
100 100 100
120120
150
220
220
240
240250
280
320
320
330
350
350
350
370
370396
$-
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2017 2020 2020Married Married Single
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 70
Taxation of Roth IRA Distributions
Distribution within 5 years Distribution beyond 5 years
Age lt 59frac12
Age ge 59frac12
Income Tax Yes (earnings only)
10 Penalty Yes (earnings amp taxable portion of prior conversion amounts)
Income Tax Yes (earnings only)
10 Penalty Yes (earnings only)
Income Tax Yes (earnings only)
10 Penalty No
Income Tax No
10 Penalty No
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 71
Mathematics of Roth IRA Conversions
bull In simplest terms a traditional IRA will produce the same after-tax result as a Roth IRA provided thatndash The annual growth rates are the samendash The tax rate in the conversion year is the
same as the tax rate during the withdrawal years (ie A x B x C = D A x C x B = D)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 72
Mathematics of Roth IRA Conversions
Traditional IRA Roth IRA Life InsuranceCurrent Account Balance 1000000$ 1000000$ 1000000$ Less Income Taxes 40 - (400000) (400000) Net Balance 1000000$ 600000$ 600000$
Growth Until Death 30000 30000 30000
Account Balance Death 3000000$ 1800000$ 1800000$ Less Income Taxes 40 (1200000) - - Net Account Balance to Family 1800000$ 1800000$ 1800000$
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 73
Mathematics of Roth IRA Conversions
bull Critical decision factorsndash Tax rate differential (year of conversion vs withdrawal
years)ndash Use of ldquooutside fundsrdquo to pay the income tax liabilityndash Need for IRA funds to meet annual living expensesndash No RMDsndash Tax-free post-mortem distributionsndash Time horizonndash Estate tax considerationsndash Ten Year ldquoRoth Coastrdquo period
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 74
Mathematics of Roth IRA Conversions
Deferral Beyond the RBD
Using Outside Funds to Pay Conversion Tax
Tax Rate Arbitrage
10-Year Post-mortem Tax-free GrowthldquoRoth Coast Periodrdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 75
Mathematics of Roth IRA Conversions
bull The key to successful Roth IRA conversions is usually to avoid large jumps in brackets (eg converting at a 32 when distributions will likely be subject to a 24 rate will often be ineffective)
bull Although brackets are the primary consideration there are others capital gains AMT NIIT 199A etc
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 76
Mathematics of Roth IRA Conversions
10 tax bracket
12 tax bracket
22 tax bracket
24 tax bracket
32 tax bracket
35 tax bracket
Current taxable income
Example of a possible ldquooptimumrdquo conversion amount
37 tax bracket
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 77
10 tax bracket
15 tax bracket
25 tax bracket
28 tax bracket
33 tax bracket
35 tax bracket
396 tax bracket
10 tax bracket
12 tax bracket
22 tax bracket
24 tax bracket
32 tax bracket
35 tax bracket
37 tax bracket
Target Roth IRA conversion range for most ldquomiddle incomerdquo taxpayers
Black steps = Current lawRed steps = Pre-TCJA (which the tax law reverts to in 2026)
Mathematics of Roth IRA Conversions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 78
Mathematics of Roth IRA Conversions
bull Tactical considerationsndash Unused charitable contribution carryoversndash Current year ordinary lossesndash Net Operating Loss (NOL) carryovers ndash Alternative Minimum Tax (AMT) creditsndash Other credit carryovers
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 79
Estate Tax Considerationsbull ldquoMissingrdquo IRC sect691(c) deduction
ndash When a taxpayer dies with an item of Income in Respect of a Decedent (IRD) such as a traditional IRA in hisher taxable estate the estate (andor its beneficiaries) must not only pay estate tax on the IRD but also pay income tax on the IRD
ndash To prevent double-taxation of IRD the federal income tax law allows an income tax deduction (on IRS Form 1040 Schedule A) for federal estate taxes paid on IRD
ndash This is typically known as the ldquoIRC sect691(c) deductionrdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 80
Estate Tax Considerations
bull ldquoMissingrdquo IRC sect691(c) deductionndash The dilemma with the IRC sect691(c) deduction
is that it only is available for federal estate taxes paid on IRD not state deathestate taxes
ndash Thus the state deathestate tax portion is subject to tax twice (ie ldquomissingrdquo IRC sect691(c) deduction)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 81
Estate Tax Considerations
bull ldquoMissingrdquo IRC sect691(c) deduction exampleTraditional
IRA Roth IRAIRA balance 1000000$ 1000000$ Less Federal and state income taxes on Roth IRA conversion (40) - (400000) Taxable Estate 1000000$ 600000$
Federal estate tax (35) 350000$ 210000$ State death tax (10) 100000 60000 Total estate taxes 450000$ 270000$
Post-death traditional IRA balance 1000000$ Less IRC sect691(c) deduction (350000) Post-death traditional IRA balance subject to income tax 650000$
Federal and state income taxes on IRA distributions (40) 260000$ -$
Net IRA balance to beneficiaries 290000$ 330000$
Reconciliation $100000 state death tax x 40 post-death income tax rate = $40000 (double-tax component) OR$400000 income tax on conversion x 10 state death tax rate = $40000 (estate tax savings)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 82
Estate Tax Considerations
bull ldquoFadingrdquo IRC sect691(c) deductionndash Another dilemma with the IRC sect691(c)
deduction is that it is only calculated on the value of the IRD at the time of death
ndash Thus post-death appreciation is not sheltered against income tax by the IRC sect691 deduction resulting in additional income tax being incurred (ie ldquofadingrdquo IRC sect691(c) deduction)
Frozen-in-Time
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 83
Estate Tax Considerationsbull ldquoFadingrdquo IRC sect691(c) deduction example
No Planning
Roth IRA Conversion
at DeathTraditional IRA balance at death 1000000$ 1000000$ Less IRC sect691(c) deduction - (450000) Taxable portion of Roth IRA conversion 1000000$ 550000$
Federal and state income taxes on Roth IRA conversion (40) -$ 220000$
IRA balance available for future distributions 1000000$ 780000$
Total future IRA distributions 2000000$ 1560000$ Less IRC sect691(c) deduction (450000) - Less Amounts not subject to income tax - (1560000) Taxable portion of future IRA distributions 1550000$ -$
Federal and state income taxes on future IRA distributions (40) 620000$ -$
After-tax total future IRA distributions 1380000$ 1560000$
Reconciliation $1560000 - $1380000 = $180000 OR $620000 future income tax liability - $440000 future value of income tax liability on Roth IRA conversion (ie $220000 x 2)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 84
ROTH CONVERSIONS
10 12 22 24 32 35 37
10 000 -004 -024 -028 -043 -049 -053
12 004 000 -020 -024 -039 -045 -049
22 024 020 000 -004 -020 -026 -030
24 028 024 004 000 -016 -022 -026
32 043 039 020 016 000 -006 -010
35 049 045 026 022 006 000 -004
37 053 049 030 026 010 004 000
Rate Conversion
Rate
D
istr
ibut
ion
bull 10-year analysis periodbull 7 rate of returnbull Tax paid from
retirement accountbull RMDs do not start
within period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 85
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of returnbull Tax paid from retirement
accountbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -004 -024 -028 -043 -049 -053
15 010 006 -014 -018 -033 -039 -043
25 030 026 006 002 -014 -020 -024
28 035 031 012 008 -008 -014 -018
33 045 041 022 018 002 -004 -008
35 049 045 026 022 006 000 -004
396 058 054 035 031 015 009 005
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 86
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of returnbull Tax paid from
retirement accountbull RMDs do not start
within period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -008 -046 -054 -085 -097 -104
12 008 000 -039 -046 -077 -089 -097
22 046 039 000 -008 -039 -050 -058
24 054 046 008 000 -031 -043 -050
32 085 077 039 031 000 -012 -019
35 097 089 050 043 012 000 -008
37 104 097 058 050 019 008 000
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 87
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of returnbull Tax paid from retirement
accountbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -008 -046 -054 -085 -097 -104
15 019 012 -027 -035 -066 -077 -085
25 058 050 012 004 -027 -039 -046
28 070 062 023 015 -015 -027 -035
33 089 081 043 035 004 -008 -015
35 097 089 050 043 012 000 -008
396 115 107 068 060 029 018 010
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 88
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 003 -001 -018 -021 -035 -040 -044
12 007 003 -014 -017 -031 -036 -040
22 026 023 006 002 -011 -017 -020
24 030 027 010 006 -007 -013 -016
32 046 042 025 022 008 003 000
35 052 048 031 028 014 009 006
37 056 052 035 032 018 013 010
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 89
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 003 -001 -018 -021 -035 -040 -044
15 012 009 -008 -011 -025 -030 -034
25 032 029 012 008 -005 -011 -014
28 038 035 018 014 000 -005 -008
33 048 044 027 024 010 005 002
35 052 048 031 028 014 009 006
396 061 057 040 037 023 018 015
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 90
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 010 004 -025 -031 -055 -063 -069
12 017 011 -018 -024 -047 -056 -062
22 056 050 021 015 -008 -017 -023
24 064 058 029 023 000 -009 -015
32 095 089 060 054 030 022 016
35 106 100 071 065 042 033 027
37 114 108 079 073 050 041 035
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 91
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 010 004 -025 -031 -055 -063 -069
15 029 023 -006 -012 -035 -044 -050
25 068 062 033 027 003 -005 -011
28 079 073 044 038 015 006 000
33 099 093 064 058 034 026 020
35 106 100 071 065 042 033 027
396 124 118 089 083 060 051 045
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 92
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with inside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 005 001 -021 -025 -042 -048 -052
12 009 005 -016 -021 -037 -044 -048
22 029 025 004 000 -017 -023 -027
24 033 029 008 004 -013 -019 -023
32 050 046 025 020 004 -003 -007
35 056 052 031 027 010 003 -001
37 060 056 035 031 014 008 003
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 93
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with inside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 034 025 -016 -024 -058 -070 -078
12 041 033 -009 -017 -050 -062 -071
22 079 070 029 021 -012 -025 -033
24 086 078 037 028 -005 -017 -025
32 116 108 067 058 025 013 005
35 128 119 078 070 037 024 016
37 135 127 086 077 044 032 023
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 94
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 008 004 -014 -017 -032 -037 -041
12 012 008 -010 -013 -028 -033 -037
22 032 029 011 007 -007 -013 -016
24 037 033 015 011 -003 -009 -012
32 053 049 031 028 013 008 004
35 059 055 037 034 019 014 010
37 063 060 042 038 024 018 015
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 95
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 044 038 007 001 -024 -033 -039
12 052 046 015 009 -016 -025 -031
22 089 083 052 046 022 012 006
24 097 091 060 054 029 020 014
32 127 121 090 084 059 050 044
35 138 132 101 095 071 061 055
37 146 140 109 103 078 069 063
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 96
MULTI-GENERATION SPRAY TRUST
As it relates to the new 10-year rule the purpose of using a spraytrust is to spread income across a large number of taxpayersthereby lowering the effective rate and to retain the ability toaccumulate income as prudent
WARNING Donrsquot forget about the ldquokiddierdquo tax
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 97
General Trust Tax Rules
bull Income taxed to either the trust or the beneficiariesndash If income is accumulated then the income is taxed
to the trustestate ndash If income is distributed then the trustestate gets
an income tax deduction and beneficiaries report taxable income
ndash IRC sect sect(661-663)
Foundational Concepts
Consider how Rothrsquos are taxed
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 98
2020 Ordinary Income Tax Rates for Estates amp TrustsFoundational Concepts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 99
bull Charitable Remainder Trust (CRT)
Donor
Charity(Remainder Beneficiary)
IRA
Donor receives an immediate income tax deduction for present value of the remainder
interest (must be at least 10 of the value of the
assets originally contributed)
At the end of the trust term the charity receives the residual assets
Annual (or more frequent) payments for life (or a term
of years)CRT
Charitable Remainder TrustsOverview
Child(Income Beneficiary)
Warning Charitable
Intent Required
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 100
bull Charitable Remainder Annuity Trust (CRAT)ndash The beneficiaries receive a fixed percentage of the initial trust value or
a stated amount annually or more frequentlyndash The amount paid doesnrsquot change from year to yearndash The annual payment must be 5-50 of the fair market value of the
assets at the time of contributionndash The term of the annuity can be
bull For a term up to 20 yearsbull Over the life of the annuitant(s) bull Over the shorter of the two orbull Over the longer of the two
ndash Run the Exhaustion Testndash 10 Charitable Remainder Test
Charitable Remainder TrustsTypes of CRTs
WarningA CRAT generally requires a greater Charitable Intent because of the exhaustion
Test
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 101
bull Charitable Remainder Unitrust (CRUT)ndash Income beneficiaries receive a stated percentage of the trustrsquos assets
revalued each yearbull The distribution will vary from year-to-year depending on the investment
performance of the trust assets and the amount withdrawn
bull 10 Charitable Remainder Testbull Life or term-of-years
Charitable Remainder TrustsTypes of CRTs
IRA Charitable Remainder Trust
Beneficiary or Trust fbo a Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 102
Charitable Remainder TrustAccumulation Trust ndash CRUT Combination
Consider an out of state accumulation trust as a beneficiary of the CRT
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 103
bull The character of income received by the recipient is subject to and controlled by the tier rules of IRC sect664(b)ndash First distributions are taxed as ordinary incomendash Second distributions are taxed as capital gainsndash Third distributions are taxed as tax-exempt income (eg
municipal bond income)ndash Finally distributions are assumed to be the non-taxable
return of principal
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 104
Tier 1 Tier 2 Tier 3 Tier 4
STEP 1Current Ordinary Income
STEP 2Accumulated
Ordinary Income
STEP 4Accumulated Capital Gains
STEP 3Current
Capital Gains
STEP 5Current Tax-
Exempt Income
STEP 6Accumulated Tax-Exempt
Income
STEP 7Return of Capital
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 105
bull Traditional IRA Distributions are Tier I Incomebull Interest Earned on post-distribution investment
portfolio is Tier I Incomebull Qualified Dividends earned on post-distribution
investment portfolio is Tier II Incomebull Long-Term Capital Gains earned on post distribution
portfolio is Tier II Incomebull IRA Basis is Tier IV return of capital
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 106
Charitable Remainder TrustsExample
bull Assumptionsndash 50-year old beneficiaryndash 6 rate of return 2 yield 4 growthndash 10 turnover ratendash Tax rates 37 on immediate distribution 32 5-
year distribution 24 10-year distribution 22 lifetime distribution amp all CRT models
ndash May 2019 interest rates
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 107
Charitable Remainder TrustsExample
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 108
Charitable Remainder TrustsExample
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 109
State Income Tax Planning
bull Review State Law of the IRA Ownerndash Will the home state tax the out of state IRA Trustndash Does the home state have a throwback rule
bull Design a beneficiary form to be payable to non-grantor trust in states with no income tax
bull The payments ldquotrappedrdquo in the trust will avoid state income taxes (watch out for throwback)
IRA Nevada Designated Beneficiary IRA Trust Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 110
State Income Tax Planning
httpswwwoshinscomstate-rankings-charts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 111
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 112
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 113
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 114
Secure ActLife Insurance Strategies
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 115
Life Insurance
bull Four Strategiesndash IRA Roth Conversion Hedgendash IRA Relocation
bull Policy on Ownerbull Policy on Spousebull Second-to-die policy
- Income Tax Replacement- Roth Conversion
Subsequent to Ownerrsquos Death by spouse
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 116
Itrsquos a Balancing Act hellipBet to Live Bet to Die
Life Insurance ndash Roth Hedge
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 117
Life Insurance ndash Roth Hedge
bull The 10-year rule creates new actuarial risk of early deathndash Under current law qualified accounts can be drawn-down
over decades after death capturing deferral and virtually assuring bracket arbitrage
ndash However a 10-year distribution requirement will unfairly tax those who die when their savings peak around retirement age or shortly thereafter
ndash Life insurance could however offset this risk that family wealth will be lost to tax
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 118
Life Insurance ndash Roth Hedge
bull Roth conversions will be the primary way in which those with large IRAs avoid exposure to higher income tax rates after deathndash However the effectiveness of this strategy
increases with timendash A life insurance policy equal to the difference
between the theoretical terminal tax and the terminal tax in the event of early death would offset this risk
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 119
Life Insurance ndash Roth Hedge
bull Examplendash Mary is a 60-year old divorcee and has $2000000
in her qualified plansndash Maryrsquos accountant projects her retirement tax-
rate to be no greater than 24 with opportunities to undertake Roth Conversions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 120
Life Insurance ndash Roth Hedge
bull Example (cont)ndash With the stretch RMDs to her only child would
generally be subject to a 22-24 ratendash However with a 10-year rule about 50 of
amortized distributions would be subject to a 32 rate
ndash Maryrsquos simple tax-risk of early death is about $80000 [$2000000 x 50 x (32 - 24)]
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 121
Life Insurance ndash Roth Hedge
bull Example (cont)ndash A more complex calculation could also consider
the value of the loss of the qualified accounts Terminal Tax Deferral Tax-free Compounding of Yield No Roth RMDs During LifePost-mortem Roth Earnings
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 122
Life Insurance ndash Roth Hedgebull Note that the tax-cost of early death will
decrease with age for many peopleAv
erag
e Ra
te S
prea
d
Time
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 123
Life Insurance ndash Roth Hedge
bull Therefore a policy structure with a declining death benefit would best offset the risk
bull A whole or universal life product with a term rider may therefore be the best fit
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 124
Life Insurance ndash Relocation
bull The basic theory is that Roth Conversions will generally produce the same tax deferral result as a permanent life insurance policy
bull Therefore using IRA distributions to fund premium payments can sometimes make sensendash Often works for those with excessive RMDs and high tax rates (basic
minimal funding until RMDs begin possible)ndash Often works for those who may be subject to an estate taxndash Can work in other situations
IRA IRA Owner ILITDistribution Annual
Gifts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 125
Traditional IRA Roth IRA Life InsuranceCurrent Account Balance 1000000$ 1000000$ 1000000$ Less Income Taxes 40 - (400000) (400000) Net Balance 1000000$ 600000$ 600000$
Growth Until Death 30000 30000 30000
Account Balance Death 3000000$ 1800000$ 1800000$ Less Income Taxes 40 (1200000) - - Net Account Balance to Family 1800000$ 1800000$ 1800000$
Life Insurance ndash Relocation
The mathematical theory is similar to a Roth conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 126
Income Tax Replacement
bull Simple Approach ndash Single person or married couplendash Project value at time of deathndash Acquire insurance to equal the future income taxndash Manage Tax Brackets over the ten year post-mortem
withdrawal period
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 127
Roth Conversion Subsequent to Ownerrsquos Death by surviving spouse
bull Determine the likely IRA value at first spousersquos death
bull Acquire Insurance to pay the Roth conversion taxes at first spousersquos death
bull Conversions over 1-11 years
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 128
AppendixCharitable Planning with IRAs at Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 129
bull Available Options to Transfer IRD Assets to Charityndash Name a Charity as the Beneficiary of the IRAndash Specific Bequest of IRD Assets to Charity under a Willndash Power of Executor to make a non-pro rata Distribution to
Residuary Beneficiariesndash Assignment of IRD to charity to satisfy a Pecuniary Bequestndash Recognition of income with sect 642(c) Charitable Deductionndash Recognition of income without sect 642(c) Charitable
Deduction
Charitable Planning with IRAsBasic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 130
sect 642(c)(1) General rule
In the case of an estate or trust there shall be allowed as a deduction in computing its taxable income any amount of the gross income without limitation which pursuant to the terms of the governing instrument is during the taxable year paid for a purpose specified in section 170(c)
Charitable Planning with IRAsBasic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 131
sect 642(c)(2) Amounts permanently set aside
There shall also be allowed as a deduction in computing its taxable income any amount of the gross income without limitation which pursuant to the terms of the governing instrument is during the taxable year permanently set aside for a purpose specified in section 170(c)
Applies only to estates ndash not to trusts funded later than 1969See the remainder of the statute for details
Charitable Planning with IRAs Basic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 132
To be added to our IRA update newsletter
please visit
keeblerandassociatescomspeaking
Traditional IRA | Roth IRA | Life Insurance | |||||
Current Account Balance | $ 1000000 | $ 1000000 | $ 1000000 | ||||
Less Income Taxes 40 | - 0 | (400000) | (400000) | ||||
Net Balance | $ 1000000 | $ 600000 | $ 600000 | ||||
Growth Until Death | 30000 | 30000 | 30000 | ||||
Account Balance Death | $ 3000000 | $ 1800000 | $ 1800000 | ||||
Less Income Taxes 40 | (1200000) | - 0 | - 0 | ||||
Net Account Balance to Family | $ 1800000 | $ 1800000 | $ 1800000 |
No Planning | Roth IRA Conversion at Death | ||||
Traditional IRA balance at death | $ 1000000 | $ 1000000 | |||
Less IRC sect691(c) deduction | - 0 | (450000) | |||
Taxable portion of Roth IRA conversion | $ 1000000 | $ 550000 | |||
Federal and state income taxes on Roth IRA conversion (40) | $ - 0 | $ 220000 | |||
IRA balance available for future distributions | $ 1000000 | $ 780000 | |||
Total future IRA distributions | $ 2000000 | $ 1560000 | |||
Less IRC sect691(c) deduction | (450000) | - 0 | |||
Less Amounts not subject to income tax | - 0 | (1560000) | |||
Taxable portion of future IRA distributions | $ 1550000 | $ - 0 | |||
Federal and state income taxes on future IRA distributions (40) | $ 620000 | $ - 0 | |||
After-tax total future IRA distributions | $ 1380000 | $ 1560000 |
Traditional IRA | Roth IRA | ||||
IRA balance | $ 1000000 | $ 1000000 | |||
Less Federal and state income taxes on Roth IRA conversion (40) | - 0 | (400000) | |||
Taxable Estate | $ 1000000 | $ 600000 | |||
Federal estate tax (35) | $ 350000 | $ 210000 | |||
State death tax (10) | 100000 | 60000 | |||
Total estate taxes | $ 450000 | $ 270000 | |||
Post-death traditional IRA balance | $ 1000000 | ||||
Less IRC sect691(c) deduction | (350000) | ||||
Post-death traditional IRA balance subject to income tax | $ 650000 | ||||
Federal and state income taxes on IRA distributions (40) | $ 260000 | $ - 0 | |||
Net IRA balance to beneficiaries | $ 290000 | $ 330000 |
Traditional IRA | Roth IRA | Life Insurance | |||||
Current Account Balance | $ 1000000 | $ 1000000 | $ 1000000 | ||||
Less Income Taxes 40 | - 0 | (400000) | (400000) | ||||
Net Balance | $ 1000000 | $ 600000 | $ 600000 | ||||
Growth Until Death | 30000 | 30000 | 30000 | ||||
Account Balance Death | $ 3000000 | $ 1800000 | $ 1800000 | ||||
Less Income Taxes 40 | (1200000) | - 0 | - 0 | ||||
Net Account Balance to Family | $ 1800000 | $ 1800000 | $ 1800000 |
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
40 | 436 | $ 1000000 | $ 60000 | $ (22936) | $ 1037064 | $ - 0 | $ - 0 | $ 17431 | $ 17431 | $ (248895) | $ 805600 | |||||||||||||||||
41 | 426 | $ 1037064 | $ 62224 | $ (24344) | $ 1074944 | $ 17431 | $ 784 | $ 18502 | $ 36717 | $ (257987) | $ 853675 | |||||||||||||||||
42 | 416 | $ 1074944 | $ 64497 | $ (25840) | $ 1113600 | $ 36717 | $ 1652 | $ 19638 | $ 58008 | $ (267264) | $ 904344 | |||||||||||||||||
43 | 406 | $ 1113600 | $ 66816 | $ (27429) | $ 1152988 | $ 58008 | $ 2610 | $ 20846 | $ 81464 | $ (276717) | $ 957735 | |||||||||||||||||
44 | 396 | $ 1152988 | $ 69179 | $ (29116) | $ 1193051 | $ 81464 | $ 3666 | $ 22128 | $ 107258 | $ (286332) | $ 1013977 | |||||||||||||||||
45 | 386 | $ 1193051 | $ 71583 | $ (30908) | $ 1233726 | $ 107258 | $ 4827 | $ 23490 | $ 135575 | $ (296094) | $ 1073207 | |||||||||||||||||
46 | 376 | $ 1233726 | $ 74024 | $ (32812) | $ 1274938 | $ 135575 | $ 6101 | $ 24937 | $ 166613 | $ (305985) | $ 1135565 | |||||||||||||||||
47 | 366 | $ 1274938 | $ 76496 | $ (34834) | $ 1316600 | $ 166613 | $ 7498 | $ 26474 | $ 200584 | $ (315984) | $ 1201200 | |||||||||||||||||
48 | 356 | $ 1316600 | $ 78996 | $ (36983) | $ 1358613 | $ 200584 | $ 9026 | $ 28107 | $ 237718 | $ (326067) | $ 1270263 | |||||||||||||||||
49 | 346 | $ 1358613 | $ 81517 | $ (39266) | $ 1400863 | $ 237718 | $ 10697 | $ 29842 | $ 278257 | $ (336207) | $ 1342913 | |||||||||||||||||
50 | 336 | $ 1400863 | $ 84052 | $ (41692) | $ 1443223 | $ 278257 | $ 12522 | $ 31686 | $ 322465 | $ (346373) | $ 1419314 | |||||||||||||||||
51 | 326 | $ 1443223 | $ 86593 | $ (44271) | $ 1485546 | $ 322465 | $ 14511 | $ 33646 | $ 370622 | $ (356531) | $ 1499636 | |||||||||||||||||
52 | 316 | $ 1485546 | $ 89133 | $ (47011) | $ 1527667 | $ 370622 | $ 16678 | $ 35728 | $ 423028 | $ (366640) | $ 1584055 | |||||||||||||||||
53 | 306 | $ 1527667 | $ 91660 | $ (49924) | $ 1569404 | $ 423028 | $ 19036 | $ 37942 | $ 480006 | $ (376657) | $ 1672753 | |||||||||||||||||
54 | 296 | $ 1569404 | $ 94164 | $ (53020) | $ 1610547 | $ 480006 | $ 21600 | $ 40295 | $ 541902 | $ (386531) | $ 1765918 | |||||||||||||||||
55 | 286 | $ 1610547 | $ 96633 | $ (56313) | $ 1650867 | $ 541902 | $ 24386 | $ 42798 | $ 609085 | $ (396208) | $ 1863745 | |||||||||||||||||
56 | 276 | $ 1650867 | $ 99052 | $ (59814) | $ 1690105 | $ 609085 | $ 27409 | $ 45459 | $ 681953 | $ (405625) | $ 1966433 | |||||||||||||||||
57 | 266 | $ 1690105 | $ 101406 | $ (63538) | $ 1727974 | $ 681953 | $ 30688 | $ 48289 | $ 760930 | $ (414714) | $ 2074190 | |||||||||||||||||
58 | 256 | $ 1727974 | $ 103678 | $ (67499) | $ 1764153 | $ 760930 | $ 34242 | $ 51299 | $ 846471 | $ (423397) | $ 2187227 | |||||||||||||||||
59 | 246 | $ 1764153 | $ 105849 | $ (71714) | $ 1798289 | $ 846471 | $ 38091 | $ 54502 | $ 939064 | $ (431589) | $ 2305764 | |||||||||||||||||
60 | 236 | $ 1798289 | $ 107897 | $ (76199) | $ 1829988 | $ 939064 | $ 42258 | $ 57911 | $ 1039233 | $ (439197) | $ 2430024 | |||||||||||||||||
61 | 226 | $ 1829988 | $ 109799 | $ (80973) | $ 1858814 | $ 1039233 | $ 46765 | $ 61539 | $ 1147538 | $ (446115) | $ 2560237 | |||||||||||||||||
62 | 216 | $ 1858814 | $ 111529 | $ (86056) | $ 1884287 | $ 1147538 | $ 51639 | $ 65403 | $ 1264580 | $ (452229) | $ 2696638 | |||||||||||||||||
63 | 206 | $ 1884287 | $ 113057 | $ (91470) | $ 1905874 | $ 1264580 | $ 56906 | $ 69517 | $ 1391003 | $ (457410) | $ 2839467 | |||||||||||||||||
64 | 196 | $ 1905874 | $ 114352 | $ (97238) | $ 1922988 | $ 1391003 | $ 62595 | $ 73901 | $ 1527500 | $ (461517) | $ 2988970 | |||||||||||||||||
65 | 186 | $ 1922988 | $ 115379 | $ (103386) | $ 1934980 | $ 1527500 | $ 68737 | $ 78574 | $ 1674811 | $ (464395) | $ 3145396 | |||||||||||||||||
66 | 176 | $ 1934980 | $ 116099 | $ (109942) | $ 1941137 | $ 1674811 | $ 75366 | $ 83556 | $ 1833733 | $ (465873) | $ 3308998 | |||||||||||||||||
67 | 166 | $ 1941137 | $ 116468 | $ (116936) | $ 1940669 | $ 1833733 | $ 82518 | $ 88871 | $ 2005123 | $ (465761) | $ 3480031 | |||||||||||||||||
68 | 156 | $ 1940669 | $ 116440 | $ (124402) | $ 1932708 | $ 2005123 | $ 90231 | $ 94545 | $ 2189899 | $ (463850) | $ 3658756 | |||||||||||||||||
69 | 146 | $ 1932708 | $ 115962 | $ (132377) | $ 1916293 | $ 2189899 | $ 98545 | $ 100607 | $ 2389051 | $ (459910) | $ 3845433 | |||||||||||||||||
70 | 136 | $ 1916293 | $ 114978 | $ (140904) | $ 1890367 | $ 2389051 | $ 107507 | $ 107087 | $ 2603645 | $ (453688) | $ 4040324 | |||||||||||||||||
71 | 126 | $ 1890367 | $ 113422 | $ (150029) | $ 1853760 | $ 2603645 | $ 117164 | $ 114022 | $ 2834831 | $ (444902) | $ 4243688 | |||||||||||||||||
72 | 116 | $ 1853760 | $ 111226 | $ (159807) | $ 1805178 | $ 2834831 | $ 127567 | $ 121453 | $ 3083852 | $ (433243) | $ 4455787 | |||||||||||||||||
73 | 106 | $ 1805178 | $ 108311 | $ (170300) | $ 1743189 | $ 3083852 | $ 138773 | $ 129428 | $ 3352053 | $ (418365) | $ 4676877 | |||||||||||||||||
74 | 96 | $ 1743189 | $ 104591 | $ (181582) | $ 1666198 | $ 3352053 | $ 150842 | $ 138002 | $ 3640898 | $ (399888) | $ 4907208 | |||||||||||||||||
75 | 86 | $ 1666198 | $ 99972 | $ (193744) | $ 1572426 | $ 3640898 | $ 163840 | $ 147245 | $ 3951984 | $ (377382) | $ 5147028 | |||||||||||||||||
76 | 76 | $ 1572426 | $ 94346 | $ (206898) | $ 1459874 | $ 3951984 | $ 177839 | $ 157243 | $ 4287065 | $ (350370) | $ 5396569 | |||||||||||||||||
77 | 66 | $ 1459874 | $ 87592 | $ (221193) | $ 1326273 | $ 4287065 | $ 192918 | $ 168107 | $ 4648090 | $ (318306) | $ 5656058 | |||||||||||||||||
78 | 56 | $ 1326273 | $ 79576 | $ (236834) | $ 1169015 | $ 4648090 | $ 209164 | $ 179994 | $ 5037248 | $ (280564) | $ 5925700 | |||||||||||||||||
79 | 46 | $ 1169015 | $ 70141 | $ (254134) | $ 985022 | $ 5037248 | $ 226676 | $ 193142 | $ 5457066 | $ (236405) | $ 6205683 | |||||||||||||||||
80 | 36 | $ 985022 | $ 59101 | $ (273617) | $ 770506 | $ 5457066 | $ 245568 | $ 207949 | $ 5910583 | $ (184921) | $ 6496168 | |||||||||||||||||
81 | 26 | $ 770506 | $ 46230 | $ (296349) | $ 520388 | $ 5910583 | $ 265976 | $ 225225 | $ 6401784 | $ (124893) | $ 6797279 | |||||||||||||||||
82 | 16 | $ 520388 | $ 31223 | $ (325243) | $ 226369 | $ 6401784 | $ 288080 | $ 247184 | $ 6937049 | $ (54329) | $ 7109089 | |||||||||||||||||
83 | 10 | $ 226369 | $ 13582 | $ (226369) | $ 13582 | $ 6937049 | $ 312167 | $ 172040 | $ 7421256 | $ (3260) | $ 7431579 | |||||||||||||||||
84 | 10 | $ 13582 | $ 815 | -135821278287923 | $ 815 | $ 7421256 | $ 333957 | $ 10322 | $ 7765535 | $ (196) | $ 7766155 | |||||||||||||||||
85 | 10 | $ 815 | $ 49 | $ (815) | $ 49 | $ 7765535 | $ 349449 | $ 619 | $ 8115604 | $ (12) | $ 8115641 | |||||||||||||||||
86 | 10 | $ 49 | $ 3 | $ (49) | $ 3 | $ 8115604 | $ 365202 | $ 37 | $ 8480843 | $ (1) | $ 8480845 | |||||||||||||||||
87 | 10 | $ 3 | $ 0 | $ (3) | $ 0 | $ 8480843 | $ 381638 | $ 2 | $ 8862483 | $ (0) | $ 8862483 | |||||||||||||||||
88 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 8862483 | $ 398812 | $ 0 | $ 9261295 | $ (0) | $ 9261295 | |||||||||||||||||
89 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9261295 | $ 416758 | $ 0 | $ 9678054 | $ (0) | $ 9678054 | |||||||||||||||||
90 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9678054 | $ 435512 | $ 0 | $ 10113566 | $ (0) | $ 10113566 | |||||||||||||||||
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
40 | 457 | $ 1000000 | $ 60000 | $ (21882) | $ 1038118 | $ - 0 | $ - 0 | $ 16630 | $ 16630 | $ (249148) | $ 805600 | $ - 0 | ||||||||||||||||
41 | 447 | $ 1038118 | $ 62287 | $ (23224) | $ 1077181 | $ 16630 | $ 748 | $ 17650 | $ 35029 | $ (258523) | $ 853687 | $ 12 | ||||||||||||||||
42 | 437 | $ 1077181 | $ 64631 | $ (24649) | $ 1117163 | $ 35029 | $ 1576 | $ 18734 | $ 55339 | $ (268119) | $ 904382 | $ 38 | ||||||||||||||||
43 | 427 | $ 1117163 | $ 67030 | $ (26163) | $ 1158029 | $ 55339 | $ 2490 | $ 19884 | $ 77713 | $ (277927) | $ 957815 | $ 80 | ||||||||||||||||
44 | 417 | $ 1158029 | $ 69482 | $ (27770) | $ 1199741 | $ 77713 | $ 3497 | $ 21106 | $ 102316 | $ (287938) | $ 1014118 | $ 141 | ||||||||||||||||
45 | 407 | $ 1199741 | $ 71984 | $ (29478) | $ 1242247 | $ 102316 | $ 4604 | $ 22403 | $ 129323 | $ (298139) | $ 1073431 | $ 224 | ||||||||||||||||
46 | 397 | $ 1242247 | $ 74535 | $ (31291) | $ 1285491 | $ 129323 | $ 5820 | $ 23781 | $ 158923 | $ (308518) | $ 1135897 | $ 331 | ||||||||||||||||
47 | 387 | $ 1285491 | $ 77129 | $ (33217) | $ 1329404 | $ 158923 | $ 7152 | $ 25245 | $ 191320 | $ (319057) | $ 1201667 | $ 467 | ||||||||||||||||
48 | 377 | $ 1329404 | $ 79764 | $ (35263) | $ 1373905 | $ 191320 | $ 8609 | $ 26800 | $ 226729 | $ (329737) | $ 1270897 | $ 633 | ||||||||||||||||
49 | 367 | $ 1373905 | $ 82434 | $ (37436) | $ 1418904 | $ 226729 | $ 10203 | $ 28451 | $ 265383 | $ (340537) | $ 1343750 | $ 836 | ||||||||||||||||
50 | 357 | $ 1418904 | $ 85134 | $ (39745) | $ 1464293 | $ 265383 | $ 11942 | $ 30206 | $ 307532 | $ (351430) | $ 1420394 | $ 1080 | ||||||||||||||||
51 | 347 | $ 1464293 | $ 87858 | $ (42199) | $ 1509952 | $ 307532 | $ 13839 | $ 32071 | $ 353441 | $ (362388) | $ 1501005 | $ 1368 | ||||||||||||||||
52 | 337 | $ 1509952 | $ 90597 | $ (44806) | $ 1555743 | $ 353441 | $ 15905 | $ 34052 | $ 403399 | $ (373378) | $ 1585763 | $ 1708 | ||||||||||||||||
53 | 327 | $ 1555743 | $ 93345 | $ (47576) | $ 1601511 | $ 403399 | $ 18153 | $ 36158 | $ 457710 | $ (384363) | $ 1674858 | $ 2105 | ||||||||||||||||
54 | 317 | $ 1601511 | $ 96091 | $ (50521) | $ 1647081 | $ 457710 | $ 20597 | $ 38396 | $ 516702 | $ (395299) | $ 1768484 | $ 2566 | ||||||||||||||||
55 | 307 | $ 1647081 | $ 98825 | $ (53651) | $ 1692255 | $ 516702 | $ 23252 | $ 40775 | $ 580729 | $ (406141) | $ 1866843 | $ 3098 | ||||||||||||||||
56 | 297 | $ 1692255 | $ 101535 | $ (56978) | $ 1736812 | $ 580729 | $ 26133 | $ 43303 | $ 650165 | $ (416835) | $ 1970142 | $ 3709 | ||||||||||||||||
57 | 287 | $ 1736812 | $ 104209 | $ (60516) | $ 1780505 | $ 650165 | $ 29257 | $ 45992 | $ 725415 | $ (427321) | $ 2078598 | $ 4408 | ||||||||||||||||
58 | 277 | $ 1780505 | $ 106830 | $ (64278) | $ 1823057 | $ 725415 | $ 32644 | $ 48851 | $ 806910 | $ (437534) | $ 2192433 | $ 5206 | ||||||||||||||||
59 | 267 | $ 1823057 | $ 109383 | $ (68279) | $ 1864161 | $ 806910 | $ 36311 | $ 51892 | $ 895113 | $ (447399) | $ 2311875 | $ 6111 | ||||||||||||||||
60 | 257 | $ 1864161 | $ 111850 | $ (72535) | $ 1903475 | $ 895113 | $ 40280 | $ 55127 | $ 990520 | $ (456834) | $ 2437161 | $ 7137 | ||||||||||||||||
61 | 247 | $ 1903475 | $ 114209 | $ (77064) | $ 1940620 | $ 990520 | $ 44573 | $ 58568 | $ 1093662 | $ (465749) | $ 2568533 | $ 8296 | ||||||||||||||||
62 | 237 | $ 1940620 | $ 116437 | $ (81883) | $ 1975175 | $ 1093662 | $ 49215 | $ 62231 | $ 1205107 | $ (474042) | $ 2706240 | $ 9602 | ||||||||||||||||
63 | 227 | $ 1975175 | $ 118510 | $ (87012) | $ 2006673 | $ 1205107 | $ 54230 | $ 66129 | $ 1325466 | $ (481602) | $ 2850538 | $ 11070 | ||||||||||||||||
64 | 217 | $ 2006673 | $ 120400 | $ (92473) | $ 2034600 | $ 1325466 | $ 59646 | $ 70280 | $ 1455392 | $ (488304) | $ 3001688 | $ 12718 | ||||||||||||||||
65 | 207 | $ 2034600 | $ 122076 | $ (98290) | $ 2058386 | $ 1455392 | $ 65493 | $ 74700 | $ 1595585 | $ (494013) | $ 3159958 | $ 14562 | ||||||||||||||||
66 | 197 | $ 2058386 | $ 123503 | $ (104487) | $ 2077403 | $ 1595585 | $ 71801 | $ 79410 | $ 1746796 | $ (498577) | $ 3325622 | $ 16625 | ||||||||||||||||
67 | 187 | $ 2077403 | $ 124644 | $ (111091) | $ 2090956 | $ 1746796 | $ 78606 | $ 84429 | $ 1909831 | $ (501829) | $ 3498958 | $ 18926 | ||||||||||||||||
68 | 177 | $ 2090956 | $ 125457 | $ (118133) | $ 2098280 | $ 1909831 | $ 85942 | $ 89781 | $ 2085555 | $ (503587) | $ 3680248 | $ 21491 | ||||||||||||||||
69 | 167 | $ 2098280 | $ 125897 | $ (125646) | $ 2098531 | $ 2085555 | $ 93850 | $ 95491 | $ 2274895 | $ (503648) | $ 3869779 | $ 24346 | ||||||||||||||||
70 | 157 | $ 2098531 | $ 125912 | $ (133664) | $ 2090779 | $ 2274895 | $ 102370 | $ 101585 | $ 2478851 | $ (501787) | $ 4067842 | $ 27519 | ||||||||||||||||
71 | 147 | $ 2090779 | $ 125447 | $ (142230) | $ 2073996 | $ 2478851 | $ 111548 | $ 108095 | $ 2698493 | $ (497759) | $ 4274730 | $ 31042 | ||||||||||||||||
72 | 137 | $ 2073996 | $ 124440 | $ (151387) | $ 2047049 | $ 2698493 | $ 121432 | $ 115054 | $ 2934979 | $ (491292) | $ 4490737 | $ 34949 | ||||||||||||||||
73 | 127 | $ 2047049 | $ 122823 | $ (161185) | $ 2008687 | $ 2934979 | $ 132074 | $ 122501 | $ 3189554 | $ (482085) | $ 4716156 | $ 39279 | ||||||||||||||||
74 | 117 | $ 2008687 | $ 120521 | $ (171683) | $ 1957525 | $ 3189554 | $ 143530 | $ 130479 | $ 3463563 | $ (469806) | $ 4951282 | $ 44074 | ||||||||||||||||
75 | 107 | $ 1957525 | $ 117452 | $ (182946) | $ 1892031 | $ 3463563 | $ 155860 | $ 139039 | $ 3758462 | $ (454087) | $ 5196406 | $ 49378 | ||||||||||||||||
76 | 97 | $ 1892031 | $ 113522 | $ (195055) | $ 1810498 | $ 3758462 | $ 169131 | $ 148242 | $ 4075835 | $ (434519) | $ 5451813 | $ 55244 | ||||||||||||||||
77 | 87 | $ 1810498 | $ 108630 | $ (208103) | $ 1711024 | $ 4075835 | $ 183413 | $ 158158 | $ 4417406 | $ (410646) | $ 5717784 | $ 61727 | ||||||||||||||||
78 | 77 | $ 1711024 | $ 102661 | $ (222211) | $ 1591475 | $ 4417406 | $ 198783 | $ 168880 | $ 4785069 | $ (381954) | $ 5994590 | $ 68891 | ||||||||||||||||
79 | 67 | $ 1591475 | $ 95488 | $ (237534) | $ 1449430 | $ 4785069 | $ 215328 | $ 180526 | $ 5180923 | $ (347863) | $ 6282490 | $ 76807 | ||||||||||||||||
80 | 57 | $ 1449430 | $ 86966 | $ (254286) | $ 1282110 | $ 5180923 | $ 233142 | $ 193257 | $ 5607322 | $ (307706) | $ 6581725 | $ 85557 | ||||||||||||||||
81 | 47 | $ 1282110 | $ 76927 | $ (272789) | $ 1086247 | $ 5607322 | $ 252329 | $ 207320 | $ 6066971 | $ (260699) | $ 6892519 | $ 95240 | ||||||||||||||||
82 | 37 | $ 1086247 | $ 65175 | $ (293580) | $ 857842 | $ 6066971 | $ 273014 | $ 223121 | $ 6563106 | $ (205882) | $ 7215065 | $ 105976 | ||||||||||||||||
83 | 27 | $ 857842 | $ 51470 | $ (317719) | $ 591593 | $ 6563106 | $ 295340 | $ 241467 | $ 7099912 | $ (141982) | $ 7549523 | $ 117944 | ||||||||||||||||
84 | 17 | $ 591593 | $ 35496 | $ (347996) | $ 279093 | $ 7099912 | $ 319496 | $ 264477 | $ 7683885 | $ (66982) | $ 7895995 | $ 129841 | ||||||||||||||||
85 | 10 | $ 279093 | $ 16746 | $ (279093) | $ 16746 | $ 7683885 | $ 345775 | $ 212110 | $ 8241770 | $ (4019) | $ 8254497 | $ 138856 | ||||||||||||||||
86 | 10 | $ 16746 | $ 1005 | $ (16746) | $ 1005 | $ 8241770 | $ 370880 | $ 12727 | $ 8625376 | $ (241) | $ 8626140 | $ 145295 | ||||||||||||||||
87 | 10 | $ 1005 | $ 60 | $ (1005) | $ 60 | $ 8625376 | $ 388142 | $ 764 | $ 9014282 | $ (14) | $ 9014328 | $ 151844 | ||||||||||||||||
88 | 10 | $ 60 | $ 4 | $ (60) | $ 4 | $ 9014282 | $ 405643 | $ 46 | $ 9419971 | $ (1) | $ 9419973 | $ 158678 | ||||||||||||||||
89 | 10 | $ 4 | $ 0 | $ (4) | $ 0 | $ 9419971 | $ 423899 | $ 3 | $ 9843872 | $ (0) | $ 9843872 | $ 165819 | ||||||||||||||||
90 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9843872 | $ 442974 | $ 0 | $ 10286846 | $ (0) | $ 10286846 | $ 173280 |
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
70 | 274 | $ 1000000 | $ 60000 | $ (36496) | $ 1023504 | $ - 0 | $ - 0 | $ 27737 | $ 27737 | $ (245641) | $ 805600 | |||||||||||||||||
71 | 265 | $ 1023504 | $ 61410 | $ (38623) | $ 1046291 | $ 27737 | $ 1248 | $ 29353 | $ 58339 | $ (251110) | $ 853520 | |||||||||||||||||
72 | 256 | $ 1046291 | $ 62777 | $ (40871) | $ 1068198 | $ 58339 | $ 2625 | $ 31062 | $ 92026 | $ (256367) | $ 903856 | |||||||||||||||||
73 | 247 | $ 1068198 | $ 64092 | $ (43247) | $ 1089043 | $ 92026 | $ 4141 | $ 32868 | $ 129035 | $ (261370) | $ 956707 | |||||||||||||||||
74 | 238 | $ 1089043 | $ 65343 | $ (45758) | $ 1108627 | $ 129035 | $ 5807 | $ 34776 | $ 169617 | $ (266071) | $ 1012174 | |||||||||||||||||
75 | 229 | $ 1108627 | $ 66518 | $ (48412) | $ 1126733 | $ 169617 | $ 7633 | $ 36793 | $ 214043 | $ (270416) | $ 1070360 | |||||||||||||||||
76 | 220 | $ 1126733 | $ 67604 | $ (51215) | $ 1143122 | $ 214043 | $ 9632 | $ 38924 | $ 262598 | $ (274349) | $ 1131371 | |||||||||||||||||
77 | 212 | $ 1143122 | $ 68587 | $ (53921) | $ 1157789 | $ 262598 | $ 11817 | $ 40980 | $ 315395 | $ (277869) | $ 1195314 | |||||||||||||||||
78 | 203 | $ 1157789 | $ 69467 | $ (57034) | $ 1170222 | $ 315395 | $ 14193 | $ 43346 | $ 372934 | $ (280853) | $ 1262302 | |||||||||||||||||
79 | 195 | $ 1170222 | $ 70213 | $ (60011) | $ 1180424 | $ 372934 | $ 16782 | $ 45609 | $ 435324 | $ (283302) | $ 1332446 | |||||||||||||||||
80 | 187 | $ 1180424 | $ 70825 | $ (63124) | $ 1188125 | $ 435324 | $ 19590 | $ 47974 | $ 502888 | $ (285150) | $ 1405863 | |||||||||||||||||
81 | 179 | $ 1188125 | $ 71288 | $ (66376) | $ 1193037 | $ 502888 | $ 22630 | $ 50446 | $ 575964 | $ (286329) | $ 1482672 | |||||||||||||||||
82 | 171 | $ 1193037 | $ 71582 | $ (69768) | $ 1194851 | $ 575964 | $ 25918 | $ 53024 | $ 654906 | $ (286764) | $ 1562993 | |||||||||||||||||
83 | 163 | $ 1194851 | $ 71691 | $ (73304) | $ 1193238 | $ 654906 | $ 29471 | $ 55711 | $ 740088 | $ (286377) | $ 1646949 | |||||||||||||||||
84 | 155 | $ 1193238 | $ 71594 | $ (76983) | $ 1187849 | $ 740088 | $ 33304 | $ 58507 | $ 831899 | $ (285084) | $ 1734664 | |||||||||||||||||
85 | 148 | $ 1187849 | $ 71271 | $ (80260) | $ 1178860 | $ 831899 | $ 37435 | $ 60998 | $ 930332 | $ (282926) | $ 1826266 | |||||||||||||||||
86 | 141 | $ 1178860 | $ 70732 | $ (83607) | $ 1165985 | $ 930332 | $ 41865 | $ 63541 | $ 1035738 | $ (279836) | $ 1921887 | |||||||||||||||||
87 | 134 | $ 1165985 | $ 69959 | $ (87014) | $ 1148930 | $ 1035738 | $ 46608 | $ 66130 | $ 1148477 | $ (275743) | $ 2021664 | |||||||||||||||||
88 | 127 | $ 1148930 | $ 68936 | $ (90467) | $ 1127399 | $ 1148477 | $ 51681 | $ 68755 | $ 1268913 | $ (270576) | $ 2125736 | |||||||||||||||||
89 | 120 | $ 1127399 | $ 67644 | $ (93950) | $ 1101093 | $ 1268913 | $ 57101 | $ 71402 | $ 1397416 | $ (264262) | $ 2234247 | |||||||||||||||||
90 | 114 | $ 1101093 | $ 66066 | $ (96587) | $ 1070571 | $ 1397416 | $ 62884 | $ 73406 | $ 1533706 | $ (256937) | $ 2347340 | |||||||||||||||||
91 | 108 | $ 1070571 | $ 64234 | $ (99127) | $ 1035679 | $ 1533706 | $ 69017 | $ 75337 | $ 1678059 | $ (248563) | $ 2465175 | |||||||||||||||||
92 | 102 | $ 1035679 | $ 62141 | $ (101537) | $ 996282 | $ 1678059 | $ 75513 | $ 77168 | $ 1830740 | $ (239108) | $ 2587915 | |||||||||||||||||
93 | 96 | $ 996282 | $ 59777 | $ (103779) | $ 952280 | $ 1830740 | $ 82383 | $ 78872 | $ 1991996 | $ (228547) | $ 2715729 | |||||||||||||||||
94 | 91 | $ 952280 | $ 57137 | $ (104646) | $ 904770 | $ 1991996 | $ 89640 | $ 79531 | $ 2161167 | $ (217145) | $ 2848792 | |||||||||||||||||
95 | 86 | $ 904770 | $ 54286 | $ (105206) | $ 853851 | $ 2161167 | $ 97253 | $ 79956 | $ 2338376 | $ (204924) | $ 2987303 | |||||||||||||||||
96 | 81 | $ 853851 | $ 51231 | $ (105414) | $ 799668 | $ 2338376 | $ 105227 | $ 80114 | $ 2523717 | $ (191920) | $ 3131465 | |||||||||||||||||
97 | 76 | $ 799668 | $ 47980 | $ (105219) | $ 742429 | $ 2523717 | $ 113567 | $ 79967 | $ 2717251 | $ (178183) | $ 3281497 | |||||||||||||||||
98 | 71 | $ 742429 | $ 44546 | $ (104567) | $ 682407 | $ 2717251 | $ 122276 | $ 79471 | $ 2918999 | $ (163778) | $ 3437628 | |||||||||||||||||
99 | 67 | $ 682407 | $ 40944 | $ (101852) | $ 621500 | $ 2918999 | $ 131355 | $ 77407 | $ 3127761 | $ (149160) | $ 3600101 | |||||||||||||||||
100 | 63 | $ 621500 | $ 37290 | $ (98651) | $ 560139 | $ 3127761 | $ 140749 | $ 74975 | $ 3343485 | $ (134433) | $ 3769191 | |||||||||||||||||
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
70 | 291 | $ 1000000 | $ 60000 | $ (34364) | $ 1025636 | $ - 0 | $ - 0 | $ 26117 | $ 26117 | $ (246153) | $ 805600 | $ - 0 | ||||||||||||||||
71 | 282 | $ 1025636 | $ 61538 | $ (36370) | $ 1050804 | $ 26117 | $ 1175 | $ 27641 | $ 54933 | $ (252193) | $ 853544 | $ 24 | ||||||||||||||||
72 | 273 | $ 1050804 | $ 63048 | $ (38491) | $ 1075361 | $ 54933 | $ 2472 | $ 29253 | $ 86658 | $ (258087) | $ 903933 | $ 77 | ||||||||||||||||
73 | 264 | $ 1075361 | $ 64522 | $ (40733) | $ 1099149 | $ 86658 | $ 3900 | $ 30957 | $ 121515 | $ (263796) | $ 956869 | $ 162 | ||||||||||||||||
74 | 255 | $ 1099149 | $ 65949 | $ (43104) | $ 1121994 | $ 121515 | $ 5468 | $ 32759 | $ 159743 | $ (269279) | $ 1012458 | $ 284 | ||||||||||||||||
75 | 246 | $ 1121994 | $ 67320 | $ (45610) | $ 1143705 | $ 159743 | $ 7188 | $ 34663 | $ 201594 | $ (274489) | $ 1070810 | $ 450 | ||||||||||||||||
76 | 237 | $ 1143705 | $ 68622 | $ (48258) | $ 1164069 | $ 201594 | $ 9072 | $ 36676 | $ 247342 | $ (279377) | $ 1132034 | $ 663 | ||||||||||||||||
77 | 228 | $ 1164069 | $ 69844 | $ (51056) | $ 1182858 | $ 247342 | $ 11130 | $ 38802 | $ 297274 | $ (283886) | $ 1196246 | $ 932 | ||||||||||||||||
78 | 219 | $ 1182858 | $ 70971 | $ (54012) | $ 1199817 | $ 297274 | $ 13377 | $ 41049 | $ 351701 | $ (287956) | $ 1263562 | $ 1260 | ||||||||||||||||
79 | 210 | $ 1199817 | $ 71989 | $ (57134) | $ 1214672 | $ 351701 | $ 15827 | $ 43422 | $ 410949 | $ (291521) | $ 1334100 | $ 1654 | ||||||||||||||||
80 | 202 | $ 1214672 | $ 72880 | $ (60132) | $ 1227420 | $ 410949 | $ 18493 | $ 45701 | $ 475143 | $ (294581) | $ 1407982 | $ 2119 | ||||||||||||||||
81 | 193 | $ 1227420 | $ 73645 | $ (63597) | $ 1237469 | $ 475143 | $ 21381 | $ 48334 | $ 544858 | $ (296992) | $ 1485334 | $ 2662 | ||||||||||||||||
82 | 184 | $ 1237469 | $ 74248 | $ (67254) | $ 1244463 | $ 544858 | $ 24519 | $ 51113 | $ 620489 | $ (298671) | $ 1566281 | $ 3288 | ||||||||||||||||
83 | 176 | $ 1244463 | $ 74668 | $ (70708) | $ 1248423 | $ 620489 | $ 27922 | $ 53738 | $ 702149 | $ (299621) | $ 1650951 | $ 4002 | ||||||||||||||||
84 | 168 | $ 1248423 | $ 74905 | $ (74311) | $ 1249017 | $ 702149 | $ 31597 | $ 56476 | $ 790222 | $ (299764) | $ 1739475 | $ 4811 | ||||||||||||||||
85 | 160 | $ 1249017 | $ 74941 | $ (78064) | $ 1245895 | $ 790222 | $ 35560 | $ 59328 | $ 885111 | $ (299015) | $ 1831990 | $ 5725 | ||||||||||||||||
86 | 152 | $ 1245895 | $ 74754 | $ (81967) | $ 1238682 | $ 885111 | $ 39830 | $ 62295 | $ 987235 | $ (297284) | $ 1928633 | $ 6747 | ||||||||||||||||
87 | 144 | $ 1238682 | $ 74321 | $ (86020) | $ 1226983 | $ 987235 | $ 44426 | $ 65375 | $ 1097036 | $ (294476) | $ 2029543 | $ 7879 | ||||||||||||||||
88 | 136 | $ 1226983 | $ 73619 | $ (90219) | $ 1210383 | $ 1097036 | $ 49367 | $ 68567 | $ 1214969 | $ (290492) | $ 2134860 | $ 9123 | ||||||||||||||||
89 | 129 | $ 1210383 | $ 72623 | $ (93828) | $ 1189177 | $ 1214969 | $ 54674 | $ 71309 | $ 1340952 | $ (285403) | $ 2244727 | $ 10480 | ||||||||||||||||
90 | 121 | $ 1189177 | $ 71351 | $ (98279) | $ 1162249 | $ 1340952 | $ 60343 | $ 74692 | $ 1475987 | $ (278940) | $ 2359296 | $ 11956 | ||||||||||||||||
91 | 114 | $ 1162249 | $ 69735 | $ (101952) | $ 1130032 | $ 1475987 | $ 66419 | $ 77483 | $ 1619890 | $ (271208) | $ 2478714 | $ 13539 | ||||||||||||||||
92 | 108 | $ 1130032 | $ 67802 | $ (104633) | $ 1093202 | $ 1619890 | $ 72895 | $ 79521 | $ 1772305 | $ (262368) | $ 2603139 | $ 15224 | ||||||||||||||||
93 | 101 | $ 1093202 | $ 65592 | $ (108238) | $ 1050556 | $ 1772305 | $ 79754 | $ 82261 | $ 1934320 | $ (252133) | $ 2732742 | $ 17014 | ||||||||||||||||
94 | 95 | $ 1050556 | $ 63033 | $ (110585) | $ 1003004 | $ 1934320 | $ 87044 | $ 84044 | $ 2105409 | $ (240721) | $ 2867692 | $ 18900 | ||||||||||||||||
95 | 89 | $ 1003004 | $ 60180 | $ (112697) | $ 950488 | $ 2105409 | $ 94743 | $ 85650 | $ 2285802 | $ (228117) | $ 3008172 | $ 20870 | ||||||||||||||||
96 | 83 | $ 950488 | $ 57029 | $ (114517) | $ 893000 | $ 2285802 | $ 102861 | $ 87033 | $ 2475696 | $ (214320) | $ 3154376 | $ 22911 | ||||||||||||||||
97 | 78 | $ 893000 | $ 53580 | $ (114487) | $ 832093 | $ 2475696 | $ 111406 | $ 87010 | $ 2674112 | $ (199702) | $ 3306503 | $ 25006 | ||||||||||||||||
98 | 73 | $ 832093 | $ 49926 | $ (113985) | $ 768033 | $ 2674112 | $ 120335 | $ 86629 | $ 2881076 | $ (184328) | $ 3464781 | $ 27153 | ||||||||||||||||
99 | 68 | $ 768033 | $ 46082 | $ (112946) | $ 701169 | $ 2881076 | $ 129648 | $ 85839 | $ 3096564 | $ (168281) | $ 3629452 | $ 29351 | ||||||||||||||||
100 | 64 | $ 701169 | $ 42070 | $ (109558) | $ 633682 | $ 3096564 | $ 139345 | $ 83264 | $ 3319173 | $ (152084) | $ 3800771 | $ 31580 |
Age | Current LE Factor | Proposed LE Factor | ||||
0 | 824 | 845 | ||||
1 | 816 | 837 | ||||
2 | 806 | 827 | ||||
3 | 797 | 817 | ||||
4 | 787 | 808 | ||||
5 | 777 | 798 | ||||
6 | 767 | 788 | ||||
7 | 758 | 778 | ||||
8 | 748 | 768 | ||||
9 | 738 | 758 | ||||
10 | 728 | 748 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
11 | 718 | 738 | ||||
12 | 708 | 728 | ||||
13 | 699 | 719 | ||||
14 | 689 | 709 | ||||
15 | 679 | 699 | ||||
16 | 669 | 689 | ||||
17 | 660 | 679 | ||||
18 | 650 | 669 | ||||
19 | 640 | 660 | ||||
20 | 630 | 650 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
21 | 621 | 640 | ||||
22 | 611 | 630 | ||||
23 | 601 | 620 | ||||
24 | 591 | 611 | ||||
25 | 582 | 601 | ||||
26 | 572 | 591 | ||||
27 | 562 | 582 | ||||
28 | 553 | 572 | ||||
29 | 543 | 562 | ||||
30 | 533 | 553 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
31 | 524 | 543 | ||||
32 | 514 | 534 | ||||
33 | 504 | 524 | ||||
34 | 494 | 514 | ||||
35 | 485 | 505 | ||||
36 | 475 | 495 | ||||
37 | 465 | 486 | ||||
38 | 456 | 476 | ||||
39 | 446 | 466 | ||||
40 | 436 | 457 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
41 | 427 | 447 | ||||
42 | 417 | 438 | ||||
43 | 407 | 428 | ||||
44 | 398 | 418 | ||||
45 | 388 | 409 | ||||
46 | 379 | 399 | ||||
47 | 370 | 390 | ||||
48 | 360 | 380 | ||||
49 | 351 | 371 | ||||
50 | 342 | 361 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
51 | 333 | 352 | ||||
52 | 323 | 343 | ||||
53 | 314 | 333 | ||||
54 | 305 | 324 | ||||
55 | 296 | 315 | ||||
56 | 287 | 306 | ||||
57 | 279 | 297 | ||||
58 | 270 | 288 | ||||
59 | 261 | 279 | ||||
60 | 252 | 271 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
61 | 244 | 262 | ||||
62 | 235 | 253 | ||||
63 | 227 | 245 | ||||
64 | 218 | 236 | ||||
65 | 210 | 228 | ||||
66 | 202 | 220 | ||||
67 | 194 | 212 | ||||
68 | 186 | 204 | ||||
69 | 178 | 195 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
70 | 170 | 187 | ||||
71 | 163 | 179 | ||||
72 | 155 | 171 | ||||
73 | 148 | 163 | ||||
74 | 141 | 156 | ||||
75 | 134 | 148 | ||||
76 | 127 | 140 | ||||
77 | 121 | 133 | ||||
78 | 114 | 126 | ||||
79 | 108 | 119 | ||||
80 | 102 | 112 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
81 | 97 | 105 | ||||
82 | 91 | 99 | ||||
83 | 86 | 92 | ||||
84 | 81 | 86 | ||||
85 | 76 | 81 | ||||
86 | 71 | 75 | ||||
87 | 67 | 70 | ||||
88 | 63 | 66 | ||||
89 | 59 | 61 | ||||
90 | 55 | 57 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
91 | 52 | 53 | ||||
92 | 49 | 49 | ||||
93 | 46 | 46 | ||||
94 | 43 | 42 | ||||
95 | 41 | 39 | ||||
96 | 38 | 37 | ||||
97 | 36 | 34 | ||||
98 | 34 | 32 | ||||
99 | 31 | 30 | ||||
100 | 29 | 28 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
101 | 27 | 26 | ||||
102 | 25 | 25 | ||||
103 | 23 | 23 | ||||
104 | 21 | 22 | ||||
105 | 19 | 21 | ||||
106 | 17 | 21 | ||||
107 | 15 | 21 | ||||
108 | 14 | 20 | ||||
109 | 12 | 20 | ||||
110 | 11 | 20 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
111 | 10 | 20 | ||||
112 | 20 | |||||
113 | 19 | |||||
114 | 19 | |||||
115 | 18 | |||||
116 | 18 | |||||
117 | 16 | |||||
118 | 14 | |||||
119 | 11 | |||||
120 | 10 |
Age | Current LE Factor | Proposed LE Factor | ||||
70 | 274 | 291 | ||||
71 | 265 | 282 | ||||
72 | 256 | 273 | ||||
73 | 247 | 264 | ||||
74 | 238 | 255 | ||||
75 | 229 | 246 | ||||
76 | 220 | 237 | ||||
77 | 212 | 228 | ||||
78 | 203 | 219 | ||||
79 | 195 | 210 | ||||
80 | 187 | 202 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
81 | 179 | 193 | ||||
82 | 171 | 184 | ||||
83 | 163 | 176 | ||||
84 | 155 | 168 | ||||
85 | 148 | 160 | ||||
86 | 141 | 152 | ||||
87 | 134 | 144 | ||||
88 | 127 | 136 | ||||
89 | 120 | 129 | ||||
90 | 114 | 121 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
91 | 108 | 114 | ||||
92 | 102 | 108 | ||||
93 | 96 | 101 | ||||
94 | 91 | 95 | ||||
95 | 86 | 89 | ||||
96 | 81 | 83 | ||||
97 | 76 | 78 | ||||
98 | 71 | 73 | ||||
99 | 67 | 68 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
100 | 63 | 64 | ||||
101 | 59 | 59 | ||||
102 | 55 | 56 | ||||
103 | 52 | 52 | ||||
104 | 49 | 49 | ||||
105 | 45 | 46 | ||||
106 | 42 | 43 | ||||
107 | 39 | 41 | ||||
108 | 37 | 39 | ||||
109 | 34 | 37 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
110 | 31 | 35 | ||||
111 | 29 | 34 | ||||
112 | 26 | 32 | ||||
113 | 24 | 31 | ||||
114 | 21 | 30 | ||||
115 | 19 | 29 | ||||
116 | 28 | |||||
117 | 27 | |||||
118 | 25 | |||||
119 | 23 | |||||
120 | 20 | |||||
Uniform Lifetime Table | Single Life Table | ||||||||||||
Age | Current LE Factor | Proposed LE Factor | Age | Current LE Factor | Proposed LE Factor | ||||||||
70 | 274 | 291 | 0 | 824 | 845 | ||||||||
71 | 265 | 282 | 1 | 816 | 837 | ||||||||
72 | 256 | 273 | 2 | 806 | 827 | ||||||||
73 | 247 | 264 | 3 | 797 | 817 | ||||||||
74 | 238 | 255 | 4 | 787 | 808 | ||||||||
75 | 229 | 246 | 5 | 777 | 798 | ||||||||
76 | 220 | 237 | 6 | 767 | 788 | ||||||||
77 | 212 | 228 | 7 | 758 | 778 | ||||||||
78 | 203 | 219 | 8 | 748 | 768 | ||||||||
79 | 195 | 210 | 9 | 738 | 758 | ||||||||
80 | 187 | 202 | 10 | 728 | 748 | ||||||||
81 | 179 | 193 | 11 | 718 | 738 | ||||||||
82 | 171 | 184 | 12 | 708 | 728 | ||||||||
83 | 163 | 176 | 13 | 699 | 719 | ||||||||
84 | 155 | 168 | 14 | 689 | 709 | ||||||||
85 | 148 | 160 | 15 | 679 | 699 | ||||||||
86 | 141 | 152 | 16 | 669 | 689 | ||||||||
87 | 134 | 144 | 17 | 660 | 679 | ||||||||
88 | 127 | 136 | 18 | 650 | 669 | ||||||||
89 | 120 | 129 | 19 | 640 | 660 | ||||||||
90 | 114 | 121 | 20 | 630 | 650 | ||||||||
91 | 108 | 114 | 21 | 621 | 640 | ||||||||
92 | 102 | 108 | 22 | 611 | 630 | ||||||||
93 | 96 | 101 | 23 | 601 | 620 | ||||||||
94 | 91 | 95 | 24 | 591 | 611 | ||||||||
95 | 86 | 89 | 25 | 582 | 601 | ||||||||
96 | 81 | 83 | 26 | 572 | 591 | ||||||||
97 | 76 | 78 | 27 | 562 | 582 | ||||||||
98 | 71 | 73 | 28 | 553 | 572 | ||||||||
99 | 67 | 68 | 29 | 543 | 562 | ||||||||
100 | 63 | 64 | 30 | 533 | 553 | ||||||||
101 | 59 | 59 | 31 | 524 | 543 | ||||||||
102 | 55 | 56 | 32 | 514 | 534 | ||||||||
103 | 52 | 52 | 33 | 504 | 524 | ||||||||
104 | 49 | 49 | 34 | 494 | 514 | ||||||||
105 | 45 | 46 | 35 | 485 | 505 | ||||||||
106 | 42 | 43 | 36 | 475 | 495 | ||||||||
107 | 39 | 41 | 37 | 465 | 486 | ||||||||
108 | 37 | 39 | 38 | 456 | 476 | ||||||||
109 | 34 | 37 | 39 | 446 | 466 | ||||||||
110 | 31 | 35 | 40 | 436 | 457 | ||||||||
111 | 29 | 34 | 41 | 427 | 447 | ||||||||
112 | 26 | 32 | 42 | 417 | 438 | ||||||||
113 | 24 | 31 | 43 | 407 | 428 | ||||||||
114 | 21 | 30 | 44 | 398 | 418 | ||||||||
115 | 19 | 29 | 45 | 388 | 409 | ||||||||
116 | 28 | 46 | 379 | 399 | |||||||||
117 | 27 | 47 | 370 | 390 | |||||||||
118 | 25 | 48 | 360 | 380 | |||||||||
119 | 23 | 49 | 351 | 371 | |||||||||
120 | 20 | 50 | 342 | 361 | |||||||||
51 | 333 | 352 | |||||||||||
52 | 323 | 343 | |||||||||||
53 | 314 | 333 | |||||||||||
54 | 305 | 324 | |||||||||||
55 | 296 | 315 | |||||||||||
56 | 287 | 306 | |||||||||||
57 | 279 | 297 | |||||||||||
58 | 270 | 288 | |||||||||||
59 | 261 | 279 | |||||||||||
60 | 252 | 271 | |||||||||||
61 | 244 | 262 | |||||||||||
62 | 235 | 253 | |||||||||||
63 | 227 | 245 | |||||||||||
64 | 218 | 236 | |||||||||||
65 | 210 | 228 | |||||||||||
66 | 202 | 220 | |||||||||||
67 | 194 | 212 | |||||||||||
68 | 186 | 204 | |||||||||||
69 | 178 | 195 | |||||||||||
70 | 170 | 187 | |||||||||||
71 | 163 | 179 | |||||||||||
72 | 155 | 171 | |||||||||||
73 | 148 | 163 | |||||||||||
74 | 141 | 156 | |||||||||||
75 | 134 | 148 | |||||||||||
76 | 127 | 140 | |||||||||||
77 | 121 | 133 | |||||||||||
78 | 114 | 126 | |||||||||||
79 | 108 | 119 | |||||||||||
80 | 102 | 112 | |||||||||||
81 | 97 | 105 | |||||||||||
82 | 91 | 99 | |||||||||||
83 | 86 | 92 | |||||||||||
84 | 81 | 86 | |||||||||||
85 | 76 | 81 | |||||||||||
86 | 71 | 75 | |||||||||||
87 | 67 | 70 | |||||||||||
88 | 63 | 66 | |||||||||||
89 | 59 | 61 | |||||||||||
90 | 55 | 57 | |||||||||||
91 | 52 | 53 | |||||||||||
92 | 49 | 49 | |||||||||||
93 | 46 | 46 | |||||||||||
94 | 43 | 42 | |||||||||||
95 | 41 | 39 | |||||||||||
96 | 38 | 37 | |||||||||||
97 | 36 | 34 | |||||||||||
98 | 34 | 32 | |||||||||||
99 | 31 | 30 | |||||||||||
100 | 29 | 28 | |||||||||||
101 | 27 | 26 | |||||||||||
102 | 25 | 25 | |||||||||||
103 | 23 | 23 | |||||||||||
104 | 21 | 22 | |||||||||||
105 | 19 | 21 | |||||||||||
106 | 17 | 21 | |||||||||||
107 | 15 | 21 | |||||||||||
108 | 14 | 20 | |||||||||||
109 | 12 | 20 | |||||||||||
110 | 11 | 20 | |||||||||||
111 | 10 | 20 | |||||||||||
112 | 20 | ||||||||||||
113 | 19 | ||||||||||||
114 | 19 | ||||||||||||
115 | 18 | ||||||||||||
116 | 18 | ||||||||||||
117 | 16 | ||||||||||||
118 | 14 | ||||||||||||
119 | 11 | ||||||||||||
120 | 10 |
Years after | RMD | 10-Year Rule Options | |||||||
Death | Age | Current Method | Equal Schedule | Full Deferral | |||||
0 | 30 | $18762 | $142378 | $0 | |||||
1 | 31 | $20100 | $142378 | $0 | |||||
2 | 32 | $21535 | $142378 | $0 | |||||
3 | 33 | $23072 | $142378 | $0 | |||||
4 | 34 | $24720 | $142378 | $0 | |||||
5 | 35 | $26486 | $142378 | $0 | |||||
6 | 36 | $28379 | $142378 | $0 | |||||
7 | 37 | $30409 | $142378 | $0 | |||||
8 | 38 | $32584 | $142378 | $0 | |||||
9 | 39 | $34917 | $142378 | $0 | |||||
10 | 40 | $37417 | $142378 | $1967151 |
Current Method | |||||||||||||||||
BB | G | RMD | EB | Single Life Table | |||||||||||||
7 | 533 | ||||||||||||||||
0 | 30 | $ 1000000 | $ 70000 | $ (18762) | $ 1051238 | Age | LE Factor | ||||||||||
1 | 31 | $ 1051238 | $ 73587 | $ (20100) | $ 1104725 | 0 | 824 | ||||||||||
2 | 32 | $ 1104725 | $ 77331 | $ (21535) | $ 1160521 | 1 | 816 | ||||||||||
3 | 33 | $ 1160521 | $ 81236 | $ (23072) | $ 1218685 | 2 | 806 | ||||||||||
4 | 34 | $ 1218685 | $ 85308 | $ (24720) | $ 1279274 | 3 | 797 | ||||||||||
5 | 35 | $ 1279274 | $ 89549 | $ (26486) | $ 1342337 | 4 | 787 | ||||||||||
6 | 36 | $ 1342337 | $ 93964 | $ (28379) | $ 1407921 | 5 | 777 | ||||||||||
7 | 37 | $ 1407921 | $ 98554 | $ (30409) | $ 1476067 | 6 | 767 | ||||||||||
8 | 38 | $ 1476067 | $ 103325 | $ (32584) | $ 1546807 | 7 | 758 | ||||||||||
9 | 39 | $ 1546807 | $ 108277 | $ (34917) | $ 1620167 | 8 | 748 | ||||||||||
10 | 40 | $ 1620167 | $ 113412 | $ (37417) | $ 1696162 | 9 | 738 | ||||||||||
11 | 41 | $ 1696162 | $ 118731 | $ (40098) | $ 1774795 | 10 | 728 | ||||||||||
12 | 42 | $ 1774795 | $ 124236 | $ (42973) | $ 1856057 | 11 | 718 | ||||||||||
13 | 43 | $ 1856057 | $ 129924 | $ (46056) | $ 1939925 | 12 | 708 | ||||||||||
14 | 44 | $ 1939925 | $ 135795 | $ (49362) | $ 2026358 | 13 | 699 | ||||||||||
15 | 45 | $ 2026358 | $ 141845 | $ (52908) | $ 2115295 | 14 | 689 | ||||||||||
16 | 46 | $ 2115295 | $ 148071 | $ (56710) | $ 2206656 | 15 | 679 | ||||||||||
17 | 47 | $ 2206656 | $ 154466 | $ (60789) | $ 2300332 | 16 | 669 | ||||||||||
18 | 48 | $ 2300332 | $ 161023 | $ (65165) | $ 2396190 | 17 | 660 | ||||||||||
19 | 49 | $ 2396190 | $ 167733 | $ (69860) | $ 2494064 | 18 | 650 | ||||||||||
20 | 50 | $ 2494064 | $ 174584 | $ (74897) | $ 2593751 | 19 | 640 | ||||||||||
21 | 51 | $ 2593751 | $ 181563 | $ (80302) | $ 2695012 | 20 | 630 | ||||||||||
22 | 52 | $ 2695012 | $ 188651 | $ (86103) | $ 2797560 | 21 | 621 | ||||||||||
23 | 53 | $ 2797560 | $ 195829 | $ (92329) | $ 2901061 | 22 | 611 | ||||||||||
24 | 54 | $ 2901061 | $ 203074 | $ (99012) | $ 3005123 | 23 | 601 | ||||||||||
25 | 55 | $ 3005123 | $ 210359 | $ (106188) | $ 3109293 | 24 | 591 | ||||||||||
26 | 56 | $ 3109293 | $ 217651 | $ (113894) | $ 3213050 | 25 | 582 | ||||||||||
27 | 57 | $ 3213050 | $ 224914 | $ (122169) | $ 3315795 | 26 | 572 | ||||||||||
28 | 58 | $ 3315795 | $ 232106 | $ (131059) | $ 3416841 | 27 | 562 | ||||||||||
29 | 59 | $ 3416841 | $ 239179 | $ (140611) | $ 3515409 | 28 | 553 | ||||||||||
30 | 60 | $ 3515409 | $ 246079 | $ (150876) | $ 3610612 | 29 | 543 | ||||||||||
31 | 61 | $ 3610612 | $ 252743 | $ (161911) | $ 3701444 | 30 | 533 | ||||||||||
32 | 62 | $ 3701444 | $ 259101 | $ (173777) | $ 3786768 | 31 | 524 | ||||||||||
33 | 63 | $ 3786768 | $ 265074 | $ (186540) | $ 3865302 | 32 | 514 | ||||||||||
34 | 64 | $ 3865302 | $ 270571 | $ (200275) | $ 3935598 | 33 | 504 | ||||||||||
35 | 65 | $ 3935598 | $ 275492 | $ (215060) | $ 3996030 | 34 | 494 | ||||||||||
36 | 66 | $ 3996030 | $ 279722 | $ (230984) | $ 4044768 | 35 | 485 | ||||||||||
37 | 67 | $ 4044768 | $ 283134 | $ (248145) | $ 4079756 | 36 | 475 | ||||||||||
38 | 68 | $ 4079756 | $ 285583 | $ (266651) | $ 4098688 | 37 | 465 | ||||||||||
39 | 69 | $ 4098688 | $ 286908 | $ (286622) | $ 4098975 | 38 | 456 | ||||||||||
40 | 70 | $ 4098975 | $ 286928 | $ (308194) | $ 4077710 | 39 | 446 | ||||||||||
41 | 71 | $ 4077710 | $ 285440 | $ (331521) | $ 4031628 | 40 | 436 | ||||||||||
42 | 72 | $ 4031628 | $ 282214 | $ (356781) | $ 3957061 | 41 | 427 | ||||||||||
43 | 73 | $ 3957061 | $ 276994 | $ (384181) | $ 3849875 | 42 | 417 | ||||||||||
44 | 74 | $ 3849875 | $ 269491 | $ (413965) | $ 3705401 | 43 | 407 | ||||||||||
45 | 75 | $ 3705401 | $ 259378 | $ (446434) | $ 3518345 | 44 | 398 | ||||||||||
46 | 76 | $ 3518345 | $ 246284 | $ (481965) | $ 3282664 | 45 | 388 | ||||||||||
47 | 77 | $ 3282664 | $ 229786 | $ (521058) | $ 2991393 | 46 | 379 | ||||||||||
48 | 78 | $ 2991393 | $ 209397 | $ (564414) | $ 2636377 | 47 | 370 | ||||||||||
49 | 79 | $ 2636377 | $ 184546 | $ (613111) | $ 2207812 | 48 | 360 | ||||||||||
50 | 80 | $ 2207812 | $ 154547 | $ (669034) | $ 1693325 | 49 | 351 | ||||||||||
51 | 81 | $ 1693325 | $ 118533 | $ (736228) | $ 1075629 | 50 | 342 | ||||||||||
52 | 82 | $ 1075629 | $ 75294 | $ (827407) | $ 323516 | 51 | 333 | ||||||||||
52 | 323 | ||||||||||||||||
53 | 314 | ||||||||||||||||
54 | 305 | ||||||||||||||||
55 | 296 | ||||||||||||||||
56 | 287 | ||||||||||||||||
57 | 279 | ||||||||||||||||
58 | 270 | ||||||||||||||||
59 | 261 | ||||||||||||||||
60 | 252 | ||||||||||||||||
61 | 244 | ||||||||||||||||
62 | 235 | ||||||||||||||||
63 | 227 | ||||||||||||||||
64 | 218 | ||||||||||||||||
65 | 210 | ||||||||||||||||
66 | 202 | ||||||||||||||||
67 | 194 | ||||||||||||||||
68 | 186 | ||||||||||||||||
69 | 178 | ||||||||||||||||
70 | 170 | ||||||||||||||||
71 | 163 | ||||||||||||||||
72 | 155 | ||||||||||||||||
73 | 148 | ||||||||||||||||
74 | 141 | ||||||||||||||||
75 | 134 | ||||||||||||||||
76 | 127 | ||||||||||||||||
77 | 121 | ||||||||||||||||
78 | 114 | ||||||||||||||||
79 | 108 | ||||||||||||||||
80 | 102 | ||||||||||||||||
81 | 97 | ||||||||||||||||
82 | 91 | ||||||||||||||||
83 | 86 | ||||||||||||||||
84 | 81 | ||||||||||||||||
85 | 76 | ||||||||||||||||
86 | 71 | ||||||||||||||||
87 | 67 | ||||||||||||||||
88 | 63 | ||||||||||||||||
89 | 59 | ||||||||||||||||
90 | 55 | ||||||||||||||||
91 | 52 | ||||||||||||||||
92 | 49 | ||||||||||||||||
93 | 46 | ||||||||||||||||
94 | 43 | ||||||||||||||||
95 | 41 | ||||||||||||||||
96 | 38 | ||||||||||||||||
97 | 36 | ||||||||||||||||
98 | 34 | ||||||||||||||||
99 | 31 | ||||||||||||||||
100 | 29 | ||||||||||||||||
101 | 27 | ||||||||||||||||
102 | 25 | ||||||||||||||||
103 | 23 | ||||||||||||||||
104 | 21 | ||||||||||||||||
105 | 19 | ||||||||||||||||
106 | 17 | ||||||||||||||||
107 | 15 | ||||||||||||||||
108 | 14 | ||||||||||||||||
109 | 12 | ||||||||||||||||
110 | 11 | ||||||||||||||||
111 | 10 |
Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | ||||||||||||||
0 | 824 | 16 | 669 | 32 | 514 | 48 | 360 | 64 | 218 | 80 | 102 | 96 | 38 | ||||||||||||||
1 | 816 | 17 | 660 | 33 | 504 | 49 | 351 | 65 | 210 | 81 | 97 | 97 | 36 | ||||||||||||||
2 | 806 | 18 | 650 | 34 | 494 | 50 | 342 | 66 | 202 | 82 | 91 | 98 | 34 | ||||||||||||||
3 | 797 | 19 | 640 | 35 | 485 | 51 | 333 | 67 | 194 | 83 | 86 | 99 | 31 | ||||||||||||||
4 | 787 | 20 | 630 | 36 | 475 | 52 | 323 | 68 | 186 | 84 | 81 | 100 | 29 | ||||||||||||||
5 | 777 | 21 | 621 | 37 | 465 | 53 | 314 | 69 | 178 | 85 | 76 | 101 | 27 | ||||||||||||||
6 | 767 | 22 | 611 | 38 | 456 | 54 | 305 | 70 | 170 | 86 | 71 | 102 | 25 | ||||||||||||||
7 | 758 | 23 | 601 | 39 | 446 | 55 | 296 | 71 | 163 | 87 | 67 | 103 | 23 | ||||||||||||||
8 | 748 | 24 | 591 | 40 | 436 | 56 | 287 | 72 | 155 | 88 | 63 | 104 | 21 | ||||||||||||||
9 | 738 | 25 | 582 | 41 | 427 | 57 | 279 | 73 | 148 | 89 | 59 | 105 | 19 | ||||||||||||||
10 | 728 | 26 | 572 | 42 | 417 | 58 | 270 | 74 | 141 | 90 | 55 | 106 | 17 | ||||||||||||||
11 | 718 | 27 | 562 | 43 | 407 | 59 | 261 | 75 | 134 | 91 | 52 | 107 | 15 | ||||||||||||||
12 | 708 | 28 | 553 | 44 | 398 | 60 | 252 | 76 | 127 | 92 | 49 | 108 | 14 | ||||||||||||||
13 | 699 | 29 | 543 | 45 | 388 | 61 | 244 | 77 | 121 | 93 | 46 | 109 | 12 | ||||||||||||||
14 | 689 | 30 | 533 | 46 | 379 | 62 | 235 | 78 | 114 | 94 | 43 | 110 | 11 | ||||||||||||||
15 | 679 | 31 | 524 | 47 | 370 | 63 | 227 | 79 | 108 | 95 | 41 | 111 | 10 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Youngest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | GCs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 15 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
16 | 669 | 2008 | $ 1080000 | $ (16143) | $ 85109 | $ 1148965 | $ - 0 | $ 9686 | $ 775 | $ (77) | $ 10383 | $ 1159349 | |||||||||||||||
17 | 659 | 2009 | $ 1148965 | $ (17435) | $ 90522 | $ 1222052 | $ 10383 | $ 10461 | $ 1668 | $ (167) | $ 22345 | $ 1244398 | |||||||||||||||
18 | 649 | 2010 | $ 1222052 | $ (18830) | $ 96258 | $ 1299480 | $ 22345 | $ 11298 | $ 2691 | $ (269) | $ 36065 | $ 1335546 | |||||||||||||||
19 | 639 | 2011 | $ 1299480 | $ (20336) | $ 102332 | $ 1381476 | $ 36065 | $ 12202 | $ 3861 | $ (386) | $ 51742 | $ 1433218 | |||||||||||||||
20 | 629 | 2012 | $ 1381476 | $ (21963) | $ 108761 | $ 1468274 | $ 51742 | $ 13178 | $ 5194 | $ (519) | $ 69594 | $ 1537868 | |||||||||||||||
21 | 619 | 2013 | $ 1468274 | $ (23720) | $ 115564 | $ 1560118 | $ 69594 | $ 14232 | $ 6706 | $ (671) | $ 89862 | $ 1649980 | |||||||||||||||
22 | 609 | 2014 | $ 1560118 | $ (25618) | $ 122760 | $ 1657260 | $ 89862 | $ 15371 | $ 8419 | $ (842) | $ 112809 | $ 1770070 | |||||||||||||||
23 | 599 | 2015 | $ 1657260 | $ (27667) | $ 130367 | $ 1759961 | $ 112809 | $ 16600 | $ 10353 | $ (1035) | $ 138727 | $ 1898688 | |||||||||||||||
24 | 589 | 2016 | $ 1759961 | $ (29880) | $ 138406 | $ 1868487 | $ 138727 | $ 17928 | $ 12532 | $ (1253) | $ 167935 | $ 2036421 | |||||||||||||||
25 | 579 | 2017 | $ 1868487 | $ (32271) | $ 146897 | $ 1983113 | $ 167935 | $ 19363 | $ 14984 | $ (1498) | $ 200783 | $ 2183896 | |||||||||||||||
26 | 569 | 2018 | $ 1983113 | $ (34853) | $ 155861 | $ 2104121 | $ 200783 | $ 20912 | $ 17736 | $ (1774) | $ 237656 | $ 2341777 | |||||||||||||||
27 | 559 | 2019 | $ 2104121 | $ (37641) | $ 165318 | $ 2231799 | $ 237656 | $ 22584 | $ 20819 | $ (2082) | $ 278978 | $ 2510777 | |||||||||||||||
28 | 549 | 2020 | $ 2231799 | $ (40652) | $ 175292 | $ 2366439 | $ 278978 | $ 24391 | $ 24270 | $ (2427) | $ 325212 | $ 2691650 | |||||||||||||||
29 | 539 | 2021 | $ 2366439 | $ (43904) | $ 185803 | $ 2508337 | $ 325212 | $ 26343 | $ 28124 | $ (2812) | $ 376866 | $ 2885203 | |||||||||||||||
30 | 529 | 2022 | $ 2508337 | $ (47417) | $ 196874 | $ 2657794 | $ 376866 | $ 28450 | $ 32425 | $ (3243) | $ 434499 | $ 3092293 | |||||||||||||||
31 | 519 | 2023 | $ 2657794 | $ (51210) | $ 208527 | $ 2815111 | $ 434499 | $ 30726 | $ 37218 | $ (3722) | $ 498721 | $ 3313832 | |||||||||||||||
32 | 509 | 2024 | $ 2815111 | $ (55307) | $ 220784 | $ 2980589 | $ 498721 | $ 33184 | $ 42552 | $ (4255) | $ 570202 | $ 3550791 | |||||||||||||||
33 | 499 | 2025 | $ 2980589 | $ (59731) | $ 233669 | $ 3154526 | $ 570202 | $ 35839 | $ 48483 | $ (4848) | $ 649676 | $ 3804202 | |||||||||||||||
34 | 489 | 2026 | $ 3154526 | $ (64510) | $ 247201 | $ 3337217 | $ 649676 | $ 38706 | $ 55071 | $ (5507) | $ 737945 | $ 4075163 | |||||||||||||||
35 | 479 | 2027 | $ 3337217 | $ (69671) | $ 261404 | $ 3528951 | $ 737945 | $ 41802 | $ 62380 | $ (6238) | $ 835889 | $ 4364840 | |||||||||||||||
36 | 469 | 2028 | $ 3528951 | $ (75244) | $ 276297 | $ 3730003 | $ 835889 | $ 45146 | $ 70483 | $ (7048) | $ 944471 | $ 4674474 | |||||||||||||||
37 | 459 | 2029 | $ 3730003 | $ (81264) | $ 291899 | $ 3940639 | $ 944471 | $ 48758 | $ 79458 | $ (7946) | $ 1064741 | $ 5005380 | |||||||||||||||
38 | 449 | 2030 | $ 3940639 | $ (87765) | $ 308230 | $ 4161104 | $ 1064741 | $ 52659 | $ 89392 | $ (8939) | $ 1197853 | $ 5358957 | |||||||||||||||
39 | 439 | 2031 | $ 4161104 | $ (94786) | $ 325305 | $ 4391623 | $ 1197853 | $ 56872 | $ 100378 | $ (10038) | $ 1345065 | $ 5736688 | |||||||||||||||
40 | 429 | 2032 | $ 4391623 | $ (102369) | $ 343140 | $ 4632395 | $ 1345065 | $ 61421 | $ 112519 | $ (11252) | $ 1507753 | $ 6140148 | |||||||||||||||
41 | 419 | 2033 | $ 4632395 | $ (110558) | $ 361747 | $ 4883583 | $ 1507753 | $ 66335 | $ 125927 | $ (12593) | $ 1687422 | $ 6571005 | |||||||||||||||
42 | 409 | 2034 | $ 4883583 | $ (119403) | $ 381134 | $ 5145315 | $ 1687422 | $ 71642 | $ 140725 | $ (14073) | $ 1885717 | $ 7031031 | |||||||||||||||
43 | 399 | 2035 | $ 5145315 | $ (128955) | $ 401309 | $ 5417668 | $ 1885717 | $ 77373 | $ 157047 | $ (15705) | $ 2104432 | $ 7522100 | |||||||||||||||
44 | 389 | 2036 | $ 5417668 | $ (139272) | $ 422272 | $ 5700668 | $ 2104432 | $ 83563 | $ 175040 | $ (17504) | $ 2345531 | $ 8046199 | |||||||||||||||
45 | 379 | 2037 | $ 5700668 | $ (150413) | $ 444020 | $ 5994275 | $ 2345531 | $ 90248 | $ 194862 | $ (19486) | $ 2611155 | $ 8605430 | |||||||||||||||
46 | 369 | 2038 | $ 5994275 | $ (162446) | $ 466546 | $ 6298375 | $ 2611155 | $ 97468 | $ 216690 | $ (21669) | $ 2903644 | $ 9202019 | |||||||||||||||
47 | 359 | 2039 | $ 6298375 | $ (175442) | $ 489835 | $ 6612767 | $ 2903644 | $ 105265 | $ 240713 | $ (24071) | $ 3225551 | $ 9838318 | |||||||||||||||
48 | 349 | 2040 | $ 6612767 | $ (189478) | $ 513863 | $ 6937153 | $ 3225551 | $ 113687 | $ 267139 | $ (26714) | $ 3579662 | $ 10516815 | |||||||||||||||
49 | 339 | 2041 | $ 6937153 | $ (204636) | $ 538601 | $ 7271118 | $ 3579662 | $ 122781 | $ 296195 | $ (29620) | $ 3969020 | $ 11240138 | |||||||||||||||
50 | 329 | 2042 | $ 7271118 | $ (221007) | $ 564009 | $ 7614121 | $ 3969020 | $ 132604 | $ 328130 | $ (32813) | $ 4396941 | $ 12011061 | |||||||||||||||
51 | 319 | 2043 | $ 7614121 | $ (238687) | $ 590035 | $ 7965468 | $ 4396941 | $ 143212 | $ 363212 | $ (36321) | $ 4867044 | $ 12832512 | |||||||||||||||
52 | 309 | 2044 | $ 7965468 | $ (257782) | $ 616615 | $ 8324301 | $ 4867044 | $ 154669 | $ 401737 | $ (40174) | $ 5383277 | $ 13707578 | |||||||||||||||
53 | 299 | 2045 | $ 8324301 | $ (278405) | $ 643672 | $ 8689568 | $ 5383277 | $ 167043 | $ 444026 | $ (44403) | $ 5949942 | $ 14639510 | |||||||||||||||
54 | 289 | 2046 | $ 8689568 | $ (300677) | $ 671111 | $ 9060002 | $ 5949942 | $ 180406 | $ 490428 | $ (49043) | $ 6571734 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Oldest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
31 | 524 | 2008 | $ 1080000 | $ (20611) | $ 84751 | $ 1144140 | $ - 0 | $ 12366 | $ 989 | $ (99) | $ 13257 | $ 1157397 | |||||||||||||||
32 | 514 | 2009 | $ 1144140 | $ (22260) | $ 89750 | $ 1211631 | $ 13257 | $ 13356 | $ 2129 | $ (213) | $ 28529 | $ 1240160 | |||||||||||||||
33 | 504 | 2010 | $ 1211631 | $ (24040) | $ 95007 | $ 1282598 | $ 28529 | $ 14424 | $ 3436 | $ (344) | $ 46045 | $ 1328644 | |||||||||||||||
34 | 494 | 2011 | $ 1282598 | $ (25964) | $ 100531 | $ 1357166 | $ 46045 | $ 15578 | $ 4930 | $ (493) | $ 66060 | $ 1423226 | |||||||||||||||
35 | 484 | 2012 | $ 1357166 | $ (28041) | $ 106330 | $ 1435455 | $ 66060 | $ 16824 | $ 6631 | $ (663) | $ 88852 | $ 1524308 | |||||||||||||||
36 | 474 | 2013 | $ 1435455 | $ (30284) | $ 112414 | $ 1517585 | $ 88852 | $ 18170 | $ 8562 | $ (856) | $ 114728 | $ 1632313 | |||||||||||||||
37 | 464 | 2014 | $ 1517585 | $ (32707) | $ 118790 | $ 1603669 | $ 114728 | $ 19624 | $ 10748 | $ (1075) | $ 144026 | $ 1747694 | |||||||||||||||
38 | 454 | 2015 | $ 1603669 | $ (35323) | $ 125468 | $ 1693813 | $ 144026 | $ 21194 | $ 13218 | $ (1322) | $ 177115 | $ 1870929 | |||||||||||||||
39 | 444 | 2016 | $ 1693813 | $ (38149) | $ 132453 | $ 1788117 | $ 177115 | $ 22889 | $ 16000 | $ (1600) | $ 214405 | $ 2002522 | |||||||||||||||
40 | 434 | 2017 | $ 1788117 | $ (41201) | $ 139753 | $ 1886670 | $ 214405 | $ 24721 | $ 19130 | $ (1913) | $ 256343 | $ 2143012 | |||||||||||||||
41 | 424 | 2018 | $ 1886670 | $ (44497) | $ 147374 | $ 1989547 | $ 256343 | $ 26698 | $ 22643 | $ (2264) | $ 303420 | $ 2292966 | |||||||||||||||
42 | 414 | 2019 | $ 1989547 | $ (48057) | $ 155319 | $ 2096809 | $ 303420 | $ 28834 | $ 26580 | $ (2658) | $ 356176 | $ 2452985 | |||||||||||||||
43 | 404 | 2020 | $ 2096809 | $ (51901) | $ 163593 | $ 2208501 | $ 356176 | $ 31141 | $ 30985 | $ (3099) | $ 415204 | $ 2623704 | |||||||||||||||
44 | 394 | 2021 | $ 2208501 | $ (56053) | $ 172196 | $ 2324643 | $ 415204 | $ 33632 | $ 35907 | $ (3591) | $ 481152 | $ 2805795 | |||||||||||||||
45 | 384 | 2022 | $ 2324643 | $ (60538) | $ 181128 | $ 2445234 | $ 481152 | $ 36323 | $ 41398 | $ (4140) | $ 554732 | $ 2999966 | |||||||||||||||
46 | 374 | 2023 | $ 2445234 | $ (65381) | $ 190388 | $ 2570242 | $ 554732 | $ 39228 | $ 47517 | $ (4752) | $ 636726 | $ 3206968 | |||||||||||||||
47 | 364 | 2024 | $ 2570242 | $ (70611) | $ 199970 | $ 2699601 | $ 636726 | $ 42367 | $ 54327 | $ (5433) | $ 727987 | $ 3427588 | |||||||||||||||
48 | 354 | 2025 | $ 2699601 | $ (76260) | $ 209867 | $ 2833208 | $ 727987 | $ 45756 | $ 61899 | $ (6190) | $ 829453 | $ 3662661 | |||||||||||||||
49 | 344 | 2026 | $ 2833208 | $ (82361) | $ 220068 | $ 2970915 | $ 829453 | $ 49416 | $ 70310 | $ (7031) | $ 942148 | $ 3913063 | |||||||||||||||
50 | 334 | 2027 | $ 2970915 | $ (88950) | $ 230557 | $ 3112523 | $ 942148 | $ 53370 | $ 79641 | $ (7964) | $ 1067195 | $ 4179718 | |||||||||||||||
51 | 324 | 2028 | $ 3112523 | $ (96066) | $ 241317 | $ 3257774 | $ 1067195 | $ 57639 | $ 89987 | $ (8999) | $ 1205822 | $ 4463596 | |||||||||||||||
52 | 314 | 2029 | $ 3257774 | $ (103751) | $ 252322 | $ 3406345 | $ 1205822 | $ 62250 | $ 101446 | $ (10145) | $ 1359374 | $ 4765719 | |||||||||||||||
53 | 304 | 2030 | $ 3406345 | $ (112051) | $ 263544 | $ 3557838 | $ 1359374 | $ 67230 | $ 114128 | $ (11413) | $ 1529320 | $ 5087158 | |||||||||||||||
54 | 294 | 2031 | $ 3557838 | $ (121015) | $ 274946 | $ 3711769 | $ 1529320 | $ 72609 | $ 128154 | $ (12815) | $ 1717268 | $ 5429037 | |||||||||||||||
55 | 284 | 2032 | $ 3711769 | $ (130696) | $ 286486 | $ 3867559 | $ 1717268 | $ 78418 | $ 143655 | $ (14365) | $ 1924975 | $ 5792533 | |||||||||||||||
56 | 274 | 2033 | $ 3867559 | $ (141152) | $ 298113 | $ 4024520 | $ 1924975 | $ 84691 | $ 160773 | $ (16077) | $ 2154362 | $ 6178881 | |||||||||||||||
57 | 264 | 2034 | $ 4024520 | $ (152444) | $ 309766 | $ 4181842 | $ 2154362 | $ 91466 | $ 179666 | $ (17967) | $ 2407528 | $ 6589369 | |||||||||||||||
58 | 254 | 2035 | $ 4181842 | $ (164639) | $ 321376 | $ 4338578 | $ 2407528 | $ 98784 | $ 200505 | $ (20050) | $ 2686766 | $ 7025344 | |||||||||||||||
59 | 244 | 2036 | $ 4338578 | $ (177811) | $ 332861 | $ 4493629 | $ 2686766 | $ 106686 | $ 223476 | $ (22348) | $ 2994581 | $ 7488210 | |||||||||||||||
60 | 234 | 2037 | $ 4493629 | $ (192035) | $ 344128 | $ 4645721 | $ 2994581 | $ 115221 | $ 248784 | $ (24878) | $ 3333708 | $ 7979429 | |||||||||||||||
61 | 224 | 2038 | $ 4645721 | $ (207398) | $ 355066 | $ 4793389 | $ 3333708 | $ 124439 | $ 276652 | $ (27665) | $ 3707133 | $ 8500522 | |||||||||||||||
62 | 214 | 2039 | $ 4793389 | $ (223990) | $ 365552 | $ 4934951 | $ 3707133 | $ 134394 | $ 307322 | $ (30732) | $ 4118117 | $ 9053068 | |||||||||||||||
63 | 204 | 2040 | $ 4934951 | $ (241909) | $ 375443 | $ 5068485 | $ 4118117 | $ 145146 | $ 341061 | $ (34106) | $ 4570218 | $ 9638702 | |||||||||||||||
64 | 194 | 2041 | $ 5068485 | $ (261262) | $ 384578 | $ 5191800 | $ 4570218 | $ 156757 | $ 378158 | $ (37816) | $ 5067317 | $ 10259117 | |||||||||||||||
65 | 184 | 2042 | $ 5191800 | $ (282163) | $ 392771 | $ 5302408 | $ 5067317 | $ 169298 | $ 418929 | $ (41893) | $ 5613651 | $ 10916059 | |||||||||||||||
66 | 174 | 2043 | $ 5302408 | $ (304736) | $ 399814 | $ 5397486 | $ 5613651 | $ 182842 | $ 463719 | $ (46372) | $ 6213840 | $ 11611326 | |||||||||||||||
67 | 164 | 2044 | $ 5397486 | $ (329115) | $ 405470 | $ 5473841 | $ 6213840 | $ 197469 | $ 512905 | $ (51290) | $ 6872924 | $ 12346764 | |||||||||||||||
68 | 154 | 2045 | $ 5473841 | $ (355444) | $ 409472 | $ 5527868 | $ 6872924 | $ 213267 | $ 566895 | $ (56690) | $ 7596396 | $ 13124264 | |||||||||||||||
69 | 144 | 2046 | $ 5527868 | $ (383880) | $ 411519 | $ 5555507 | $ 7596396 | $ 230328 | $ 626138 | $ (62614) | $ 8390248 | $ 13945755 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | NA | 2012 | $ 1469328 | $ - 0 | $ 117546 | $ 1586874 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1586874 | ||||||||||||||||
66 | 36 | NA | 2013 | $ 1586874 | $ - 0 | $ 126950 | $ 1713824 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1713824 | ||||||||||||||||
37 | 465 | 2014 | $ 1713824 | $ (36856) | $ 134157 | $ 1811125 | $ - 0 | $ 22114 | $ 1769 | $ (177) | $ 23706 | $ 1834831 | |||||||||||||||||
38 | 455 | 2015 | $ 1811125 | $ (39805) | $ 141706 | $ 1913026 | $ 23706 | $ 23883 | $ 3807 | $ (381) | $ 51015 | $ 1964041 | |||||||||||||||||
39 | 445 | 2016 | $ 1913026 | $ (42989) | $ 149603 | $ 2019640 | $ 51015 | $ 25794 | $ 6145 | $ (614) | $ 82339 | $ 2101979 | |||||||||||||||||
40 | 435 | 2017 | $ 2019640 | $ (46428) | $ 157857 | $ 2131068 | $ 82339 | $ 27857 | $ 8816 | $ (882) | $ 118131 | $ 2249198 | |||||||||||||||||
41 | 425 | 2018 | $ 2131068 | $ (50143) | $ 166474 | $ 2247399 | $ 118131 | $ 30086 | $ 11857 | $ (1186) | $ 158888 | $ 2406287 | |||||||||||||||||
42 | 415 | 2019 | $ 2247399 | $ (54154) | $ 175460 | $ 2368705 | $ 158888 | $ 32493 | $ 15310 | $ (1531) | $ 205160 | $ 2573864 | |||||||||||||||||
43 | 405 | 2020 | $ 2368705 | $ (58487) | $ 184817 | $ 2495035 | $ 205160 | $ 35092 | $ 19220 | $ (1922) | $ 257550 | $ 2752585 | |||||||||||||||||
44 | 395 | 2021 | $ 2495035 | $ (63165) | $ 194550 | $ 2626420 | $ 257550 | $ 37899 | $ 23636 | $ (2364) | $ 316721 | $ 2943141 | |||||||||||||||||
45 | 385 | 2022 | $ 2626420 | $ (68219) | $ 204656 | $ 2762857 | $ 316721 | $ 40931 | $ 28612 | $ (2861) | $ 383403 | $ 3146260 | |||||||||||||||||
46 | 375 | 2023 | $ 2762857 | $ (73676) | $ 215134 | $ 2904315 | $ 383403 | $ 44206 | $ 34209 | $ (3421) | $ 458397 | $ 3362712 | |||||||||||||||||
47 | 365 | 2024 | $ 2904315 | $ (79570) | $ 225980 | $ 3050725 | $ 458397 | $ 47742 | $ 40491 | $ (4049) | $ 542581 | $ 3593306 | |||||||||||||||||
48 | 355 | 2025 | $ 3050725 | $ (85936) | $ 237183 | $ 3201972 | $ 542581 | $ 51562 | $ 47531 | $ (4753) | $ 636921 | $ 3838893 | |||||||||||||||||
49 | 345 | 2026 | $ 3201972 | $ (92811) | $ 248733 | $ 3357894 | $ 636921 | $ 55686 | $ 55409 | $ (5541) | $ 742475 | $ 4100369 | |||||||||||||||||
50 | 335 | 2027 | $ 3357894 | $ (100236) | $ 260613 | $ 3518271 | $ 742475 | $ 60141 | $ 64209 | $ (6421) | $ 860405 | $ 4378676 | |||||||||||||||||
51 | 325 | 2028 | $ 3518271 | $ (108254) | $ 272801 | $ 3682818 | $ 860405 | $ 64953 | $ 74029 | $ (7403) | $ 991984 | $ 4674801 | |||||||||||||||||
52 | 315 | 2029 | $ 3682818 | $ (116915) | $ 285272 | $ 3851175 | $ 991984 | $ 70149 | $ 84971 | $ (8497) | $ 1138606 | $ 4989781 | |||||||||||||||||
53 | 305 | 2030 | $ 3851175 | $ (126268) | $ 297993 | $ 4022900 | $ 1138606 | $ 75761 | $ 97149 | $ (9715) | $ 1301801 | $ 5324701 | |||||||||||||||||
54 | 295 | 2031 | $ 4022900 | $ (136369) | $ 310922 | $ 4197453 | $ 1301801 | $ 81822 | $ 110690 | $ (11069) | $ 1483244 | $ 5680696 | |||||||||||||||||
55 | 285 | 2032 | $ 4197453 | $ (147279) | $ 324014 | $ 4374187 | $ 1483244 | $ 88367 | $ 125729 | $ (12573) | $ 1684767 | $ 6058955 | |||||||||||||||||
56 | 275 | 2033 | $ 4374187 | $ (159061) | $ 337210 | $ 4552336 | $ 1684767 | $ 95437 | $ 142416 | $ (14242) | $ 1908379 | $ 6460715 | |||||||||||||||||
57 | 265 | 2034 | $ 4552336 | $ (171786) | $ 350444 | $ 4730994 | $ 1908379 | $ 103072 | $ 160916 | $ (16092) | $ 2156275 | $ 6887269 | |||||||||||||||||
58 | 255 | 2035 | $ 4730994 | $ (185529) | $ 363637 | $ 4909102 | $ 2156275 | $ 111318 | $ 181407 | $ (18141) | $ 2430859 | $ 7339961 | |||||||||||||||||
59 | 245 | 2036 | $ 4909102 | $ (200372) | $ 376698 | $ 5085429 | $ 2430859 | $ 120223 | $ 204087 | $ (20409) | $ 2734760 | $ 7820189 | |||||||||||||||||
60 | 235 | 2037 | $ 5085429 | $ (216401) | $ 389522 | $ 5258550 | $ 2734760 | $ 129841 | $ 229168 | $ (22917) | $ 3070852 | $ 8329402 | |||||||||||||||||
61 | 225 | 2038 | $ 5258550 | $ (233713) | $ 401987 | $ 5426823 | $ 3070852 | $ 140228 | $ 256886 | $ (25689) | $ 3442278 | $ 8869101 | |||||||||||||||||
62 | 215 | 2039 | $ 5426823 | $ (252410) | $ 413953 | $ 5588366 | $ 3442278 | $ 151446 | $ 287498 | $ (28750) | $ 3852472 | $ 9440838 | |||||||||||||||||
63 | 205 | 2040 | $ 5588366 | $ (272603) | $ 425261 | $ 5741024 | $ 3852472 | $ 163562 | $ 321283 | $ (32128) | $ 4305188 | $ 10046212 | |||||||||||||||||
64 | 195 | 2041 | $ 5741024 | $ (294411) | $ 435729 | $ 5882341 | $ 4305188 | $ 176647 | $ 358547 | $ (35855) | $ 4804527 | $ 10686869 | |||||||||||||||||
65 | 185 | 2042 | $ 5882341 | $ (317964) | $ 445150 | $ 6009527 | $ 4804527 | $ 190779 | $ 399624 | $ (39962) | $ 5354968 | $ 11364495 | |||||||||||||||||
66 | 175 | 2043 | $ 6009527 | $ (343402) | $ 453290 | $ 6119416 | $ 5354968 | $ 206041 | $ 444881 | $ (44488) | $ 5961401 | $ 12080817 | |||||||||||||||||
67 | 165 | 2044 | $ 6119416 | $ (370874) | $ 459883 | $ 6208425 | $ 5961401 | $ 222524 | $ 494714 | $ (49471) | $ 6629168 | $ 12837594 | |||||||||||||||||
68 | 155 | 2045 | $ 6208425 | $ (400544) | $ 464631 | $ 6272512 | $ 6629168 | $ 240326 | $ 549560 | $ (54956) | $ 7364098 | $ 13636610 | |||||||||||||||||
69 | 145 | 2046 | $ 6272512 | $ (432587) | $ 467194 | $ 6307119 | $ 7364098 | $ 259552 | $ 609892 | $ (60989) | $ 8172553 | $ 14479672 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (No Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | 210 | 2012 | $ 1469328 | $ (69968) | $ 111949 | $ 1511309 | $ - 0 | $ 41981 | $ 3358 | $ (336) | $ 45003 | $ 1556312 | ||||||||||||||||
66 | 36 | 202 | 2013 | $ 1511309 | $ (74817) | $ 114919 | $ 1551411 | $ 45003 | $ 44890 | $ 7192 | $ (719) | $ 96366 | $ 1647777 | ||||||||||||||||
37 | 192 | 2014 | $ 1551411 | $ (80803) | $ 117649 | $ 1588257 | $ 96366 | $ 48482 | $ 11588 | $ (1159) | $ 155277 | $ 1743534 | |||||||||||||||||
38 | 182 | 2015 | $ 1588257 | $ (87267) | $ 120079 | $ 1621069 | $ 155277 | $ 52360 | $ 16611 | $ (1661) | $ 222587 | $ 1843656 | |||||||||||||||||
39 | 172 | 2016 | $ 1621069 | $ (94248) | $ 122146 | $ 1648967 | $ 222587 | $ 56549 | $ 22331 | $ (2233) | $ 299233 | $ 1948200 | |||||||||||||||||
40 | 162 | 2017 | $ 1648967 | $ (101788) | $ 123774 | $ 1670953 | $ 299233 | $ 61073 | $ 28825 | $ (2882) | $ 386248 | $ 2057201 | |||||||||||||||||
41 | 152 | 2018 | $ 1670953 | $ (109931) | $ 124882 | $ 1685904 | $ 386248 | $ 65959 | $ 36177 | $ (3618) | $ 484766 | $ 2170670 | |||||||||||||||||
42 | 142 | 2019 | $ 1685904 | $ (118726) | $ 125374 | $ 1692552 | $ 484766 | $ 71235 | $ 44480 | $ (4448) | $ 596033 | $ 2288586 | |||||||||||||||||
43 | 132 | 2020 | $ 1692552 | $ (128224) | $ 125146 | $ 1689475 | $ 596033 | $ 76934 | $ 53837 | $ (5384) | $ 721421 | $ 2410896 | |||||||||||||||||
44 | 122 | 2021 | $ 1689475 | $ (138482) | $ 124079 | $ 1675073 | $ 721421 | $ 83089 | $ 64361 | $ (6436) | $ 862435 | $ 2537508 | |||||||||||||||||
45 | 112 | 2022 | $ 1675073 | $ (149560) | $ 122041 | $ 1647554 | $ 862435 | $ 89736 | $ 76174 | $ (7617) | $ 1020727 | $ 2668281 | |||||||||||||||||
46 | 102 | 2023 | $ 1647554 | $ (161525) | $ 118882 | $ 1604911 | $ 1020727 | $ 96915 | $ 89411 | $ (8941) | $ 1198112 | $ 2803024 | |||||||||||||||||
47 | 92 | 2024 | $ 1604911 | $ (174447) | $ 114437 | $ 1544901 | $ 1198112 | $ 104668 | $ 104222 | $ (10422) | $ 1396581 | $ 2941482 | |||||||||||||||||
48 | 82 | 2025 | $ 1544901 | $ (188403) | $ 108520 | $ 1465019 | $ 1396581 | $ 113042 | $ 120770 | $ (12077) | $ 1618315 | $ 3083334 | |||||||||||||||||
49 | 72 | 2026 | $ 1465019 | $ (203475) | $ 100924 | $ 1362467 | $ 1618315 | $ 122085 | $ 139232 | $ (13923) | $ 1865709 | $ 3228176 | |||||||||||||||||
50 | 62 | 2027 | $ 1362467 | $ (219753) | $ 91417 | $ 1234132 | $ 1865709 | $ 131852 | $ 159805 | $ (15980) | $ 2141385 | $ 3375517 | |||||||||||||||||
51 | 52 | 2028 | $ 1234132 | $ (237333) | $ 79744 | $ 1076543 | $ 2141385 | $ 142400 | $ 182703 | $ (18270) | $ 2448217 | $ 3524760 | |||||||||||||||||
52 | 42 | 2029 | $ 1076543 | $ (256320) | $ 65618 | $ 885841 | $ 2448217 | $ 153792 | $ 208161 | $ (20816) | $ 2789354 | $ 3675194 | |||||||||||||||||
53 | 32 | 2030 | $ 885841 | $ (276825) | $ 48721 | $ 657737 | $ 2789354 | $ 166095 | $ 236436 | $ (23644) | $ 3168241 | $ 3825978 | |||||||||||||||||
54 | 22 | 2031 | $ 657737 | $ (298971) | $ 28701 | $ 387467 | $ 3168241 | $ 179383 | $ 267810 | $ (26781) | $ 3588653 | $ 3976119 | |||||||||||||||||
55 | 12 | 2032 | $ 387467 | $ (322889) | $ 5166 | $ 69744 | $ 3588653 | $ 193733 | $ 302591 | $ (30259) | $ 4054718 | $ 4124462 | |||||||||||||||||
56 | 10 | 2033 | $ 69744 | $ (69744) | $ - 0 | $ - 0 | $ 4054718 | $ 41846 | $ 327725 | $ (32773) | $ 4391517 | $ 4391517 | |||||||||||||||||
57 | 10 | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4391517 | $ - 0 | $ 351321 | $ (35132) | $ 4707706 | $ 4707706 | |||||||||||||||||
58 | 10 | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4707706 | $ - 0 | $ 376616 | $ (37662) | $ 5046661 | $ 5046661 | |||||||||||||||||
59 | 10 | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5046661 | $ - 0 | $ 403733 | $ (40373) | $ 5410021 | $ 5410021 | |||||||||||||||||
60 | 10 | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5410021 | $ - 0 | $ 432802 | $ (43280) | $ 5799542 | $ 5799542 | |||||||||||||||||
61 | 10 | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5799542 | $ - 0 | $ 463963 | $ (46396) | $ 6217109 | $ 6217109 | |||||||||||||||||
62 | 10 | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6217109 | $ - 0 | $ 497369 | $ (49737) | $ 6664741 | $ 6664741 | |||||||||||||||||
63 | 10 | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6664741 | $ - 0 | $ 533179 | $ (53318) | $ 7144602 | $ 7144602 | |||||||||||||||||
64 | 10 | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7144602 | $ - 0 | $ 571568 | $ (57157) | $ 7659014 | $ 7659014 | |||||||||||||||||
65 | 10 | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7659014 | $ - 0 | $ 612721 | $ (61272) | $ 8210463 | $ 8210463 | |||||||||||||||||
66 | 10 | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8210463 | $ - 0 | $ 656837 | $ (65684) | $ 8801616 | $ 8801616 | |||||||||||||||||
67 | 10 | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8801616 | $ - 0 | $ 704129 | $ (70413) | $ 9435332 | $ 9435332 | |||||||||||||||||
68 | 10 | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9435332 | $ - 0 | $ 754827 | $ (75483) | $ 10114676 | $ 10114676 | |||||||||||||||||
69 | 10 | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 10114676 | $ - 0 | $ 809174 | $ (80917) | $ 10842933 | $ 10842933 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||
NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||
NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||
NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||
NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||
NA | 2012 | $ 1469328 | $ (1469328) | $ - 0 | $ - 0 | $ - 0 | $ 881597 | $ 70528 | $ (7053) | $ 945072 | $ 945072 | ||||||||||||||
NA | 2013 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 945072 | $ - 0 | $ 75606 | $ (7561) | $ 1013117 | $ 1013117 | ||||||||||||||
NA | 2014 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1013117 | $ - 0 | $ 81049 | $ (8105) | $ 1086061 | $ 1086061 | ||||||||||||||
NA | 2015 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1086061 | $ - 0 | $ 86885 | $ (8688) | $ 1164258 | $ 1164258 | ||||||||||||||
NA | 2016 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1164258 | $ - 0 | $ 93141 | $ (9314) | $ 1248084 | $ 1248084 | ||||||||||||||
NA | 2017 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1248084 | $ - 0 | $ 99847 | $ (9985) | $ 1337946 | $ 1337946 | ||||||||||||||
NA | 2018 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1337946 | $ - 0 | $ 107036 | $ (10704) | $ 1434279 | $ 1434279 | ||||||||||||||
NA | 2019 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1434279 | $ - 0 | $ 114742 | $ (11474) | $ 1537547 | $ 1537547 | ||||||||||||||
NA | 2020 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1537547 | $ - 0 | $ 123004 | $ (12300) | $ 1648250 | $ 1648250 | ||||||||||||||
NA | 2021 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1648250 | $ - 0 | $ 131860 | $ (13186) | $ 1766924 | $ 1766924 | ||||||||||||||
NA | 2022 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1766924 | $ - 0 | $ 141354 | $ (14135) | $ 1894143 | $ 1894143 | ||||||||||||||
NA | 2023 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1894143 | $ - 0 | $ 151531 | $ (15153) | $ 2030521 | $ 2030521 | ||||||||||||||
NA | 2024 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2030521 | $ - 0 | $ 162442 | $ (16244) | $ 2176718 | $ 2176718 | ||||||||||||||
NA | 2025 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2176718 | $ - 0 | $ 174137 | $ (17414) | $ 2333442 | $ 2333442 | ||||||||||||||
NA | 2026 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2333442 | $ - 0 | $ 186675 | $ (18668) | $ 2501450 | $ 2501450 | ||||||||||||||
NA | 2027 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2501450 | $ - 0 | $ 200116 | $ (20012) | $ 2681554 | $ 2681554 | ||||||||||||||
NA | 2028 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2681554 | $ - 0 | $ 214524 | $ (21452) | $ 2874626 | $ 2874626 | ||||||||||||||
NA | 2029 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2874626 | $ - 0 | $ 229970 | $ (22997) | $ 3081599 | $ 3081599 | ||||||||||||||
NA | 2030 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3081599 | $ - 0 | $ 246528 | $ (24653) | $ 3303474 | $ 3303474 | ||||||||||||||
NA | 2031 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3303474 | $ - 0 | $ 264278 | $ (26428) | $ 3541325 | $ 3541325 | ||||||||||||||
NA | 2032 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3541325 | $ - 0 | $ 283306 | $ (28331) | $ 3796300 | $ 3796300 | ||||||||||||||
NA | 2033 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3796300 | $ - 0 | $ 303704 | $ (30370) | $ 4069634 | $ 4069634 | ||||||||||||||
NA | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4069634 | $ - 0 | $ 325571 | $ (32557) | $ 4362647 | $ 4362647 | ||||||||||||||
NA | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4362647 | $ - 0 | $ 349012 | $ (34901) | $ 4676758 | $ 4676758 | ||||||||||||||
NA | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4676758 | $ - 0 | $ 374141 | $ (37414) | $ 5013484 | $ 5013484 | ||||||||||||||
NA | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5013484 | $ - 0 | $ 401079 | $ (40108) | $ 5374455 | $ 5374455 | ||||||||||||||
NA | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5374455 | $ - 0 | $ 429956 | $ (42996) | $ 5761416 | $ 5761416 | ||||||||||||||
NA | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5761416 | $ - 0 | $ 460913 | $ (46091) | $ 6176238 | $ 6176238 | ||||||||||||||
NA | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6176238 | $ - 0 | $ 494099 | $ (49410) | $ 6620927 | $ 6620927 | ||||||||||||||
NA | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6620927 | $ - 0 | $ 529674 | $ (52967) | $ 7097634 | $ 7097634 | ||||||||||||||
NA | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7097634 | $ - 0 | $ 567811 | $ (56781) | $ 7608663 | $ 7608663 | ||||||||||||||
NA | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7608663 | $ - 0 | $ 608693 | $ (60869) | $ 8156487 | $ 8156487 | ||||||||||||||
NA | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8156487 | $ - 0 | $ 652519 | $ (65252) | $ 8743754 | $ 8743754 | ||||||||||||||
NA | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8743754 | $ - 0 | $ 699500 | $ (69950) | $ 9373305 | $ 9373305 | ||||||||||||||
NA | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9373305 | $ - 0 | $ 749864 | $ (74986) | $ 10048183 | $ 10048183 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
Immediate Distribution | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ (1000000) | $ - 0 | $ - 0 | $ - 0 | $ 600000 | $ 48000 | $ (4800) | $ 643200 | $ 643200 | |||||||||||||
NA | 2008 | $ 643200 | $ - 0 | $ 51456 | $ (5146) | $ 689510 | $ 689510 | ||||||||||||||||||
NA | 2009 | $ 689510 | $ - 0 | $ 55161 | $ (5516) | $ 739155 | $ 739155 | ||||||||||||||||||
NA | 2010 | $ 739155 | $ - 0 | $ 59132 | $ (5913) | $ 792374 | $ 792374 | ||||||||||||||||||
NA | 2011 | $ 792374 | $ - 0 | $ 63390 | $ (6339) | $ 849425 | $ 849425 | ||||||||||||||||||
NA | 2012 | $ 849425 | $ - 0 | $ 67954 | $ (6795) | $ 910584 | $ 910584 | ||||||||||||||||||
NA | 2013 | $ 910584 | $ - 0 | $ 72847 | $ (7285) | $ 976146 | $ 976146 | ||||||||||||||||||
NA | 2014 | $ 976146 | $ - 0 | $ 78092 | $ (7809) | $ 1046428 | $ 1046428 | ||||||||||||||||||
NA | 2015 | $ 1046428 | $ - 0 | $ 83714 | $ (8371) | $ 1121771 | $ 1121771 | ||||||||||||||||||
NA | 2016 | $ 1121771 | $ - 0 | $ 89742 | $ (8974) | $ 1202539 | $ 1202539 | ||||||||||||||||||
NA | 2017 | $ 1202539 | $ - 0 | $ 96203 | $ (9620) | $ 1289122 | $ 1289122 | ||||||||||||||||||
NA | 2018 | $ 1289122 | $ - 0 | $ 103130 | $ (10313) | $ 1381938 | $ 1381938 | ||||||||||||||||||
NA | 2019 | $ 1381938 | $ - 0 | $ 110555 | $ (11056) | $ 1481438 | $ 1481438 | ||||||||||||||||||
NA | 2020 | $ 1481438 | $ - 0 | $ 118515 | $ (11852) | $ 1588101 | $ 1588101 | ||||||||||||||||||
NA | 2021 | $ 1588101 | $ - 0 | $ 127048 | $ (12705) | $ 1702445 | $ 1702445 | ||||||||||||||||||
NA | 2022 | $ 1702445 | $ - 0 | $ 136196 | $ (13620) | $ 1825021 | $ 1825021 | ||||||||||||||||||
NA | 2023 | $ 1825021 | $ - 0 | $ 146002 | $ (14600) | $ 1956422 | $ 1956422 | ||||||||||||||||||
NA | 2024 | $ 1956422 | $ - 0 | $ 156514 | $ (15651) | $ 2097285 | $ 2097285 | ||||||||||||||||||
NA | 2025 | $ 2097285 | $ - 0 | $ 167783 | $ (16778) | $ 2248289 | $ 2248289 | ||||||||||||||||||
NA | 2026 | $ 2248289 | $ - 0 | $ 179863 | $ (17986) | $ 2410166 | $ 2410166 | ||||||||||||||||||
NA | 2027 | $ 2410166 | $ - 0 | $ 192813 | $ (19281) | $ 2583698 | $ 2583698 | ||||||||||||||||||
NA | 2028 | $ 2583698 | $ - 0 | $ 206696 | $ (20670) | $ 2769724 | $ 2769724 | ||||||||||||||||||
NA | 2029 | $ 2769724 | $ - 0 | $ 221578 | $ (22158) | $ 2969144 | $ 2969144 | ||||||||||||||||||
NA | 2030 | $ 2969144 | $ - 0 | $ 237532 | $ (23753) | $ 3182923 | $ 3182923 | ||||||||||||||||||
NA | 2031 | $ 3182923 | $ - 0 | $ 254634 | $ (25463) | $ 3412093 | $ 3412093 | ||||||||||||||||||
NA | 2032 | $ 3412093 | $ - 0 | $ 272967 | $ (27297) | $ 3657764 | $ 3657764 | ||||||||||||||||||
NA | 2033 | $ 3657764 | $ - 0 | $ 292621 | $ (29262) | $ 3921123 | $ 3921123 | ||||||||||||||||||
NA | 2034 | $ 3921123 | $ - 0 | $ 313690 | $ (31369) | $ 4203444 | $ 4203444 | ||||||||||||||||||
NA | 2035 | $ 4203444 | $ - 0 | $ 336276 | $ (33628) | $ 4506092 | $ 4506092 | ||||||||||||||||||
NA | 2036 | $ 4506092 | $ - 0 | $ 360487 | $ (36049) | $ 4830530 | $ 4830530 | ||||||||||||||||||
NA | 2037 | $ 4830530 | $ - 0 | $ 386442 | $ (38644) | $ 5178328 | $ 5178328 | ||||||||||||||||||
NA | 2038 | $ 5178328 | $ - 0 | $ 414266 | $ (41427) | $ 5551168 | $ 5551168 | ||||||||||||||||||
NA | 2039 | $ 5551168 | $ - 0 | $ 444093 | $ (44409) | $ 5950852 | $ 5950852 | ||||||||||||||||||
NA | 2040 | $ 5950852 | $ - 0 | $ 476068 | $ (47607) | $ 6379314 | $ 6379314 | ||||||||||||||||||
NA | 2041 | $ 6379314 | $ - 0 | $ 510345 | $ (51035) | $ 6838624 | $ 6838624 | ||||||||||||||||||
NA | 2042 | $ 6838624 | $ - 0 | $ 547090 | $ (54709) | $ 7331005 | $ 7331005 | ||||||||||||||||||
NA | 2043 | $ 7331005 | $ - 0 | $ 586480 | $ (58648) | $ 7858837 | $ 7858837 | ||||||||||||||||||
NA | 2044 | $ 7858837 | $ - 0 | $ 628707 | $ (62871) | $ 8424674 | $ 8424674 | ||||||||||||||||||
NA | 2045 | $ 8424674 | $ - 0 | $ 673974 | $ (67397) | $ 9031250 | $ 9031250 | ||||||||||||||||||
NA | 2046 | $ 9031250 | $ - 0 | $ 722500 | $ (72250) | $ 9681500 | $ 9681500 |
Year 30 | Year 30 | Year 30 | Year 30 | Year 30 | Year 30 |
Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | ||||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 | |||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 |
O amp S Client | |||||||||||||
Inherited IRA Analysis | |||||||||||||
IRA Transfer to Family Summary | |||||||||||||
Year | Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | |||||||
2007 | $ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | |||||||
2008 | $ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | |||||||
2009 | $ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | |||||||
2010 | $ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | |||||||
2011 | $ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | |||||||
2012 | $ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | |||||||
2013 | $ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | |||||||
2014 | $ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | |||||||
2015 | $ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | |||||||
2016 | $ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | |||||||
2017 | $ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | |||||||
2018 | $ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | |||||||
2019 | $ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | |||||||
2020 | $ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | |||||||
2021 | $ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | |||||||
2022 | $ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | |||||||
2023 | $ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | |||||||
2024 | $ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | |||||||
2025 | $ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | |||||||
2026 | $ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | |||||||
2027 | $ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | |||||||
2028 | $ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | |||||||
2029 | $ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | |||||||
2030 | $ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | |||||||
2031 | $ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | |||||||
2032 | $ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | |||||||
2033 | $ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | |||||||
2034 | $ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | |||||||
2035 | $ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | |||||||
2036 | $ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | |||||||
2037 | $ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | |||||||
2038 | $ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | |||||||
2039 | $ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | |||||||
2040 | $ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | |||||||
2041 | $ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | |||||||
2042 | $ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | |||||||
2043 | $ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | |||||||
2044 | $ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | |||||||
2045 | $ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | |||||||
2046 | $ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||
Assumptions | |||||||||||||||||||||||
First Year of Analysis Year of Death | 2007 | ||||||||||||||||||||||
Five-Year Distribution | 0 | ||||||||||||||||||||||
(0=Lump-Sum at End of Five-Year Period 1=Amortize) | |||||||||||||||||||||||
Owner | 65 | ||||||||||||||||||||||
Ss Age | 60 | Single Life Table | Uniform Table | Factor | |||||||||||||||||||
Cs Age | 30 | 0 | 824 | 70 | 274 | NA | |||||||||||||||||
GCs Age | 15 | 1 | 816 | 71 | 265 | NA | |||||||||||||||||
2 | 806 | 72 | 256 | 533 | |||||||||||||||||||
Total IRA Account Balance | $1000000 | 3 | 797 | 73 | 247 | 679 | |||||||||||||||||
Outside Assets Balance | $0 | 4 | 787 | 74 | 238 | ||||||||||||||||||
5 | 777 | 75 | 229 | ||||||||||||||||||||
Growth Rate | 800 | 6 | 767 | 76 | 220 | ||||||||||||||||||
Turnover on Growth | 5000 | 7 | 758 | 77 | 212 | ||||||||||||||||||
8 | 748 | 78 | 203 | ||||||||||||||||||||
Federal Income Tax Rate | 3500 | 9 | 738 | 79 | 195 | ||||||||||||||||||
State Income Tax Rate | 500 | 10 | 728 | 80 | 187 | ||||||||||||||||||
Effective Income Tax Rate | 4000 | 11 | 718 | 81 | 179 | ||||||||||||||||||
12 | 708 | 82 | 171 | ||||||||||||||||||||
Federal Capital Gains Tax Rate | 1500 | 13 | 699 | 83 | 163 | ||||||||||||||||||
State Capital Gains Tax Rate | 500 | 14 | 689 | 84 | 155 | ||||||||||||||||||
Effective Capital Gains Tax Rate | 2000 | 15 | 679 | 85 | 148 | ||||||||||||||||||
16 | 669 | 86 | 141 | ||||||||||||||||||||
17 | 660 | 87 | 134 | ||||||||||||||||||||
18 | 650 | 88 | 127 | ||||||||||||||||||||
19 | 640 | 89 | 120 | ||||||||||||||||||||
20 | 630 | 90 | 114 | ||||||||||||||||||||
21 | 621 | 91 | 108 | ||||||||||||||||||||
22 | 611 | 92 | 102 | ||||||||||||||||||||
23 | 601 | 93 | 96 | ||||||||||||||||||||
24 | 591 | 94 | 91 | ||||||||||||||||||||
25 | 582 | 95 | 86 | ||||||||||||||||||||
26 | 572 | 96 | 81 | ||||||||||||||||||||
27 | 562 | 97 | 76 | ||||||||||||||||||||
28 | 553 | 98 | 71 | ||||||||||||||||||||
29 | 543 | 99 | 67 | ||||||||||||||||||||
30 | 533 | 100 | 63 | ||||||||||||||||||||
31 | 524 | 101 | 59 | ||||||||||||||||||||
32 | 514 | 102 | 55 | ||||||||||||||||||||
33 | 504 | 103 | 52 | ||||||||||||||||||||
34 | 494 | 104 | 49 | ||||||||||||||||||||
35 | 485 | 105 | 45 | ||||||||||||||||||||
36 | 475 | 106 | 42 | ||||||||||||||||||||
37 | 465 | 107 | 39 | ||||||||||||||||||||
38 | 456 | 108 | 37 | ||||||||||||||||||||
39 | 446 | 109 | 34 | ||||||||||||||||||||
40 | 436 | 110 | 31 | ||||||||||||||||||||
41 | 427 | 111 | 29 | ||||||||||||||||||||
42 | 417 | 112 | 26 | ||||||||||||||||||||
43 | 407 | 113 | 24 | ||||||||||||||||||||
44 | 398 | 114 | 21 | ||||||||||||||||||||
45 | 388 | 115 | 19 | ||||||||||||||||||||
46 | 379 | ||||||||||||||||||||||
47 | 370 | ||||||||||||||||||||||
48 | 360 | ||||||||||||||||||||||
49 | 351 | ||||||||||||||||||||||
50 | 342 | ||||||||||||||||||||||
51 | 333 | ||||||||||||||||||||||
52 | 323 | ||||||||||||||||||||||
53 | 314 | ||||||||||||||||||||||
54 | 305 | ||||||||||||||||||||||
55 | 296 | ||||||||||||||||||||||
56 | 287 | ||||||||||||||||||||||
57 | 279 | ||||||||||||||||||||||
58 | 270 | ||||||||||||||||||||||
59 | 261 | ||||||||||||||||||||||
60 | 252 | ||||||||||||||||||||||
61 | 244 | ||||||||||||||||||||||
62 | 235 | ||||||||||||||||||||||
63 | 227 | ||||||||||||||||||||||
64 | 218 | ||||||||||||||||||||||
65 | 210 | ||||||||||||||||||||||
66 | 202 | ||||||||||||||||||||||
67 | 194 | ||||||||||||||||||||||
68 | 186 | ||||||||||||||||||||||
69 | 178 | ||||||||||||||||||||||
70 | 170 | ||||||||||||||||||||||
71 | 163 | ||||||||||||||||||||||
72 | 155 | ||||||||||||||||||||||
73 | 148 | ||||||||||||||||||||||
74 | 141 | ||||||||||||||||||||||
75 | 134 | ||||||||||||||||||||||
76 | 127 | ||||||||||||||||||||||
77 | 121 | ||||||||||||||||||||||
78 | 114 | ||||||||||||||||||||||
79 | 108 | ||||||||||||||||||||||
80 | 102 | ||||||||||||||||||||||
81 | 97 | ||||||||||||||||||||||
82 | 91 | ||||||||||||||||||||||
83 | 86 | ||||||||||||||||||||||
84 | 81 | ||||||||||||||||||||||
85 | 76 | ||||||||||||||||||||||
86 | 71 | ||||||||||||||||||||||
87 | 67 | ||||||||||||||||||||||
88 | 63 | ||||||||||||||||||||||
89 | 59 | ||||||||||||||||||||||
90 | 55 | ||||||||||||||||||||||
91 | 52 | ||||||||||||||||||||||
92 | 49 | ||||||||||||||||||||||
93 | 46 | ||||||||||||||||||||||
94 | 43 | ||||||||||||||||||||||
95 | 41 | ||||||||||||||||||||||
96 | 38 | ||||||||||||||||||||||
97 | 36 | ||||||||||||||||||||||
98 | 34 | ||||||||||||||||||||||
99 | 31 | ||||||||||||||||||||||
100 | 29 | ||||||||||||||||||||||
101 | 27 | ||||||||||||||||||||||
102 | 25 | ||||||||||||||||||||||
103 | 23 | ||||||||||||||||||||||
104 | 21 | ||||||||||||||||||||||
105 | 19 | ||||||||||||||||||||||
106 | 17 | ||||||||||||||||||||||
107 | 15 | ||||||||||||||||||||||
108 | 14 | ||||||||||||||||||||||
109 | 12 | ||||||||||||||||||||||
110 | 11 | ||||||||||||||||||||||
111 | 10 |
O amp S Client | |
Inherited IRA Analysis | |
Overview | |
The Inherited IRA Analysis is a comprehensive income tax analysis designed to show the additional wealth that can be | |
transferred through deferral In particular this analysis looks at six of the most common scenarios which affect IRA | |
owners These scenarios can be summarized as follows | |
Immediate Distribution | |
In this scenario it is assumed the IRA is liquidated in the year of death with the after-tax proceeds being re-invested | |
in a taxable non-qualified account This scenario is analogous to qualified retirement plan situations whereby the | |
beneficiary is required under the provisions of the qualified retirement plan to take the entire balance out as one | |
lump-sum | |
IRA Payable to Non-Qualified Designated Beneficiary | |
This scenario assumes that the IRA is payable to a non-qualified beneficiary (eg estate non-qualified trust etc) | |
To the extent that the decedent-IRA owner is less than age 70frac12 at the time of death the IRA must be fully | |
distributed by December 31st of the year containing the fifth anniversary of the IRA owners death To the extent that | |
the decedent-IRA owner is 70frac12 or older at the time of death the IRA is payable over the decedent-IRA owners ghost | |
life expectancy In this case the factor used in the first year is determined by reference to the Single Life Table using | |
the age of the decedent-IRA owner in the year of death This factor is then reduced by one every year thereafter | |
IRA Payable to Surviving Spouse (No Spousal Rollover) | |
In this scenario it is assumed that the decedent-IRA owners surviving spouse inherits the IRA but chooses to keep | |
the IRA in the decedent-IRA owners name To the extent that the surviving spouse is younger than the decedent-IRA | |
owner it is assumed that the surviving spouses age is used to determine the annual IRA distributions In this case the | |
factor used to determine the surviving spouses annual IRA distribution is by reference to the Single Life Table This | |
process is then repeated each year until the surviving spouse passes away On the other hand if the decedent-IRA | |
owner is younger than the surviving spouse it is assumed that decedent-IRA owners life expectancy is used to | |
determine the annual IRA distributions In this situation the factor used to determine the annual IRA distribution is | |
determined in the first year by reference to the Single Life Table using the decedent-IRA owners age in the year of death | |
Every year thereafter this factor is reduced by one Furthermore regardless of which method that is used it is assumed | |
that the first distribution will not take place until the decedent-IRA owner would have reached age 70frac12 (in the case where | |
the decedent-IRA owner was under age 70frac12 at the time of death) | |
IRA Payable to Surviving Spouse (Spousal Rollover) | |
This particular scenario assumes that instead of keeping the IRA in the name of the decedent-IRA owner (see description | |
above) the surviving spouse rolls over the decedent-IRA owners IRA into her own IRA In this case the surviving spouse | |
may defer taking withdrawals from the IRA until she turns age 70frac12 Once the surviving spouse turns age 70frac12 the | |
annual IRA distribution is determined by reference to the Uniform Lifetime Table using the surviving spouses age each | |
distribution year | |
IRA Payable to Oldest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death | |
IRA Payable to Youngest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death |
NOTE DO NOT PRINT THIS PAGE | |||||||||||||||||||||||
Singular | Possesive | Current Age | Assumed Age Death | ||||||||||||||||||||
IRA Owners First Name | O | Os | 59 | 59 | Amortize | ||||||||||||||||||
Surviving Spouses First Name | S | Ss | 57 | 66 | Lump-Sum | ||||||||||||||||||
Last Name | Client | ||||||||||||||||||||||
Oldest Beneficiarys Name | C | Cs | 60 | NA | |||||||||||||||||||
Youngest Beneficiarys Name | GC | GCs | 15 | NA | |||||||||||||||||||
First Year of Analysis Year of IRA Owners Death | 2007 | ||||||||||||||||||||||
Federal Income Tax Rate | 3500 | ||||||||||||||||||||||
Federal Capital Gains Rate | 1500 | ||||||||||||||||||||||
State Income Tax Rate | 500 | ||||||||||||||||||||||
State Capital Gains Rate | 500 | ||||||||||||||||||||||
IRA Balance | $ 1000000 | ||||||||||||||||||||||
Outside Assets Balance | $ - 0 | ||||||||||||||||||||||
Growth Rate | 800 | ||||||||||||||||||||||
Turnover on Growth | 5000 | ||||||||||||||||||||||
5-Year Payout Option (IRA Owner lt 70) | Lump-Sum | ||||||||||||||||||||||
Denotes mandatory inputs |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Youngest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | GCs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 15 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
16 | 669 | 2008 | $ 1080000 | $ (16143) | $ 85109 | $ 1148965 | $ - 0 | $ 9686 | $ 775 | $ (77) | $ 10383 | $ 1159349 | |||||||||||||||
17 | 659 | 2009 | $ 1148965 | $ (17435) | $ 90522 | $ 1222052 | $ 10383 | $ 10461 | $ 1668 | $ (167) | $ 22345 | $ 1244398 | |||||||||||||||
18 | 649 | 2010 | $ 1222052 | $ (18830) | $ 96258 | $ 1299480 | $ 22345 | $ 11298 | $ 2691 | $ (269) | $ 36065 | $ 1335546 | |||||||||||||||
19 | 639 | 2011 | $ 1299480 | $ (20336) | $ 102332 | $ 1381476 | $ 36065 | $ 12202 | $ 3861 | $ (386) | $ 51742 | $ 1433218 | |||||||||||||||
20 | 629 | 2012 | $ 1381476 | $ (21963) | $ 108761 | $ 1468274 | $ 51742 | $ 13178 | $ 5194 | $ (519) | $ 69594 | $ 1537868 | |||||||||||||||
21 | 619 | 2013 | $ 1468274 | $ (23720) | $ 115564 | $ 1560118 | $ 69594 | $ 14232 | $ 6706 | $ (671) | $ 89862 | $ 1649980 | |||||||||||||||
22 | 609 | 2014 | $ 1560118 | $ (25618) | $ 122760 | $ 1657260 | $ 89862 | $ 15371 | $ 8419 | $ (842) | $ 112809 | $ 1770070 | |||||||||||||||
23 | 599 | 2015 | $ 1657260 | $ (27667) | $ 130367 | $ 1759961 | $ 112809 | $ 16600 | $ 10353 | $ (1035) | $ 138727 | $ 1898688 | |||||||||||||||
24 | 589 | 2016 | $ 1759961 | $ (29880) | $ 138406 | $ 1868487 | $ 138727 | $ 17928 | $ 12532 | $ (1253) | $ 167935 | $ 2036421 | |||||||||||||||
25 | 579 | 2017 | $ 1868487 | $ (32271) | $ 146897 | $ 1983113 | $ 167935 | $ 19363 | $ 14984 | $ (1498) | $ 200783 | $ 2183896 | |||||||||||||||
26 | 569 | 2018 | $ 1983113 | $ (34853) | $ 155861 | $ 2104121 | $ 200783 | $ 20912 | $ 17736 | $ (1774) | $ 237656 | $ 2341777 | |||||||||||||||
27 | 559 | 2019 | $ 2104121 | $ (37641) | $ 165318 | $ 2231799 | $ 237656 | $ 22584 | $ 20819 | $ (2082) | $ 278978 | $ 2510777 | |||||||||||||||
28 | 549 | 2020 | $ 2231799 | $ (40652) | $ 175292 | $ 2366439 | $ 278978 | $ 24391 | $ 24270 | $ (2427) | $ 325212 | $ 2691650 | |||||||||||||||
29 | 539 | 2021 | $ 2366439 | $ (43904) | $ 185803 | $ 2508337 | $ 325212 | $ 26343 | $ 28124 | $ (2812) | $ 376866 | $ 2885203 | |||||||||||||||
30 | 529 | 2022 | $ 2508337 | $ (47417) | $ 196874 | $ 2657794 | $ 376866 | $ 28450 | $ 32425 | $ (3243) | $ 434499 | $ 3092293 | |||||||||||||||
31 | 519 | 2023 | $ 2657794 | $ (51210) | $ 208527 | $ 2815111 | $ 434499 | $ 30726 | $ 37218 | $ (3722) | $ 498721 | $ 3313832 | |||||||||||||||
32 | 509 | 2024 | $ 2815111 | $ (55307) | $ 220784 | $ 2980589 | $ 498721 | $ 33184 | $ 42552 | $ (4255) | $ 570202 | $ 3550791 | |||||||||||||||
33 | 499 | 2025 | $ 2980589 | $ (59731) | $ 233669 | $ 3154526 | $ 570202 | $ 35839 | $ 48483 | $ (4848) | $ 649676 | $ 3804202 | |||||||||||||||
34 | 489 | 2026 | $ 3154526 | $ (64510) | $ 247201 | $ 3337217 | $ 649676 | $ 38706 | $ 55071 | $ (5507) | $ 737945 | $ 4075163 | |||||||||||||||
35 | 479 | 2027 | $ 3337217 | $ (69671) | $ 261404 | $ 3528951 | $ 737945 | $ 41802 | $ 62380 | $ (6238) | $ 835889 | $ 4364840 | |||||||||||||||
36 | 469 | 2028 | $ 3528951 | $ (75244) | $ 276297 | $ 3730003 | $ 835889 | $ 45146 | $ 70483 | $ (7048) | $ 944471 | $ 4674474 | |||||||||||||||
37 | 459 | 2029 | $ 3730003 | $ (81264) | $ 291899 | $ 3940639 | $ 944471 | $ 48758 | $ 79458 | $ (7946) | $ 1064741 | $ 5005380 | |||||||||||||||
38 | 449 | 2030 | $ 3940639 | $ (87765) | $ 308230 | $ 4161104 | $ 1064741 | $ 52659 | $ 89392 | $ (8939) | $ 1197853 | $ 5358957 | |||||||||||||||
39 | 439 | 2031 | $ 4161104 | $ (94786) | $ 325305 | $ 4391623 | $ 1197853 | $ 56872 | $ 100378 | $ (10038) | $ 1345065 | $ 5736688 | |||||||||||||||
40 | 429 | 2032 | $ 4391623 | $ (102369) | $ 343140 | $ 4632395 | $ 1345065 | $ 61421 | $ 112519 | $ (11252) | $ 1507753 | $ 6140148 | |||||||||||||||
41 | 419 | 2033 | $ 4632395 | $ (110558) | $ 361747 | $ 4883583 | $ 1507753 | $ 66335 | $ 125927 | $ (12593) | $ 1687422 | $ 6571005 | |||||||||||||||
42 | 409 | 2034 | $ 4883583 | $ (119403) | $ 381134 | $ 5145315 | $ 1687422 | $ 71642 | $ 140725 | $ (14073) | $ 1885717 | $ 7031031 | |||||||||||||||
43 | 399 | 2035 | $ 5145315 | $ (128955) | $ 401309 | $ 5417668 | $ 1885717 | $ 77373 | $ 157047 | $ (15705) | $ 2104432 | $ 7522100 | |||||||||||||||
44 | 389 | 2036 | $ 5417668 | $ (139272) | $ 422272 | $ 5700668 | $ 2104432 | $ 83563 | $ 175040 | $ (17504) | $ 2345531 | $ 8046199 | |||||||||||||||
45 | 379 | 2037 | $ 5700668 | $ (150413) | $ 444020 | $ 5994275 | $ 2345531 | $ 90248 | $ 194862 | $ (19486) | $ 2611155 | $ 8605430 | |||||||||||||||
46 | 369 | 2038 | $ 5994275 | $ (162446) | $ 466546 | $ 6298375 | $ 2611155 | $ 97468 | $ 216690 | $ (21669) | $ 2903644 | $ 9202019 | |||||||||||||||
47 | 359 | 2039 | $ 6298375 | $ (175442) | $ 489835 | $ 6612767 | $ 2903644 | $ 105265 | $ 240713 | $ (24071) | $ 3225551 | $ 9838318 | |||||||||||||||
48 | 349 | 2040 | $ 6612767 | $ (189478) | $ 513863 | $ 6937153 | $ 3225551 | $ 113687 | $ 267139 | $ (26714) | $ 3579662 | $ 10516815 | |||||||||||||||
49 | 339 | 2041 | $ 6937153 | $ (204636) | $ 538601 | $ 7271118 | $ 3579662 | $ 122781 | $ 296195 | $ (29620) | $ 3969020 | $ 11240138 | |||||||||||||||
50 | 329 | 2042 | $ 7271118 | $ (221007) | $ 564009 | $ 7614121 | $ 3969020 | $ 132604 | $ 328130 | $ (32813) | $ 4396941 | $ 12011061 | |||||||||||||||
51 | 319 | 2043 | $ 7614121 | $ (238687) | $ 590035 | $ 7965468 | $ 4396941 | $ 143212 | $ 363212 | $ (36321) | $ 4867044 | $ 12832512 | |||||||||||||||
52 | 309 | 2044 | $ 7965468 | $ (257782) | $ 616615 | $ 8324301 | $ 4867044 | $ 154669 | $ 401737 | $ (40174) | $ 5383277 | $ 13707578 | |||||||||||||||
53 | 299 | 2045 | $ 8324301 | $ (278405) | $ 643672 | $ 8689568 | $ 5383277 | $ 167043 | $ 444026 | $ (44403) | $ 5949942 | $ 14639510 | |||||||||||||||
54 | 289 | 2046 | $ 8689568 | $ (300677) | $ 671111 | $ 9060002 | $ 5949942 | $ 180406 | $ 490428 | $ (49043) | $ 6571734 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Oldest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
31 | 524 | 2008 | $ 1080000 | $ (20611) | $ 84751 | $ 1144140 | $ - 0 | $ 12366 | $ 989 | $ (99) | $ 13257 | $ 1157397 | |||||||||||||||
32 | 514 | 2009 | $ 1144140 | $ (22260) | $ 89750 | $ 1211631 | $ 13257 | $ 13356 | $ 2129 | $ (213) | $ 28529 | $ 1240160 | |||||||||||||||
33 | 504 | 2010 | $ 1211631 | $ (24040) | $ 95007 | $ 1282598 | $ 28529 | $ 14424 | $ 3436 | $ (344) | $ 46045 | $ 1328644 | |||||||||||||||
34 | 494 | 2011 | $ 1282598 | $ (25964) | $ 100531 | $ 1357166 | $ 46045 | $ 15578 | $ 4930 | $ (493) | $ 66060 | $ 1423226 | |||||||||||||||
35 | 484 | 2012 | $ 1357166 | $ (28041) | $ 106330 | $ 1435455 | $ 66060 | $ 16824 | $ 6631 | $ (663) | $ 88852 | $ 1524308 | |||||||||||||||
36 | 474 | 2013 | $ 1435455 | $ (30284) | $ 112414 | $ 1517585 | $ 88852 | $ 18170 | $ 8562 | $ (856) | $ 114728 | $ 1632313 | |||||||||||||||
37 | 464 | 2014 | $ 1517585 | $ (32707) | $ 118790 | $ 1603669 | $ 114728 | $ 19624 | $ 10748 | $ (1075) | $ 144026 | $ 1747694 | |||||||||||||||
38 | 454 | 2015 | $ 1603669 | $ (35323) | $ 125468 | $ 1693813 | $ 144026 | $ 21194 | $ 13218 | $ (1322) | $ 177115 | $ 1870929 | |||||||||||||||
39 | 444 | 2016 | $ 1693813 | $ (38149) | $ 132453 | $ 1788117 | $ 177115 | $ 22889 | $ 16000 | $ (1600) | $ 214405 | $ 2002522 | |||||||||||||||
40 | 434 | 2017 | $ 1788117 | $ (41201) | $ 139753 | $ 1886670 | $ 214405 | $ 24721 | $ 19130 | $ (1913) | $ 256343 | $ 2143012 | |||||||||||||||
41 | 424 | 2018 | $ 1886670 | $ (44497) | $ 147374 | $ 1989547 | $ 256343 | $ 26698 | $ 22643 | $ (2264) | $ 303420 | $ 2292966 | |||||||||||||||
42 | 414 | 2019 | $ 1989547 | $ (48057) | $ 155319 | $ 2096809 | $ 303420 | $ 28834 | $ 26580 | $ (2658) | $ 356176 | $ 2452985 | |||||||||||||||
43 | 404 | 2020 | $ 2096809 | $ (51901) | $ 163593 | $ 2208501 | $ 356176 | $ 31141 | $ 30985 | $ (3099) | $ 415204 | $ 2623704 | |||||||||||||||
44 | 394 | 2021 | $ 2208501 | $ (56053) | $ 172196 | $ 2324643 | $ 415204 | $ 33632 | $ 35907 | $ (3591) | $ 481152 | $ 2805795 | |||||||||||||||
45 | 384 | 2022 | $ 2324643 | $ (60538) | $ 181128 | $ 2445234 | $ 481152 | $ 36323 | $ 41398 | $ (4140) | $ 554732 | $ 2999966 | |||||||||||||||
46 | 374 | 2023 | $ 2445234 | $ (65381) | $ 190388 | $ 2570242 | $ 554732 | $ 39228 | $ 47517 | $ (4752) | $ 636726 | $ 3206968 | |||||||||||||||
47 | 364 | 2024 | $ 2570242 | $ (70611) | $ 199970 | $ 2699601 | $ 636726 | $ 42367 | $ 54327 | $ (5433) | $ 727987 | $ 3427588 | |||||||||||||||
48 | 354 | 2025 | $ 2699601 | $ (76260) | $ 209867 | $ 2833208 | $ 727987 | $ 45756 | $ 61899 | $ (6190) | $ 829453 | $ 3662661 | |||||||||||||||
49 | 344 | 2026 | $ 2833208 | $ (82361) | $ 220068 | $ 2970915 | $ 829453 | $ 49416 | $ 70310 | $ (7031) | $ 942148 | $ 3913063 | |||||||||||||||
50 | 334 | 2027 | $ 2970915 | $ (88950) | $ 230557 | $ 3112523 | $ 942148 | $ 53370 | $ 79641 | $ (7964) | $ 1067195 | $ 4179718 | |||||||||||||||
51 | 324 | 2028 | $ 3112523 | $ (96066) | $ 241317 | $ 3257774 | $ 1067195 | $ 57639 | $ 89987 | $ (8999) | $ 1205822 | $ 4463596 | |||||||||||||||
52 | 314 | 2029 | $ 3257774 | $ (103751) | $ 252322 | $ 3406345 | $ 1205822 | $ 62250 | $ 101446 | $ (10145) | $ 1359374 | $ 4765719 | |||||||||||||||
53 | 304 | 2030 | $ 3406345 | $ (112051) | $ 263544 | $ 3557838 | $ 1359374 | $ 67230 | $ 114128 | $ (11413) | $ 1529320 | $ 5087158 | |||||||||||||||
54 | 294 | 2031 | $ 3557838 | $ (121015) | $ 274946 | $ 3711769 | $ 1529320 | $ 72609 | $ 128154 | $ (12815) | $ 1717268 | $ 5429037 | |||||||||||||||
55 | 284 | 2032 | $ 3711769 | $ (130696) | $ 286486 | $ 3867559 | $ 1717268 | $ 78418 | $ 143655 | $ (14365) | $ 1924975 | $ 5792533 | |||||||||||||||
56 | 274 | 2033 | $ 3867559 | $ (141152) | $ 298113 | $ 4024520 | $ 1924975 | $ 84691 | $ 160773 | $ (16077) | $ 2154362 | $ 6178881 | |||||||||||||||
57 | 264 | 2034 | $ 4024520 | $ (152444) | $ 309766 | $ 4181842 | $ 2154362 | $ 91466 | $ 179666 | $ (17967) | $ 2407528 | $ 6589369 | |||||||||||||||
58 | 254 | 2035 | $ 4181842 | $ (164639) | $ 321376 | $ 4338578 | $ 2407528 | $ 98784 | $ 200505 | $ (20050) | $ 2686766 | $ 7025344 | |||||||||||||||
59 | 244 | 2036 | $ 4338578 | $ (177811) | $ 332861 | $ 4493629 | $ 2686766 | $ 106686 | $ 223476 | $ (22348) | $ 2994581 | $ 7488210 | |||||||||||||||
60 | 234 | 2037 | $ 4493629 | $ (192035) | $ 344128 | $ 4645721 | $ 2994581 | $ 115221 | $ 248784 | $ (24878) | $ 3333708 | $ 7979429 | |||||||||||||||
61 | 224 | 2038 | $ 4645721 | $ (207398) | $ 355066 | $ 4793389 | $ 3333708 | $ 124439 | $ 276652 | $ (27665) | $ 3707133 | $ 8500522 | |||||||||||||||
62 | 214 | 2039 | $ 4793389 | $ (223990) | $ 365552 | $ 4934951 | $ 3707133 | $ 134394 | $ 307322 | $ (30732) | $ 4118117 | $ 9053068 | |||||||||||||||
63 | 204 | 2040 | $ 4934951 | $ (241909) | $ 375443 | $ 5068485 | $ 4118117 | $ 145146 | $ 341061 | $ (34106) | $ 4570218 | $ 9638702 | |||||||||||||||
64 | 194 | 2041 | $ 5068485 | $ (261262) | $ 384578 | $ 5191800 | $ 4570218 | $ 156757 | $ 378158 | $ (37816) | $ 5067317 | $ 10259117 | |||||||||||||||
65 | 184 | 2042 | $ 5191800 | $ (282163) | $ 392771 | $ 5302408 | $ 5067317 | $ 169298 | $ 418929 | $ (41893) | $ 5613651 | $ 10916059 | |||||||||||||||
66 | 174 | 2043 | $ 5302408 | $ (304736) | $ 399814 | $ 5397486 | $ 5613651 | $ 182842 | $ 463719 | $ (46372) | $ 6213840 | $ 11611326 | |||||||||||||||
67 | 164 | 2044 | $ 5397486 | $ (329115) | $ 405470 | $ 5473841 | $ 6213840 | $ 197469 | $ 512905 | $ (51290) | $ 6872924 | $ 12346764 | |||||||||||||||
68 | 154 | 2045 | $ 5473841 | $ (355444) | $ 409472 | $ 5527868 | $ 6872924 | $ 213267 | $ 566895 | $ (56690) | $ 7596396 | $ 13124264 | |||||||||||||||
69 | 144 | 2046 | $ 5527868 | $ (383880) | $ 411519 | $ 5555507 | $ 7596396 | $ 230328 | $ 626138 | $ (62614) | $ 8390248 | $ 13945755 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | NA | 2012 | $ 1469328 | $ - 0 | $ 117546 | $ 1586874 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1586874 | ||||||||||||||||
66 | 36 | NA | 2013 | $ 1586874 | $ - 0 | $ 126950 | $ 1713824 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1713824 | ||||||||||||||||
37 | 465 | 2014 | $ 1713824 | $ (36856) | $ 134157 | $ 1811125 | $ - 0 | $ 22114 | $ 1769 | $ (177) | $ 23706 | $ 1834831 | |||||||||||||||||
38 | 455 | 2015 | $ 1811125 | $ (39805) | $ 141706 | $ 1913026 | $ 23706 | $ 23883 | $ 3807 | $ (381) | $ 51015 | $ 1964041 | |||||||||||||||||
39 | 445 | 2016 | $ 1913026 | $ (42989) | $ 149603 | $ 2019640 | $ 51015 | $ 25794 | $ 6145 | $ (614) | $ 82339 | $ 2101979 | |||||||||||||||||
40 | 435 | 2017 | $ 2019640 | $ (46428) | $ 157857 | $ 2131068 | $ 82339 | $ 27857 | $ 8816 | $ (882) | $ 118131 | $ 2249198 | |||||||||||||||||
41 | 425 | 2018 | $ 2131068 | $ (50143) | $ 166474 | $ 2247399 | $ 118131 | $ 30086 | $ 11857 | $ (1186) | $ 158888 | $ 2406287 | |||||||||||||||||
42 | 415 | 2019 | $ 2247399 | $ (54154) | $ 175460 | $ 2368705 | $ 158888 | $ 32493 | $ 15310 | $ (1531) | $ 205160 | $ 2573864 | |||||||||||||||||
43 | 405 | 2020 | $ 2368705 | $ (58487) | $ 184817 | $ 2495035 | $ 205160 | $ 35092 | $ 19220 | $ (1922) | $ 257550 | $ 2752585 | |||||||||||||||||
44 | 395 | 2021 | $ 2495035 | $ (63165) | $ 194550 | $ 2626420 | $ 257550 | $ 37899 | $ 23636 | $ (2364) | $ 316721 | $ 2943141 | |||||||||||||||||
45 | 385 | 2022 | $ 2626420 | $ (68219) | $ 204656 | $ 2762857 | $ 316721 | $ 40931 | $ 28612 | $ (2861) | $ 383403 | $ 3146260 | |||||||||||||||||
46 | 375 | 2023 | $ 2762857 | $ (73676) | $ 215134 | $ 2904315 | $ 383403 | $ 44206 | $ 34209 | $ (3421) | $ 458397 | $ 3362712 | |||||||||||||||||
47 | 365 | 2024 | $ 2904315 | $ (79570) | $ 225980 | $ 3050725 | $ 458397 | $ 47742 | $ 40491 | $ (4049) | $ 542581 | $ 3593306 | |||||||||||||||||
48 | 355 | 2025 | $ 3050725 | $ (85936) | $ 237183 | $ 3201972 | $ 542581 | $ 51562 | $ 47531 | $ (4753) | $ 636921 | $ 3838893 | |||||||||||||||||
49 | 345 | 2026 | $ 3201972 | $ (92811) | $ 248733 | $ 3357894 | $ 636921 | $ 55686 | $ 55409 | $ (5541) | $ 742475 | $ 4100369 | |||||||||||||||||
50 | 335 | 2027 | $ 3357894 | $ (100236) | $ 260613 | $ 3518271 | $ 742475 | $ 60141 | $ 64209 | $ (6421) | $ 860405 | $ 4378676 | |||||||||||||||||
51 | 325 | 2028 | $ 3518271 | $ (108254) | $ 272801 | $ 3682818 | $ 860405 | $ 64953 | $ 74029 | $ (7403) | $ 991984 | $ 4674801 | |||||||||||||||||
52 | 315 | 2029 | $ 3682818 | $ (116915) | $ 285272 | $ 3851175 | $ 991984 | $ 70149 | $ 84971 | $ (8497) | $ 1138606 | $ 4989781 | |||||||||||||||||
53 | 305 | 2030 | $ 3851175 | $ (126268) | $ 297993 | $ 4022900 | $ 1138606 | $ 75761 | $ 97149 | $ (9715) | $ 1301801 | $ 5324701 | |||||||||||||||||
54 | 295 | 2031 | $ 4022900 | $ (136369) | $ 310922 | $ 4197453 | $ 1301801 | $ 81822 | $ 110690 | $ (11069) | $ 1483244 | $ 5680696 | |||||||||||||||||
55 | 285 | 2032 | $ 4197453 | $ (147279) | $ 324014 | $ 4374187 | $ 1483244 | $ 88367 | $ 125729 | $ (12573) | $ 1684767 | $ 6058955 | |||||||||||||||||
56 | 275 | 2033 | $ 4374187 | $ (159061) | $ 337210 | $ 4552336 | $ 1684767 | $ 95437 | $ 142416 | $ (14242) | $ 1908379 | $ 6460715 | |||||||||||||||||
57 | 265 | 2034 | $ 4552336 | $ (171786) | $ 350444 | $ 4730994 | $ 1908379 | $ 103072 | $ 160916 | $ (16092) | $ 2156275 | $ 6887269 | |||||||||||||||||
58 | 255 | 2035 | $ 4730994 | $ (185529) | $ 363637 | $ 4909102 | $ 2156275 | $ 111318 | $ 181407 | $ (18141) | $ 2430859 | $ 7339961 | |||||||||||||||||
59 | 245 | 2036 | $ 4909102 | $ (200372) | $ 376698 | $ 5085429 | $ 2430859 | $ 120223 | $ 204087 | $ (20409) | $ 2734760 | $ 7820189 | |||||||||||||||||
60 | 235 | 2037 | $ 5085429 | $ (216401) | $ 389522 | $ 5258550 | $ 2734760 | $ 129841 | $ 229168 | $ (22917) | $ 3070852 | $ 8329402 | |||||||||||||||||
61 | 225 | 2038 | $ 5258550 | $ (233713) | $ 401987 | $ 5426823 | $ 3070852 | $ 140228 | $ 256886 | $ (25689) | $ 3442278 | $ 8869101 | |||||||||||||||||
62 | 215 | 2039 | $ 5426823 | $ (252410) | $ 413953 | $ 5588366 | $ 3442278 | $ 151446 | $ 287498 | $ (28750) | $ 3852472 | $ 9440838 | |||||||||||||||||
63 | 205 | 2040 | $ 5588366 | $ (272603) | $ 425261 | $ 5741024 | $ 3852472 | $ 163562 | $ 321283 | $ (32128) | $ 4305188 | $ 10046212 | |||||||||||||||||
64 | 195 | 2041 | $ 5741024 | $ (294411) | $ 435729 | $ 5882341 | $ 4305188 | $ 176647 | $ 358547 | $ (35855) | $ 4804527 | $ 10686869 | |||||||||||||||||
65 | 185 | 2042 | $ 5882341 | $ (317964) | $ 445150 | $ 6009527 | $ 4804527 | $ 190779 | $ 399624 | $ (39962) | $ 5354968 | $ 11364495 | |||||||||||||||||
66 | 175 | 2043 | $ 6009527 | $ (343402) | $ 453290 | $ 6119416 | $ 5354968 | $ 206041 | $ 444881 | $ (44488) | $ 5961401 | $ 12080817 | |||||||||||||||||
67 | 165 | 2044 | $ 6119416 | $ (370874) | $ 459883 | $ 6208425 | $ 5961401 | $ 222524 | $ 494714 | $ (49471) | $ 6629168 | $ 12837594 | |||||||||||||||||
68 | 155 | 2045 | $ 6208425 | $ (400544) | $ 464631 | $ 6272512 | $ 6629168 | $ 240326 | $ 549560 | $ (54956) | $ 7364098 | $ 13636610 | |||||||||||||||||
69 | 145 | 2046 | $ 6272512 | $ (432587) | $ 467194 | $ 6307119 | $ 7364098 | $ 259552 | $ 609892 | $ (60989) | $ 8172553 | $ 14479672 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (No Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | 210 | 2012 | $ 1469328 | $ (69968) | $ 111949 | $ 1511309 | $ - 0 | $ 41981 | $ 3358 | $ (336) | $ 45003 | $ 1556312 | ||||||||||||||||
66 | 36 | 202 | 2013 | $ 1511309 | $ (74817) | $ 114919 | $ 1551411 | $ 45003 | $ 44890 | $ 7192 | $ (719) | $ 96366 | $ 1647777 | ||||||||||||||||
37 | 192 | 2014 | $ 1551411 | $ (80803) | $ 117649 | $ 1588257 | $ 96366 | $ 48482 | $ 11588 | $ (1159) | $ 155277 | $ 1743534 | |||||||||||||||||
38 | 182 | 2015 | $ 1588257 | $ (87267) | $ 120079 | $ 1621069 | $ 155277 | $ 52360 | $ 16611 | $ (1661) | $ 222587 | $ 1843656 | |||||||||||||||||
39 | 172 | 2016 | $ 1621069 | $ (94248) | $ 122146 | $ 1648967 | $ 222587 | $ 56549 | $ 22331 | $ (2233) | $ 299233 | $ 1948200 | |||||||||||||||||
40 | 162 | 2017 | $ 1648967 | $ (101788) | $ 123774 | $ 1670953 | $ 299233 | $ 61073 | $ 28825 | $ (2882) | $ 386248 | $ 2057201 | |||||||||||||||||
41 | 152 | 2018 | $ 1670953 | $ (109931) | $ 124882 | $ 1685904 | $ 386248 | $ 65959 | $ 36177 | $ (3618) | $ 484766 | $ 2170670 | |||||||||||||||||
42 | 142 | 2019 | $ 1685904 | $ (118726) | $ 125374 | $ 1692552 | $ 484766 | $ 71235 | $ 44480 | $ (4448) | $ 596033 | $ 2288586 | |||||||||||||||||
43 | 132 | 2020 | $ 1692552 | $ (128224) | $ 125146 | $ 1689475 | $ 596033 | $ 76934 | $ 53837 | $ (5384) | $ 721421 | $ 2410896 | |||||||||||||||||
44 | 122 | 2021 | $ 1689475 | $ (138482) | $ 124079 | $ 1675073 | $ 721421 | $ 83089 | $ 64361 | $ (6436) | $ 862435 | $ 2537508 | |||||||||||||||||
45 | 112 | 2022 | $ 1675073 | $ (149560) | $ 122041 | $ 1647554 | $ 862435 | $ 89736 | $ 76174 | $ (7617) | $ 1020727 | $ 2668281 | |||||||||||||||||
46 | 102 | 2023 | $ 1647554 | $ (161525) | $ 118882 | $ 1604911 | $ 1020727 | $ 96915 | $ 89411 | $ (8941) | $ 1198112 | $ 2803024 | |||||||||||||||||
47 | 92 | 2024 | $ 1604911 | $ (174447) | $ 114437 | $ 1544901 | $ 1198112 | $ 104668 | $ 104222 | $ (10422) | $ 1396581 | $ 2941482 | |||||||||||||||||
48 | 82 | 2025 | $ 1544901 | $ (188403) | $ 108520 | $ 1465019 | $ 1396581 | $ 113042 | $ 120770 | $ (12077) | $ 1618315 | $ 3083334 | |||||||||||||||||
49 | 72 | 2026 | $ 1465019 | $ (203475) | $ 100924 | $ 1362467 | $ 1618315 | $ 122085 | $ 139232 | $ (13923) | $ 1865709 | $ 3228176 | |||||||||||||||||
50 | 62 | 2027 | $ 1362467 | $ (219753) | $ 91417 | $ 1234132 | $ 1865709 | $ 131852 | $ 159805 | $ (15980) | $ 2141385 | $ 3375517 | |||||||||||||||||
51 | 52 | 2028 | $ 1234132 | $ (237333) | $ 79744 | $ 1076543 | $ 2141385 | $ 142400 | $ 182703 | $ (18270) | $ 2448217 | $ 3524760 | |||||||||||||||||
52 | 42 | 2029 | $ 1076543 | $ (256320) | $ 65618 | $ 885841 | $ 2448217 | $ 153792 | $ 208161 | $ (20816) | $ 2789354 | $ 3675194 | |||||||||||||||||
53 | 32 | 2030 | $ 885841 | $ (276825) | $ 48721 | $ 657737 | $ 2789354 | $ 166095 | $ 236436 | $ (23644) | $ 3168241 | $ 3825978 | |||||||||||||||||
54 | 22 | 2031 | $ 657737 | $ (298971) | $ 28701 | $ 387467 | $ 3168241 | $ 179383 | $ 267810 | $ (26781) | $ 3588653 | $ 3976119 | |||||||||||||||||
55 | 12 | 2032 | $ 387467 | $ (322889) | $ 5166 | $ 69744 | $ 3588653 | $ 193733 | $ 302591 | $ (30259) | $ 4054718 | $ 4124462 | |||||||||||||||||
56 | 10 | 2033 | $ 69744 | $ (69744) | $ - 0 | $ - 0 | $ 4054718 | $ 41846 | $ 327725 | $ (32773) | $ 4391517 | $ 4391517 | |||||||||||||||||
57 | 10 | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4391517 | $ - 0 | $ 351321 | $ (35132) | $ 4707706 | $ 4707706 | |||||||||||||||||
58 | 10 | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4707706 | $ - 0 | $ 376616 | $ (37662) | $ 5046661 | $ 5046661 | |||||||||||||||||
59 | 10 | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5046661 | $ - 0 | $ 403733 | $ (40373) | $ 5410021 | $ 5410021 | |||||||||||||||||
60 | 10 | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5410021 | $ - 0 | $ 432802 | $ (43280) | $ 5799542 | $ 5799542 | |||||||||||||||||
61 | 10 | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5799542 | $ - 0 | $ 463963 | $ (46396) | $ 6217109 | $ 6217109 | |||||||||||||||||
62 | 10 | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6217109 | $ - 0 | $ 497369 | $ (49737) | $ 6664741 | $ 6664741 | |||||||||||||||||
63 | 10 | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6664741 | $ - 0 | $ 533179 | $ (53318) | $ 7144602 | $ 7144602 | |||||||||||||||||
64 | 10 | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7144602 | $ - 0 | $ 571568 | $ (57157) | $ 7659014 | $ 7659014 | |||||||||||||||||
65 | 10 | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7659014 | $ - 0 | $ 612721 | $ (61272) | $ 8210463 | $ 8210463 | |||||||||||||||||
66 | 10 | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8210463 | $ - 0 | $ 656837 | $ (65684) | $ 8801616 | $ 8801616 | |||||||||||||||||
67 | 10 | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8801616 | $ - 0 | $ 704129 | $ (70413) | $ 9435332 | $ 9435332 | |||||||||||||||||
68 | 10 | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9435332 | $ - 0 | $ 754827 | $ (75483) | $ 10114676 | $ 10114676 | |||||||||||||||||
69 | 10 | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 10114676 | $ - 0 | $ 809174 | $ (80917) | $ 10842933 | $ 10842933 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||
NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||
NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||
NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||
NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||
NA | 2012 | $ 1469328 | $ (1469328) | $ - 0 | $ - 0 | $ - 0 | $ 881597 | $ 70528 | $ (7053) | $ 945072 | $ 945072 | ||||||||||||||
NA | 2013 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 945072 | $ - 0 | $ 75606 | $ (7561) | $ 1013117 | $ 1013117 | ||||||||||||||
NA | 2014 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1013117 | $ - 0 | $ 81049 | $ (8105) | $ 1086061 | $ 1086061 | ||||||||||||||
NA | 2015 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1086061 | $ - 0 | $ 86885 | $ (8688) | $ 1164258 | $ 1164258 | ||||||||||||||
NA | 2016 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1164258 | $ - 0 | $ 93141 | $ (9314) | $ 1248084 | $ 1248084 | ||||||||||||||
NA | 2017 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1248084 | $ - 0 | $ 99847 | $ (9985) | $ 1337946 | $ 1337946 | ||||||||||||||
NA | 2018 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1337946 | $ - 0 | $ 107036 | $ (10704) | $ 1434279 | $ 1434279 | ||||||||||||||
NA | 2019 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1434279 | $ - 0 | $ 114742 | $ (11474) | $ 1537547 | $ 1537547 | ||||||||||||||
NA | 2020 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1537547 | $ - 0 | $ 123004 | $ (12300) | $ 1648250 | $ 1648250 | ||||||||||||||
NA | 2021 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1648250 | $ - 0 | $ 131860 | $ (13186) | $ 1766924 | $ 1766924 | ||||||||||||||
NA | 2022 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1766924 | $ - 0 | $ 141354 | $ (14135) | $ 1894143 | $ 1894143 | ||||||||||||||
NA | 2023 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1894143 | $ - 0 | $ 151531 | $ (15153) | $ 2030521 | $ 2030521 | ||||||||||||||
NA | 2024 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2030521 | $ - 0 | $ 162442 | $ (16244) | $ 2176718 | $ 2176718 | ||||||||||||||
NA | 2025 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2176718 | $ - 0 | $ 174137 | $ (17414) | $ 2333442 | $ 2333442 | ||||||||||||||
NA | 2026 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2333442 | $ - 0 | $ 186675 | $ (18668) | $ 2501450 | $ 2501450 | ||||||||||||||
NA | 2027 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2501450 | $ - 0 | $ 200116 | $ (20012) | $ 2681554 | $ 2681554 | ||||||||||||||
NA | 2028 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2681554 | $ - 0 | $ 214524 | $ (21452) | $ 2874626 | $ 2874626 | ||||||||||||||
NA | 2029 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2874626 | $ - 0 | $ 229970 | $ (22997) | $ 3081599 | $ 3081599 | ||||||||||||||
NA | 2030 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3081599 | $ - 0 | $ 246528 | $ (24653) | $ 3303474 | $ 3303474 | ||||||||||||||
NA | 2031 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3303474 | $ - 0 | $ 264278 | $ (26428) | $ 3541325 | $ 3541325 | ||||||||||||||
NA | 2032 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3541325 | $ - 0 | $ 283306 | $ (28331) | $ 3796300 | $ 3796300 | ||||||||||||||
NA | 2033 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3796300 | $ - 0 | $ 303704 | $ (30370) | $ 4069634 | $ 4069634 | ||||||||||||||
NA | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4069634 | $ - 0 | $ 325571 | $ (32557) | $ 4362647 | $ 4362647 | ||||||||||||||
NA | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4362647 | $ - 0 | $ 349012 | $ (34901) | $ 4676758 | $ 4676758 | ||||||||||||||
NA | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4676758 | $ - 0 | $ 374141 | $ (37414) | $ 5013484 | $ 5013484 | ||||||||||||||
NA | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5013484 | $ - 0 | $ 401079 | $ (40108) | $ 5374455 | $ 5374455 | ||||||||||||||
NA | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5374455 | $ - 0 | $ 429956 | $ (42996) | $ 5761416 | $ 5761416 | ||||||||||||||
NA | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5761416 | $ - 0 | $ 460913 | $ (46091) | $ 6176238 | $ 6176238 | ||||||||||||||
NA | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6176238 | $ - 0 | $ 494099 | $ (49410) | $ 6620927 | $ 6620927 | ||||||||||||||
NA | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6620927 | $ - 0 | $ 529674 | $ (52967) | $ 7097634 | $ 7097634 | ||||||||||||||
NA | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7097634 | $ - 0 | $ 567811 | $ (56781) | $ 7608663 | $ 7608663 | ||||||||||||||
NA | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7608663 | $ - 0 | $ 608693 | $ (60869) | $ 8156487 | $ 8156487 | ||||||||||||||
NA | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8156487 | $ - 0 | $ 652519 | $ (65252) | $ 8743754 | $ 8743754 | ||||||||||||||
NA | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8743754 | $ - 0 | $ 699500 | $ (69950) | $ 9373305 | $ 9373305 | ||||||||||||||
NA | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9373305 | $ - 0 | $ 749864 | $ (74986) | $ 10048183 | $ 10048183 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
Immediate Distribution | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ (1000000) | $ - 0 | $ - 0 | $ - 0 | $ 600000 | $ 48000 | $ (4800) | $ 643200 | $ 643200 | |||||||||||||
NA | 2008 | $ 643200 | $ - 0 | $ 51456 | $ (5146) | $ 689510 | $ 689510 | ||||||||||||||||||
NA | 2009 | $ 689510 | $ - 0 | $ 55161 | $ (5516) | $ 739155 | $ 739155 | ||||||||||||||||||
NA | 2010 | $ 739155 | $ - 0 | $ 59132 | $ (5913) | $ 792374 | $ 792374 | ||||||||||||||||||
NA | 2011 | $ 792374 | $ - 0 | $ 63390 | $ (6339) | $ 849425 | $ 849425 | ||||||||||||||||||
NA | 2012 | $ 849425 | $ - 0 | $ 67954 | $ (6795) | $ 910584 | $ 910584 | ||||||||||||||||||
NA | 2013 | $ 910584 | $ - 0 | $ 72847 | $ (7285) | $ 976146 | $ 976146 | ||||||||||||||||||
NA | 2014 | $ 976146 | $ - 0 | $ 78092 | $ (7809) | $ 1046428 | $ 1046428 | ||||||||||||||||||
NA | 2015 | $ 1046428 | $ - 0 | $ 83714 | $ (8371) | $ 1121771 | $ 1121771 | ||||||||||||||||||
NA | 2016 | $ 1121771 | $ - 0 | $ 89742 | $ (8974) | $ 1202539 | $ 1202539 | ||||||||||||||||||
NA | 2017 | $ 1202539 | $ - 0 | $ 96203 | $ (9620) | $ 1289122 | $ 1289122 | ||||||||||||||||||
NA | 2018 | $ 1289122 | $ - 0 | $ 103130 | $ (10313) | $ 1381938 | $ 1381938 | ||||||||||||||||||
NA | 2019 | $ 1381938 | $ - 0 | $ 110555 | $ (11056) | $ 1481438 | $ 1481438 | ||||||||||||||||||
NA | 2020 | $ 1481438 | $ - 0 | $ 118515 | $ (11852) | $ 1588101 | $ 1588101 | ||||||||||||||||||
NA | 2021 | $ 1588101 | $ - 0 | $ 127048 | $ (12705) | $ 1702445 | $ 1702445 | ||||||||||||||||||
NA | 2022 | $ 1702445 | $ - 0 | $ 136196 | $ (13620) | $ 1825021 | $ 1825021 | ||||||||||||||||||
NA | 2023 | $ 1825021 | $ - 0 | $ 146002 | $ (14600) | $ 1956422 | $ 1956422 | ||||||||||||||||||
NA | 2024 | $ 1956422 | $ - 0 | $ 156514 | $ (15651) | $ 2097285 | $ 2097285 | ||||||||||||||||||
NA | 2025 | $ 2097285 | $ - 0 | $ 167783 | $ (16778) | $ 2248289 | $ 2248289 | ||||||||||||||||||
NA | 2026 | $ 2248289 | $ - 0 | $ 179863 | $ (17986) | $ 2410166 | $ 2410166 | ||||||||||||||||||
NA | 2027 | $ 2410166 | $ - 0 | $ 192813 | $ (19281) | $ 2583698 | $ 2583698 | ||||||||||||||||||
NA | 2028 | $ 2583698 | $ - 0 | $ 206696 | $ (20670) | $ 2769724 | $ 2769724 | ||||||||||||||||||
NA | 2029 | $ 2769724 | $ - 0 | $ 221578 | $ (22158) | $ 2969144 | $ 2969144 | ||||||||||||||||||
NA | 2030 | $ 2969144 | $ - 0 | $ 237532 | $ (23753) | $ 3182923 | $ 3182923 | ||||||||||||||||||
NA | 2031 | $ 3182923 | $ - 0 | $ 254634 | $ (25463) | $ 3412093 | $ 3412093 | ||||||||||||||||||
NA | 2032 | $ 3412093 | $ - 0 | $ 272967 | $ (27297) | $ 3657764 | $ 3657764 | ||||||||||||||||||
NA | 2033 | $ 3657764 | $ - 0 | $ 292621 | $ (29262) | $ 3921123 | $ 3921123 | ||||||||||||||||||
NA | 2034 | $ 3921123 | $ - 0 | $ 313690 | $ (31369) | $ 4203444 | $ 4203444 | ||||||||||||||||||
NA | 2035 | $ 4203444 | $ - 0 | $ 336276 | $ (33628) | $ 4506092 | $ 4506092 | ||||||||||||||||||
NA | 2036 | $ 4506092 | $ - 0 | $ 360487 | $ (36049) | $ 4830530 | $ 4830530 | ||||||||||||||||||
NA | 2037 | $ 4830530 | $ - 0 | $ 386442 | $ (38644) | $ 5178328 | $ 5178328 | ||||||||||||||||||
NA | 2038 | $ 5178328 | $ - 0 | $ 414266 | $ (41427) | $ 5551168 | $ 5551168 | ||||||||||||||||||
NA | 2039 | $ 5551168 | $ - 0 | $ 444093 | $ (44409) | $ 5950852 | $ 5950852 | ||||||||||||||||||
NA | 2040 | $ 5950852 | $ - 0 | $ 476068 | $ (47607) | $ 6379314 | $ 6379314 | ||||||||||||||||||
NA | 2041 | $ 6379314 | $ - 0 | $ 510345 | $ (51035) | $ 6838624 | $ 6838624 | ||||||||||||||||||
NA | 2042 | $ 6838624 | $ - 0 | $ 547090 | $ (54709) | $ 7331005 | $ 7331005 | ||||||||||||||||||
NA | 2043 | $ 7331005 | $ - 0 | $ 586480 | $ (58648) | $ 7858837 | $ 7858837 | ||||||||||||||||||
NA | 2044 | $ 7858837 | $ - 0 | $ 628707 | $ (62871) | $ 8424674 | $ 8424674 | ||||||||||||||||||
NA | 2045 | $ 8424674 | $ - 0 | $ 673974 | $ (67397) | $ 9031250 | $ 9031250 | ||||||||||||||||||
NA | 2046 | $ 9031250 | $ - 0 | $ 722500 | $ (72250) | $ 9681500 | $ 9681500 |
Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | ||||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 | |||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 |
O amp S Client | |||||||||||||
Inherited IRA Analysis | |||||||||||||
IRA Transfer to Family Summary | |||||||||||||
Year | Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | |||||||
2007 | $ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | |||||||
2008 | $ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | |||||||
2009 | $ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | |||||||
2010 | $ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | |||||||
2011 | $ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | |||||||
2012 | $ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | |||||||
2013 | $ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | |||||||
2014 | $ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | |||||||
2015 | $ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | |||||||
2016 | $ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | |||||||
2017 | $ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | |||||||
2018 | $ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | |||||||
2019 | $ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | |||||||
2020 | $ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | |||||||
2021 | $ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | |||||||
2022 | $ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | |||||||
2023 | $ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | |||||||
2024 | $ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | |||||||
2025 | $ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | |||||||
2026 | $ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | |||||||
2027 | $ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | |||||||
2028 | $ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | |||||||
2029 | $ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | |||||||
2030 | $ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | |||||||
2031 | $ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | |||||||
2032 | $ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | |||||||
2033 | $ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | |||||||
2034 | $ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | |||||||
2035 | $ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | |||||||
2036 | $ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | |||||||
2037 | $ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | |||||||
2038 | $ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | |||||||
2039 | $ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | |||||||
2040 | $ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | |||||||
2041 | $ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | |||||||
2042 | $ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | |||||||
2043 | $ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | |||||||
2044 | $ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | |||||||
2045 | $ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | |||||||
2046 | $ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||
Assumptions | |||||||||||||||||||||||
First Year of Analysis Year of Death | 2007 | ||||||||||||||||||||||
Five-Year Distribution | 0 | ||||||||||||||||||||||
(0=Lump-Sum at End of Five-Year Period 1=Amortize) | |||||||||||||||||||||||
Owner | 65 | ||||||||||||||||||||||
Ss Age | 60 | Single Life Table | Uniform Table | Factor | |||||||||||||||||||
Cs Age | 30 | 0 | 824 | 70 | 274 | NA | |||||||||||||||||
GCs Age | 15 | 1 | 816 | 71 | 265 | NA | |||||||||||||||||
2 | 806 | 72 | 256 | 533 | |||||||||||||||||||
Total IRA Account Balance | $1000000 | 3 | 797 | 73 | 247 | 679 | |||||||||||||||||
Outside Assets Balance | $0 | 4 | 787 | 74 | 238 | ||||||||||||||||||
5 | 777 | 75 | 229 | ||||||||||||||||||||
Growth Rate | 800 | 6 | 767 | 76 | 220 | ||||||||||||||||||
Turnover on Growth | 5000 | 7 | 758 | 77 | 212 | ||||||||||||||||||
8 | 748 | 78 | 203 | ||||||||||||||||||||
Federal Income Tax Rate | 3500 | 9 | 738 | 79 | 195 | ||||||||||||||||||
State Income Tax Rate | 500 | 10 | 728 | 80 | 187 | ||||||||||||||||||
Effective Income Tax Rate | 4000 | 11 | 718 | 81 | 179 | ||||||||||||||||||
12 | 708 | 82 | 171 | ||||||||||||||||||||
Federal Capital Gains Tax Rate | 1500 | 13 | 699 | 83 | 163 | ||||||||||||||||||
State Capital Gains Tax Rate | 500 | 14 | 689 | 84 | 155 | ||||||||||||||||||
Effective Capital Gains Tax Rate | 2000 | 15 | 679 | 85 | 148 | ||||||||||||||||||
16 | 669 | 86 | 141 | ||||||||||||||||||||
17 | 660 | 87 | 134 | ||||||||||||||||||||
18 | 650 | 88 | 127 | ||||||||||||||||||||
19 | 640 | 89 | 120 | ||||||||||||||||||||
20 | 630 | 90 | 114 | ||||||||||||||||||||
21 | 621 | 91 | 108 | ||||||||||||||||||||
22 | 611 | 92 | 102 | ||||||||||||||||||||
23 | 601 | 93 | 96 | ||||||||||||||||||||
24 | 591 | 94 | 91 | ||||||||||||||||||||
25 | 582 | 95 | 86 | ||||||||||||||||||||
26 | 572 | 96 | 81 | ||||||||||||||||||||
27 | 562 | 97 | 76 | ||||||||||||||||||||
28 | 553 | 98 | 71 | ||||||||||||||||||||
29 | 543 | 99 | 67 | ||||||||||||||||||||
30 | 533 | 100 | 63 | ||||||||||||||||||||
31 | 524 | 101 | 59 | ||||||||||||||||||||
32 | 514 | 102 | 55 | ||||||||||||||||||||
33 | 504 | 103 | 52 | ||||||||||||||||||||
34 | 494 | 104 | 49 | ||||||||||||||||||||
35 | 485 | 105 | 45 | ||||||||||||||||||||
36 | 475 | 106 | 42 | ||||||||||||||||||||
37 | 465 | 107 | 39 | ||||||||||||||||||||
38 | 456 | 108 | 37 | ||||||||||||||||||||
39 | 446 | 109 | 34 | ||||||||||||||||||||
40 | 436 | 110 | 31 | ||||||||||||||||||||
41 | 427 | 111 | 29 | ||||||||||||||||||||
42 | 417 | 112 | 26 | ||||||||||||||||||||
43 | 407 | 113 | 24 | ||||||||||||||||||||
44 | 398 | 114 | 21 | ||||||||||||||||||||
45 | 388 | 115 | 19 | ||||||||||||||||||||
46 | 379 | ||||||||||||||||||||||
47 | 370 | ||||||||||||||||||||||
48 | 360 | ||||||||||||||||||||||
49 | 351 | ||||||||||||||||||||||
50 | 342 | ||||||||||||||||||||||
51 | 333 | ||||||||||||||||||||||
52 | 323 | ||||||||||||||||||||||
53 | 314 | ||||||||||||||||||||||
54 | 305 | ||||||||||||||||||||||
55 | 296 | ||||||||||||||||||||||
56 | 287 | ||||||||||||||||||||||
57 | 279 | ||||||||||||||||||||||
58 | 270 | ||||||||||||||||||||||
59 | 261 | ||||||||||||||||||||||
60 | 252 | ||||||||||||||||||||||
61 | 244 | ||||||||||||||||||||||
62 | 235 | ||||||||||||||||||||||
63 | 227 | ||||||||||||||||||||||
64 | 218 | ||||||||||||||||||||||
65 | 210 | ||||||||||||||||||||||
66 | 202 | ||||||||||||||||||||||
67 | 194 | ||||||||||||||||||||||
68 | 186 | ||||||||||||||||||||||
69 | 178 | ||||||||||||||||||||||
70 | 170 | ||||||||||||||||||||||
71 | 163 | ||||||||||||||||||||||
72 | 155 | ||||||||||||||||||||||
73 | 148 | ||||||||||||||||||||||
74 | 141 | ||||||||||||||||||||||
75 | 134 | ||||||||||||||||||||||
76 | 127 | ||||||||||||||||||||||
77 | 121 | ||||||||||||||||||||||
78 | 114 | ||||||||||||||||||||||
79 | 108 | ||||||||||||||||||||||
80 | 102 | ||||||||||||||||||||||
81 | 97 | ||||||||||||||||||||||
82 | 91 | ||||||||||||||||||||||
83 | 86 | ||||||||||||||||||||||
84 | 81 | ||||||||||||||||||||||
85 | 76 | ||||||||||||||||||||||
86 | 71 | ||||||||||||||||||||||
87 | 67 | ||||||||||||||||||||||
88 | 63 | ||||||||||||||||||||||
89 | 59 | ||||||||||||||||||||||
90 | 55 | ||||||||||||||||||||||
91 | 52 | ||||||||||||||||||||||
92 | 49 | ||||||||||||||||||||||
93 | 46 | ||||||||||||||||||||||
94 | 43 | ||||||||||||||||||||||
95 | 41 | ||||||||||||||||||||||
96 | 38 | ||||||||||||||||||||||
97 | 36 | ||||||||||||||||||||||
98 | 34 | ||||||||||||||||||||||
99 | 31 | ||||||||||||||||||||||
100 | 29 | ||||||||||||||||||||||
101 | 27 | ||||||||||||||||||||||
102 | 25 | ||||||||||||||||||||||
103 | 23 | ||||||||||||||||||||||
104 | 21 | ||||||||||||||||||||||
105 | 19 | ||||||||||||||||||||||
106 | 17 | ||||||||||||||||||||||
107 | 15 | ||||||||||||||||||||||
108 | 14 | ||||||||||||||||||||||
109 | 12 | ||||||||||||||||||||||
110 | 11 | ||||||||||||||||||||||
111 | 10 |
O amp S Client | |
Inherited IRA Analysis | |
Overview | |
The Inherited IRA Analysis is a comprehensive income tax analysis designed to show the additional wealth that can be | |
transferred through deferral In particular this analysis looks at six of the most common scenarios which affect IRA | |
owners These scenarios can be summarized as follows | |
Immediate Distribution | |
In this scenario it is assumed the IRA is liquidated in the year of death with the after-tax proceeds being re-invested | |
in a taxable non-qualified account This scenario is analogous to qualified retirement plan situations whereby the | |
beneficiary is required under the provisions of the qualified retirement plan to take the entire balance out as one | |
lump-sum | |
IRA Payable to Non-Qualified Designated Beneficiary | |
This scenario assumes that the IRA is payable to a non-qualified beneficiary (eg estate non-qualified trust etc) | |
To the extent that the decedent-IRA owner is less than age 70frac12 at the time of death the IRA must be fully | |
distributed by December 31st of the year containing the fifth anniversary of the IRA owners death To the extent that | |
the decedent-IRA owner is 70frac12 or older at the time of death the IRA is payable over the decedent-IRA owners ghost | |
life expectancy In this case the factor used in the first year is determined by reference to the Single Life Table using | |
the age of the decedent-IRA owner in the year of death This factor is then reduced by one every year thereafter | |
IRA Payable to Surviving Spouse (No Spousal Rollover) | |
In this scenario it is assumed that the decedent-IRA owners surviving spouse inherits the IRA but chooses to keep | |
the IRA in the decedent-IRA owners name To the extent that the surviving spouse is younger than the decedent-IRA | |
owner it is assumed that the surviving spouses age is used to determine the annual IRA distributions In this case the | |
factor used to determine the surviving spouses annual IRA distribution is by reference to the Single Life Table This | |
process is then repeated each year until the surviving spouse passes away On the other hand if the decedent-IRA | |
owner is younger than the surviving spouse it is assumed that decedent-IRA owners life expectancy is used to | |
determine the annual IRA distributions In this situation the factor used to determine the annual IRA distribution is | |
determined in the first year by reference to the Single Life Table using the decedent-IRA owners age in the year of death | |
Every year thereafter this factor is reduced by one Furthermore regardless of which method that is used it is assumed | |
that the first distribution will not take place until the decedent-IRA owner would have reached age 70frac12 (in the case where | |
the decedent-IRA owner was under age 70frac12 at the time of death) | |
IRA Payable to Surviving Spouse (Spousal Rollover) | |
This particular scenario assumes that instead of keeping the IRA in the name of the decedent-IRA owner (see description | |
above) the surviving spouse rolls over the decedent-IRA owners IRA into her own IRA In this case the surviving spouse | |
may defer taking withdrawals from the IRA until she turns age 70frac12 Once the surviving spouse turns age 70frac12 the | |
annual IRA distribution is determined by reference to the Uniform Lifetime Table using the surviving spouses age each | |
distribution year | |
IRA Payable to Oldest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death | |
IRA Payable to Youngest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death |
NOTE DO NOT PRINT THIS PAGE | |||||||||||||||||||||||
Singular | Possesive | Current Age | Assumed Age Death | ||||||||||||||||||||
IRA Owners First Name | O | Os | 59 | 59 | Amortize | ||||||||||||||||||
Surviving Spouses First Name | S | Ss | 57 | 66 | Lump-Sum | ||||||||||||||||||
Last Name | Client | ||||||||||||||||||||||
Oldest Beneficiarys Name | C | Cs | 60 | NA | |||||||||||||||||||
Youngest Beneficiarys Name | GC | GCs | 15 | NA | |||||||||||||||||||
First Year of Analysis Year of IRA Owners Death | 2007 | ||||||||||||||||||||||
Federal Income Tax Rate | 3500 | ||||||||||||||||||||||
Federal Capital Gains Rate | 1500 | ||||||||||||||||||||||
State Income Tax Rate | 500 | ||||||||||||||||||||||
State Capital Gains Rate | 500 | ||||||||||||||||||||||
IRA Balance | $ 1000000 | ||||||||||||||||||||||
Outside Assets Balance | $ - 0 | ||||||||||||||||||||||
Growth Rate | 800 | ||||||||||||||||||||||
Turnover on Growth | 5000 | ||||||||||||||||||||||
5-Year Payout Option (IRA Owner lt 70) | Lump-Sum | ||||||||||||||||||||||
Denotes mandatory inputs |
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 2
Outlinebull 2019 Law and Secure Act Changesbull Conduit Trust Disaster ndash The Mathbull New Post-mortem Payout Rulesbull Roths vs Traditional IRAsbull Solutions to Analyze
ndash Roth conversionsndash Multi-generational spray trustsndash Spousal rollovers and the new spousal rollover trapndash IRAs to CRTsndash IRA trusts for state income tax savingsndash IRA relocation to life insurancendash Life insurance to offset increased tax-risk of early deathndash Naming a charity as a beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 3
Pre-Secure Law
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 4
Stretch Out IRAsldquoInheritedrdquo IRA
Objective Prolong IRA payments over longest possible period of time thus increasing wealth to future generations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 5
Pre-Secure Bill Distribution Flowchart
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 6
Stretch Out IRAsldquoInheritedrdquo IRA
bull An IRA is treated as ldquoinheritedrdquo if the individual for whose benefit the IRA is maintained acquired the IRA on account of the death of the original owner
bull Under Pre-Secure law the IRA assets could be distributed based upon the life expectancy of the beneficiary
IRC Sec 401(a)(9)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 7
Stretch Out IRAsldquoInheritedrdquo IRA
bull Two Strategiesndash Spousal Rolloverndash Inherited IRA
bull Advantages ndash Rollover delays RMD until spousersquos own RBDndash Inherited IRA provisions allow beneficiaryrsquos life
expectancy to be used for distributions after death of IRA owner
Both Still Available After the Secure Act
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 8
Stretch Out IRAsldquoInheritedrdquo IRA ndash Spousal Beneficiary ndash Rollover
bull Exception to Inherited IRA rulesbull Only available to surviving spousebull Allows spouse to roll over assets received as beneficiary to a
new IRA in hisher own namebull Spousersquos age used to determine when required minimum
distributions must beginbull Spouse may use the Uniform Lifetime Table to determine
distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 9
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
bull Scenariosndash Immediate distributionndash IRA payable to non-qualified beneficiary (five-year rule)ndash IRA payable to surviving spouse (no spousal rollover)ndash IRA payable to surviving spouse (spousal rollover)ndash IRA payable to childndash IRA payable to grandchild
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 10
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
bull Assumptionsndash IRA ownerrsquos age ndash 65ndash Spousersquos age ndash 60 ndash Childrsquos age ndash 35ndash Grandchildrsquos age ndash 10
ndash IRA balance ndash $1000000ndash Brokerage account balance ndash $0
ndash Pre-tax growth rate ndash 8ndash Ordinary income tax rate ndash 40ndash Capital gains tax rate ndash 20
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 11
Summary
YearImmediate Distribution
IRA Payable to Non-Qualified
Designated Beneficiary (ie
5-Year Rule)
IRA Payable to Surviving
Spouse (No Spousal Rollover)
IRA Payable to Surviving Spouse
(Spousal Rollover)
IRA Payable to Oldest Non-
Spousal Beneficiary
IRA Payable to Youngest Non-
Spousal Beneficiary
2007 643200$ 1080000$ 1080000$ 1080000$ 1080000$ 1080000$ 2011 849425$ 1469328$ 1469328$ 1469328$ 1423226$ 1433218$ 2016 1202539$ 1248084$ 1948200$ 2101979$ 2002522$ 2036421$ 2021 1702445$ 1766924$ 2537508$ 2943141$ 2805795$ 2885203$ 2026 2410166$ 2501450$ 3228176$ 4100369$ 3913063$ 4075163$ 2036 4830530$ 5013484$ 5410021$ 7820189$ 7488210$ 8046199$ 2046 9681500$ 10048183$ 10842933$ 14479672$ 13945755$ 15631736$
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 12
Summary ndash Year 30IRA Transfer to Family
(The Power of Deferral)
$4500000
$5000000
$5500000
$6000000
$6500000
$7000000
$7500000
$8000000
$8500000
Year 30
YearImmediate DistributionIRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule)IRA Payable to Surviving Spouse (No Spousal Rollover)IRA Payable to Surviving Spouse (Spousal Rollover)IRA Payable to Oldest Non-Spousal BeneficiaryIRA Payable to Youngest Non-Spousal Beneficiary
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 13
Understanding the Final 401(a)(9) Regulations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 14
401(a)(9) RegulationsFoundational Concepts ndash Required Beginning Date (RBD)
bull Required Beginning Date (RBD) Generally April 1 of the year following the year the owner turns age 70frac12
bull Once at RBD required minimum distributions (RMD) must occur every year by December 31st
THE SECURE ACTINCREASES THE RBD TO AGE 72
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 15
401(a)(9) RegulationsFoundational Concepts ndash Required Minimum
Distribution (RMD)bull RMDs are calculated based upon the aggregate
prior year ending account balance divided by the applicable life expectancy factor
Prior Year1231 Balance
Life Expectancy Factor
RMD =
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 16
Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor
0 824 16 669 32 514 48 360 64 218 80 102 96 381 816 17 660 33 504 49 351 65 210 81 97 97 362 806 18 650 34 494 50 342 66 202 82 91 98 343 797 19 640 35 485 51 333 67 194 83 86 99 314 787 20 630 36 475 52 323 68 186 84 81 100 295 777 21 621 37 465 53 314 69 178 85 76 101 276 767 22 611 38 456 54 305 70 170 86 71 102 257 758 23 601 39 446 55 296 71 163 87 67 103 238 748 24 591 40 436 56 287 72 155 88 63 104 219 738 25 582 41 427 57 279 73 148 89 59 105 1910 728 26 572 42 417 58 270 74 141 90 55 106 1711 718 27 562 43 407 59 261 75 134 91 52 107 1512 708 28 553 44 398 60 252 76 127 92 49 108 1413 699 29 543 45 388 61 244 77 121 93 46 109 1214 689 30 533 46 379 62 235 78 114 94 43 110 1115 679 31 524 47 370 63 227 79 108 95 41 111 10
401(a)(9) RegulationsFoundational Concepts
Single Life Table
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 17
401(a)(9) RegulationsFoundational Concepts ndash Pre-Secure Bill
Five-Year Rule
Death Before Required Beginning Date
Death On or After Required Beginning Date
Designated Beneficiary
Non-Designated Beneficiary
Ownerrsquos ldquoGhostrdquo Life Expectancy Rule
Life Expectancy Rule
Life Expectancy Rule
Both the Five-Year and ldquoGhostrdquo Life Expectancy appear to have survived the Secure ACT for non-designated beneficiaries
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 18
SECURE BILLKEY CHANGES
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 19
RMDs after Death
EFFECTIVE DATEDeaths which Occur After
123119
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 20
RMDs after Death
Basically requires all IRAs Roth IRAS and Qualified Plans to be distributed within 10-years
of death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 21
Age of (Oldest Trust) Beneficiary 40
IRA Balance 1000000$
Pre-Tax Growth Rate 600
After-Tax Growth Rate 475
Average Income Tax Rate - Life Expectancy Rule 2400
Average Income Tax Rate - Ten Year Rule 2800
Distributions Occur at Beginning or End of Period End
Lump-Sum Distribution or Amortize Payments Amortize
Ten-Year vs Life Expectancy
Example
RMDs after Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 22
Example
RMDs after Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 23
RMDs after Death
ndash Surviving Spousendash The employeersquos Children under the
age of majority (not grandchildren or any other children)
ndash Disabledndash Chronically illndash Individual not more than ten years
younger than employee
Exceptions from the 10-year Rule for certain beneficiaries (ldquoeligible designated beneficiaryrdquo)
sectsect 401(a)(2)(E)(ii)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 24
Secure Act Beneficiary RMD SummaryDraft
Tax Terminology Designated Non-Eligible Beneficiary
Surviving Spouse
Eligible Minor Child
Person Less Than 10 Years Younger
Disabled or Chronically Ill
Person
Outright Beneficiary
10-Year Rule Life Expectancy Rule
Life Expectancy Rule (Until Majority then 10-Year Rule)
Life Expectancy Rule
Life Expectancy Rule
Conduit Trust 10-Year Rule Life Expectancy Rule
Life Expectancy Rule (Until Majority then 10-Year Rule)
Life Expectancy Rule
Life Expectancy Rule
Designated Beneficiary Trust
10-Year Rule 10-Year Rule 10-Year Rule 10-Year Rule Life Expectancy Rule
Non-Designated Beneficiary Trust
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 25
Trusts for Disabled and Chronically Ill Beneficiaries
bull Life Expectancy Treatment is Available with a ldquoEligible Designated Beneficiary Trustrdquo
bull Need to Draft an Accumulation Trustbull Roth IRAs may work better due to
ndash The difference in the individual and trust tax ratesndash The ability to pay the income tax on conversion out of
nonqualified funds
bull Two trusts is advisable if the client has both a traditional IRA and a Roth IRA ndash this avoids ldquotrappingrdquo the taxable IRA income
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 26
Math of the Conduit Trust Disaster
bull A conduit (ldquosafendashhavenrdquo) trust requires all RMDs to be paid annually
bull This worked well under the life expectancy rules bull However it is a disaster under the 10-year rulebull In year ten the entire remaining IRA balance must be
paid to the beneficiary
IRA Trust Beneficiary$142387 $142387
Distribution Distribution
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 27
The Conduit Trust DisasterIllustrated
Years after RMDDeath Age Current Method Equal Schedule Full Deferral
0 30 $18762 $142378 $01 31 $20100 $142378 $02 32 $21535 $142378 $03 33 $23072 $142378 $04 34 $24720 $142378 $05 35 $26486 $142378 $06 36 $28379 $142378 $07 37 $30409 $142378 $08 38 $32584 $142378 $09 39 $34917 $142378 $0
10 40 $37417 $142378 $1967151
10-Year Rule Options
Assumes $1000000 IRA at death amp a 7 interest rate
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 28
Ten Year Rule - Roth vs Traditional IRA
bull If minimizing income taxation is the only concern Roth distributions after death should generally be deferred until the end of the Ten-Year period ndash ldquoThe Roth Reprieverdquo
bull Traditional IRA distributions will be tactically withdrawn to manage income tax rates
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 29
The Roth ReprieveRoth conversion example to illustrate the value of the ldquoRoth Reprieverdquo Consider the following
ndash 66 year-old IRA married owner who expects to live to 85ndash She can undertake a $100000 conversion within the 24
bracket to avoid confusing the driving factors of model assume all future taxable distributions from the IRA are subject to a 24 rate
ndash She pays the conversion tax without ldquooutside fundsrdquondash Assume a pre-tax rate of return of 6 and after tax-tax rate
of return of 5ndash Assume the 10-year rule deferral is taken advantage of in
full
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 30
The Roth Reprieve
Death
Final Distribution
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 31
Tax-Driven Beneficiary Designations
bull Utilize Spousal Rolloversbull Utilize Exception Beneficiariesbull Avoid the application of the Five-Year Rule with an
outright beneficiary or a Designated Beneficiary Trustbull Consider forcing the Ghost Life Expectancy Rule to
apply for clients aged 72 to 81
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 32
Tax-Driven Beneficiary Designations
bull Examples ndash Universal Assumptionsndash 6 pre-tax return ndash 5 after-tax return very conservative differencendash Distributions are subject to a 25 average tax rate ndash held
constant to avoid confusion regarding the changes provided by the new law
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 33
Tax-Driven Beneficiary Designations
bull Example 1ndash Consider a 76-year-old surviving spouse who expects to
live to age 85ndash What is the value of capturing the Spousal Rollover for a
$1000000 IRA
Spouse as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 34
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 35
Tax-Driven Beneficiary Designations
bull Example 1 ndash Lessonndash The exemption from the 10-year rule provides limited
additional valuendash A spousal rollover is still prudentndash This is because the Uniform Lifetime Table provides for a
longer life expectancy than the Single Life Table
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 36
Tax-Driven Beneficiary Designations
bull Example 2ndash Consider 40-year-old married doctors with a seven-year-
old childndash Assume the doctors have saved $300000 in their pre-tax
401ksndash Is it worthwhile to name their child as the IRA beneficiary
compared an ineligible beneficiary in case of accidental death
Minor Child as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 37
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 38
Tax-Driven Beneficiary Designations
bull Example 2 ndash Lessonndash The additional deferral provides significant value with timendash The RMDs required before reaching age 26 are relatively
smallndash The distributions required from ages 27-36 must be
managed and thought through to minimize negative tax and other life consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 39
Tax-Driven Beneficiary Designations
bull Example 3 - 1ndash Consider a 60 year-old surviving spouse and a 30 year old disabled
childndash Therersquos at least $1000000 in the deceased clientrsquos IRA beyond which
the surviving spouse never expects to need ndash Assume the surviving spousersquos life expectancy is 85 and the disabled
childrsquos is 55 (both expect to live 25 more years)ndash Compare naming the surviving spouse versus the child as beneficiary
Disabled Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 40
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 41
Tax-Driven Beneficiary Designations
bull Example 3 ndash 1 ndash Lessons ndash The example assumes the disabled child is expected to die at about of
the same age surviving spouse thereby eliminating the requirement for a multi-step analysis
ndash The Surviving Spouse is able to defer taking RMDs until age 72 thereby allowing that option to overcome the benefit of reduced RMDs for the disabled child
ndash Should the disabled child outlive the Surviving Spouse if the rollover option was used taking advantage of the disability exemption remains available and advisable
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 42
Tax-Driven Beneficiary Designations
bull Example 3 - 2ndash Consider the same example except with different agesndash Assume the surviving spouse is 76 and expects to live to 85ndash Assume the disabled child is 51 and expects to live to 60 ndash Both expect to live 9 more years
Disabled Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 43
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 44
Tax-Driven Beneficiary Designations
bull Example 3 ndash 2 ndash Lessons ndash The example assumes the disabled child is expected to die at about
the same age surviving spouse thereby eliminating the requirement for a multi-step analysis
ndash The benefit of the reduced RMDs for the disabled beneficiary allows for more wealth accumulation despite the equal life expectancies
ndash A disclaim plan might be prudent
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 45
Tax-Driven Beneficiary Designations
bull Example 4ndash Consider a client undertaking death-bed planning who would like to
leave $100000 to his chronically ill nephewndash Assume the nephew will be 70 when the client dies with a life
expectancy of two yearsndash Does this plan make sense
Chronically Ill Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 46
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 47
Tax-Driven Beneficiary Designations
bull Example 4 Lessonsndash The plan provides a nominal additional benefit because the IRA is
distributed over 2-3 additional years beyond what the 10-year rule allows
ndash However importantly ndash unlike under previous law ndash this plan does not decrease wealth transfer to the surviving family due to negative tax consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 48
Tax-Driven Beneficiary Designations
bull Example 5 -1ndash Consider a client who would like to leave $250000 to her younger
cousinndash The cousin is 9-years younger than the clientndash The cousin is 75 years-old and is expected to live to age 84ndash Does this plan make sense
Person Not More than 10-Years Younger as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 49
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 50
Tax-Driven Beneficiary Designations
bull Example 5-1 Lessonsndash The plan provides a some additional benefit because the IRA is
distributed over 9-10 additional years beyond what the 10-year rule allows
ndash However importantly ndash unlike under previous law ndash this plan does not decrease wealth transfer to the surviving family due to negative tax consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 51
Tax-Driven Beneficiary Designations
bull Example 5-2ndash Consider a 35-year old childless divorcee re-building his estate plan in
case of accidental deathndash Among other significant assets he has $150000 of assets in his 401k
and IRAsndash Does naming his youngest brother who is 27 as the designated
beneficiary make sense from a tax perspectivendash Assume his brother has a normal has a life expectancy of 85
Person Not More than 10-Years Younger as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 52
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 53
Tax-Driven Beneficiary Designations
bull Example 5-2 Lessonsndash The plan is excellent from a tax-perspective and provides a identical
ldquostretchrdquo available under previous law
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 54
Tax-Driven Beneficiary Designations
bull Example 6-1ndash Consider a 72-year-old who wants to leave her IRA to her only child
who is not an eligible designated beneficiaryndash You are debating whether to advise her to name an non-qualified
designated beneficiary or a qualified designated beneficiary to most efficiently transfer the funds
ndash Assume 6 pre-tax return and a 5 after-tax returnndash Assume the distributions are subject to a 25 average tax ratendash Which is better for her $1000000 IRA the ten-year rule or the
ldquoghostrdquo life expectancy rule
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 55
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 56
Tax-Driven Beneficiary Designations
bull Example 6-2ndash Now consider a similarly situated client who is age 87ndash Does the an non-qualified designated beneficiary named still make
sensendash Assume 6 pre-tax return and a 5 after-tax returnndash Assume the distributions are subject to a 25 average tax rate
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 57
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 58
Tax-Driven Beneficiary Designations
bull Examples 6 Lessonndash If the RMD factor is less than
ten can make sense to force the ghost life expectancy rule
ndash However the ldquoghostrdquo life expectancy rule forces RMDs annually whereas the ten-year rule does not Therefore the flexibility provided by the ten-year rule may reduce the income tax on distributions that the additional deferral cannot overcome
AgeCurrent LE
FactorProposed LE Factor
70 170 18771 163 17972 155 17173 148 16374 141 15675 134 14876 127 14077 121 13378 114 12679 108 11980 102 11281 97 10582 91 9983 86 9284 81 8685 76 81
Uniform Lifetime Table
Current LE Factor70717273747576777879808182838485868788899091929394959697989910010110210310410510610710810911011111211311411511611711811912027426525624723822922212203195187178999999999999991710000000000000116315514814113412712114108101999999999999999691868176716763595552490000000000000044542393734312926242119Proposed LE Factor707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120291282273264255246237228219212021931839999999999999917600000000000001168161521441361291211141081019589830000000000000077873686459565249000000000000004459999999999999964340999999999999996393735343231329282725229999999999999982
Age
Life Expectancy
Single LifeTable
Current LE Factor01234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191208248159999999999999480599999999999994797787777767758748738728718708699000000000000066890000000000000667900000000000006669000000000000066665646362161160159158257256255354353352451450449448547546545644643642741740700000000000003397999999999999973879999999999999737937363513420000000000000333299999999999997322999999999999973143052962872792726125224423522721821202193999999999999991860000000000000117817163155148141134127121114108101999999999999999699999999999999391868176716763595552490000000000000044599999999999999643409999999999999963836343129272522999999999999998211917151412110000000000000011Proposed LE Factor0123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120845837827817808798788778768758748738728719000000000000067090000000000000669900000000000006689000000000000066790000000000000666900000000000006666564636261160159158257256255354353452451450549548647646645744743842841840939939383713613520000000000000334299999999999997332999999999999973243153062972882792712622532452362282221220399999999999999195187178999999999999991710000000000000116315614814133126119112105999199999999999999386817576661575349000000000000004459999999999999964239373432328262522999999999999998220000000000000022121212222195714285714286193571428571428991914285714285709918181614110000000000000011
Age
Life Expectancy
Additional Wealth Accumulated due to Proposed New Table
70717273747576777879808182838485868788899091929394959697989910010110210310410510610710810911011111211311411511611711811912002430581684119533776844724757829681161963892853120342844670049378182744965357302967459663361085896613089320101287749130312597393411076628165381620135670532118670123412273826619769607358612328828881924226884001841431376291448110285563156945724838772150222267466495391831268787899337757844489123351568089798110479916674755514119556765757072721353880634861020415223683035608381170136284358287231889958870677556820869936890574638229107424491117712500571084541920627153140055886472935116973971342731580204455252737
Age
Life Expectancy
Additional Wealth Accumulated due to Proposed New Table
4041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889900120149358606431633806070045125670780381013455218635141469190747244282240918299600016333131457654014234665301492535509263348882020730525836331562304403631079626096788561136840609552571551708213817202718921051464841319248256590673736692413097857542951591337090819621887058440844824481080295205680757167749161114373197187677137393601422663882963353060660884960225899107614531107048248851066512717766058207955145624456054260951662457955510867818926111315059476214910497149117292434567042906396127518742262004409310417834259383383494935479421168639279399949176237440736463405182594937808930474240355243593588466756617266706691216686889053661022335376806654433529824855572014647834952395551009066410597612685480621117943841645556512984063768994622138855832599338141452946870391108115184436847423762158678050286680461658186036634445217328044329513609
Age
Life Expectancy
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 59
PLANNING SOLUTIONS TO ANALYZE
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 60
Solutions to AnalyzeOverview
bull Roth conversionsbull Designated Beneficiary - multi-generational spray trustsbull Spousal rollovers and the new spousal rollover trapbull IRAs to CRTsbull IRA trusts for state income tax savingsbull IRA relocation to life insurancebull Life insurance to offset increased tax-risk of early deathbull Naming a charity as a beneficiarybull Avoiding the Five-Year Rulebull Avoiding or using the ldquoGhost Rulerdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 61
Robert S Keebler CPAPFS MST AEP Secure Act Protocol FLOWCHART
Does the Client Wish to Enhance
Wealth Transfer
Explore CRT or Direct Charity
Gifts
Is the Client Charitably Inclined
Explore Insurance Options
Explore Roth Conversion Options
Yes
Yes
No
Explore Eligible Beneficiaries
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 62
Solutions After the Secure Act
Roth ConversionsA Lifetime Conversions by Plan Owner
B Death-Time Conversions by Plan Ownerrsquos Family
C Spousal Rollover Followed by a Roth Conversion
Spousal Rollover StrategiesA Traditional IRA to Spouse ndash 100 Rollover
B Traditional IRA to Spouse ndash X Disclaimer1) Result Deferral until RBD followed by 10-year payout2) Result Children begin a 10-year payout followed by an additional 10 years at the second death
Charitable Remainder TrustsA Death-Time Payment to CRT ndash Spouse
B Death-Time Payment to CRT - Children
Life Insurance ldquoRelocationrdquoA Acquire Life Insurance in ILIT on Plan Owner
B Acquire Life Insurance in ILIT on Spouse
C Acquire Life Insurance in ILIT Second to Die
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 63
THE NEW SPOUSAL ROLLOVER TRAP
Deceased Spouse ChildrenSurviving
Spouse
Old Best Practice
Spousal Rollover
ldquoInheritedrdquoIRA
IRC sect 408
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 64
THE NEW SPOUSAL ROLLOVER TRAP
Old Best Practice amp the New Spousal Rollover Trap
First Death
8 Years 10 Years
Lifetime RMDs
10-Year Rule Distributions
Second Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 65
THE NEW SPOUSAL ROLLOVER TRAP
Deceased Spouse ChildrenSurviving
Spouse
Potential New Best Practice
Spousal Rollover
ldquoInheritedrdquoIRA
ldquoInheritedrdquoIRA
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 66
THE NEW SPOUSAL ROLLOVER TRAP
Potential New Best Practice
First Death
Second Death
8 Years 10 Years
LifetimeRMDs
10-Year Rule Distributions10-Year Rule Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 67
ROTH CONVERSIONSAs it relates to the new 10-year rule the purpose of Roth Conversions is to spread distributions over many
years and lower brackets
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 68
2020 Tax Brackets
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 69
100 100 100
120120
150
220
220
240
240250
280
320
320
330
350
350
350
370
370396
$-
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2017 2020 2020Married Married Single
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 70
Taxation of Roth IRA Distributions
Distribution within 5 years Distribution beyond 5 years
Age lt 59frac12
Age ge 59frac12
Income Tax Yes (earnings only)
10 Penalty Yes (earnings amp taxable portion of prior conversion amounts)
Income Tax Yes (earnings only)
10 Penalty Yes (earnings only)
Income Tax Yes (earnings only)
10 Penalty No
Income Tax No
10 Penalty No
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 71
Mathematics of Roth IRA Conversions
bull In simplest terms a traditional IRA will produce the same after-tax result as a Roth IRA provided thatndash The annual growth rates are the samendash The tax rate in the conversion year is the
same as the tax rate during the withdrawal years (ie A x B x C = D A x C x B = D)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 72
Mathematics of Roth IRA Conversions
Traditional IRA Roth IRA Life InsuranceCurrent Account Balance 1000000$ 1000000$ 1000000$ Less Income Taxes 40 - (400000) (400000) Net Balance 1000000$ 600000$ 600000$
Growth Until Death 30000 30000 30000
Account Balance Death 3000000$ 1800000$ 1800000$ Less Income Taxes 40 (1200000) - - Net Account Balance to Family 1800000$ 1800000$ 1800000$
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 73
Mathematics of Roth IRA Conversions
bull Critical decision factorsndash Tax rate differential (year of conversion vs withdrawal
years)ndash Use of ldquooutside fundsrdquo to pay the income tax liabilityndash Need for IRA funds to meet annual living expensesndash No RMDsndash Tax-free post-mortem distributionsndash Time horizonndash Estate tax considerationsndash Ten Year ldquoRoth Coastrdquo period
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 74
Mathematics of Roth IRA Conversions
Deferral Beyond the RBD
Using Outside Funds to Pay Conversion Tax
Tax Rate Arbitrage
10-Year Post-mortem Tax-free GrowthldquoRoth Coast Periodrdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 75
Mathematics of Roth IRA Conversions
bull The key to successful Roth IRA conversions is usually to avoid large jumps in brackets (eg converting at a 32 when distributions will likely be subject to a 24 rate will often be ineffective)
bull Although brackets are the primary consideration there are others capital gains AMT NIIT 199A etc
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 76
Mathematics of Roth IRA Conversions
10 tax bracket
12 tax bracket
22 tax bracket
24 tax bracket
32 tax bracket
35 tax bracket
Current taxable income
Example of a possible ldquooptimumrdquo conversion amount
37 tax bracket
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 77
10 tax bracket
15 tax bracket
25 tax bracket
28 tax bracket
33 tax bracket
35 tax bracket
396 tax bracket
10 tax bracket
12 tax bracket
22 tax bracket
24 tax bracket
32 tax bracket
35 tax bracket
37 tax bracket
Target Roth IRA conversion range for most ldquomiddle incomerdquo taxpayers
Black steps = Current lawRed steps = Pre-TCJA (which the tax law reverts to in 2026)
Mathematics of Roth IRA Conversions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 78
Mathematics of Roth IRA Conversions
bull Tactical considerationsndash Unused charitable contribution carryoversndash Current year ordinary lossesndash Net Operating Loss (NOL) carryovers ndash Alternative Minimum Tax (AMT) creditsndash Other credit carryovers
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 79
Estate Tax Considerationsbull ldquoMissingrdquo IRC sect691(c) deduction
ndash When a taxpayer dies with an item of Income in Respect of a Decedent (IRD) such as a traditional IRA in hisher taxable estate the estate (andor its beneficiaries) must not only pay estate tax on the IRD but also pay income tax on the IRD
ndash To prevent double-taxation of IRD the federal income tax law allows an income tax deduction (on IRS Form 1040 Schedule A) for federal estate taxes paid on IRD
ndash This is typically known as the ldquoIRC sect691(c) deductionrdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 80
Estate Tax Considerations
bull ldquoMissingrdquo IRC sect691(c) deductionndash The dilemma with the IRC sect691(c) deduction
is that it only is available for federal estate taxes paid on IRD not state deathestate taxes
ndash Thus the state deathestate tax portion is subject to tax twice (ie ldquomissingrdquo IRC sect691(c) deduction)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 81
Estate Tax Considerations
bull ldquoMissingrdquo IRC sect691(c) deduction exampleTraditional
IRA Roth IRAIRA balance 1000000$ 1000000$ Less Federal and state income taxes on Roth IRA conversion (40) - (400000) Taxable Estate 1000000$ 600000$
Federal estate tax (35) 350000$ 210000$ State death tax (10) 100000 60000 Total estate taxes 450000$ 270000$
Post-death traditional IRA balance 1000000$ Less IRC sect691(c) deduction (350000) Post-death traditional IRA balance subject to income tax 650000$
Federal and state income taxes on IRA distributions (40) 260000$ -$
Net IRA balance to beneficiaries 290000$ 330000$
Reconciliation $100000 state death tax x 40 post-death income tax rate = $40000 (double-tax component) OR$400000 income tax on conversion x 10 state death tax rate = $40000 (estate tax savings)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 82
Estate Tax Considerations
bull ldquoFadingrdquo IRC sect691(c) deductionndash Another dilemma with the IRC sect691(c)
deduction is that it is only calculated on the value of the IRD at the time of death
ndash Thus post-death appreciation is not sheltered against income tax by the IRC sect691 deduction resulting in additional income tax being incurred (ie ldquofadingrdquo IRC sect691(c) deduction)
Frozen-in-Time
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 83
Estate Tax Considerationsbull ldquoFadingrdquo IRC sect691(c) deduction example
No Planning
Roth IRA Conversion
at DeathTraditional IRA balance at death 1000000$ 1000000$ Less IRC sect691(c) deduction - (450000) Taxable portion of Roth IRA conversion 1000000$ 550000$
Federal and state income taxes on Roth IRA conversion (40) -$ 220000$
IRA balance available for future distributions 1000000$ 780000$
Total future IRA distributions 2000000$ 1560000$ Less IRC sect691(c) deduction (450000) - Less Amounts not subject to income tax - (1560000) Taxable portion of future IRA distributions 1550000$ -$
Federal and state income taxes on future IRA distributions (40) 620000$ -$
After-tax total future IRA distributions 1380000$ 1560000$
Reconciliation $1560000 - $1380000 = $180000 OR $620000 future income tax liability - $440000 future value of income tax liability on Roth IRA conversion (ie $220000 x 2)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 84
ROTH CONVERSIONS
10 12 22 24 32 35 37
10 000 -004 -024 -028 -043 -049 -053
12 004 000 -020 -024 -039 -045 -049
22 024 020 000 -004 -020 -026 -030
24 028 024 004 000 -016 -022 -026
32 043 039 020 016 000 -006 -010
35 049 045 026 022 006 000 -004
37 053 049 030 026 010 004 000
Rate Conversion
Rate
D
istr
ibut
ion
bull 10-year analysis periodbull 7 rate of returnbull Tax paid from
retirement accountbull RMDs do not start
within period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 85
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of returnbull Tax paid from retirement
accountbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -004 -024 -028 -043 -049 -053
15 010 006 -014 -018 -033 -039 -043
25 030 026 006 002 -014 -020 -024
28 035 031 012 008 -008 -014 -018
33 045 041 022 018 002 -004 -008
35 049 045 026 022 006 000 -004
396 058 054 035 031 015 009 005
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 86
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of returnbull Tax paid from
retirement accountbull RMDs do not start
within period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -008 -046 -054 -085 -097 -104
12 008 000 -039 -046 -077 -089 -097
22 046 039 000 -008 -039 -050 -058
24 054 046 008 000 -031 -043 -050
32 085 077 039 031 000 -012 -019
35 097 089 050 043 012 000 -008
37 104 097 058 050 019 008 000
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 87
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of returnbull Tax paid from retirement
accountbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -008 -046 -054 -085 -097 -104
15 019 012 -027 -035 -066 -077 -085
25 058 050 012 004 -027 -039 -046
28 070 062 023 015 -015 -027 -035
33 089 081 043 035 004 -008 -015
35 097 089 050 043 012 000 -008
396 115 107 068 060 029 018 010
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 88
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 003 -001 -018 -021 -035 -040 -044
12 007 003 -014 -017 -031 -036 -040
22 026 023 006 002 -011 -017 -020
24 030 027 010 006 -007 -013 -016
32 046 042 025 022 008 003 000
35 052 048 031 028 014 009 006
37 056 052 035 032 018 013 010
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 89
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 003 -001 -018 -021 -035 -040 -044
15 012 009 -008 -011 -025 -030 -034
25 032 029 012 008 -005 -011 -014
28 038 035 018 014 000 -005 -008
33 048 044 027 024 010 005 002
35 052 048 031 028 014 009 006
396 061 057 040 037 023 018 015
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 90
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 010 004 -025 -031 -055 -063 -069
12 017 011 -018 -024 -047 -056 -062
22 056 050 021 015 -008 -017 -023
24 064 058 029 023 000 -009 -015
32 095 089 060 054 030 022 016
35 106 100 071 065 042 033 027
37 114 108 079 073 050 041 035
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 91
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 010 004 -025 -031 -055 -063 -069
15 029 023 -006 -012 -035 -044 -050
25 068 062 033 027 003 -005 -011
28 079 073 044 038 015 006 000
33 099 093 064 058 034 026 020
35 106 100 071 065 042 033 027
396 124 118 089 083 060 051 045
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 92
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with inside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 005 001 -021 -025 -042 -048 -052
12 009 005 -016 -021 -037 -044 -048
22 029 025 004 000 -017 -023 -027
24 033 029 008 004 -013 -019 -023
32 050 046 025 020 004 -003 -007
35 056 052 031 027 010 003 -001
37 060 056 035 031 014 008 003
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 93
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with inside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 034 025 -016 -024 -058 -070 -078
12 041 033 -009 -017 -050 -062 -071
22 079 070 029 021 -012 -025 -033
24 086 078 037 028 -005 -017 -025
32 116 108 067 058 025 013 005
35 128 119 078 070 037 024 016
37 135 127 086 077 044 032 023
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 94
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 008 004 -014 -017 -032 -037 -041
12 012 008 -010 -013 -028 -033 -037
22 032 029 011 007 -007 -013 -016
24 037 033 015 011 -003 -009 -012
32 053 049 031 028 013 008 004
35 059 055 037 034 019 014 010
37 063 060 042 038 024 018 015
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 95
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 044 038 007 001 -024 -033 -039
12 052 046 015 009 -016 -025 -031
22 089 083 052 046 022 012 006
24 097 091 060 054 029 020 014
32 127 121 090 084 059 050 044
35 138 132 101 095 071 061 055
37 146 140 109 103 078 069 063
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 96
MULTI-GENERATION SPRAY TRUST
As it relates to the new 10-year rule the purpose of using a spraytrust is to spread income across a large number of taxpayersthereby lowering the effective rate and to retain the ability toaccumulate income as prudent
WARNING Donrsquot forget about the ldquokiddierdquo tax
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 97
General Trust Tax Rules
bull Income taxed to either the trust or the beneficiariesndash If income is accumulated then the income is taxed
to the trustestate ndash If income is distributed then the trustestate gets
an income tax deduction and beneficiaries report taxable income
ndash IRC sect sect(661-663)
Foundational Concepts
Consider how Rothrsquos are taxed
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 98
2020 Ordinary Income Tax Rates for Estates amp TrustsFoundational Concepts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 99
bull Charitable Remainder Trust (CRT)
Donor
Charity(Remainder Beneficiary)
IRA
Donor receives an immediate income tax deduction for present value of the remainder
interest (must be at least 10 of the value of the
assets originally contributed)
At the end of the trust term the charity receives the residual assets
Annual (or more frequent) payments for life (or a term
of years)CRT
Charitable Remainder TrustsOverview
Child(Income Beneficiary)
Warning Charitable
Intent Required
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 100
bull Charitable Remainder Annuity Trust (CRAT)ndash The beneficiaries receive a fixed percentage of the initial trust value or
a stated amount annually or more frequentlyndash The amount paid doesnrsquot change from year to yearndash The annual payment must be 5-50 of the fair market value of the
assets at the time of contributionndash The term of the annuity can be
bull For a term up to 20 yearsbull Over the life of the annuitant(s) bull Over the shorter of the two orbull Over the longer of the two
ndash Run the Exhaustion Testndash 10 Charitable Remainder Test
Charitable Remainder TrustsTypes of CRTs
WarningA CRAT generally requires a greater Charitable Intent because of the exhaustion
Test
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 101
bull Charitable Remainder Unitrust (CRUT)ndash Income beneficiaries receive a stated percentage of the trustrsquos assets
revalued each yearbull The distribution will vary from year-to-year depending on the investment
performance of the trust assets and the amount withdrawn
bull 10 Charitable Remainder Testbull Life or term-of-years
Charitable Remainder TrustsTypes of CRTs
IRA Charitable Remainder Trust
Beneficiary or Trust fbo a Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 102
Charitable Remainder TrustAccumulation Trust ndash CRUT Combination
Consider an out of state accumulation trust as a beneficiary of the CRT
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 103
bull The character of income received by the recipient is subject to and controlled by the tier rules of IRC sect664(b)ndash First distributions are taxed as ordinary incomendash Second distributions are taxed as capital gainsndash Third distributions are taxed as tax-exempt income (eg
municipal bond income)ndash Finally distributions are assumed to be the non-taxable
return of principal
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 104
Tier 1 Tier 2 Tier 3 Tier 4
STEP 1Current Ordinary Income
STEP 2Accumulated
Ordinary Income
STEP 4Accumulated Capital Gains
STEP 3Current
Capital Gains
STEP 5Current Tax-
Exempt Income
STEP 6Accumulated Tax-Exempt
Income
STEP 7Return of Capital
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 105
bull Traditional IRA Distributions are Tier I Incomebull Interest Earned on post-distribution investment
portfolio is Tier I Incomebull Qualified Dividends earned on post-distribution
investment portfolio is Tier II Incomebull Long-Term Capital Gains earned on post distribution
portfolio is Tier II Incomebull IRA Basis is Tier IV return of capital
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 106
Charitable Remainder TrustsExample
bull Assumptionsndash 50-year old beneficiaryndash 6 rate of return 2 yield 4 growthndash 10 turnover ratendash Tax rates 37 on immediate distribution 32 5-
year distribution 24 10-year distribution 22 lifetime distribution amp all CRT models
ndash May 2019 interest rates
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 107
Charitable Remainder TrustsExample
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 108
Charitable Remainder TrustsExample
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 109
State Income Tax Planning
bull Review State Law of the IRA Ownerndash Will the home state tax the out of state IRA Trustndash Does the home state have a throwback rule
bull Design a beneficiary form to be payable to non-grantor trust in states with no income tax
bull The payments ldquotrappedrdquo in the trust will avoid state income taxes (watch out for throwback)
IRA Nevada Designated Beneficiary IRA Trust Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 110
State Income Tax Planning
httpswwwoshinscomstate-rankings-charts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 111
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 112
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 113
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 114
Secure ActLife Insurance Strategies
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 115
Life Insurance
bull Four Strategiesndash IRA Roth Conversion Hedgendash IRA Relocation
bull Policy on Ownerbull Policy on Spousebull Second-to-die policy
- Income Tax Replacement- Roth Conversion
Subsequent to Ownerrsquos Death by spouse
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 116
Itrsquos a Balancing Act hellipBet to Live Bet to Die
Life Insurance ndash Roth Hedge
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 117
Life Insurance ndash Roth Hedge
bull The 10-year rule creates new actuarial risk of early deathndash Under current law qualified accounts can be drawn-down
over decades after death capturing deferral and virtually assuring bracket arbitrage
ndash However a 10-year distribution requirement will unfairly tax those who die when their savings peak around retirement age or shortly thereafter
ndash Life insurance could however offset this risk that family wealth will be lost to tax
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 118
Life Insurance ndash Roth Hedge
bull Roth conversions will be the primary way in which those with large IRAs avoid exposure to higher income tax rates after deathndash However the effectiveness of this strategy
increases with timendash A life insurance policy equal to the difference
between the theoretical terminal tax and the terminal tax in the event of early death would offset this risk
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 119
Life Insurance ndash Roth Hedge
bull Examplendash Mary is a 60-year old divorcee and has $2000000
in her qualified plansndash Maryrsquos accountant projects her retirement tax-
rate to be no greater than 24 with opportunities to undertake Roth Conversions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 120
Life Insurance ndash Roth Hedge
bull Example (cont)ndash With the stretch RMDs to her only child would
generally be subject to a 22-24 ratendash However with a 10-year rule about 50 of
amortized distributions would be subject to a 32 rate
ndash Maryrsquos simple tax-risk of early death is about $80000 [$2000000 x 50 x (32 - 24)]
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 121
Life Insurance ndash Roth Hedge
bull Example (cont)ndash A more complex calculation could also consider
the value of the loss of the qualified accounts Terminal Tax Deferral Tax-free Compounding of Yield No Roth RMDs During LifePost-mortem Roth Earnings
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 122
Life Insurance ndash Roth Hedgebull Note that the tax-cost of early death will
decrease with age for many peopleAv
erag
e Ra
te S
prea
d
Time
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 123
Life Insurance ndash Roth Hedge
bull Therefore a policy structure with a declining death benefit would best offset the risk
bull A whole or universal life product with a term rider may therefore be the best fit
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 124
Life Insurance ndash Relocation
bull The basic theory is that Roth Conversions will generally produce the same tax deferral result as a permanent life insurance policy
bull Therefore using IRA distributions to fund premium payments can sometimes make sensendash Often works for those with excessive RMDs and high tax rates (basic
minimal funding until RMDs begin possible)ndash Often works for those who may be subject to an estate taxndash Can work in other situations
IRA IRA Owner ILITDistribution Annual
Gifts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 125
Traditional IRA Roth IRA Life InsuranceCurrent Account Balance 1000000$ 1000000$ 1000000$ Less Income Taxes 40 - (400000) (400000) Net Balance 1000000$ 600000$ 600000$
Growth Until Death 30000 30000 30000
Account Balance Death 3000000$ 1800000$ 1800000$ Less Income Taxes 40 (1200000) - - Net Account Balance to Family 1800000$ 1800000$ 1800000$
Life Insurance ndash Relocation
The mathematical theory is similar to a Roth conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 126
Income Tax Replacement
bull Simple Approach ndash Single person or married couplendash Project value at time of deathndash Acquire insurance to equal the future income taxndash Manage Tax Brackets over the ten year post-mortem
withdrawal period
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 127
Roth Conversion Subsequent to Ownerrsquos Death by surviving spouse
bull Determine the likely IRA value at first spousersquos death
bull Acquire Insurance to pay the Roth conversion taxes at first spousersquos death
bull Conversions over 1-11 years
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 128
AppendixCharitable Planning with IRAs at Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 129
bull Available Options to Transfer IRD Assets to Charityndash Name a Charity as the Beneficiary of the IRAndash Specific Bequest of IRD Assets to Charity under a Willndash Power of Executor to make a non-pro rata Distribution to
Residuary Beneficiariesndash Assignment of IRD to charity to satisfy a Pecuniary Bequestndash Recognition of income with sect 642(c) Charitable Deductionndash Recognition of income without sect 642(c) Charitable
Deduction
Charitable Planning with IRAsBasic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 130
sect 642(c)(1) General rule
In the case of an estate or trust there shall be allowed as a deduction in computing its taxable income any amount of the gross income without limitation which pursuant to the terms of the governing instrument is during the taxable year paid for a purpose specified in section 170(c)
Charitable Planning with IRAsBasic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 131
sect 642(c)(2) Amounts permanently set aside
There shall also be allowed as a deduction in computing its taxable income any amount of the gross income without limitation which pursuant to the terms of the governing instrument is during the taxable year permanently set aside for a purpose specified in section 170(c)
Applies only to estates ndash not to trusts funded later than 1969See the remainder of the statute for details
Charitable Planning with IRAs Basic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 132
To be added to our IRA update newsletter
please visit
keeblerandassociatescomspeaking
Traditional IRA | Roth IRA | Life Insurance | |||||
Current Account Balance | $ 1000000 | $ 1000000 | $ 1000000 | ||||
Less Income Taxes 40 | - 0 | (400000) | (400000) | ||||
Net Balance | $ 1000000 | $ 600000 | $ 600000 | ||||
Growth Until Death | 30000 | 30000 | 30000 | ||||
Account Balance Death | $ 3000000 | $ 1800000 | $ 1800000 | ||||
Less Income Taxes 40 | (1200000) | - 0 | - 0 | ||||
Net Account Balance to Family | $ 1800000 | $ 1800000 | $ 1800000 |
No Planning | Roth IRA Conversion at Death | ||||
Traditional IRA balance at death | $ 1000000 | $ 1000000 | |||
Less IRC sect691(c) deduction | - 0 | (450000) | |||
Taxable portion of Roth IRA conversion | $ 1000000 | $ 550000 | |||
Federal and state income taxes on Roth IRA conversion (40) | $ - 0 | $ 220000 | |||
IRA balance available for future distributions | $ 1000000 | $ 780000 | |||
Total future IRA distributions | $ 2000000 | $ 1560000 | |||
Less IRC sect691(c) deduction | (450000) | - 0 | |||
Less Amounts not subject to income tax | - 0 | (1560000) | |||
Taxable portion of future IRA distributions | $ 1550000 | $ - 0 | |||
Federal and state income taxes on future IRA distributions (40) | $ 620000 | $ - 0 | |||
After-tax total future IRA distributions | $ 1380000 | $ 1560000 |
Traditional IRA | Roth IRA | ||||
IRA balance | $ 1000000 | $ 1000000 | |||
Less Federal and state income taxes on Roth IRA conversion (40) | - 0 | (400000) | |||
Taxable Estate | $ 1000000 | $ 600000 | |||
Federal estate tax (35) | $ 350000 | $ 210000 | |||
State death tax (10) | 100000 | 60000 | |||
Total estate taxes | $ 450000 | $ 270000 | |||
Post-death traditional IRA balance | $ 1000000 | ||||
Less IRC sect691(c) deduction | (350000) | ||||
Post-death traditional IRA balance subject to income tax | $ 650000 | ||||
Federal and state income taxes on IRA distributions (40) | $ 260000 | $ - 0 | |||
Net IRA balance to beneficiaries | $ 290000 | $ 330000 |
Traditional IRA | Roth IRA | Life Insurance | |||||
Current Account Balance | $ 1000000 | $ 1000000 | $ 1000000 | ||||
Less Income Taxes 40 | - 0 | (400000) | (400000) | ||||
Net Balance | $ 1000000 | $ 600000 | $ 600000 | ||||
Growth Until Death | 30000 | 30000 | 30000 | ||||
Account Balance Death | $ 3000000 | $ 1800000 | $ 1800000 | ||||
Less Income Taxes 40 | (1200000) | - 0 | - 0 | ||||
Net Account Balance to Family | $ 1800000 | $ 1800000 | $ 1800000 |
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
40 | 436 | $ 1000000 | $ 60000 | $ (22936) | $ 1037064 | $ - 0 | $ - 0 | $ 17431 | $ 17431 | $ (248895) | $ 805600 | |||||||||||||||||
41 | 426 | $ 1037064 | $ 62224 | $ (24344) | $ 1074944 | $ 17431 | $ 784 | $ 18502 | $ 36717 | $ (257987) | $ 853675 | |||||||||||||||||
42 | 416 | $ 1074944 | $ 64497 | $ (25840) | $ 1113600 | $ 36717 | $ 1652 | $ 19638 | $ 58008 | $ (267264) | $ 904344 | |||||||||||||||||
43 | 406 | $ 1113600 | $ 66816 | $ (27429) | $ 1152988 | $ 58008 | $ 2610 | $ 20846 | $ 81464 | $ (276717) | $ 957735 | |||||||||||||||||
44 | 396 | $ 1152988 | $ 69179 | $ (29116) | $ 1193051 | $ 81464 | $ 3666 | $ 22128 | $ 107258 | $ (286332) | $ 1013977 | |||||||||||||||||
45 | 386 | $ 1193051 | $ 71583 | $ (30908) | $ 1233726 | $ 107258 | $ 4827 | $ 23490 | $ 135575 | $ (296094) | $ 1073207 | |||||||||||||||||
46 | 376 | $ 1233726 | $ 74024 | $ (32812) | $ 1274938 | $ 135575 | $ 6101 | $ 24937 | $ 166613 | $ (305985) | $ 1135565 | |||||||||||||||||
47 | 366 | $ 1274938 | $ 76496 | $ (34834) | $ 1316600 | $ 166613 | $ 7498 | $ 26474 | $ 200584 | $ (315984) | $ 1201200 | |||||||||||||||||
48 | 356 | $ 1316600 | $ 78996 | $ (36983) | $ 1358613 | $ 200584 | $ 9026 | $ 28107 | $ 237718 | $ (326067) | $ 1270263 | |||||||||||||||||
49 | 346 | $ 1358613 | $ 81517 | $ (39266) | $ 1400863 | $ 237718 | $ 10697 | $ 29842 | $ 278257 | $ (336207) | $ 1342913 | |||||||||||||||||
50 | 336 | $ 1400863 | $ 84052 | $ (41692) | $ 1443223 | $ 278257 | $ 12522 | $ 31686 | $ 322465 | $ (346373) | $ 1419314 | |||||||||||||||||
51 | 326 | $ 1443223 | $ 86593 | $ (44271) | $ 1485546 | $ 322465 | $ 14511 | $ 33646 | $ 370622 | $ (356531) | $ 1499636 | |||||||||||||||||
52 | 316 | $ 1485546 | $ 89133 | $ (47011) | $ 1527667 | $ 370622 | $ 16678 | $ 35728 | $ 423028 | $ (366640) | $ 1584055 | |||||||||||||||||
53 | 306 | $ 1527667 | $ 91660 | $ (49924) | $ 1569404 | $ 423028 | $ 19036 | $ 37942 | $ 480006 | $ (376657) | $ 1672753 | |||||||||||||||||
54 | 296 | $ 1569404 | $ 94164 | $ (53020) | $ 1610547 | $ 480006 | $ 21600 | $ 40295 | $ 541902 | $ (386531) | $ 1765918 | |||||||||||||||||
55 | 286 | $ 1610547 | $ 96633 | $ (56313) | $ 1650867 | $ 541902 | $ 24386 | $ 42798 | $ 609085 | $ (396208) | $ 1863745 | |||||||||||||||||
56 | 276 | $ 1650867 | $ 99052 | $ (59814) | $ 1690105 | $ 609085 | $ 27409 | $ 45459 | $ 681953 | $ (405625) | $ 1966433 | |||||||||||||||||
57 | 266 | $ 1690105 | $ 101406 | $ (63538) | $ 1727974 | $ 681953 | $ 30688 | $ 48289 | $ 760930 | $ (414714) | $ 2074190 | |||||||||||||||||
58 | 256 | $ 1727974 | $ 103678 | $ (67499) | $ 1764153 | $ 760930 | $ 34242 | $ 51299 | $ 846471 | $ (423397) | $ 2187227 | |||||||||||||||||
59 | 246 | $ 1764153 | $ 105849 | $ (71714) | $ 1798289 | $ 846471 | $ 38091 | $ 54502 | $ 939064 | $ (431589) | $ 2305764 | |||||||||||||||||
60 | 236 | $ 1798289 | $ 107897 | $ (76199) | $ 1829988 | $ 939064 | $ 42258 | $ 57911 | $ 1039233 | $ (439197) | $ 2430024 | |||||||||||||||||
61 | 226 | $ 1829988 | $ 109799 | $ (80973) | $ 1858814 | $ 1039233 | $ 46765 | $ 61539 | $ 1147538 | $ (446115) | $ 2560237 | |||||||||||||||||
62 | 216 | $ 1858814 | $ 111529 | $ (86056) | $ 1884287 | $ 1147538 | $ 51639 | $ 65403 | $ 1264580 | $ (452229) | $ 2696638 | |||||||||||||||||
63 | 206 | $ 1884287 | $ 113057 | $ (91470) | $ 1905874 | $ 1264580 | $ 56906 | $ 69517 | $ 1391003 | $ (457410) | $ 2839467 | |||||||||||||||||
64 | 196 | $ 1905874 | $ 114352 | $ (97238) | $ 1922988 | $ 1391003 | $ 62595 | $ 73901 | $ 1527500 | $ (461517) | $ 2988970 | |||||||||||||||||
65 | 186 | $ 1922988 | $ 115379 | $ (103386) | $ 1934980 | $ 1527500 | $ 68737 | $ 78574 | $ 1674811 | $ (464395) | $ 3145396 | |||||||||||||||||
66 | 176 | $ 1934980 | $ 116099 | $ (109942) | $ 1941137 | $ 1674811 | $ 75366 | $ 83556 | $ 1833733 | $ (465873) | $ 3308998 | |||||||||||||||||
67 | 166 | $ 1941137 | $ 116468 | $ (116936) | $ 1940669 | $ 1833733 | $ 82518 | $ 88871 | $ 2005123 | $ (465761) | $ 3480031 | |||||||||||||||||
68 | 156 | $ 1940669 | $ 116440 | $ (124402) | $ 1932708 | $ 2005123 | $ 90231 | $ 94545 | $ 2189899 | $ (463850) | $ 3658756 | |||||||||||||||||
69 | 146 | $ 1932708 | $ 115962 | $ (132377) | $ 1916293 | $ 2189899 | $ 98545 | $ 100607 | $ 2389051 | $ (459910) | $ 3845433 | |||||||||||||||||
70 | 136 | $ 1916293 | $ 114978 | $ (140904) | $ 1890367 | $ 2389051 | $ 107507 | $ 107087 | $ 2603645 | $ (453688) | $ 4040324 | |||||||||||||||||
71 | 126 | $ 1890367 | $ 113422 | $ (150029) | $ 1853760 | $ 2603645 | $ 117164 | $ 114022 | $ 2834831 | $ (444902) | $ 4243688 | |||||||||||||||||
72 | 116 | $ 1853760 | $ 111226 | $ (159807) | $ 1805178 | $ 2834831 | $ 127567 | $ 121453 | $ 3083852 | $ (433243) | $ 4455787 | |||||||||||||||||
73 | 106 | $ 1805178 | $ 108311 | $ (170300) | $ 1743189 | $ 3083852 | $ 138773 | $ 129428 | $ 3352053 | $ (418365) | $ 4676877 | |||||||||||||||||
74 | 96 | $ 1743189 | $ 104591 | $ (181582) | $ 1666198 | $ 3352053 | $ 150842 | $ 138002 | $ 3640898 | $ (399888) | $ 4907208 | |||||||||||||||||
75 | 86 | $ 1666198 | $ 99972 | $ (193744) | $ 1572426 | $ 3640898 | $ 163840 | $ 147245 | $ 3951984 | $ (377382) | $ 5147028 | |||||||||||||||||
76 | 76 | $ 1572426 | $ 94346 | $ (206898) | $ 1459874 | $ 3951984 | $ 177839 | $ 157243 | $ 4287065 | $ (350370) | $ 5396569 | |||||||||||||||||
77 | 66 | $ 1459874 | $ 87592 | $ (221193) | $ 1326273 | $ 4287065 | $ 192918 | $ 168107 | $ 4648090 | $ (318306) | $ 5656058 | |||||||||||||||||
78 | 56 | $ 1326273 | $ 79576 | $ (236834) | $ 1169015 | $ 4648090 | $ 209164 | $ 179994 | $ 5037248 | $ (280564) | $ 5925700 | |||||||||||||||||
79 | 46 | $ 1169015 | $ 70141 | $ (254134) | $ 985022 | $ 5037248 | $ 226676 | $ 193142 | $ 5457066 | $ (236405) | $ 6205683 | |||||||||||||||||
80 | 36 | $ 985022 | $ 59101 | $ (273617) | $ 770506 | $ 5457066 | $ 245568 | $ 207949 | $ 5910583 | $ (184921) | $ 6496168 | |||||||||||||||||
81 | 26 | $ 770506 | $ 46230 | $ (296349) | $ 520388 | $ 5910583 | $ 265976 | $ 225225 | $ 6401784 | $ (124893) | $ 6797279 | |||||||||||||||||
82 | 16 | $ 520388 | $ 31223 | $ (325243) | $ 226369 | $ 6401784 | $ 288080 | $ 247184 | $ 6937049 | $ (54329) | $ 7109089 | |||||||||||||||||
83 | 10 | $ 226369 | $ 13582 | $ (226369) | $ 13582 | $ 6937049 | $ 312167 | $ 172040 | $ 7421256 | $ (3260) | $ 7431579 | |||||||||||||||||
84 | 10 | $ 13582 | $ 815 | -135821278287923 | $ 815 | $ 7421256 | $ 333957 | $ 10322 | $ 7765535 | $ (196) | $ 7766155 | |||||||||||||||||
85 | 10 | $ 815 | $ 49 | $ (815) | $ 49 | $ 7765535 | $ 349449 | $ 619 | $ 8115604 | $ (12) | $ 8115641 | |||||||||||||||||
86 | 10 | $ 49 | $ 3 | $ (49) | $ 3 | $ 8115604 | $ 365202 | $ 37 | $ 8480843 | $ (1) | $ 8480845 | |||||||||||||||||
87 | 10 | $ 3 | $ 0 | $ (3) | $ 0 | $ 8480843 | $ 381638 | $ 2 | $ 8862483 | $ (0) | $ 8862483 | |||||||||||||||||
88 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 8862483 | $ 398812 | $ 0 | $ 9261295 | $ (0) | $ 9261295 | |||||||||||||||||
89 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9261295 | $ 416758 | $ 0 | $ 9678054 | $ (0) | $ 9678054 | |||||||||||||||||
90 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9678054 | $ 435512 | $ 0 | $ 10113566 | $ (0) | $ 10113566 | |||||||||||||||||
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
40 | 457 | $ 1000000 | $ 60000 | $ (21882) | $ 1038118 | $ - 0 | $ - 0 | $ 16630 | $ 16630 | $ (249148) | $ 805600 | $ - 0 | ||||||||||||||||
41 | 447 | $ 1038118 | $ 62287 | $ (23224) | $ 1077181 | $ 16630 | $ 748 | $ 17650 | $ 35029 | $ (258523) | $ 853687 | $ 12 | ||||||||||||||||
42 | 437 | $ 1077181 | $ 64631 | $ (24649) | $ 1117163 | $ 35029 | $ 1576 | $ 18734 | $ 55339 | $ (268119) | $ 904382 | $ 38 | ||||||||||||||||
43 | 427 | $ 1117163 | $ 67030 | $ (26163) | $ 1158029 | $ 55339 | $ 2490 | $ 19884 | $ 77713 | $ (277927) | $ 957815 | $ 80 | ||||||||||||||||
44 | 417 | $ 1158029 | $ 69482 | $ (27770) | $ 1199741 | $ 77713 | $ 3497 | $ 21106 | $ 102316 | $ (287938) | $ 1014118 | $ 141 | ||||||||||||||||
45 | 407 | $ 1199741 | $ 71984 | $ (29478) | $ 1242247 | $ 102316 | $ 4604 | $ 22403 | $ 129323 | $ (298139) | $ 1073431 | $ 224 | ||||||||||||||||
46 | 397 | $ 1242247 | $ 74535 | $ (31291) | $ 1285491 | $ 129323 | $ 5820 | $ 23781 | $ 158923 | $ (308518) | $ 1135897 | $ 331 | ||||||||||||||||
47 | 387 | $ 1285491 | $ 77129 | $ (33217) | $ 1329404 | $ 158923 | $ 7152 | $ 25245 | $ 191320 | $ (319057) | $ 1201667 | $ 467 | ||||||||||||||||
48 | 377 | $ 1329404 | $ 79764 | $ (35263) | $ 1373905 | $ 191320 | $ 8609 | $ 26800 | $ 226729 | $ (329737) | $ 1270897 | $ 633 | ||||||||||||||||
49 | 367 | $ 1373905 | $ 82434 | $ (37436) | $ 1418904 | $ 226729 | $ 10203 | $ 28451 | $ 265383 | $ (340537) | $ 1343750 | $ 836 | ||||||||||||||||
50 | 357 | $ 1418904 | $ 85134 | $ (39745) | $ 1464293 | $ 265383 | $ 11942 | $ 30206 | $ 307532 | $ (351430) | $ 1420394 | $ 1080 | ||||||||||||||||
51 | 347 | $ 1464293 | $ 87858 | $ (42199) | $ 1509952 | $ 307532 | $ 13839 | $ 32071 | $ 353441 | $ (362388) | $ 1501005 | $ 1368 | ||||||||||||||||
52 | 337 | $ 1509952 | $ 90597 | $ (44806) | $ 1555743 | $ 353441 | $ 15905 | $ 34052 | $ 403399 | $ (373378) | $ 1585763 | $ 1708 | ||||||||||||||||
53 | 327 | $ 1555743 | $ 93345 | $ (47576) | $ 1601511 | $ 403399 | $ 18153 | $ 36158 | $ 457710 | $ (384363) | $ 1674858 | $ 2105 | ||||||||||||||||
54 | 317 | $ 1601511 | $ 96091 | $ (50521) | $ 1647081 | $ 457710 | $ 20597 | $ 38396 | $ 516702 | $ (395299) | $ 1768484 | $ 2566 | ||||||||||||||||
55 | 307 | $ 1647081 | $ 98825 | $ (53651) | $ 1692255 | $ 516702 | $ 23252 | $ 40775 | $ 580729 | $ (406141) | $ 1866843 | $ 3098 | ||||||||||||||||
56 | 297 | $ 1692255 | $ 101535 | $ (56978) | $ 1736812 | $ 580729 | $ 26133 | $ 43303 | $ 650165 | $ (416835) | $ 1970142 | $ 3709 | ||||||||||||||||
57 | 287 | $ 1736812 | $ 104209 | $ (60516) | $ 1780505 | $ 650165 | $ 29257 | $ 45992 | $ 725415 | $ (427321) | $ 2078598 | $ 4408 | ||||||||||||||||
58 | 277 | $ 1780505 | $ 106830 | $ (64278) | $ 1823057 | $ 725415 | $ 32644 | $ 48851 | $ 806910 | $ (437534) | $ 2192433 | $ 5206 | ||||||||||||||||
59 | 267 | $ 1823057 | $ 109383 | $ (68279) | $ 1864161 | $ 806910 | $ 36311 | $ 51892 | $ 895113 | $ (447399) | $ 2311875 | $ 6111 | ||||||||||||||||
60 | 257 | $ 1864161 | $ 111850 | $ (72535) | $ 1903475 | $ 895113 | $ 40280 | $ 55127 | $ 990520 | $ (456834) | $ 2437161 | $ 7137 | ||||||||||||||||
61 | 247 | $ 1903475 | $ 114209 | $ (77064) | $ 1940620 | $ 990520 | $ 44573 | $ 58568 | $ 1093662 | $ (465749) | $ 2568533 | $ 8296 | ||||||||||||||||
62 | 237 | $ 1940620 | $ 116437 | $ (81883) | $ 1975175 | $ 1093662 | $ 49215 | $ 62231 | $ 1205107 | $ (474042) | $ 2706240 | $ 9602 | ||||||||||||||||
63 | 227 | $ 1975175 | $ 118510 | $ (87012) | $ 2006673 | $ 1205107 | $ 54230 | $ 66129 | $ 1325466 | $ (481602) | $ 2850538 | $ 11070 | ||||||||||||||||
64 | 217 | $ 2006673 | $ 120400 | $ (92473) | $ 2034600 | $ 1325466 | $ 59646 | $ 70280 | $ 1455392 | $ (488304) | $ 3001688 | $ 12718 | ||||||||||||||||
65 | 207 | $ 2034600 | $ 122076 | $ (98290) | $ 2058386 | $ 1455392 | $ 65493 | $ 74700 | $ 1595585 | $ (494013) | $ 3159958 | $ 14562 | ||||||||||||||||
66 | 197 | $ 2058386 | $ 123503 | $ (104487) | $ 2077403 | $ 1595585 | $ 71801 | $ 79410 | $ 1746796 | $ (498577) | $ 3325622 | $ 16625 | ||||||||||||||||
67 | 187 | $ 2077403 | $ 124644 | $ (111091) | $ 2090956 | $ 1746796 | $ 78606 | $ 84429 | $ 1909831 | $ (501829) | $ 3498958 | $ 18926 | ||||||||||||||||
68 | 177 | $ 2090956 | $ 125457 | $ (118133) | $ 2098280 | $ 1909831 | $ 85942 | $ 89781 | $ 2085555 | $ (503587) | $ 3680248 | $ 21491 | ||||||||||||||||
69 | 167 | $ 2098280 | $ 125897 | $ (125646) | $ 2098531 | $ 2085555 | $ 93850 | $ 95491 | $ 2274895 | $ (503648) | $ 3869779 | $ 24346 | ||||||||||||||||
70 | 157 | $ 2098531 | $ 125912 | $ (133664) | $ 2090779 | $ 2274895 | $ 102370 | $ 101585 | $ 2478851 | $ (501787) | $ 4067842 | $ 27519 | ||||||||||||||||
71 | 147 | $ 2090779 | $ 125447 | $ (142230) | $ 2073996 | $ 2478851 | $ 111548 | $ 108095 | $ 2698493 | $ (497759) | $ 4274730 | $ 31042 | ||||||||||||||||
72 | 137 | $ 2073996 | $ 124440 | $ (151387) | $ 2047049 | $ 2698493 | $ 121432 | $ 115054 | $ 2934979 | $ (491292) | $ 4490737 | $ 34949 | ||||||||||||||||
73 | 127 | $ 2047049 | $ 122823 | $ (161185) | $ 2008687 | $ 2934979 | $ 132074 | $ 122501 | $ 3189554 | $ (482085) | $ 4716156 | $ 39279 | ||||||||||||||||
74 | 117 | $ 2008687 | $ 120521 | $ (171683) | $ 1957525 | $ 3189554 | $ 143530 | $ 130479 | $ 3463563 | $ (469806) | $ 4951282 | $ 44074 | ||||||||||||||||
75 | 107 | $ 1957525 | $ 117452 | $ (182946) | $ 1892031 | $ 3463563 | $ 155860 | $ 139039 | $ 3758462 | $ (454087) | $ 5196406 | $ 49378 | ||||||||||||||||
76 | 97 | $ 1892031 | $ 113522 | $ (195055) | $ 1810498 | $ 3758462 | $ 169131 | $ 148242 | $ 4075835 | $ (434519) | $ 5451813 | $ 55244 | ||||||||||||||||
77 | 87 | $ 1810498 | $ 108630 | $ (208103) | $ 1711024 | $ 4075835 | $ 183413 | $ 158158 | $ 4417406 | $ (410646) | $ 5717784 | $ 61727 | ||||||||||||||||
78 | 77 | $ 1711024 | $ 102661 | $ (222211) | $ 1591475 | $ 4417406 | $ 198783 | $ 168880 | $ 4785069 | $ (381954) | $ 5994590 | $ 68891 | ||||||||||||||||
79 | 67 | $ 1591475 | $ 95488 | $ (237534) | $ 1449430 | $ 4785069 | $ 215328 | $ 180526 | $ 5180923 | $ (347863) | $ 6282490 | $ 76807 | ||||||||||||||||
80 | 57 | $ 1449430 | $ 86966 | $ (254286) | $ 1282110 | $ 5180923 | $ 233142 | $ 193257 | $ 5607322 | $ (307706) | $ 6581725 | $ 85557 | ||||||||||||||||
81 | 47 | $ 1282110 | $ 76927 | $ (272789) | $ 1086247 | $ 5607322 | $ 252329 | $ 207320 | $ 6066971 | $ (260699) | $ 6892519 | $ 95240 | ||||||||||||||||
82 | 37 | $ 1086247 | $ 65175 | $ (293580) | $ 857842 | $ 6066971 | $ 273014 | $ 223121 | $ 6563106 | $ (205882) | $ 7215065 | $ 105976 | ||||||||||||||||
83 | 27 | $ 857842 | $ 51470 | $ (317719) | $ 591593 | $ 6563106 | $ 295340 | $ 241467 | $ 7099912 | $ (141982) | $ 7549523 | $ 117944 | ||||||||||||||||
84 | 17 | $ 591593 | $ 35496 | $ (347996) | $ 279093 | $ 7099912 | $ 319496 | $ 264477 | $ 7683885 | $ (66982) | $ 7895995 | $ 129841 | ||||||||||||||||
85 | 10 | $ 279093 | $ 16746 | $ (279093) | $ 16746 | $ 7683885 | $ 345775 | $ 212110 | $ 8241770 | $ (4019) | $ 8254497 | $ 138856 | ||||||||||||||||
86 | 10 | $ 16746 | $ 1005 | $ (16746) | $ 1005 | $ 8241770 | $ 370880 | $ 12727 | $ 8625376 | $ (241) | $ 8626140 | $ 145295 | ||||||||||||||||
87 | 10 | $ 1005 | $ 60 | $ (1005) | $ 60 | $ 8625376 | $ 388142 | $ 764 | $ 9014282 | $ (14) | $ 9014328 | $ 151844 | ||||||||||||||||
88 | 10 | $ 60 | $ 4 | $ (60) | $ 4 | $ 9014282 | $ 405643 | $ 46 | $ 9419971 | $ (1) | $ 9419973 | $ 158678 | ||||||||||||||||
89 | 10 | $ 4 | $ 0 | $ (4) | $ 0 | $ 9419971 | $ 423899 | $ 3 | $ 9843872 | $ (0) | $ 9843872 | $ 165819 | ||||||||||||||||
90 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9843872 | $ 442974 | $ 0 | $ 10286846 | $ (0) | $ 10286846 | $ 173280 |
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
70 | 274 | $ 1000000 | $ 60000 | $ (36496) | $ 1023504 | $ - 0 | $ - 0 | $ 27737 | $ 27737 | $ (245641) | $ 805600 | |||||||||||||||||
71 | 265 | $ 1023504 | $ 61410 | $ (38623) | $ 1046291 | $ 27737 | $ 1248 | $ 29353 | $ 58339 | $ (251110) | $ 853520 | |||||||||||||||||
72 | 256 | $ 1046291 | $ 62777 | $ (40871) | $ 1068198 | $ 58339 | $ 2625 | $ 31062 | $ 92026 | $ (256367) | $ 903856 | |||||||||||||||||
73 | 247 | $ 1068198 | $ 64092 | $ (43247) | $ 1089043 | $ 92026 | $ 4141 | $ 32868 | $ 129035 | $ (261370) | $ 956707 | |||||||||||||||||
74 | 238 | $ 1089043 | $ 65343 | $ (45758) | $ 1108627 | $ 129035 | $ 5807 | $ 34776 | $ 169617 | $ (266071) | $ 1012174 | |||||||||||||||||
75 | 229 | $ 1108627 | $ 66518 | $ (48412) | $ 1126733 | $ 169617 | $ 7633 | $ 36793 | $ 214043 | $ (270416) | $ 1070360 | |||||||||||||||||
76 | 220 | $ 1126733 | $ 67604 | $ (51215) | $ 1143122 | $ 214043 | $ 9632 | $ 38924 | $ 262598 | $ (274349) | $ 1131371 | |||||||||||||||||
77 | 212 | $ 1143122 | $ 68587 | $ (53921) | $ 1157789 | $ 262598 | $ 11817 | $ 40980 | $ 315395 | $ (277869) | $ 1195314 | |||||||||||||||||
78 | 203 | $ 1157789 | $ 69467 | $ (57034) | $ 1170222 | $ 315395 | $ 14193 | $ 43346 | $ 372934 | $ (280853) | $ 1262302 | |||||||||||||||||
79 | 195 | $ 1170222 | $ 70213 | $ (60011) | $ 1180424 | $ 372934 | $ 16782 | $ 45609 | $ 435324 | $ (283302) | $ 1332446 | |||||||||||||||||
80 | 187 | $ 1180424 | $ 70825 | $ (63124) | $ 1188125 | $ 435324 | $ 19590 | $ 47974 | $ 502888 | $ (285150) | $ 1405863 | |||||||||||||||||
81 | 179 | $ 1188125 | $ 71288 | $ (66376) | $ 1193037 | $ 502888 | $ 22630 | $ 50446 | $ 575964 | $ (286329) | $ 1482672 | |||||||||||||||||
82 | 171 | $ 1193037 | $ 71582 | $ (69768) | $ 1194851 | $ 575964 | $ 25918 | $ 53024 | $ 654906 | $ (286764) | $ 1562993 | |||||||||||||||||
83 | 163 | $ 1194851 | $ 71691 | $ (73304) | $ 1193238 | $ 654906 | $ 29471 | $ 55711 | $ 740088 | $ (286377) | $ 1646949 | |||||||||||||||||
84 | 155 | $ 1193238 | $ 71594 | $ (76983) | $ 1187849 | $ 740088 | $ 33304 | $ 58507 | $ 831899 | $ (285084) | $ 1734664 | |||||||||||||||||
85 | 148 | $ 1187849 | $ 71271 | $ (80260) | $ 1178860 | $ 831899 | $ 37435 | $ 60998 | $ 930332 | $ (282926) | $ 1826266 | |||||||||||||||||
86 | 141 | $ 1178860 | $ 70732 | $ (83607) | $ 1165985 | $ 930332 | $ 41865 | $ 63541 | $ 1035738 | $ (279836) | $ 1921887 | |||||||||||||||||
87 | 134 | $ 1165985 | $ 69959 | $ (87014) | $ 1148930 | $ 1035738 | $ 46608 | $ 66130 | $ 1148477 | $ (275743) | $ 2021664 | |||||||||||||||||
88 | 127 | $ 1148930 | $ 68936 | $ (90467) | $ 1127399 | $ 1148477 | $ 51681 | $ 68755 | $ 1268913 | $ (270576) | $ 2125736 | |||||||||||||||||
89 | 120 | $ 1127399 | $ 67644 | $ (93950) | $ 1101093 | $ 1268913 | $ 57101 | $ 71402 | $ 1397416 | $ (264262) | $ 2234247 | |||||||||||||||||
90 | 114 | $ 1101093 | $ 66066 | $ (96587) | $ 1070571 | $ 1397416 | $ 62884 | $ 73406 | $ 1533706 | $ (256937) | $ 2347340 | |||||||||||||||||
91 | 108 | $ 1070571 | $ 64234 | $ (99127) | $ 1035679 | $ 1533706 | $ 69017 | $ 75337 | $ 1678059 | $ (248563) | $ 2465175 | |||||||||||||||||
92 | 102 | $ 1035679 | $ 62141 | $ (101537) | $ 996282 | $ 1678059 | $ 75513 | $ 77168 | $ 1830740 | $ (239108) | $ 2587915 | |||||||||||||||||
93 | 96 | $ 996282 | $ 59777 | $ (103779) | $ 952280 | $ 1830740 | $ 82383 | $ 78872 | $ 1991996 | $ (228547) | $ 2715729 | |||||||||||||||||
94 | 91 | $ 952280 | $ 57137 | $ (104646) | $ 904770 | $ 1991996 | $ 89640 | $ 79531 | $ 2161167 | $ (217145) | $ 2848792 | |||||||||||||||||
95 | 86 | $ 904770 | $ 54286 | $ (105206) | $ 853851 | $ 2161167 | $ 97253 | $ 79956 | $ 2338376 | $ (204924) | $ 2987303 | |||||||||||||||||
96 | 81 | $ 853851 | $ 51231 | $ (105414) | $ 799668 | $ 2338376 | $ 105227 | $ 80114 | $ 2523717 | $ (191920) | $ 3131465 | |||||||||||||||||
97 | 76 | $ 799668 | $ 47980 | $ (105219) | $ 742429 | $ 2523717 | $ 113567 | $ 79967 | $ 2717251 | $ (178183) | $ 3281497 | |||||||||||||||||
98 | 71 | $ 742429 | $ 44546 | $ (104567) | $ 682407 | $ 2717251 | $ 122276 | $ 79471 | $ 2918999 | $ (163778) | $ 3437628 | |||||||||||||||||
99 | 67 | $ 682407 | $ 40944 | $ (101852) | $ 621500 | $ 2918999 | $ 131355 | $ 77407 | $ 3127761 | $ (149160) | $ 3600101 | |||||||||||||||||
100 | 63 | $ 621500 | $ 37290 | $ (98651) | $ 560139 | $ 3127761 | $ 140749 | $ 74975 | $ 3343485 | $ (134433) | $ 3769191 | |||||||||||||||||
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
70 | 291 | $ 1000000 | $ 60000 | $ (34364) | $ 1025636 | $ - 0 | $ - 0 | $ 26117 | $ 26117 | $ (246153) | $ 805600 | $ - 0 | ||||||||||||||||
71 | 282 | $ 1025636 | $ 61538 | $ (36370) | $ 1050804 | $ 26117 | $ 1175 | $ 27641 | $ 54933 | $ (252193) | $ 853544 | $ 24 | ||||||||||||||||
72 | 273 | $ 1050804 | $ 63048 | $ (38491) | $ 1075361 | $ 54933 | $ 2472 | $ 29253 | $ 86658 | $ (258087) | $ 903933 | $ 77 | ||||||||||||||||
73 | 264 | $ 1075361 | $ 64522 | $ (40733) | $ 1099149 | $ 86658 | $ 3900 | $ 30957 | $ 121515 | $ (263796) | $ 956869 | $ 162 | ||||||||||||||||
74 | 255 | $ 1099149 | $ 65949 | $ (43104) | $ 1121994 | $ 121515 | $ 5468 | $ 32759 | $ 159743 | $ (269279) | $ 1012458 | $ 284 | ||||||||||||||||
75 | 246 | $ 1121994 | $ 67320 | $ (45610) | $ 1143705 | $ 159743 | $ 7188 | $ 34663 | $ 201594 | $ (274489) | $ 1070810 | $ 450 | ||||||||||||||||
76 | 237 | $ 1143705 | $ 68622 | $ (48258) | $ 1164069 | $ 201594 | $ 9072 | $ 36676 | $ 247342 | $ (279377) | $ 1132034 | $ 663 | ||||||||||||||||
77 | 228 | $ 1164069 | $ 69844 | $ (51056) | $ 1182858 | $ 247342 | $ 11130 | $ 38802 | $ 297274 | $ (283886) | $ 1196246 | $ 932 | ||||||||||||||||
78 | 219 | $ 1182858 | $ 70971 | $ (54012) | $ 1199817 | $ 297274 | $ 13377 | $ 41049 | $ 351701 | $ (287956) | $ 1263562 | $ 1260 | ||||||||||||||||
79 | 210 | $ 1199817 | $ 71989 | $ (57134) | $ 1214672 | $ 351701 | $ 15827 | $ 43422 | $ 410949 | $ (291521) | $ 1334100 | $ 1654 | ||||||||||||||||
80 | 202 | $ 1214672 | $ 72880 | $ (60132) | $ 1227420 | $ 410949 | $ 18493 | $ 45701 | $ 475143 | $ (294581) | $ 1407982 | $ 2119 | ||||||||||||||||
81 | 193 | $ 1227420 | $ 73645 | $ (63597) | $ 1237469 | $ 475143 | $ 21381 | $ 48334 | $ 544858 | $ (296992) | $ 1485334 | $ 2662 | ||||||||||||||||
82 | 184 | $ 1237469 | $ 74248 | $ (67254) | $ 1244463 | $ 544858 | $ 24519 | $ 51113 | $ 620489 | $ (298671) | $ 1566281 | $ 3288 | ||||||||||||||||
83 | 176 | $ 1244463 | $ 74668 | $ (70708) | $ 1248423 | $ 620489 | $ 27922 | $ 53738 | $ 702149 | $ (299621) | $ 1650951 | $ 4002 | ||||||||||||||||
84 | 168 | $ 1248423 | $ 74905 | $ (74311) | $ 1249017 | $ 702149 | $ 31597 | $ 56476 | $ 790222 | $ (299764) | $ 1739475 | $ 4811 | ||||||||||||||||
85 | 160 | $ 1249017 | $ 74941 | $ (78064) | $ 1245895 | $ 790222 | $ 35560 | $ 59328 | $ 885111 | $ (299015) | $ 1831990 | $ 5725 | ||||||||||||||||
86 | 152 | $ 1245895 | $ 74754 | $ (81967) | $ 1238682 | $ 885111 | $ 39830 | $ 62295 | $ 987235 | $ (297284) | $ 1928633 | $ 6747 | ||||||||||||||||
87 | 144 | $ 1238682 | $ 74321 | $ (86020) | $ 1226983 | $ 987235 | $ 44426 | $ 65375 | $ 1097036 | $ (294476) | $ 2029543 | $ 7879 | ||||||||||||||||
88 | 136 | $ 1226983 | $ 73619 | $ (90219) | $ 1210383 | $ 1097036 | $ 49367 | $ 68567 | $ 1214969 | $ (290492) | $ 2134860 | $ 9123 | ||||||||||||||||
89 | 129 | $ 1210383 | $ 72623 | $ (93828) | $ 1189177 | $ 1214969 | $ 54674 | $ 71309 | $ 1340952 | $ (285403) | $ 2244727 | $ 10480 | ||||||||||||||||
90 | 121 | $ 1189177 | $ 71351 | $ (98279) | $ 1162249 | $ 1340952 | $ 60343 | $ 74692 | $ 1475987 | $ (278940) | $ 2359296 | $ 11956 | ||||||||||||||||
91 | 114 | $ 1162249 | $ 69735 | $ (101952) | $ 1130032 | $ 1475987 | $ 66419 | $ 77483 | $ 1619890 | $ (271208) | $ 2478714 | $ 13539 | ||||||||||||||||
92 | 108 | $ 1130032 | $ 67802 | $ (104633) | $ 1093202 | $ 1619890 | $ 72895 | $ 79521 | $ 1772305 | $ (262368) | $ 2603139 | $ 15224 | ||||||||||||||||
93 | 101 | $ 1093202 | $ 65592 | $ (108238) | $ 1050556 | $ 1772305 | $ 79754 | $ 82261 | $ 1934320 | $ (252133) | $ 2732742 | $ 17014 | ||||||||||||||||
94 | 95 | $ 1050556 | $ 63033 | $ (110585) | $ 1003004 | $ 1934320 | $ 87044 | $ 84044 | $ 2105409 | $ (240721) | $ 2867692 | $ 18900 | ||||||||||||||||
95 | 89 | $ 1003004 | $ 60180 | $ (112697) | $ 950488 | $ 2105409 | $ 94743 | $ 85650 | $ 2285802 | $ (228117) | $ 3008172 | $ 20870 | ||||||||||||||||
96 | 83 | $ 950488 | $ 57029 | $ (114517) | $ 893000 | $ 2285802 | $ 102861 | $ 87033 | $ 2475696 | $ (214320) | $ 3154376 | $ 22911 | ||||||||||||||||
97 | 78 | $ 893000 | $ 53580 | $ (114487) | $ 832093 | $ 2475696 | $ 111406 | $ 87010 | $ 2674112 | $ (199702) | $ 3306503 | $ 25006 | ||||||||||||||||
98 | 73 | $ 832093 | $ 49926 | $ (113985) | $ 768033 | $ 2674112 | $ 120335 | $ 86629 | $ 2881076 | $ (184328) | $ 3464781 | $ 27153 | ||||||||||||||||
99 | 68 | $ 768033 | $ 46082 | $ (112946) | $ 701169 | $ 2881076 | $ 129648 | $ 85839 | $ 3096564 | $ (168281) | $ 3629452 | $ 29351 | ||||||||||||||||
100 | 64 | $ 701169 | $ 42070 | $ (109558) | $ 633682 | $ 3096564 | $ 139345 | $ 83264 | $ 3319173 | $ (152084) | $ 3800771 | $ 31580 |
Age | Current LE Factor | Proposed LE Factor | ||||
0 | 824 | 845 | ||||
1 | 816 | 837 | ||||
2 | 806 | 827 | ||||
3 | 797 | 817 | ||||
4 | 787 | 808 | ||||
5 | 777 | 798 | ||||
6 | 767 | 788 | ||||
7 | 758 | 778 | ||||
8 | 748 | 768 | ||||
9 | 738 | 758 | ||||
10 | 728 | 748 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
11 | 718 | 738 | ||||
12 | 708 | 728 | ||||
13 | 699 | 719 | ||||
14 | 689 | 709 | ||||
15 | 679 | 699 | ||||
16 | 669 | 689 | ||||
17 | 660 | 679 | ||||
18 | 650 | 669 | ||||
19 | 640 | 660 | ||||
20 | 630 | 650 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
21 | 621 | 640 | ||||
22 | 611 | 630 | ||||
23 | 601 | 620 | ||||
24 | 591 | 611 | ||||
25 | 582 | 601 | ||||
26 | 572 | 591 | ||||
27 | 562 | 582 | ||||
28 | 553 | 572 | ||||
29 | 543 | 562 | ||||
30 | 533 | 553 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
31 | 524 | 543 | ||||
32 | 514 | 534 | ||||
33 | 504 | 524 | ||||
34 | 494 | 514 | ||||
35 | 485 | 505 | ||||
36 | 475 | 495 | ||||
37 | 465 | 486 | ||||
38 | 456 | 476 | ||||
39 | 446 | 466 | ||||
40 | 436 | 457 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
41 | 427 | 447 | ||||
42 | 417 | 438 | ||||
43 | 407 | 428 | ||||
44 | 398 | 418 | ||||
45 | 388 | 409 | ||||
46 | 379 | 399 | ||||
47 | 370 | 390 | ||||
48 | 360 | 380 | ||||
49 | 351 | 371 | ||||
50 | 342 | 361 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
51 | 333 | 352 | ||||
52 | 323 | 343 | ||||
53 | 314 | 333 | ||||
54 | 305 | 324 | ||||
55 | 296 | 315 | ||||
56 | 287 | 306 | ||||
57 | 279 | 297 | ||||
58 | 270 | 288 | ||||
59 | 261 | 279 | ||||
60 | 252 | 271 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
61 | 244 | 262 | ||||
62 | 235 | 253 | ||||
63 | 227 | 245 | ||||
64 | 218 | 236 | ||||
65 | 210 | 228 | ||||
66 | 202 | 220 | ||||
67 | 194 | 212 | ||||
68 | 186 | 204 | ||||
69 | 178 | 195 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
70 | 170 | 187 | ||||
71 | 163 | 179 | ||||
72 | 155 | 171 | ||||
73 | 148 | 163 | ||||
74 | 141 | 156 | ||||
75 | 134 | 148 | ||||
76 | 127 | 140 | ||||
77 | 121 | 133 | ||||
78 | 114 | 126 | ||||
79 | 108 | 119 | ||||
80 | 102 | 112 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
81 | 97 | 105 | ||||
82 | 91 | 99 | ||||
83 | 86 | 92 | ||||
84 | 81 | 86 | ||||
85 | 76 | 81 | ||||
86 | 71 | 75 | ||||
87 | 67 | 70 | ||||
88 | 63 | 66 | ||||
89 | 59 | 61 | ||||
90 | 55 | 57 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
91 | 52 | 53 | ||||
92 | 49 | 49 | ||||
93 | 46 | 46 | ||||
94 | 43 | 42 | ||||
95 | 41 | 39 | ||||
96 | 38 | 37 | ||||
97 | 36 | 34 | ||||
98 | 34 | 32 | ||||
99 | 31 | 30 | ||||
100 | 29 | 28 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
101 | 27 | 26 | ||||
102 | 25 | 25 | ||||
103 | 23 | 23 | ||||
104 | 21 | 22 | ||||
105 | 19 | 21 | ||||
106 | 17 | 21 | ||||
107 | 15 | 21 | ||||
108 | 14 | 20 | ||||
109 | 12 | 20 | ||||
110 | 11 | 20 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
111 | 10 | 20 | ||||
112 | 20 | |||||
113 | 19 | |||||
114 | 19 | |||||
115 | 18 | |||||
116 | 18 | |||||
117 | 16 | |||||
118 | 14 | |||||
119 | 11 | |||||
120 | 10 |
Age | Current LE Factor | Proposed LE Factor | ||||
70 | 274 | 291 | ||||
71 | 265 | 282 | ||||
72 | 256 | 273 | ||||
73 | 247 | 264 | ||||
74 | 238 | 255 | ||||
75 | 229 | 246 | ||||
76 | 220 | 237 | ||||
77 | 212 | 228 | ||||
78 | 203 | 219 | ||||
79 | 195 | 210 | ||||
80 | 187 | 202 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
81 | 179 | 193 | ||||
82 | 171 | 184 | ||||
83 | 163 | 176 | ||||
84 | 155 | 168 | ||||
85 | 148 | 160 | ||||
86 | 141 | 152 | ||||
87 | 134 | 144 | ||||
88 | 127 | 136 | ||||
89 | 120 | 129 | ||||
90 | 114 | 121 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
91 | 108 | 114 | ||||
92 | 102 | 108 | ||||
93 | 96 | 101 | ||||
94 | 91 | 95 | ||||
95 | 86 | 89 | ||||
96 | 81 | 83 | ||||
97 | 76 | 78 | ||||
98 | 71 | 73 | ||||
99 | 67 | 68 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
100 | 63 | 64 | ||||
101 | 59 | 59 | ||||
102 | 55 | 56 | ||||
103 | 52 | 52 | ||||
104 | 49 | 49 | ||||
105 | 45 | 46 | ||||
106 | 42 | 43 | ||||
107 | 39 | 41 | ||||
108 | 37 | 39 | ||||
109 | 34 | 37 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
110 | 31 | 35 | ||||
111 | 29 | 34 | ||||
112 | 26 | 32 | ||||
113 | 24 | 31 | ||||
114 | 21 | 30 | ||||
115 | 19 | 29 | ||||
116 | 28 | |||||
117 | 27 | |||||
118 | 25 | |||||
119 | 23 | |||||
120 | 20 | |||||
Uniform Lifetime Table | Single Life Table | ||||||||||||
Age | Current LE Factor | Proposed LE Factor | Age | Current LE Factor | Proposed LE Factor | ||||||||
70 | 274 | 291 | 0 | 824 | 845 | ||||||||
71 | 265 | 282 | 1 | 816 | 837 | ||||||||
72 | 256 | 273 | 2 | 806 | 827 | ||||||||
73 | 247 | 264 | 3 | 797 | 817 | ||||||||
74 | 238 | 255 | 4 | 787 | 808 | ||||||||
75 | 229 | 246 | 5 | 777 | 798 | ||||||||
76 | 220 | 237 | 6 | 767 | 788 | ||||||||
77 | 212 | 228 | 7 | 758 | 778 | ||||||||
78 | 203 | 219 | 8 | 748 | 768 | ||||||||
79 | 195 | 210 | 9 | 738 | 758 | ||||||||
80 | 187 | 202 | 10 | 728 | 748 | ||||||||
81 | 179 | 193 | 11 | 718 | 738 | ||||||||
82 | 171 | 184 | 12 | 708 | 728 | ||||||||
83 | 163 | 176 | 13 | 699 | 719 | ||||||||
84 | 155 | 168 | 14 | 689 | 709 | ||||||||
85 | 148 | 160 | 15 | 679 | 699 | ||||||||
86 | 141 | 152 | 16 | 669 | 689 | ||||||||
87 | 134 | 144 | 17 | 660 | 679 | ||||||||
88 | 127 | 136 | 18 | 650 | 669 | ||||||||
89 | 120 | 129 | 19 | 640 | 660 | ||||||||
90 | 114 | 121 | 20 | 630 | 650 | ||||||||
91 | 108 | 114 | 21 | 621 | 640 | ||||||||
92 | 102 | 108 | 22 | 611 | 630 | ||||||||
93 | 96 | 101 | 23 | 601 | 620 | ||||||||
94 | 91 | 95 | 24 | 591 | 611 | ||||||||
95 | 86 | 89 | 25 | 582 | 601 | ||||||||
96 | 81 | 83 | 26 | 572 | 591 | ||||||||
97 | 76 | 78 | 27 | 562 | 582 | ||||||||
98 | 71 | 73 | 28 | 553 | 572 | ||||||||
99 | 67 | 68 | 29 | 543 | 562 | ||||||||
100 | 63 | 64 | 30 | 533 | 553 | ||||||||
101 | 59 | 59 | 31 | 524 | 543 | ||||||||
102 | 55 | 56 | 32 | 514 | 534 | ||||||||
103 | 52 | 52 | 33 | 504 | 524 | ||||||||
104 | 49 | 49 | 34 | 494 | 514 | ||||||||
105 | 45 | 46 | 35 | 485 | 505 | ||||||||
106 | 42 | 43 | 36 | 475 | 495 | ||||||||
107 | 39 | 41 | 37 | 465 | 486 | ||||||||
108 | 37 | 39 | 38 | 456 | 476 | ||||||||
109 | 34 | 37 | 39 | 446 | 466 | ||||||||
110 | 31 | 35 | 40 | 436 | 457 | ||||||||
111 | 29 | 34 | 41 | 427 | 447 | ||||||||
112 | 26 | 32 | 42 | 417 | 438 | ||||||||
113 | 24 | 31 | 43 | 407 | 428 | ||||||||
114 | 21 | 30 | 44 | 398 | 418 | ||||||||
115 | 19 | 29 | 45 | 388 | 409 | ||||||||
116 | 28 | 46 | 379 | 399 | |||||||||
117 | 27 | 47 | 370 | 390 | |||||||||
118 | 25 | 48 | 360 | 380 | |||||||||
119 | 23 | 49 | 351 | 371 | |||||||||
120 | 20 | 50 | 342 | 361 | |||||||||
51 | 333 | 352 | |||||||||||
52 | 323 | 343 | |||||||||||
53 | 314 | 333 | |||||||||||
54 | 305 | 324 | |||||||||||
55 | 296 | 315 | |||||||||||
56 | 287 | 306 | |||||||||||
57 | 279 | 297 | |||||||||||
58 | 270 | 288 | |||||||||||
59 | 261 | 279 | |||||||||||
60 | 252 | 271 | |||||||||||
61 | 244 | 262 | |||||||||||
62 | 235 | 253 | |||||||||||
63 | 227 | 245 | |||||||||||
64 | 218 | 236 | |||||||||||
65 | 210 | 228 | |||||||||||
66 | 202 | 220 | |||||||||||
67 | 194 | 212 | |||||||||||
68 | 186 | 204 | |||||||||||
69 | 178 | 195 | |||||||||||
70 | 170 | 187 | |||||||||||
71 | 163 | 179 | |||||||||||
72 | 155 | 171 | |||||||||||
73 | 148 | 163 | |||||||||||
74 | 141 | 156 | |||||||||||
75 | 134 | 148 | |||||||||||
76 | 127 | 140 | |||||||||||
77 | 121 | 133 | |||||||||||
78 | 114 | 126 | |||||||||||
79 | 108 | 119 | |||||||||||
80 | 102 | 112 | |||||||||||
81 | 97 | 105 | |||||||||||
82 | 91 | 99 | |||||||||||
83 | 86 | 92 | |||||||||||
84 | 81 | 86 | |||||||||||
85 | 76 | 81 | |||||||||||
86 | 71 | 75 | |||||||||||
87 | 67 | 70 | |||||||||||
88 | 63 | 66 | |||||||||||
89 | 59 | 61 | |||||||||||
90 | 55 | 57 | |||||||||||
91 | 52 | 53 | |||||||||||
92 | 49 | 49 | |||||||||||
93 | 46 | 46 | |||||||||||
94 | 43 | 42 | |||||||||||
95 | 41 | 39 | |||||||||||
96 | 38 | 37 | |||||||||||
97 | 36 | 34 | |||||||||||
98 | 34 | 32 | |||||||||||
99 | 31 | 30 | |||||||||||
100 | 29 | 28 | |||||||||||
101 | 27 | 26 | |||||||||||
102 | 25 | 25 | |||||||||||
103 | 23 | 23 | |||||||||||
104 | 21 | 22 | |||||||||||
105 | 19 | 21 | |||||||||||
106 | 17 | 21 | |||||||||||
107 | 15 | 21 | |||||||||||
108 | 14 | 20 | |||||||||||
109 | 12 | 20 | |||||||||||
110 | 11 | 20 | |||||||||||
111 | 10 | 20 | |||||||||||
112 | 20 | ||||||||||||
113 | 19 | ||||||||||||
114 | 19 | ||||||||||||
115 | 18 | ||||||||||||
116 | 18 | ||||||||||||
117 | 16 | ||||||||||||
118 | 14 | ||||||||||||
119 | 11 | ||||||||||||
120 | 10 |
Years after | RMD | 10-Year Rule Options | |||||||
Death | Age | Current Method | Equal Schedule | Full Deferral | |||||
0 | 30 | $18762 | $142378 | $0 | |||||
1 | 31 | $20100 | $142378 | $0 | |||||
2 | 32 | $21535 | $142378 | $0 | |||||
3 | 33 | $23072 | $142378 | $0 | |||||
4 | 34 | $24720 | $142378 | $0 | |||||
5 | 35 | $26486 | $142378 | $0 | |||||
6 | 36 | $28379 | $142378 | $0 | |||||
7 | 37 | $30409 | $142378 | $0 | |||||
8 | 38 | $32584 | $142378 | $0 | |||||
9 | 39 | $34917 | $142378 | $0 | |||||
10 | 40 | $37417 | $142378 | $1967151 |
Current Method | |||||||||||||||||
BB | G | RMD | EB | Single Life Table | |||||||||||||
7 | 533 | ||||||||||||||||
0 | 30 | $ 1000000 | $ 70000 | $ (18762) | $ 1051238 | Age | LE Factor | ||||||||||
1 | 31 | $ 1051238 | $ 73587 | $ (20100) | $ 1104725 | 0 | 824 | ||||||||||
2 | 32 | $ 1104725 | $ 77331 | $ (21535) | $ 1160521 | 1 | 816 | ||||||||||
3 | 33 | $ 1160521 | $ 81236 | $ (23072) | $ 1218685 | 2 | 806 | ||||||||||
4 | 34 | $ 1218685 | $ 85308 | $ (24720) | $ 1279274 | 3 | 797 | ||||||||||
5 | 35 | $ 1279274 | $ 89549 | $ (26486) | $ 1342337 | 4 | 787 | ||||||||||
6 | 36 | $ 1342337 | $ 93964 | $ (28379) | $ 1407921 | 5 | 777 | ||||||||||
7 | 37 | $ 1407921 | $ 98554 | $ (30409) | $ 1476067 | 6 | 767 | ||||||||||
8 | 38 | $ 1476067 | $ 103325 | $ (32584) | $ 1546807 | 7 | 758 | ||||||||||
9 | 39 | $ 1546807 | $ 108277 | $ (34917) | $ 1620167 | 8 | 748 | ||||||||||
10 | 40 | $ 1620167 | $ 113412 | $ (37417) | $ 1696162 | 9 | 738 | ||||||||||
11 | 41 | $ 1696162 | $ 118731 | $ (40098) | $ 1774795 | 10 | 728 | ||||||||||
12 | 42 | $ 1774795 | $ 124236 | $ (42973) | $ 1856057 | 11 | 718 | ||||||||||
13 | 43 | $ 1856057 | $ 129924 | $ (46056) | $ 1939925 | 12 | 708 | ||||||||||
14 | 44 | $ 1939925 | $ 135795 | $ (49362) | $ 2026358 | 13 | 699 | ||||||||||
15 | 45 | $ 2026358 | $ 141845 | $ (52908) | $ 2115295 | 14 | 689 | ||||||||||
16 | 46 | $ 2115295 | $ 148071 | $ (56710) | $ 2206656 | 15 | 679 | ||||||||||
17 | 47 | $ 2206656 | $ 154466 | $ (60789) | $ 2300332 | 16 | 669 | ||||||||||
18 | 48 | $ 2300332 | $ 161023 | $ (65165) | $ 2396190 | 17 | 660 | ||||||||||
19 | 49 | $ 2396190 | $ 167733 | $ (69860) | $ 2494064 | 18 | 650 | ||||||||||
20 | 50 | $ 2494064 | $ 174584 | $ (74897) | $ 2593751 | 19 | 640 | ||||||||||
21 | 51 | $ 2593751 | $ 181563 | $ (80302) | $ 2695012 | 20 | 630 | ||||||||||
22 | 52 | $ 2695012 | $ 188651 | $ (86103) | $ 2797560 | 21 | 621 | ||||||||||
23 | 53 | $ 2797560 | $ 195829 | $ (92329) | $ 2901061 | 22 | 611 | ||||||||||
24 | 54 | $ 2901061 | $ 203074 | $ (99012) | $ 3005123 | 23 | 601 | ||||||||||
25 | 55 | $ 3005123 | $ 210359 | $ (106188) | $ 3109293 | 24 | 591 | ||||||||||
26 | 56 | $ 3109293 | $ 217651 | $ (113894) | $ 3213050 | 25 | 582 | ||||||||||
27 | 57 | $ 3213050 | $ 224914 | $ (122169) | $ 3315795 | 26 | 572 | ||||||||||
28 | 58 | $ 3315795 | $ 232106 | $ (131059) | $ 3416841 | 27 | 562 | ||||||||||
29 | 59 | $ 3416841 | $ 239179 | $ (140611) | $ 3515409 | 28 | 553 | ||||||||||
30 | 60 | $ 3515409 | $ 246079 | $ (150876) | $ 3610612 | 29 | 543 | ||||||||||
31 | 61 | $ 3610612 | $ 252743 | $ (161911) | $ 3701444 | 30 | 533 | ||||||||||
32 | 62 | $ 3701444 | $ 259101 | $ (173777) | $ 3786768 | 31 | 524 | ||||||||||
33 | 63 | $ 3786768 | $ 265074 | $ (186540) | $ 3865302 | 32 | 514 | ||||||||||
34 | 64 | $ 3865302 | $ 270571 | $ (200275) | $ 3935598 | 33 | 504 | ||||||||||
35 | 65 | $ 3935598 | $ 275492 | $ (215060) | $ 3996030 | 34 | 494 | ||||||||||
36 | 66 | $ 3996030 | $ 279722 | $ (230984) | $ 4044768 | 35 | 485 | ||||||||||
37 | 67 | $ 4044768 | $ 283134 | $ (248145) | $ 4079756 | 36 | 475 | ||||||||||
38 | 68 | $ 4079756 | $ 285583 | $ (266651) | $ 4098688 | 37 | 465 | ||||||||||
39 | 69 | $ 4098688 | $ 286908 | $ (286622) | $ 4098975 | 38 | 456 | ||||||||||
40 | 70 | $ 4098975 | $ 286928 | $ (308194) | $ 4077710 | 39 | 446 | ||||||||||
41 | 71 | $ 4077710 | $ 285440 | $ (331521) | $ 4031628 | 40 | 436 | ||||||||||
42 | 72 | $ 4031628 | $ 282214 | $ (356781) | $ 3957061 | 41 | 427 | ||||||||||
43 | 73 | $ 3957061 | $ 276994 | $ (384181) | $ 3849875 | 42 | 417 | ||||||||||
44 | 74 | $ 3849875 | $ 269491 | $ (413965) | $ 3705401 | 43 | 407 | ||||||||||
45 | 75 | $ 3705401 | $ 259378 | $ (446434) | $ 3518345 | 44 | 398 | ||||||||||
46 | 76 | $ 3518345 | $ 246284 | $ (481965) | $ 3282664 | 45 | 388 | ||||||||||
47 | 77 | $ 3282664 | $ 229786 | $ (521058) | $ 2991393 | 46 | 379 | ||||||||||
48 | 78 | $ 2991393 | $ 209397 | $ (564414) | $ 2636377 | 47 | 370 | ||||||||||
49 | 79 | $ 2636377 | $ 184546 | $ (613111) | $ 2207812 | 48 | 360 | ||||||||||
50 | 80 | $ 2207812 | $ 154547 | $ (669034) | $ 1693325 | 49 | 351 | ||||||||||
51 | 81 | $ 1693325 | $ 118533 | $ (736228) | $ 1075629 | 50 | 342 | ||||||||||
52 | 82 | $ 1075629 | $ 75294 | $ (827407) | $ 323516 | 51 | 333 | ||||||||||
52 | 323 | ||||||||||||||||
53 | 314 | ||||||||||||||||
54 | 305 | ||||||||||||||||
55 | 296 | ||||||||||||||||
56 | 287 | ||||||||||||||||
57 | 279 | ||||||||||||||||
58 | 270 | ||||||||||||||||
59 | 261 | ||||||||||||||||
60 | 252 | ||||||||||||||||
61 | 244 | ||||||||||||||||
62 | 235 | ||||||||||||||||
63 | 227 | ||||||||||||||||
64 | 218 | ||||||||||||||||
65 | 210 | ||||||||||||||||
66 | 202 | ||||||||||||||||
67 | 194 | ||||||||||||||||
68 | 186 | ||||||||||||||||
69 | 178 | ||||||||||||||||
70 | 170 | ||||||||||||||||
71 | 163 | ||||||||||||||||
72 | 155 | ||||||||||||||||
73 | 148 | ||||||||||||||||
74 | 141 | ||||||||||||||||
75 | 134 | ||||||||||||||||
76 | 127 | ||||||||||||||||
77 | 121 | ||||||||||||||||
78 | 114 | ||||||||||||||||
79 | 108 | ||||||||||||||||
80 | 102 | ||||||||||||||||
81 | 97 | ||||||||||||||||
82 | 91 | ||||||||||||||||
83 | 86 | ||||||||||||||||
84 | 81 | ||||||||||||||||
85 | 76 | ||||||||||||||||
86 | 71 | ||||||||||||||||
87 | 67 | ||||||||||||||||
88 | 63 | ||||||||||||||||
89 | 59 | ||||||||||||||||
90 | 55 | ||||||||||||||||
91 | 52 | ||||||||||||||||
92 | 49 | ||||||||||||||||
93 | 46 | ||||||||||||||||
94 | 43 | ||||||||||||||||
95 | 41 | ||||||||||||||||
96 | 38 | ||||||||||||||||
97 | 36 | ||||||||||||||||
98 | 34 | ||||||||||||||||
99 | 31 | ||||||||||||||||
100 | 29 | ||||||||||||||||
101 | 27 | ||||||||||||||||
102 | 25 | ||||||||||||||||
103 | 23 | ||||||||||||||||
104 | 21 | ||||||||||||||||
105 | 19 | ||||||||||||||||
106 | 17 | ||||||||||||||||
107 | 15 | ||||||||||||||||
108 | 14 | ||||||||||||||||
109 | 12 | ||||||||||||||||
110 | 11 | ||||||||||||||||
111 | 10 |
Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | ||||||||||||||
0 | 824 | 16 | 669 | 32 | 514 | 48 | 360 | 64 | 218 | 80 | 102 | 96 | 38 | ||||||||||||||
1 | 816 | 17 | 660 | 33 | 504 | 49 | 351 | 65 | 210 | 81 | 97 | 97 | 36 | ||||||||||||||
2 | 806 | 18 | 650 | 34 | 494 | 50 | 342 | 66 | 202 | 82 | 91 | 98 | 34 | ||||||||||||||
3 | 797 | 19 | 640 | 35 | 485 | 51 | 333 | 67 | 194 | 83 | 86 | 99 | 31 | ||||||||||||||
4 | 787 | 20 | 630 | 36 | 475 | 52 | 323 | 68 | 186 | 84 | 81 | 100 | 29 | ||||||||||||||
5 | 777 | 21 | 621 | 37 | 465 | 53 | 314 | 69 | 178 | 85 | 76 | 101 | 27 | ||||||||||||||
6 | 767 | 22 | 611 | 38 | 456 | 54 | 305 | 70 | 170 | 86 | 71 | 102 | 25 | ||||||||||||||
7 | 758 | 23 | 601 | 39 | 446 | 55 | 296 | 71 | 163 | 87 | 67 | 103 | 23 | ||||||||||||||
8 | 748 | 24 | 591 | 40 | 436 | 56 | 287 | 72 | 155 | 88 | 63 | 104 | 21 | ||||||||||||||
9 | 738 | 25 | 582 | 41 | 427 | 57 | 279 | 73 | 148 | 89 | 59 | 105 | 19 | ||||||||||||||
10 | 728 | 26 | 572 | 42 | 417 | 58 | 270 | 74 | 141 | 90 | 55 | 106 | 17 | ||||||||||||||
11 | 718 | 27 | 562 | 43 | 407 | 59 | 261 | 75 | 134 | 91 | 52 | 107 | 15 | ||||||||||||||
12 | 708 | 28 | 553 | 44 | 398 | 60 | 252 | 76 | 127 | 92 | 49 | 108 | 14 | ||||||||||||||
13 | 699 | 29 | 543 | 45 | 388 | 61 | 244 | 77 | 121 | 93 | 46 | 109 | 12 | ||||||||||||||
14 | 689 | 30 | 533 | 46 | 379 | 62 | 235 | 78 | 114 | 94 | 43 | 110 | 11 | ||||||||||||||
15 | 679 | 31 | 524 | 47 | 370 | 63 | 227 | 79 | 108 | 95 | 41 | 111 | 10 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Youngest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | GCs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 15 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
16 | 669 | 2008 | $ 1080000 | $ (16143) | $ 85109 | $ 1148965 | $ - 0 | $ 9686 | $ 775 | $ (77) | $ 10383 | $ 1159349 | |||||||||||||||
17 | 659 | 2009 | $ 1148965 | $ (17435) | $ 90522 | $ 1222052 | $ 10383 | $ 10461 | $ 1668 | $ (167) | $ 22345 | $ 1244398 | |||||||||||||||
18 | 649 | 2010 | $ 1222052 | $ (18830) | $ 96258 | $ 1299480 | $ 22345 | $ 11298 | $ 2691 | $ (269) | $ 36065 | $ 1335546 | |||||||||||||||
19 | 639 | 2011 | $ 1299480 | $ (20336) | $ 102332 | $ 1381476 | $ 36065 | $ 12202 | $ 3861 | $ (386) | $ 51742 | $ 1433218 | |||||||||||||||
20 | 629 | 2012 | $ 1381476 | $ (21963) | $ 108761 | $ 1468274 | $ 51742 | $ 13178 | $ 5194 | $ (519) | $ 69594 | $ 1537868 | |||||||||||||||
21 | 619 | 2013 | $ 1468274 | $ (23720) | $ 115564 | $ 1560118 | $ 69594 | $ 14232 | $ 6706 | $ (671) | $ 89862 | $ 1649980 | |||||||||||||||
22 | 609 | 2014 | $ 1560118 | $ (25618) | $ 122760 | $ 1657260 | $ 89862 | $ 15371 | $ 8419 | $ (842) | $ 112809 | $ 1770070 | |||||||||||||||
23 | 599 | 2015 | $ 1657260 | $ (27667) | $ 130367 | $ 1759961 | $ 112809 | $ 16600 | $ 10353 | $ (1035) | $ 138727 | $ 1898688 | |||||||||||||||
24 | 589 | 2016 | $ 1759961 | $ (29880) | $ 138406 | $ 1868487 | $ 138727 | $ 17928 | $ 12532 | $ (1253) | $ 167935 | $ 2036421 | |||||||||||||||
25 | 579 | 2017 | $ 1868487 | $ (32271) | $ 146897 | $ 1983113 | $ 167935 | $ 19363 | $ 14984 | $ (1498) | $ 200783 | $ 2183896 | |||||||||||||||
26 | 569 | 2018 | $ 1983113 | $ (34853) | $ 155861 | $ 2104121 | $ 200783 | $ 20912 | $ 17736 | $ (1774) | $ 237656 | $ 2341777 | |||||||||||||||
27 | 559 | 2019 | $ 2104121 | $ (37641) | $ 165318 | $ 2231799 | $ 237656 | $ 22584 | $ 20819 | $ (2082) | $ 278978 | $ 2510777 | |||||||||||||||
28 | 549 | 2020 | $ 2231799 | $ (40652) | $ 175292 | $ 2366439 | $ 278978 | $ 24391 | $ 24270 | $ (2427) | $ 325212 | $ 2691650 | |||||||||||||||
29 | 539 | 2021 | $ 2366439 | $ (43904) | $ 185803 | $ 2508337 | $ 325212 | $ 26343 | $ 28124 | $ (2812) | $ 376866 | $ 2885203 | |||||||||||||||
30 | 529 | 2022 | $ 2508337 | $ (47417) | $ 196874 | $ 2657794 | $ 376866 | $ 28450 | $ 32425 | $ (3243) | $ 434499 | $ 3092293 | |||||||||||||||
31 | 519 | 2023 | $ 2657794 | $ (51210) | $ 208527 | $ 2815111 | $ 434499 | $ 30726 | $ 37218 | $ (3722) | $ 498721 | $ 3313832 | |||||||||||||||
32 | 509 | 2024 | $ 2815111 | $ (55307) | $ 220784 | $ 2980589 | $ 498721 | $ 33184 | $ 42552 | $ (4255) | $ 570202 | $ 3550791 | |||||||||||||||
33 | 499 | 2025 | $ 2980589 | $ (59731) | $ 233669 | $ 3154526 | $ 570202 | $ 35839 | $ 48483 | $ (4848) | $ 649676 | $ 3804202 | |||||||||||||||
34 | 489 | 2026 | $ 3154526 | $ (64510) | $ 247201 | $ 3337217 | $ 649676 | $ 38706 | $ 55071 | $ (5507) | $ 737945 | $ 4075163 | |||||||||||||||
35 | 479 | 2027 | $ 3337217 | $ (69671) | $ 261404 | $ 3528951 | $ 737945 | $ 41802 | $ 62380 | $ (6238) | $ 835889 | $ 4364840 | |||||||||||||||
36 | 469 | 2028 | $ 3528951 | $ (75244) | $ 276297 | $ 3730003 | $ 835889 | $ 45146 | $ 70483 | $ (7048) | $ 944471 | $ 4674474 | |||||||||||||||
37 | 459 | 2029 | $ 3730003 | $ (81264) | $ 291899 | $ 3940639 | $ 944471 | $ 48758 | $ 79458 | $ (7946) | $ 1064741 | $ 5005380 | |||||||||||||||
38 | 449 | 2030 | $ 3940639 | $ (87765) | $ 308230 | $ 4161104 | $ 1064741 | $ 52659 | $ 89392 | $ (8939) | $ 1197853 | $ 5358957 | |||||||||||||||
39 | 439 | 2031 | $ 4161104 | $ (94786) | $ 325305 | $ 4391623 | $ 1197853 | $ 56872 | $ 100378 | $ (10038) | $ 1345065 | $ 5736688 | |||||||||||||||
40 | 429 | 2032 | $ 4391623 | $ (102369) | $ 343140 | $ 4632395 | $ 1345065 | $ 61421 | $ 112519 | $ (11252) | $ 1507753 | $ 6140148 | |||||||||||||||
41 | 419 | 2033 | $ 4632395 | $ (110558) | $ 361747 | $ 4883583 | $ 1507753 | $ 66335 | $ 125927 | $ (12593) | $ 1687422 | $ 6571005 | |||||||||||||||
42 | 409 | 2034 | $ 4883583 | $ (119403) | $ 381134 | $ 5145315 | $ 1687422 | $ 71642 | $ 140725 | $ (14073) | $ 1885717 | $ 7031031 | |||||||||||||||
43 | 399 | 2035 | $ 5145315 | $ (128955) | $ 401309 | $ 5417668 | $ 1885717 | $ 77373 | $ 157047 | $ (15705) | $ 2104432 | $ 7522100 | |||||||||||||||
44 | 389 | 2036 | $ 5417668 | $ (139272) | $ 422272 | $ 5700668 | $ 2104432 | $ 83563 | $ 175040 | $ (17504) | $ 2345531 | $ 8046199 | |||||||||||||||
45 | 379 | 2037 | $ 5700668 | $ (150413) | $ 444020 | $ 5994275 | $ 2345531 | $ 90248 | $ 194862 | $ (19486) | $ 2611155 | $ 8605430 | |||||||||||||||
46 | 369 | 2038 | $ 5994275 | $ (162446) | $ 466546 | $ 6298375 | $ 2611155 | $ 97468 | $ 216690 | $ (21669) | $ 2903644 | $ 9202019 | |||||||||||||||
47 | 359 | 2039 | $ 6298375 | $ (175442) | $ 489835 | $ 6612767 | $ 2903644 | $ 105265 | $ 240713 | $ (24071) | $ 3225551 | $ 9838318 | |||||||||||||||
48 | 349 | 2040 | $ 6612767 | $ (189478) | $ 513863 | $ 6937153 | $ 3225551 | $ 113687 | $ 267139 | $ (26714) | $ 3579662 | $ 10516815 | |||||||||||||||
49 | 339 | 2041 | $ 6937153 | $ (204636) | $ 538601 | $ 7271118 | $ 3579662 | $ 122781 | $ 296195 | $ (29620) | $ 3969020 | $ 11240138 | |||||||||||||||
50 | 329 | 2042 | $ 7271118 | $ (221007) | $ 564009 | $ 7614121 | $ 3969020 | $ 132604 | $ 328130 | $ (32813) | $ 4396941 | $ 12011061 | |||||||||||||||
51 | 319 | 2043 | $ 7614121 | $ (238687) | $ 590035 | $ 7965468 | $ 4396941 | $ 143212 | $ 363212 | $ (36321) | $ 4867044 | $ 12832512 | |||||||||||||||
52 | 309 | 2044 | $ 7965468 | $ (257782) | $ 616615 | $ 8324301 | $ 4867044 | $ 154669 | $ 401737 | $ (40174) | $ 5383277 | $ 13707578 | |||||||||||||||
53 | 299 | 2045 | $ 8324301 | $ (278405) | $ 643672 | $ 8689568 | $ 5383277 | $ 167043 | $ 444026 | $ (44403) | $ 5949942 | $ 14639510 | |||||||||||||||
54 | 289 | 2046 | $ 8689568 | $ (300677) | $ 671111 | $ 9060002 | $ 5949942 | $ 180406 | $ 490428 | $ (49043) | $ 6571734 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Oldest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
31 | 524 | 2008 | $ 1080000 | $ (20611) | $ 84751 | $ 1144140 | $ - 0 | $ 12366 | $ 989 | $ (99) | $ 13257 | $ 1157397 | |||||||||||||||
32 | 514 | 2009 | $ 1144140 | $ (22260) | $ 89750 | $ 1211631 | $ 13257 | $ 13356 | $ 2129 | $ (213) | $ 28529 | $ 1240160 | |||||||||||||||
33 | 504 | 2010 | $ 1211631 | $ (24040) | $ 95007 | $ 1282598 | $ 28529 | $ 14424 | $ 3436 | $ (344) | $ 46045 | $ 1328644 | |||||||||||||||
34 | 494 | 2011 | $ 1282598 | $ (25964) | $ 100531 | $ 1357166 | $ 46045 | $ 15578 | $ 4930 | $ (493) | $ 66060 | $ 1423226 | |||||||||||||||
35 | 484 | 2012 | $ 1357166 | $ (28041) | $ 106330 | $ 1435455 | $ 66060 | $ 16824 | $ 6631 | $ (663) | $ 88852 | $ 1524308 | |||||||||||||||
36 | 474 | 2013 | $ 1435455 | $ (30284) | $ 112414 | $ 1517585 | $ 88852 | $ 18170 | $ 8562 | $ (856) | $ 114728 | $ 1632313 | |||||||||||||||
37 | 464 | 2014 | $ 1517585 | $ (32707) | $ 118790 | $ 1603669 | $ 114728 | $ 19624 | $ 10748 | $ (1075) | $ 144026 | $ 1747694 | |||||||||||||||
38 | 454 | 2015 | $ 1603669 | $ (35323) | $ 125468 | $ 1693813 | $ 144026 | $ 21194 | $ 13218 | $ (1322) | $ 177115 | $ 1870929 | |||||||||||||||
39 | 444 | 2016 | $ 1693813 | $ (38149) | $ 132453 | $ 1788117 | $ 177115 | $ 22889 | $ 16000 | $ (1600) | $ 214405 | $ 2002522 | |||||||||||||||
40 | 434 | 2017 | $ 1788117 | $ (41201) | $ 139753 | $ 1886670 | $ 214405 | $ 24721 | $ 19130 | $ (1913) | $ 256343 | $ 2143012 | |||||||||||||||
41 | 424 | 2018 | $ 1886670 | $ (44497) | $ 147374 | $ 1989547 | $ 256343 | $ 26698 | $ 22643 | $ (2264) | $ 303420 | $ 2292966 | |||||||||||||||
42 | 414 | 2019 | $ 1989547 | $ (48057) | $ 155319 | $ 2096809 | $ 303420 | $ 28834 | $ 26580 | $ (2658) | $ 356176 | $ 2452985 | |||||||||||||||
43 | 404 | 2020 | $ 2096809 | $ (51901) | $ 163593 | $ 2208501 | $ 356176 | $ 31141 | $ 30985 | $ (3099) | $ 415204 | $ 2623704 | |||||||||||||||
44 | 394 | 2021 | $ 2208501 | $ (56053) | $ 172196 | $ 2324643 | $ 415204 | $ 33632 | $ 35907 | $ (3591) | $ 481152 | $ 2805795 | |||||||||||||||
45 | 384 | 2022 | $ 2324643 | $ (60538) | $ 181128 | $ 2445234 | $ 481152 | $ 36323 | $ 41398 | $ (4140) | $ 554732 | $ 2999966 | |||||||||||||||
46 | 374 | 2023 | $ 2445234 | $ (65381) | $ 190388 | $ 2570242 | $ 554732 | $ 39228 | $ 47517 | $ (4752) | $ 636726 | $ 3206968 | |||||||||||||||
47 | 364 | 2024 | $ 2570242 | $ (70611) | $ 199970 | $ 2699601 | $ 636726 | $ 42367 | $ 54327 | $ (5433) | $ 727987 | $ 3427588 | |||||||||||||||
48 | 354 | 2025 | $ 2699601 | $ (76260) | $ 209867 | $ 2833208 | $ 727987 | $ 45756 | $ 61899 | $ (6190) | $ 829453 | $ 3662661 | |||||||||||||||
49 | 344 | 2026 | $ 2833208 | $ (82361) | $ 220068 | $ 2970915 | $ 829453 | $ 49416 | $ 70310 | $ (7031) | $ 942148 | $ 3913063 | |||||||||||||||
50 | 334 | 2027 | $ 2970915 | $ (88950) | $ 230557 | $ 3112523 | $ 942148 | $ 53370 | $ 79641 | $ (7964) | $ 1067195 | $ 4179718 | |||||||||||||||
51 | 324 | 2028 | $ 3112523 | $ (96066) | $ 241317 | $ 3257774 | $ 1067195 | $ 57639 | $ 89987 | $ (8999) | $ 1205822 | $ 4463596 | |||||||||||||||
52 | 314 | 2029 | $ 3257774 | $ (103751) | $ 252322 | $ 3406345 | $ 1205822 | $ 62250 | $ 101446 | $ (10145) | $ 1359374 | $ 4765719 | |||||||||||||||
53 | 304 | 2030 | $ 3406345 | $ (112051) | $ 263544 | $ 3557838 | $ 1359374 | $ 67230 | $ 114128 | $ (11413) | $ 1529320 | $ 5087158 | |||||||||||||||
54 | 294 | 2031 | $ 3557838 | $ (121015) | $ 274946 | $ 3711769 | $ 1529320 | $ 72609 | $ 128154 | $ (12815) | $ 1717268 | $ 5429037 | |||||||||||||||
55 | 284 | 2032 | $ 3711769 | $ (130696) | $ 286486 | $ 3867559 | $ 1717268 | $ 78418 | $ 143655 | $ (14365) | $ 1924975 | $ 5792533 | |||||||||||||||
56 | 274 | 2033 | $ 3867559 | $ (141152) | $ 298113 | $ 4024520 | $ 1924975 | $ 84691 | $ 160773 | $ (16077) | $ 2154362 | $ 6178881 | |||||||||||||||
57 | 264 | 2034 | $ 4024520 | $ (152444) | $ 309766 | $ 4181842 | $ 2154362 | $ 91466 | $ 179666 | $ (17967) | $ 2407528 | $ 6589369 | |||||||||||||||
58 | 254 | 2035 | $ 4181842 | $ (164639) | $ 321376 | $ 4338578 | $ 2407528 | $ 98784 | $ 200505 | $ (20050) | $ 2686766 | $ 7025344 | |||||||||||||||
59 | 244 | 2036 | $ 4338578 | $ (177811) | $ 332861 | $ 4493629 | $ 2686766 | $ 106686 | $ 223476 | $ (22348) | $ 2994581 | $ 7488210 | |||||||||||||||
60 | 234 | 2037 | $ 4493629 | $ (192035) | $ 344128 | $ 4645721 | $ 2994581 | $ 115221 | $ 248784 | $ (24878) | $ 3333708 | $ 7979429 | |||||||||||||||
61 | 224 | 2038 | $ 4645721 | $ (207398) | $ 355066 | $ 4793389 | $ 3333708 | $ 124439 | $ 276652 | $ (27665) | $ 3707133 | $ 8500522 | |||||||||||||||
62 | 214 | 2039 | $ 4793389 | $ (223990) | $ 365552 | $ 4934951 | $ 3707133 | $ 134394 | $ 307322 | $ (30732) | $ 4118117 | $ 9053068 | |||||||||||||||
63 | 204 | 2040 | $ 4934951 | $ (241909) | $ 375443 | $ 5068485 | $ 4118117 | $ 145146 | $ 341061 | $ (34106) | $ 4570218 | $ 9638702 | |||||||||||||||
64 | 194 | 2041 | $ 5068485 | $ (261262) | $ 384578 | $ 5191800 | $ 4570218 | $ 156757 | $ 378158 | $ (37816) | $ 5067317 | $ 10259117 | |||||||||||||||
65 | 184 | 2042 | $ 5191800 | $ (282163) | $ 392771 | $ 5302408 | $ 5067317 | $ 169298 | $ 418929 | $ (41893) | $ 5613651 | $ 10916059 | |||||||||||||||
66 | 174 | 2043 | $ 5302408 | $ (304736) | $ 399814 | $ 5397486 | $ 5613651 | $ 182842 | $ 463719 | $ (46372) | $ 6213840 | $ 11611326 | |||||||||||||||
67 | 164 | 2044 | $ 5397486 | $ (329115) | $ 405470 | $ 5473841 | $ 6213840 | $ 197469 | $ 512905 | $ (51290) | $ 6872924 | $ 12346764 | |||||||||||||||
68 | 154 | 2045 | $ 5473841 | $ (355444) | $ 409472 | $ 5527868 | $ 6872924 | $ 213267 | $ 566895 | $ (56690) | $ 7596396 | $ 13124264 | |||||||||||||||
69 | 144 | 2046 | $ 5527868 | $ (383880) | $ 411519 | $ 5555507 | $ 7596396 | $ 230328 | $ 626138 | $ (62614) | $ 8390248 | $ 13945755 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | NA | 2012 | $ 1469328 | $ - 0 | $ 117546 | $ 1586874 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1586874 | ||||||||||||||||
66 | 36 | NA | 2013 | $ 1586874 | $ - 0 | $ 126950 | $ 1713824 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1713824 | ||||||||||||||||
37 | 465 | 2014 | $ 1713824 | $ (36856) | $ 134157 | $ 1811125 | $ - 0 | $ 22114 | $ 1769 | $ (177) | $ 23706 | $ 1834831 | |||||||||||||||||
38 | 455 | 2015 | $ 1811125 | $ (39805) | $ 141706 | $ 1913026 | $ 23706 | $ 23883 | $ 3807 | $ (381) | $ 51015 | $ 1964041 | |||||||||||||||||
39 | 445 | 2016 | $ 1913026 | $ (42989) | $ 149603 | $ 2019640 | $ 51015 | $ 25794 | $ 6145 | $ (614) | $ 82339 | $ 2101979 | |||||||||||||||||
40 | 435 | 2017 | $ 2019640 | $ (46428) | $ 157857 | $ 2131068 | $ 82339 | $ 27857 | $ 8816 | $ (882) | $ 118131 | $ 2249198 | |||||||||||||||||
41 | 425 | 2018 | $ 2131068 | $ (50143) | $ 166474 | $ 2247399 | $ 118131 | $ 30086 | $ 11857 | $ (1186) | $ 158888 | $ 2406287 | |||||||||||||||||
42 | 415 | 2019 | $ 2247399 | $ (54154) | $ 175460 | $ 2368705 | $ 158888 | $ 32493 | $ 15310 | $ (1531) | $ 205160 | $ 2573864 | |||||||||||||||||
43 | 405 | 2020 | $ 2368705 | $ (58487) | $ 184817 | $ 2495035 | $ 205160 | $ 35092 | $ 19220 | $ (1922) | $ 257550 | $ 2752585 | |||||||||||||||||
44 | 395 | 2021 | $ 2495035 | $ (63165) | $ 194550 | $ 2626420 | $ 257550 | $ 37899 | $ 23636 | $ (2364) | $ 316721 | $ 2943141 | |||||||||||||||||
45 | 385 | 2022 | $ 2626420 | $ (68219) | $ 204656 | $ 2762857 | $ 316721 | $ 40931 | $ 28612 | $ (2861) | $ 383403 | $ 3146260 | |||||||||||||||||
46 | 375 | 2023 | $ 2762857 | $ (73676) | $ 215134 | $ 2904315 | $ 383403 | $ 44206 | $ 34209 | $ (3421) | $ 458397 | $ 3362712 | |||||||||||||||||
47 | 365 | 2024 | $ 2904315 | $ (79570) | $ 225980 | $ 3050725 | $ 458397 | $ 47742 | $ 40491 | $ (4049) | $ 542581 | $ 3593306 | |||||||||||||||||
48 | 355 | 2025 | $ 3050725 | $ (85936) | $ 237183 | $ 3201972 | $ 542581 | $ 51562 | $ 47531 | $ (4753) | $ 636921 | $ 3838893 | |||||||||||||||||
49 | 345 | 2026 | $ 3201972 | $ (92811) | $ 248733 | $ 3357894 | $ 636921 | $ 55686 | $ 55409 | $ (5541) | $ 742475 | $ 4100369 | |||||||||||||||||
50 | 335 | 2027 | $ 3357894 | $ (100236) | $ 260613 | $ 3518271 | $ 742475 | $ 60141 | $ 64209 | $ (6421) | $ 860405 | $ 4378676 | |||||||||||||||||
51 | 325 | 2028 | $ 3518271 | $ (108254) | $ 272801 | $ 3682818 | $ 860405 | $ 64953 | $ 74029 | $ (7403) | $ 991984 | $ 4674801 | |||||||||||||||||
52 | 315 | 2029 | $ 3682818 | $ (116915) | $ 285272 | $ 3851175 | $ 991984 | $ 70149 | $ 84971 | $ (8497) | $ 1138606 | $ 4989781 | |||||||||||||||||
53 | 305 | 2030 | $ 3851175 | $ (126268) | $ 297993 | $ 4022900 | $ 1138606 | $ 75761 | $ 97149 | $ (9715) | $ 1301801 | $ 5324701 | |||||||||||||||||
54 | 295 | 2031 | $ 4022900 | $ (136369) | $ 310922 | $ 4197453 | $ 1301801 | $ 81822 | $ 110690 | $ (11069) | $ 1483244 | $ 5680696 | |||||||||||||||||
55 | 285 | 2032 | $ 4197453 | $ (147279) | $ 324014 | $ 4374187 | $ 1483244 | $ 88367 | $ 125729 | $ (12573) | $ 1684767 | $ 6058955 | |||||||||||||||||
56 | 275 | 2033 | $ 4374187 | $ (159061) | $ 337210 | $ 4552336 | $ 1684767 | $ 95437 | $ 142416 | $ (14242) | $ 1908379 | $ 6460715 | |||||||||||||||||
57 | 265 | 2034 | $ 4552336 | $ (171786) | $ 350444 | $ 4730994 | $ 1908379 | $ 103072 | $ 160916 | $ (16092) | $ 2156275 | $ 6887269 | |||||||||||||||||
58 | 255 | 2035 | $ 4730994 | $ (185529) | $ 363637 | $ 4909102 | $ 2156275 | $ 111318 | $ 181407 | $ (18141) | $ 2430859 | $ 7339961 | |||||||||||||||||
59 | 245 | 2036 | $ 4909102 | $ (200372) | $ 376698 | $ 5085429 | $ 2430859 | $ 120223 | $ 204087 | $ (20409) | $ 2734760 | $ 7820189 | |||||||||||||||||
60 | 235 | 2037 | $ 5085429 | $ (216401) | $ 389522 | $ 5258550 | $ 2734760 | $ 129841 | $ 229168 | $ (22917) | $ 3070852 | $ 8329402 | |||||||||||||||||
61 | 225 | 2038 | $ 5258550 | $ (233713) | $ 401987 | $ 5426823 | $ 3070852 | $ 140228 | $ 256886 | $ (25689) | $ 3442278 | $ 8869101 | |||||||||||||||||
62 | 215 | 2039 | $ 5426823 | $ (252410) | $ 413953 | $ 5588366 | $ 3442278 | $ 151446 | $ 287498 | $ (28750) | $ 3852472 | $ 9440838 | |||||||||||||||||
63 | 205 | 2040 | $ 5588366 | $ (272603) | $ 425261 | $ 5741024 | $ 3852472 | $ 163562 | $ 321283 | $ (32128) | $ 4305188 | $ 10046212 | |||||||||||||||||
64 | 195 | 2041 | $ 5741024 | $ (294411) | $ 435729 | $ 5882341 | $ 4305188 | $ 176647 | $ 358547 | $ (35855) | $ 4804527 | $ 10686869 | |||||||||||||||||
65 | 185 | 2042 | $ 5882341 | $ (317964) | $ 445150 | $ 6009527 | $ 4804527 | $ 190779 | $ 399624 | $ (39962) | $ 5354968 | $ 11364495 | |||||||||||||||||
66 | 175 | 2043 | $ 6009527 | $ (343402) | $ 453290 | $ 6119416 | $ 5354968 | $ 206041 | $ 444881 | $ (44488) | $ 5961401 | $ 12080817 | |||||||||||||||||
67 | 165 | 2044 | $ 6119416 | $ (370874) | $ 459883 | $ 6208425 | $ 5961401 | $ 222524 | $ 494714 | $ (49471) | $ 6629168 | $ 12837594 | |||||||||||||||||
68 | 155 | 2045 | $ 6208425 | $ (400544) | $ 464631 | $ 6272512 | $ 6629168 | $ 240326 | $ 549560 | $ (54956) | $ 7364098 | $ 13636610 | |||||||||||||||||
69 | 145 | 2046 | $ 6272512 | $ (432587) | $ 467194 | $ 6307119 | $ 7364098 | $ 259552 | $ 609892 | $ (60989) | $ 8172553 | $ 14479672 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (No Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | 210 | 2012 | $ 1469328 | $ (69968) | $ 111949 | $ 1511309 | $ - 0 | $ 41981 | $ 3358 | $ (336) | $ 45003 | $ 1556312 | ||||||||||||||||
66 | 36 | 202 | 2013 | $ 1511309 | $ (74817) | $ 114919 | $ 1551411 | $ 45003 | $ 44890 | $ 7192 | $ (719) | $ 96366 | $ 1647777 | ||||||||||||||||
37 | 192 | 2014 | $ 1551411 | $ (80803) | $ 117649 | $ 1588257 | $ 96366 | $ 48482 | $ 11588 | $ (1159) | $ 155277 | $ 1743534 | |||||||||||||||||
38 | 182 | 2015 | $ 1588257 | $ (87267) | $ 120079 | $ 1621069 | $ 155277 | $ 52360 | $ 16611 | $ (1661) | $ 222587 | $ 1843656 | |||||||||||||||||
39 | 172 | 2016 | $ 1621069 | $ (94248) | $ 122146 | $ 1648967 | $ 222587 | $ 56549 | $ 22331 | $ (2233) | $ 299233 | $ 1948200 | |||||||||||||||||
40 | 162 | 2017 | $ 1648967 | $ (101788) | $ 123774 | $ 1670953 | $ 299233 | $ 61073 | $ 28825 | $ (2882) | $ 386248 | $ 2057201 | |||||||||||||||||
41 | 152 | 2018 | $ 1670953 | $ (109931) | $ 124882 | $ 1685904 | $ 386248 | $ 65959 | $ 36177 | $ (3618) | $ 484766 | $ 2170670 | |||||||||||||||||
42 | 142 | 2019 | $ 1685904 | $ (118726) | $ 125374 | $ 1692552 | $ 484766 | $ 71235 | $ 44480 | $ (4448) | $ 596033 | $ 2288586 | |||||||||||||||||
43 | 132 | 2020 | $ 1692552 | $ (128224) | $ 125146 | $ 1689475 | $ 596033 | $ 76934 | $ 53837 | $ (5384) | $ 721421 | $ 2410896 | |||||||||||||||||
44 | 122 | 2021 | $ 1689475 | $ (138482) | $ 124079 | $ 1675073 | $ 721421 | $ 83089 | $ 64361 | $ (6436) | $ 862435 | $ 2537508 | |||||||||||||||||
45 | 112 | 2022 | $ 1675073 | $ (149560) | $ 122041 | $ 1647554 | $ 862435 | $ 89736 | $ 76174 | $ (7617) | $ 1020727 | $ 2668281 | |||||||||||||||||
46 | 102 | 2023 | $ 1647554 | $ (161525) | $ 118882 | $ 1604911 | $ 1020727 | $ 96915 | $ 89411 | $ (8941) | $ 1198112 | $ 2803024 | |||||||||||||||||
47 | 92 | 2024 | $ 1604911 | $ (174447) | $ 114437 | $ 1544901 | $ 1198112 | $ 104668 | $ 104222 | $ (10422) | $ 1396581 | $ 2941482 | |||||||||||||||||
48 | 82 | 2025 | $ 1544901 | $ (188403) | $ 108520 | $ 1465019 | $ 1396581 | $ 113042 | $ 120770 | $ (12077) | $ 1618315 | $ 3083334 | |||||||||||||||||
49 | 72 | 2026 | $ 1465019 | $ (203475) | $ 100924 | $ 1362467 | $ 1618315 | $ 122085 | $ 139232 | $ (13923) | $ 1865709 | $ 3228176 | |||||||||||||||||
50 | 62 | 2027 | $ 1362467 | $ (219753) | $ 91417 | $ 1234132 | $ 1865709 | $ 131852 | $ 159805 | $ (15980) | $ 2141385 | $ 3375517 | |||||||||||||||||
51 | 52 | 2028 | $ 1234132 | $ (237333) | $ 79744 | $ 1076543 | $ 2141385 | $ 142400 | $ 182703 | $ (18270) | $ 2448217 | $ 3524760 | |||||||||||||||||
52 | 42 | 2029 | $ 1076543 | $ (256320) | $ 65618 | $ 885841 | $ 2448217 | $ 153792 | $ 208161 | $ (20816) | $ 2789354 | $ 3675194 | |||||||||||||||||
53 | 32 | 2030 | $ 885841 | $ (276825) | $ 48721 | $ 657737 | $ 2789354 | $ 166095 | $ 236436 | $ (23644) | $ 3168241 | $ 3825978 | |||||||||||||||||
54 | 22 | 2031 | $ 657737 | $ (298971) | $ 28701 | $ 387467 | $ 3168241 | $ 179383 | $ 267810 | $ (26781) | $ 3588653 | $ 3976119 | |||||||||||||||||
55 | 12 | 2032 | $ 387467 | $ (322889) | $ 5166 | $ 69744 | $ 3588653 | $ 193733 | $ 302591 | $ (30259) | $ 4054718 | $ 4124462 | |||||||||||||||||
56 | 10 | 2033 | $ 69744 | $ (69744) | $ - 0 | $ - 0 | $ 4054718 | $ 41846 | $ 327725 | $ (32773) | $ 4391517 | $ 4391517 | |||||||||||||||||
57 | 10 | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4391517 | $ - 0 | $ 351321 | $ (35132) | $ 4707706 | $ 4707706 | |||||||||||||||||
58 | 10 | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4707706 | $ - 0 | $ 376616 | $ (37662) | $ 5046661 | $ 5046661 | |||||||||||||||||
59 | 10 | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5046661 | $ - 0 | $ 403733 | $ (40373) | $ 5410021 | $ 5410021 | |||||||||||||||||
60 | 10 | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5410021 | $ - 0 | $ 432802 | $ (43280) | $ 5799542 | $ 5799542 | |||||||||||||||||
61 | 10 | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5799542 | $ - 0 | $ 463963 | $ (46396) | $ 6217109 | $ 6217109 | |||||||||||||||||
62 | 10 | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6217109 | $ - 0 | $ 497369 | $ (49737) | $ 6664741 | $ 6664741 | |||||||||||||||||
63 | 10 | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6664741 | $ - 0 | $ 533179 | $ (53318) | $ 7144602 | $ 7144602 | |||||||||||||||||
64 | 10 | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7144602 | $ - 0 | $ 571568 | $ (57157) | $ 7659014 | $ 7659014 | |||||||||||||||||
65 | 10 | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7659014 | $ - 0 | $ 612721 | $ (61272) | $ 8210463 | $ 8210463 | |||||||||||||||||
66 | 10 | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8210463 | $ - 0 | $ 656837 | $ (65684) | $ 8801616 | $ 8801616 | |||||||||||||||||
67 | 10 | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8801616 | $ - 0 | $ 704129 | $ (70413) | $ 9435332 | $ 9435332 | |||||||||||||||||
68 | 10 | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9435332 | $ - 0 | $ 754827 | $ (75483) | $ 10114676 | $ 10114676 | |||||||||||||||||
69 | 10 | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 10114676 | $ - 0 | $ 809174 | $ (80917) | $ 10842933 | $ 10842933 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||
NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||
NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||
NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||
NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||
NA | 2012 | $ 1469328 | $ (1469328) | $ - 0 | $ - 0 | $ - 0 | $ 881597 | $ 70528 | $ (7053) | $ 945072 | $ 945072 | ||||||||||||||
NA | 2013 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 945072 | $ - 0 | $ 75606 | $ (7561) | $ 1013117 | $ 1013117 | ||||||||||||||
NA | 2014 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1013117 | $ - 0 | $ 81049 | $ (8105) | $ 1086061 | $ 1086061 | ||||||||||||||
NA | 2015 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1086061 | $ - 0 | $ 86885 | $ (8688) | $ 1164258 | $ 1164258 | ||||||||||||||
NA | 2016 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1164258 | $ - 0 | $ 93141 | $ (9314) | $ 1248084 | $ 1248084 | ||||||||||||||
NA | 2017 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1248084 | $ - 0 | $ 99847 | $ (9985) | $ 1337946 | $ 1337946 | ||||||||||||||
NA | 2018 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1337946 | $ - 0 | $ 107036 | $ (10704) | $ 1434279 | $ 1434279 | ||||||||||||||
NA | 2019 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1434279 | $ - 0 | $ 114742 | $ (11474) | $ 1537547 | $ 1537547 | ||||||||||||||
NA | 2020 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1537547 | $ - 0 | $ 123004 | $ (12300) | $ 1648250 | $ 1648250 | ||||||||||||||
NA | 2021 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1648250 | $ - 0 | $ 131860 | $ (13186) | $ 1766924 | $ 1766924 | ||||||||||||||
NA | 2022 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1766924 | $ - 0 | $ 141354 | $ (14135) | $ 1894143 | $ 1894143 | ||||||||||||||
NA | 2023 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1894143 | $ - 0 | $ 151531 | $ (15153) | $ 2030521 | $ 2030521 | ||||||||||||||
NA | 2024 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2030521 | $ - 0 | $ 162442 | $ (16244) | $ 2176718 | $ 2176718 | ||||||||||||||
NA | 2025 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2176718 | $ - 0 | $ 174137 | $ (17414) | $ 2333442 | $ 2333442 | ||||||||||||||
NA | 2026 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2333442 | $ - 0 | $ 186675 | $ (18668) | $ 2501450 | $ 2501450 | ||||||||||||||
NA | 2027 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2501450 | $ - 0 | $ 200116 | $ (20012) | $ 2681554 | $ 2681554 | ||||||||||||||
NA | 2028 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2681554 | $ - 0 | $ 214524 | $ (21452) | $ 2874626 | $ 2874626 | ||||||||||||||
NA | 2029 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2874626 | $ - 0 | $ 229970 | $ (22997) | $ 3081599 | $ 3081599 | ||||||||||||||
NA | 2030 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3081599 | $ - 0 | $ 246528 | $ (24653) | $ 3303474 | $ 3303474 | ||||||||||||||
NA | 2031 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3303474 | $ - 0 | $ 264278 | $ (26428) | $ 3541325 | $ 3541325 | ||||||||||||||
NA | 2032 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3541325 | $ - 0 | $ 283306 | $ (28331) | $ 3796300 | $ 3796300 | ||||||||||||||
NA | 2033 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3796300 | $ - 0 | $ 303704 | $ (30370) | $ 4069634 | $ 4069634 | ||||||||||||||
NA | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4069634 | $ - 0 | $ 325571 | $ (32557) | $ 4362647 | $ 4362647 | ||||||||||||||
NA | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4362647 | $ - 0 | $ 349012 | $ (34901) | $ 4676758 | $ 4676758 | ||||||||||||||
NA | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4676758 | $ - 0 | $ 374141 | $ (37414) | $ 5013484 | $ 5013484 | ||||||||||||||
NA | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5013484 | $ - 0 | $ 401079 | $ (40108) | $ 5374455 | $ 5374455 | ||||||||||||||
NA | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5374455 | $ - 0 | $ 429956 | $ (42996) | $ 5761416 | $ 5761416 | ||||||||||||||
NA | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5761416 | $ - 0 | $ 460913 | $ (46091) | $ 6176238 | $ 6176238 | ||||||||||||||
NA | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6176238 | $ - 0 | $ 494099 | $ (49410) | $ 6620927 | $ 6620927 | ||||||||||||||
NA | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6620927 | $ - 0 | $ 529674 | $ (52967) | $ 7097634 | $ 7097634 | ||||||||||||||
NA | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7097634 | $ - 0 | $ 567811 | $ (56781) | $ 7608663 | $ 7608663 | ||||||||||||||
NA | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7608663 | $ - 0 | $ 608693 | $ (60869) | $ 8156487 | $ 8156487 | ||||||||||||||
NA | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8156487 | $ - 0 | $ 652519 | $ (65252) | $ 8743754 | $ 8743754 | ||||||||||||||
NA | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8743754 | $ - 0 | $ 699500 | $ (69950) | $ 9373305 | $ 9373305 | ||||||||||||||
NA | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9373305 | $ - 0 | $ 749864 | $ (74986) | $ 10048183 | $ 10048183 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
Immediate Distribution | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ (1000000) | $ - 0 | $ - 0 | $ - 0 | $ 600000 | $ 48000 | $ (4800) | $ 643200 | $ 643200 | |||||||||||||
NA | 2008 | $ 643200 | $ - 0 | $ 51456 | $ (5146) | $ 689510 | $ 689510 | ||||||||||||||||||
NA | 2009 | $ 689510 | $ - 0 | $ 55161 | $ (5516) | $ 739155 | $ 739155 | ||||||||||||||||||
NA | 2010 | $ 739155 | $ - 0 | $ 59132 | $ (5913) | $ 792374 | $ 792374 | ||||||||||||||||||
NA | 2011 | $ 792374 | $ - 0 | $ 63390 | $ (6339) | $ 849425 | $ 849425 | ||||||||||||||||||
NA | 2012 | $ 849425 | $ - 0 | $ 67954 | $ (6795) | $ 910584 | $ 910584 | ||||||||||||||||||
NA | 2013 | $ 910584 | $ - 0 | $ 72847 | $ (7285) | $ 976146 | $ 976146 | ||||||||||||||||||
NA | 2014 | $ 976146 | $ - 0 | $ 78092 | $ (7809) | $ 1046428 | $ 1046428 | ||||||||||||||||||
NA | 2015 | $ 1046428 | $ - 0 | $ 83714 | $ (8371) | $ 1121771 | $ 1121771 | ||||||||||||||||||
NA | 2016 | $ 1121771 | $ - 0 | $ 89742 | $ (8974) | $ 1202539 | $ 1202539 | ||||||||||||||||||
NA | 2017 | $ 1202539 | $ - 0 | $ 96203 | $ (9620) | $ 1289122 | $ 1289122 | ||||||||||||||||||
NA | 2018 | $ 1289122 | $ - 0 | $ 103130 | $ (10313) | $ 1381938 | $ 1381938 | ||||||||||||||||||
NA | 2019 | $ 1381938 | $ - 0 | $ 110555 | $ (11056) | $ 1481438 | $ 1481438 | ||||||||||||||||||
NA | 2020 | $ 1481438 | $ - 0 | $ 118515 | $ (11852) | $ 1588101 | $ 1588101 | ||||||||||||||||||
NA | 2021 | $ 1588101 | $ - 0 | $ 127048 | $ (12705) | $ 1702445 | $ 1702445 | ||||||||||||||||||
NA | 2022 | $ 1702445 | $ - 0 | $ 136196 | $ (13620) | $ 1825021 | $ 1825021 | ||||||||||||||||||
NA | 2023 | $ 1825021 | $ - 0 | $ 146002 | $ (14600) | $ 1956422 | $ 1956422 | ||||||||||||||||||
NA | 2024 | $ 1956422 | $ - 0 | $ 156514 | $ (15651) | $ 2097285 | $ 2097285 | ||||||||||||||||||
NA | 2025 | $ 2097285 | $ - 0 | $ 167783 | $ (16778) | $ 2248289 | $ 2248289 | ||||||||||||||||||
NA | 2026 | $ 2248289 | $ - 0 | $ 179863 | $ (17986) | $ 2410166 | $ 2410166 | ||||||||||||||||||
NA | 2027 | $ 2410166 | $ - 0 | $ 192813 | $ (19281) | $ 2583698 | $ 2583698 | ||||||||||||||||||
NA | 2028 | $ 2583698 | $ - 0 | $ 206696 | $ (20670) | $ 2769724 | $ 2769724 | ||||||||||||||||||
NA | 2029 | $ 2769724 | $ - 0 | $ 221578 | $ (22158) | $ 2969144 | $ 2969144 | ||||||||||||||||||
NA | 2030 | $ 2969144 | $ - 0 | $ 237532 | $ (23753) | $ 3182923 | $ 3182923 | ||||||||||||||||||
NA | 2031 | $ 3182923 | $ - 0 | $ 254634 | $ (25463) | $ 3412093 | $ 3412093 | ||||||||||||||||||
NA | 2032 | $ 3412093 | $ - 0 | $ 272967 | $ (27297) | $ 3657764 | $ 3657764 | ||||||||||||||||||
NA | 2033 | $ 3657764 | $ - 0 | $ 292621 | $ (29262) | $ 3921123 | $ 3921123 | ||||||||||||||||||
NA | 2034 | $ 3921123 | $ - 0 | $ 313690 | $ (31369) | $ 4203444 | $ 4203444 | ||||||||||||||||||
NA | 2035 | $ 4203444 | $ - 0 | $ 336276 | $ (33628) | $ 4506092 | $ 4506092 | ||||||||||||||||||
NA | 2036 | $ 4506092 | $ - 0 | $ 360487 | $ (36049) | $ 4830530 | $ 4830530 | ||||||||||||||||||
NA | 2037 | $ 4830530 | $ - 0 | $ 386442 | $ (38644) | $ 5178328 | $ 5178328 | ||||||||||||||||||
NA | 2038 | $ 5178328 | $ - 0 | $ 414266 | $ (41427) | $ 5551168 | $ 5551168 | ||||||||||||||||||
NA | 2039 | $ 5551168 | $ - 0 | $ 444093 | $ (44409) | $ 5950852 | $ 5950852 | ||||||||||||||||||
NA | 2040 | $ 5950852 | $ - 0 | $ 476068 | $ (47607) | $ 6379314 | $ 6379314 | ||||||||||||||||||
NA | 2041 | $ 6379314 | $ - 0 | $ 510345 | $ (51035) | $ 6838624 | $ 6838624 | ||||||||||||||||||
NA | 2042 | $ 6838624 | $ - 0 | $ 547090 | $ (54709) | $ 7331005 | $ 7331005 | ||||||||||||||||||
NA | 2043 | $ 7331005 | $ - 0 | $ 586480 | $ (58648) | $ 7858837 | $ 7858837 | ||||||||||||||||||
NA | 2044 | $ 7858837 | $ - 0 | $ 628707 | $ (62871) | $ 8424674 | $ 8424674 | ||||||||||||||||||
NA | 2045 | $ 8424674 | $ - 0 | $ 673974 | $ (67397) | $ 9031250 | $ 9031250 | ||||||||||||||||||
NA | 2046 | $ 9031250 | $ - 0 | $ 722500 | $ (72250) | $ 9681500 | $ 9681500 |
Year 30 | Year 30 | Year 30 | Year 30 | Year 30 | Year 30 |
Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | ||||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 | |||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 |
O amp S Client | |||||||||||||
Inherited IRA Analysis | |||||||||||||
IRA Transfer to Family Summary | |||||||||||||
Year | Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | |||||||
2007 | $ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | |||||||
2008 | $ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | |||||||
2009 | $ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | |||||||
2010 | $ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | |||||||
2011 | $ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | |||||||
2012 | $ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | |||||||
2013 | $ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | |||||||
2014 | $ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | |||||||
2015 | $ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | |||||||
2016 | $ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | |||||||
2017 | $ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | |||||||
2018 | $ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | |||||||
2019 | $ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | |||||||
2020 | $ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | |||||||
2021 | $ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | |||||||
2022 | $ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | |||||||
2023 | $ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | |||||||
2024 | $ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | |||||||
2025 | $ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | |||||||
2026 | $ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | |||||||
2027 | $ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | |||||||
2028 | $ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | |||||||
2029 | $ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | |||||||
2030 | $ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | |||||||
2031 | $ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | |||||||
2032 | $ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | |||||||
2033 | $ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | |||||||
2034 | $ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | |||||||
2035 | $ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | |||||||
2036 | $ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | |||||||
2037 | $ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | |||||||
2038 | $ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | |||||||
2039 | $ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | |||||||
2040 | $ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | |||||||
2041 | $ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | |||||||
2042 | $ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | |||||||
2043 | $ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | |||||||
2044 | $ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | |||||||
2045 | $ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | |||||||
2046 | $ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||
Assumptions | |||||||||||||||||||||||
First Year of Analysis Year of Death | 2007 | ||||||||||||||||||||||
Five-Year Distribution | 0 | ||||||||||||||||||||||
(0=Lump-Sum at End of Five-Year Period 1=Amortize) | |||||||||||||||||||||||
Owner | 65 | ||||||||||||||||||||||
Ss Age | 60 | Single Life Table | Uniform Table | Factor | |||||||||||||||||||
Cs Age | 30 | 0 | 824 | 70 | 274 | NA | |||||||||||||||||
GCs Age | 15 | 1 | 816 | 71 | 265 | NA | |||||||||||||||||
2 | 806 | 72 | 256 | 533 | |||||||||||||||||||
Total IRA Account Balance | $1000000 | 3 | 797 | 73 | 247 | 679 | |||||||||||||||||
Outside Assets Balance | $0 | 4 | 787 | 74 | 238 | ||||||||||||||||||
5 | 777 | 75 | 229 | ||||||||||||||||||||
Growth Rate | 800 | 6 | 767 | 76 | 220 | ||||||||||||||||||
Turnover on Growth | 5000 | 7 | 758 | 77 | 212 | ||||||||||||||||||
8 | 748 | 78 | 203 | ||||||||||||||||||||
Federal Income Tax Rate | 3500 | 9 | 738 | 79 | 195 | ||||||||||||||||||
State Income Tax Rate | 500 | 10 | 728 | 80 | 187 | ||||||||||||||||||
Effective Income Tax Rate | 4000 | 11 | 718 | 81 | 179 | ||||||||||||||||||
12 | 708 | 82 | 171 | ||||||||||||||||||||
Federal Capital Gains Tax Rate | 1500 | 13 | 699 | 83 | 163 | ||||||||||||||||||
State Capital Gains Tax Rate | 500 | 14 | 689 | 84 | 155 | ||||||||||||||||||
Effective Capital Gains Tax Rate | 2000 | 15 | 679 | 85 | 148 | ||||||||||||||||||
16 | 669 | 86 | 141 | ||||||||||||||||||||
17 | 660 | 87 | 134 | ||||||||||||||||||||
18 | 650 | 88 | 127 | ||||||||||||||||||||
19 | 640 | 89 | 120 | ||||||||||||||||||||
20 | 630 | 90 | 114 | ||||||||||||||||||||
21 | 621 | 91 | 108 | ||||||||||||||||||||
22 | 611 | 92 | 102 | ||||||||||||||||||||
23 | 601 | 93 | 96 | ||||||||||||||||||||
24 | 591 | 94 | 91 | ||||||||||||||||||||
25 | 582 | 95 | 86 | ||||||||||||||||||||
26 | 572 | 96 | 81 | ||||||||||||||||||||
27 | 562 | 97 | 76 | ||||||||||||||||||||
28 | 553 | 98 | 71 | ||||||||||||||||||||
29 | 543 | 99 | 67 | ||||||||||||||||||||
30 | 533 | 100 | 63 | ||||||||||||||||||||
31 | 524 | 101 | 59 | ||||||||||||||||||||
32 | 514 | 102 | 55 | ||||||||||||||||||||
33 | 504 | 103 | 52 | ||||||||||||||||||||
34 | 494 | 104 | 49 | ||||||||||||||||||||
35 | 485 | 105 | 45 | ||||||||||||||||||||
36 | 475 | 106 | 42 | ||||||||||||||||||||
37 | 465 | 107 | 39 | ||||||||||||||||||||
38 | 456 | 108 | 37 | ||||||||||||||||||||
39 | 446 | 109 | 34 | ||||||||||||||||||||
40 | 436 | 110 | 31 | ||||||||||||||||||||
41 | 427 | 111 | 29 | ||||||||||||||||||||
42 | 417 | 112 | 26 | ||||||||||||||||||||
43 | 407 | 113 | 24 | ||||||||||||||||||||
44 | 398 | 114 | 21 | ||||||||||||||||||||
45 | 388 | 115 | 19 | ||||||||||||||||||||
46 | 379 | ||||||||||||||||||||||
47 | 370 | ||||||||||||||||||||||
48 | 360 | ||||||||||||||||||||||
49 | 351 | ||||||||||||||||||||||
50 | 342 | ||||||||||||||||||||||
51 | 333 | ||||||||||||||||||||||
52 | 323 | ||||||||||||||||||||||
53 | 314 | ||||||||||||||||||||||
54 | 305 | ||||||||||||||||||||||
55 | 296 | ||||||||||||||||||||||
56 | 287 | ||||||||||||||||||||||
57 | 279 | ||||||||||||||||||||||
58 | 270 | ||||||||||||||||||||||
59 | 261 | ||||||||||||||||||||||
60 | 252 | ||||||||||||||||||||||
61 | 244 | ||||||||||||||||||||||
62 | 235 | ||||||||||||||||||||||
63 | 227 | ||||||||||||||||||||||
64 | 218 | ||||||||||||||||||||||
65 | 210 | ||||||||||||||||||||||
66 | 202 | ||||||||||||||||||||||
67 | 194 | ||||||||||||||||||||||
68 | 186 | ||||||||||||||||||||||
69 | 178 | ||||||||||||||||||||||
70 | 170 | ||||||||||||||||||||||
71 | 163 | ||||||||||||||||||||||
72 | 155 | ||||||||||||||||||||||
73 | 148 | ||||||||||||||||||||||
74 | 141 | ||||||||||||||||||||||
75 | 134 | ||||||||||||||||||||||
76 | 127 | ||||||||||||||||||||||
77 | 121 | ||||||||||||||||||||||
78 | 114 | ||||||||||||||||||||||
79 | 108 | ||||||||||||||||||||||
80 | 102 | ||||||||||||||||||||||
81 | 97 | ||||||||||||||||||||||
82 | 91 | ||||||||||||||||||||||
83 | 86 | ||||||||||||||||||||||
84 | 81 | ||||||||||||||||||||||
85 | 76 | ||||||||||||||||||||||
86 | 71 | ||||||||||||||||||||||
87 | 67 | ||||||||||||||||||||||
88 | 63 | ||||||||||||||||||||||
89 | 59 | ||||||||||||||||||||||
90 | 55 | ||||||||||||||||||||||
91 | 52 | ||||||||||||||||||||||
92 | 49 | ||||||||||||||||||||||
93 | 46 | ||||||||||||||||||||||
94 | 43 | ||||||||||||||||||||||
95 | 41 | ||||||||||||||||||||||
96 | 38 | ||||||||||||||||||||||
97 | 36 | ||||||||||||||||||||||
98 | 34 | ||||||||||||||||||||||
99 | 31 | ||||||||||||||||||||||
100 | 29 | ||||||||||||||||||||||
101 | 27 | ||||||||||||||||||||||
102 | 25 | ||||||||||||||||||||||
103 | 23 | ||||||||||||||||||||||
104 | 21 | ||||||||||||||||||||||
105 | 19 | ||||||||||||||||||||||
106 | 17 | ||||||||||||||||||||||
107 | 15 | ||||||||||||||||||||||
108 | 14 | ||||||||||||||||||||||
109 | 12 | ||||||||||||||||||||||
110 | 11 | ||||||||||||||||||||||
111 | 10 |
O amp S Client | |
Inherited IRA Analysis | |
Overview | |
The Inherited IRA Analysis is a comprehensive income tax analysis designed to show the additional wealth that can be | |
transferred through deferral In particular this analysis looks at six of the most common scenarios which affect IRA | |
owners These scenarios can be summarized as follows | |
Immediate Distribution | |
In this scenario it is assumed the IRA is liquidated in the year of death with the after-tax proceeds being re-invested | |
in a taxable non-qualified account This scenario is analogous to qualified retirement plan situations whereby the | |
beneficiary is required under the provisions of the qualified retirement plan to take the entire balance out as one | |
lump-sum | |
IRA Payable to Non-Qualified Designated Beneficiary | |
This scenario assumes that the IRA is payable to a non-qualified beneficiary (eg estate non-qualified trust etc) | |
To the extent that the decedent-IRA owner is less than age 70frac12 at the time of death the IRA must be fully | |
distributed by December 31st of the year containing the fifth anniversary of the IRA owners death To the extent that | |
the decedent-IRA owner is 70frac12 or older at the time of death the IRA is payable over the decedent-IRA owners ghost | |
life expectancy In this case the factor used in the first year is determined by reference to the Single Life Table using | |
the age of the decedent-IRA owner in the year of death This factor is then reduced by one every year thereafter | |
IRA Payable to Surviving Spouse (No Spousal Rollover) | |
In this scenario it is assumed that the decedent-IRA owners surviving spouse inherits the IRA but chooses to keep | |
the IRA in the decedent-IRA owners name To the extent that the surviving spouse is younger than the decedent-IRA | |
owner it is assumed that the surviving spouses age is used to determine the annual IRA distributions In this case the | |
factor used to determine the surviving spouses annual IRA distribution is by reference to the Single Life Table This | |
process is then repeated each year until the surviving spouse passes away On the other hand if the decedent-IRA | |
owner is younger than the surviving spouse it is assumed that decedent-IRA owners life expectancy is used to | |
determine the annual IRA distributions In this situation the factor used to determine the annual IRA distribution is | |
determined in the first year by reference to the Single Life Table using the decedent-IRA owners age in the year of death | |
Every year thereafter this factor is reduced by one Furthermore regardless of which method that is used it is assumed | |
that the first distribution will not take place until the decedent-IRA owner would have reached age 70frac12 (in the case where | |
the decedent-IRA owner was under age 70frac12 at the time of death) | |
IRA Payable to Surviving Spouse (Spousal Rollover) | |
This particular scenario assumes that instead of keeping the IRA in the name of the decedent-IRA owner (see description | |
above) the surviving spouse rolls over the decedent-IRA owners IRA into her own IRA In this case the surviving spouse | |
may defer taking withdrawals from the IRA until she turns age 70frac12 Once the surviving spouse turns age 70frac12 the | |
annual IRA distribution is determined by reference to the Uniform Lifetime Table using the surviving spouses age each | |
distribution year | |
IRA Payable to Oldest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death | |
IRA Payable to Youngest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death |
NOTE DO NOT PRINT THIS PAGE | |||||||||||||||||||||||
Singular | Possesive | Current Age | Assumed Age Death | ||||||||||||||||||||
IRA Owners First Name | O | Os | 59 | 59 | Amortize | ||||||||||||||||||
Surviving Spouses First Name | S | Ss | 57 | 66 | Lump-Sum | ||||||||||||||||||
Last Name | Client | ||||||||||||||||||||||
Oldest Beneficiarys Name | C | Cs | 60 | NA | |||||||||||||||||||
Youngest Beneficiarys Name | GC | GCs | 15 | NA | |||||||||||||||||||
First Year of Analysis Year of IRA Owners Death | 2007 | ||||||||||||||||||||||
Federal Income Tax Rate | 3500 | ||||||||||||||||||||||
Federal Capital Gains Rate | 1500 | ||||||||||||||||||||||
State Income Tax Rate | 500 | ||||||||||||||||||||||
State Capital Gains Rate | 500 | ||||||||||||||||||||||
IRA Balance | $ 1000000 | ||||||||||||||||||||||
Outside Assets Balance | $ - 0 | ||||||||||||||||||||||
Growth Rate | 800 | ||||||||||||||||||||||
Turnover on Growth | 5000 | ||||||||||||||||||||||
5-Year Payout Option (IRA Owner lt 70) | Lump-Sum | ||||||||||||||||||||||
Denotes mandatory inputs |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Youngest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | GCs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 15 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
16 | 669 | 2008 | $ 1080000 | $ (16143) | $ 85109 | $ 1148965 | $ - 0 | $ 9686 | $ 775 | $ (77) | $ 10383 | $ 1159349 | |||||||||||||||
17 | 659 | 2009 | $ 1148965 | $ (17435) | $ 90522 | $ 1222052 | $ 10383 | $ 10461 | $ 1668 | $ (167) | $ 22345 | $ 1244398 | |||||||||||||||
18 | 649 | 2010 | $ 1222052 | $ (18830) | $ 96258 | $ 1299480 | $ 22345 | $ 11298 | $ 2691 | $ (269) | $ 36065 | $ 1335546 | |||||||||||||||
19 | 639 | 2011 | $ 1299480 | $ (20336) | $ 102332 | $ 1381476 | $ 36065 | $ 12202 | $ 3861 | $ (386) | $ 51742 | $ 1433218 | |||||||||||||||
20 | 629 | 2012 | $ 1381476 | $ (21963) | $ 108761 | $ 1468274 | $ 51742 | $ 13178 | $ 5194 | $ (519) | $ 69594 | $ 1537868 | |||||||||||||||
21 | 619 | 2013 | $ 1468274 | $ (23720) | $ 115564 | $ 1560118 | $ 69594 | $ 14232 | $ 6706 | $ (671) | $ 89862 | $ 1649980 | |||||||||||||||
22 | 609 | 2014 | $ 1560118 | $ (25618) | $ 122760 | $ 1657260 | $ 89862 | $ 15371 | $ 8419 | $ (842) | $ 112809 | $ 1770070 | |||||||||||||||
23 | 599 | 2015 | $ 1657260 | $ (27667) | $ 130367 | $ 1759961 | $ 112809 | $ 16600 | $ 10353 | $ (1035) | $ 138727 | $ 1898688 | |||||||||||||||
24 | 589 | 2016 | $ 1759961 | $ (29880) | $ 138406 | $ 1868487 | $ 138727 | $ 17928 | $ 12532 | $ (1253) | $ 167935 | $ 2036421 | |||||||||||||||
25 | 579 | 2017 | $ 1868487 | $ (32271) | $ 146897 | $ 1983113 | $ 167935 | $ 19363 | $ 14984 | $ (1498) | $ 200783 | $ 2183896 | |||||||||||||||
26 | 569 | 2018 | $ 1983113 | $ (34853) | $ 155861 | $ 2104121 | $ 200783 | $ 20912 | $ 17736 | $ (1774) | $ 237656 | $ 2341777 | |||||||||||||||
27 | 559 | 2019 | $ 2104121 | $ (37641) | $ 165318 | $ 2231799 | $ 237656 | $ 22584 | $ 20819 | $ (2082) | $ 278978 | $ 2510777 | |||||||||||||||
28 | 549 | 2020 | $ 2231799 | $ (40652) | $ 175292 | $ 2366439 | $ 278978 | $ 24391 | $ 24270 | $ (2427) | $ 325212 | $ 2691650 | |||||||||||||||
29 | 539 | 2021 | $ 2366439 | $ (43904) | $ 185803 | $ 2508337 | $ 325212 | $ 26343 | $ 28124 | $ (2812) | $ 376866 | $ 2885203 | |||||||||||||||
30 | 529 | 2022 | $ 2508337 | $ (47417) | $ 196874 | $ 2657794 | $ 376866 | $ 28450 | $ 32425 | $ (3243) | $ 434499 | $ 3092293 | |||||||||||||||
31 | 519 | 2023 | $ 2657794 | $ (51210) | $ 208527 | $ 2815111 | $ 434499 | $ 30726 | $ 37218 | $ (3722) | $ 498721 | $ 3313832 | |||||||||||||||
32 | 509 | 2024 | $ 2815111 | $ (55307) | $ 220784 | $ 2980589 | $ 498721 | $ 33184 | $ 42552 | $ (4255) | $ 570202 | $ 3550791 | |||||||||||||||
33 | 499 | 2025 | $ 2980589 | $ (59731) | $ 233669 | $ 3154526 | $ 570202 | $ 35839 | $ 48483 | $ (4848) | $ 649676 | $ 3804202 | |||||||||||||||
34 | 489 | 2026 | $ 3154526 | $ (64510) | $ 247201 | $ 3337217 | $ 649676 | $ 38706 | $ 55071 | $ (5507) | $ 737945 | $ 4075163 | |||||||||||||||
35 | 479 | 2027 | $ 3337217 | $ (69671) | $ 261404 | $ 3528951 | $ 737945 | $ 41802 | $ 62380 | $ (6238) | $ 835889 | $ 4364840 | |||||||||||||||
36 | 469 | 2028 | $ 3528951 | $ (75244) | $ 276297 | $ 3730003 | $ 835889 | $ 45146 | $ 70483 | $ (7048) | $ 944471 | $ 4674474 | |||||||||||||||
37 | 459 | 2029 | $ 3730003 | $ (81264) | $ 291899 | $ 3940639 | $ 944471 | $ 48758 | $ 79458 | $ (7946) | $ 1064741 | $ 5005380 | |||||||||||||||
38 | 449 | 2030 | $ 3940639 | $ (87765) | $ 308230 | $ 4161104 | $ 1064741 | $ 52659 | $ 89392 | $ (8939) | $ 1197853 | $ 5358957 | |||||||||||||||
39 | 439 | 2031 | $ 4161104 | $ (94786) | $ 325305 | $ 4391623 | $ 1197853 | $ 56872 | $ 100378 | $ (10038) | $ 1345065 | $ 5736688 | |||||||||||||||
40 | 429 | 2032 | $ 4391623 | $ (102369) | $ 343140 | $ 4632395 | $ 1345065 | $ 61421 | $ 112519 | $ (11252) | $ 1507753 | $ 6140148 | |||||||||||||||
41 | 419 | 2033 | $ 4632395 | $ (110558) | $ 361747 | $ 4883583 | $ 1507753 | $ 66335 | $ 125927 | $ (12593) | $ 1687422 | $ 6571005 | |||||||||||||||
42 | 409 | 2034 | $ 4883583 | $ (119403) | $ 381134 | $ 5145315 | $ 1687422 | $ 71642 | $ 140725 | $ (14073) | $ 1885717 | $ 7031031 | |||||||||||||||
43 | 399 | 2035 | $ 5145315 | $ (128955) | $ 401309 | $ 5417668 | $ 1885717 | $ 77373 | $ 157047 | $ (15705) | $ 2104432 | $ 7522100 | |||||||||||||||
44 | 389 | 2036 | $ 5417668 | $ (139272) | $ 422272 | $ 5700668 | $ 2104432 | $ 83563 | $ 175040 | $ (17504) | $ 2345531 | $ 8046199 | |||||||||||||||
45 | 379 | 2037 | $ 5700668 | $ (150413) | $ 444020 | $ 5994275 | $ 2345531 | $ 90248 | $ 194862 | $ (19486) | $ 2611155 | $ 8605430 | |||||||||||||||
46 | 369 | 2038 | $ 5994275 | $ (162446) | $ 466546 | $ 6298375 | $ 2611155 | $ 97468 | $ 216690 | $ (21669) | $ 2903644 | $ 9202019 | |||||||||||||||
47 | 359 | 2039 | $ 6298375 | $ (175442) | $ 489835 | $ 6612767 | $ 2903644 | $ 105265 | $ 240713 | $ (24071) | $ 3225551 | $ 9838318 | |||||||||||||||
48 | 349 | 2040 | $ 6612767 | $ (189478) | $ 513863 | $ 6937153 | $ 3225551 | $ 113687 | $ 267139 | $ (26714) | $ 3579662 | $ 10516815 | |||||||||||||||
49 | 339 | 2041 | $ 6937153 | $ (204636) | $ 538601 | $ 7271118 | $ 3579662 | $ 122781 | $ 296195 | $ (29620) | $ 3969020 | $ 11240138 | |||||||||||||||
50 | 329 | 2042 | $ 7271118 | $ (221007) | $ 564009 | $ 7614121 | $ 3969020 | $ 132604 | $ 328130 | $ (32813) | $ 4396941 | $ 12011061 | |||||||||||||||
51 | 319 | 2043 | $ 7614121 | $ (238687) | $ 590035 | $ 7965468 | $ 4396941 | $ 143212 | $ 363212 | $ (36321) | $ 4867044 | $ 12832512 | |||||||||||||||
52 | 309 | 2044 | $ 7965468 | $ (257782) | $ 616615 | $ 8324301 | $ 4867044 | $ 154669 | $ 401737 | $ (40174) | $ 5383277 | $ 13707578 | |||||||||||||||
53 | 299 | 2045 | $ 8324301 | $ (278405) | $ 643672 | $ 8689568 | $ 5383277 | $ 167043 | $ 444026 | $ (44403) | $ 5949942 | $ 14639510 | |||||||||||||||
54 | 289 | 2046 | $ 8689568 | $ (300677) | $ 671111 | $ 9060002 | $ 5949942 | $ 180406 | $ 490428 | $ (49043) | $ 6571734 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Oldest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
31 | 524 | 2008 | $ 1080000 | $ (20611) | $ 84751 | $ 1144140 | $ - 0 | $ 12366 | $ 989 | $ (99) | $ 13257 | $ 1157397 | |||||||||||||||
32 | 514 | 2009 | $ 1144140 | $ (22260) | $ 89750 | $ 1211631 | $ 13257 | $ 13356 | $ 2129 | $ (213) | $ 28529 | $ 1240160 | |||||||||||||||
33 | 504 | 2010 | $ 1211631 | $ (24040) | $ 95007 | $ 1282598 | $ 28529 | $ 14424 | $ 3436 | $ (344) | $ 46045 | $ 1328644 | |||||||||||||||
34 | 494 | 2011 | $ 1282598 | $ (25964) | $ 100531 | $ 1357166 | $ 46045 | $ 15578 | $ 4930 | $ (493) | $ 66060 | $ 1423226 | |||||||||||||||
35 | 484 | 2012 | $ 1357166 | $ (28041) | $ 106330 | $ 1435455 | $ 66060 | $ 16824 | $ 6631 | $ (663) | $ 88852 | $ 1524308 | |||||||||||||||
36 | 474 | 2013 | $ 1435455 | $ (30284) | $ 112414 | $ 1517585 | $ 88852 | $ 18170 | $ 8562 | $ (856) | $ 114728 | $ 1632313 | |||||||||||||||
37 | 464 | 2014 | $ 1517585 | $ (32707) | $ 118790 | $ 1603669 | $ 114728 | $ 19624 | $ 10748 | $ (1075) | $ 144026 | $ 1747694 | |||||||||||||||
38 | 454 | 2015 | $ 1603669 | $ (35323) | $ 125468 | $ 1693813 | $ 144026 | $ 21194 | $ 13218 | $ (1322) | $ 177115 | $ 1870929 | |||||||||||||||
39 | 444 | 2016 | $ 1693813 | $ (38149) | $ 132453 | $ 1788117 | $ 177115 | $ 22889 | $ 16000 | $ (1600) | $ 214405 | $ 2002522 | |||||||||||||||
40 | 434 | 2017 | $ 1788117 | $ (41201) | $ 139753 | $ 1886670 | $ 214405 | $ 24721 | $ 19130 | $ (1913) | $ 256343 | $ 2143012 | |||||||||||||||
41 | 424 | 2018 | $ 1886670 | $ (44497) | $ 147374 | $ 1989547 | $ 256343 | $ 26698 | $ 22643 | $ (2264) | $ 303420 | $ 2292966 | |||||||||||||||
42 | 414 | 2019 | $ 1989547 | $ (48057) | $ 155319 | $ 2096809 | $ 303420 | $ 28834 | $ 26580 | $ (2658) | $ 356176 | $ 2452985 | |||||||||||||||
43 | 404 | 2020 | $ 2096809 | $ (51901) | $ 163593 | $ 2208501 | $ 356176 | $ 31141 | $ 30985 | $ (3099) | $ 415204 | $ 2623704 | |||||||||||||||
44 | 394 | 2021 | $ 2208501 | $ (56053) | $ 172196 | $ 2324643 | $ 415204 | $ 33632 | $ 35907 | $ (3591) | $ 481152 | $ 2805795 | |||||||||||||||
45 | 384 | 2022 | $ 2324643 | $ (60538) | $ 181128 | $ 2445234 | $ 481152 | $ 36323 | $ 41398 | $ (4140) | $ 554732 | $ 2999966 | |||||||||||||||
46 | 374 | 2023 | $ 2445234 | $ (65381) | $ 190388 | $ 2570242 | $ 554732 | $ 39228 | $ 47517 | $ (4752) | $ 636726 | $ 3206968 | |||||||||||||||
47 | 364 | 2024 | $ 2570242 | $ (70611) | $ 199970 | $ 2699601 | $ 636726 | $ 42367 | $ 54327 | $ (5433) | $ 727987 | $ 3427588 | |||||||||||||||
48 | 354 | 2025 | $ 2699601 | $ (76260) | $ 209867 | $ 2833208 | $ 727987 | $ 45756 | $ 61899 | $ (6190) | $ 829453 | $ 3662661 | |||||||||||||||
49 | 344 | 2026 | $ 2833208 | $ (82361) | $ 220068 | $ 2970915 | $ 829453 | $ 49416 | $ 70310 | $ (7031) | $ 942148 | $ 3913063 | |||||||||||||||
50 | 334 | 2027 | $ 2970915 | $ (88950) | $ 230557 | $ 3112523 | $ 942148 | $ 53370 | $ 79641 | $ (7964) | $ 1067195 | $ 4179718 | |||||||||||||||
51 | 324 | 2028 | $ 3112523 | $ (96066) | $ 241317 | $ 3257774 | $ 1067195 | $ 57639 | $ 89987 | $ (8999) | $ 1205822 | $ 4463596 | |||||||||||||||
52 | 314 | 2029 | $ 3257774 | $ (103751) | $ 252322 | $ 3406345 | $ 1205822 | $ 62250 | $ 101446 | $ (10145) | $ 1359374 | $ 4765719 | |||||||||||||||
53 | 304 | 2030 | $ 3406345 | $ (112051) | $ 263544 | $ 3557838 | $ 1359374 | $ 67230 | $ 114128 | $ (11413) | $ 1529320 | $ 5087158 | |||||||||||||||
54 | 294 | 2031 | $ 3557838 | $ (121015) | $ 274946 | $ 3711769 | $ 1529320 | $ 72609 | $ 128154 | $ (12815) | $ 1717268 | $ 5429037 | |||||||||||||||
55 | 284 | 2032 | $ 3711769 | $ (130696) | $ 286486 | $ 3867559 | $ 1717268 | $ 78418 | $ 143655 | $ (14365) | $ 1924975 | $ 5792533 | |||||||||||||||
56 | 274 | 2033 | $ 3867559 | $ (141152) | $ 298113 | $ 4024520 | $ 1924975 | $ 84691 | $ 160773 | $ (16077) | $ 2154362 | $ 6178881 | |||||||||||||||
57 | 264 | 2034 | $ 4024520 | $ (152444) | $ 309766 | $ 4181842 | $ 2154362 | $ 91466 | $ 179666 | $ (17967) | $ 2407528 | $ 6589369 | |||||||||||||||
58 | 254 | 2035 | $ 4181842 | $ (164639) | $ 321376 | $ 4338578 | $ 2407528 | $ 98784 | $ 200505 | $ (20050) | $ 2686766 | $ 7025344 | |||||||||||||||
59 | 244 | 2036 | $ 4338578 | $ (177811) | $ 332861 | $ 4493629 | $ 2686766 | $ 106686 | $ 223476 | $ (22348) | $ 2994581 | $ 7488210 | |||||||||||||||
60 | 234 | 2037 | $ 4493629 | $ (192035) | $ 344128 | $ 4645721 | $ 2994581 | $ 115221 | $ 248784 | $ (24878) | $ 3333708 | $ 7979429 | |||||||||||||||
61 | 224 | 2038 | $ 4645721 | $ (207398) | $ 355066 | $ 4793389 | $ 3333708 | $ 124439 | $ 276652 | $ (27665) | $ 3707133 | $ 8500522 | |||||||||||||||
62 | 214 | 2039 | $ 4793389 | $ (223990) | $ 365552 | $ 4934951 | $ 3707133 | $ 134394 | $ 307322 | $ (30732) | $ 4118117 | $ 9053068 | |||||||||||||||
63 | 204 | 2040 | $ 4934951 | $ (241909) | $ 375443 | $ 5068485 | $ 4118117 | $ 145146 | $ 341061 | $ (34106) | $ 4570218 | $ 9638702 | |||||||||||||||
64 | 194 | 2041 | $ 5068485 | $ (261262) | $ 384578 | $ 5191800 | $ 4570218 | $ 156757 | $ 378158 | $ (37816) | $ 5067317 | $ 10259117 | |||||||||||||||
65 | 184 | 2042 | $ 5191800 | $ (282163) | $ 392771 | $ 5302408 | $ 5067317 | $ 169298 | $ 418929 | $ (41893) | $ 5613651 | $ 10916059 | |||||||||||||||
66 | 174 | 2043 | $ 5302408 | $ (304736) | $ 399814 | $ 5397486 | $ 5613651 | $ 182842 | $ 463719 | $ (46372) | $ 6213840 | $ 11611326 | |||||||||||||||
67 | 164 | 2044 | $ 5397486 | $ (329115) | $ 405470 | $ 5473841 | $ 6213840 | $ 197469 | $ 512905 | $ (51290) | $ 6872924 | $ 12346764 | |||||||||||||||
68 | 154 | 2045 | $ 5473841 | $ (355444) | $ 409472 | $ 5527868 | $ 6872924 | $ 213267 | $ 566895 | $ (56690) | $ 7596396 | $ 13124264 | |||||||||||||||
69 | 144 | 2046 | $ 5527868 | $ (383880) | $ 411519 | $ 5555507 | $ 7596396 | $ 230328 | $ 626138 | $ (62614) | $ 8390248 | $ 13945755 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | NA | 2012 | $ 1469328 | $ - 0 | $ 117546 | $ 1586874 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1586874 | ||||||||||||||||
66 | 36 | NA | 2013 | $ 1586874 | $ - 0 | $ 126950 | $ 1713824 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1713824 | ||||||||||||||||
37 | 465 | 2014 | $ 1713824 | $ (36856) | $ 134157 | $ 1811125 | $ - 0 | $ 22114 | $ 1769 | $ (177) | $ 23706 | $ 1834831 | |||||||||||||||||
38 | 455 | 2015 | $ 1811125 | $ (39805) | $ 141706 | $ 1913026 | $ 23706 | $ 23883 | $ 3807 | $ (381) | $ 51015 | $ 1964041 | |||||||||||||||||
39 | 445 | 2016 | $ 1913026 | $ (42989) | $ 149603 | $ 2019640 | $ 51015 | $ 25794 | $ 6145 | $ (614) | $ 82339 | $ 2101979 | |||||||||||||||||
40 | 435 | 2017 | $ 2019640 | $ (46428) | $ 157857 | $ 2131068 | $ 82339 | $ 27857 | $ 8816 | $ (882) | $ 118131 | $ 2249198 | |||||||||||||||||
41 | 425 | 2018 | $ 2131068 | $ (50143) | $ 166474 | $ 2247399 | $ 118131 | $ 30086 | $ 11857 | $ (1186) | $ 158888 | $ 2406287 | |||||||||||||||||
42 | 415 | 2019 | $ 2247399 | $ (54154) | $ 175460 | $ 2368705 | $ 158888 | $ 32493 | $ 15310 | $ (1531) | $ 205160 | $ 2573864 | |||||||||||||||||
43 | 405 | 2020 | $ 2368705 | $ (58487) | $ 184817 | $ 2495035 | $ 205160 | $ 35092 | $ 19220 | $ (1922) | $ 257550 | $ 2752585 | |||||||||||||||||
44 | 395 | 2021 | $ 2495035 | $ (63165) | $ 194550 | $ 2626420 | $ 257550 | $ 37899 | $ 23636 | $ (2364) | $ 316721 | $ 2943141 | |||||||||||||||||
45 | 385 | 2022 | $ 2626420 | $ (68219) | $ 204656 | $ 2762857 | $ 316721 | $ 40931 | $ 28612 | $ (2861) | $ 383403 | $ 3146260 | |||||||||||||||||
46 | 375 | 2023 | $ 2762857 | $ (73676) | $ 215134 | $ 2904315 | $ 383403 | $ 44206 | $ 34209 | $ (3421) | $ 458397 | $ 3362712 | |||||||||||||||||
47 | 365 | 2024 | $ 2904315 | $ (79570) | $ 225980 | $ 3050725 | $ 458397 | $ 47742 | $ 40491 | $ (4049) | $ 542581 | $ 3593306 | |||||||||||||||||
48 | 355 | 2025 | $ 3050725 | $ (85936) | $ 237183 | $ 3201972 | $ 542581 | $ 51562 | $ 47531 | $ (4753) | $ 636921 | $ 3838893 | |||||||||||||||||
49 | 345 | 2026 | $ 3201972 | $ (92811) | $ 248733 | $ 3357894 | $ 636921 | $ 55686 | $ 55409 | $ (5541) | $ 742475 | $ 4100369 | |||||||||||||||||
50 | 335 | 2027 | $ 3357894 | $ (100236) | $ 260613 | $ 3518271 | $ 742475 | $ 60141 | $ 64209 | $ (6421) | $ 860405 | $ 4378676 | |||||||||||||||||
51 | 325 | 2028 | $ 3518271 | $ (108254) | $ 272801 | $ 3682818 | $ 860405 | $ 64953 | $ 74029 | $ (7403) | $ 991984 | $ 4674801 | |||||||||||||||||
52 | 315 | 2029 | $ 3682818 | $ (116915) | $ 285272 | $ 3851175 | $ 991984 | $ 70149 | $ 84971 | $ (8497) | $ 1138606 | $ 4989781 | |||||||||||||||||
53 | 305 | 2030 | $ 3851175 | $ (126268) | $ 297993 | $ 4022900 | $ 1138606 | $ 75761 | $ 97149 | $ (9715) | $ 1301801 | $ 5324701 | |||||||||||||||||
54 | 295 | 2031 | $ 4022900 | $ (136369) | $ 310922 | $ 4197453 | $ 1301801 | $ 81822 | $ 110690 | $ (11069) | $ 1483244 | $ 5680696 | |||||||||||||||||
55 | 285 | 2032 | $ 4197453 | $ (147279) | $ 324014 | $ 4374187 | $ 1483244 | $ 88367 | $ 125729 | $ (12573) | $ 1684767 | $ 6058955 | |||||||||||||||||
56 | 275 | 2033 | $ 4374187 | $ (159061) | $ 337210 | $ 4552336 | $ 1684767 | $ 95437 | $ 142416 | $ (14242) | $ 1908379 | $ 6460715 | |||||||||||||||||
57 | 265 | 2034 | $ 4552336 | $ (171786) | $ 350444 | $ 4730994 | $ 1908379 | $ 103072 | $ 160916 | $ (16092) | $ 2156275 | $ 6887269 | |||||||||||||||||
58 | 255 | 2035 | $ 4730994 | $ (185529) | $ 363637 | $ 4909102 | $ 2156275 | $ 111318 | $ 181407 | $ (18141) | $ 2430859 | $ 7339961 | |||||||||||||||||
59 | 245 | 2036 | $ 4909102 | $ (200372) | $ 376698 | $ 5085429 | $ 2430859 | $ 120223 | $ 204087 | $ (20409) | $ 2734760 | $ 7820189 | |||||||||||||||||
60 | 235 | 2037 | $ 5085429 | $ (216401) | $ 389522 | $ 5258550 | $ 2734760 | $ 129841 | $ 229168 | $ (22917) | $ 3070852 | $ 8329402 | |||||||||||||||||
61 | 225 | 2038 | $ 5258550 | $ (233713) | $ 401987 | $ 5426823 | $ 3070852 | $ 140228 | $ 256886 | $ (25689) | $ 3442278 | $ 8869101 | |||||||||||||||||
62 | 215 | 2039 | $ 5426823 | $ (252410) | $ 413953 | $ 5588366 | $ 3442278 | $ 151446 | $ 287498 | $ (28750) | $ 3852472 | $ 9440838 | |||||||||||||||||
63 | 205 | 2040 | $ 5588366 | $ (272603) | $ 425261 | $ 5741024 | $ 3852472 | $ 163562 | $ 321283 | $ (32128) | $ 4305188 | $ 10046212 | |||||||||||||||||
64 | 195 | 2041 | $ 5741024 | $ (294411) | $ 435729 | $ 5882341 | $ 4305188 | $ 176647 | $ 358547 | $ (35855) | $ 4804527 | $ 10686869 | |||||||||||||||||
65 | 185 | 2042 | $ 5882341 | $ (317964) | $ 445150 | $ 6009527 | $ 4804527 | $ 190779 | $ 399624 | $ (39962) | $ 5354968 | $ 11364495 | |||||||||||||||||
66 | 175 | 2043 | $ 6009527 | $ (343402) | $ 453290 | $ 6119416 | $ 5354968 | $ 206041 | $ 444881 | $ (44488) | $ 5961401 | $ 12080817 | |||||||||||||||||
67 | 165 | 2044 | $ 6119416 | $ (370874) | $ 459883 | $ 6208425 | $ 5961401 | $ 222524 | $ 494714 | $ (49471) | $ 6629168 | $ 12837594 | |||||||||||||||||
68 | 155 | 2045 | $ 6208425 | $ (400544) | $ 464631 | $ 6272512 | $ 6629168 | $ 240326 | $ 549560 | $ (54956) | $ 7364098 | $ 13636610 | |||||||||||||||||
69 | 145 | 2046 | $ 6272512 | $ (432587) | $ 467194 | $ 6307119 | $ 7364098 | $ 259552 | $ 609892 | $ (60989) | $ 8172553 | $ 14479672 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (No Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | 210 | 2012 | $ 1469328 | $ (69968) | $ 111949 | $ 1511309 | $ - 0 | $ 41981 | $ 3358 | $ (336) | $ 45003 | $ 1556312 | ||||||||||||||||
66 | 36 | 202 | 2013 | $ 1511309 | $ (74817) | $ 114919 | $ 1551411 | $ 45003 | $ 44890 | $ 7192 | $ (719) | $ 96366 | $ 1647777 | ||||||||||||||||
37 | 192 | 2014 | $ 1551411 | $ (80803) | $ 117649 | $ 1588257 | $ 96366 | $ 48482 | $ 11588 | $ (1159) | $ 155277 | $ 1743534 | |||||||||||||||||
38 | 182 | 2015 | $ 1588257 | $ (87267) | $ 120079 | $ 1621069 | $ 155277 | $ 52360 | $ 16611 | $ (1661) | $ 222587 | $ 1843656 | |||||||||||||||||
39 | 172 | 2016 | $ 1621069 | $ (94248) | $ 122146 | $ 1648967 | $ 222587 | $ 56549 | $ 22331 | $ (2233) | $ 299233 | $ 1948200 | |||||||||||||||||
40 | 162 | 2017 | $ 1648967 | $ (101788) | $ 123774 | $ 1670953 | $ 299233 | $ 61073 | $ 28825 | $ (2882) | $ 386248 | $ 2057201 | |||||||||||||||||
41 | 152 | 2018 | $ 1670953 | $ (109931) | $ 124882 | $ 1685904 | $ 386248 | $ 65959 | $ 36177 | $ (3618) | $ 484766 | $ 2170670 | |||||||||||||||||
42 | 142 | 2019 | $ 1685904 | $ (118726) | $ 125374 | $ 1692552 | $ 484766 | $ 71235 | $ 44480 | $ (4448) | $ 596033 | $ 2288586 | |||||||||||||||||
43 | 132 | 2020 | $ 1692552 | $ (128224) | $ 125146 | $ 1689475 | $ 596033 | $ 76934 | $ 53837 | $ (5384) | $ 721421 | $ 2410896 | |||||||||||||||||
44 | 122 | 2021 | $ 1689475 | $ (138482) | $ 124079 | $ 1675073 | $ 721421 | $ 83089 | $ 64361 | $ (6436) | $ 862435 | $ 2537508 | |||||||||||||||||
45 | 112 | 2022 | $ 1675073 | $ (149560) | $ 122041 | $ 1647554 | $ 862435 | $ 89736 | $ 76174 | $ (7617) | $ 1020727 | $ 2668281 | |||||||||||||||||
46 | 102 | 2023 | $ 1647554 | $ (161525) | $ 118882 | $ 1604911 | $ 1020727 | $ 96915 | $ 89411 | $ (8941) | $ 1198112 | $ 2803024 | |||||||||||||||||
47 | 92 | 2024 | $ 1604911 | $ (174447) | $ 114437 | $ 1544901 | $ 1198112 | $ 104668 | $ 104222 | $ (10422) | $ 1396581 | $ 2941482 | |||||||||||||||||
48 | 82 | 2025 | $ 1544901 | $ (188403) | $ 108520 | $ 1465019 | $ 1396581 | $ 113042 | $ 120770 | $ (12077) | $ 1618315 | $ 3083334 | |||||||||||||||||
49 | 72 | 2026 | $ 1465019 | $ (203475) | $ 100924 | $ 1362467 | $ 1618315 | $ 122085 | $ 139232 | $ (13923) | $ 1865709 | $ 3228176 | |||||||||||||||||
50 | 62 | 2027 | $ 1362467 | $ (219753) | $ 91417 | $ 1234132 | $ 1865709 | $ 131852 | $ 159805 | $ (15980) | $ 2141385 | $ 3375517 | |||||||||||||||||
51 | 52 | 2028 | $ 1234132 | $ (237333) | $ 79744 | $ 1076543 | $ 2141385 | $ 142400 | $ 182703 | $ (18270) | $ 2448217 | $ 3524760 | |||||||||||||||||
52 | 42 | 2029 | $ 1076543 | $ (256320) | $ 65618 | $ 885841 | $ 2448217 | $ 153792 | $ 208161 | $ (20816) | $ 2789354 | $ 3675194 | |||||||||||||||||
53 | 32 | 2030 | $ 885841 | $ (276825) | $ 48721 | $ 657737 | $ 2789354 | $ 166095 | $ 236436 | $ (23644) | $ 3168241 | $ 3825978 | |||||||||||||||||
54 | 22 | 2031 | $ 657737 | $ (298971) | $ 28701 | $ 387467 | $ 3168241 | $ 179383 | $ 267810 | $ (26781) | $ 3588653 | $ 3976119 | |||||||||||||||||
55 | 12 | 2032 | $ 387467 | $ (322889) | $ 5166 | $ 69744 | $ 3588653 | $ 193733 | $ 302591 | $ (30259) | $ 4054718 | $ 4124462 | |||||||||||||||||
56 | 10 | 2033 | $ 69744 | $ (69744) | $ - 0 | $ - 0 | $ 4054718 | $ 41846 | $ 327725 | $ (32773) | $ 4391517 | $ 4391517 | |||||||||||||||||
57 | 10 | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4391517 | $ - 0 | $ 351321 | $ (35132) | $ 4707706 | $ 4707706 | |||||||||||||||||
58 | 10 | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4707706 | $ - 0 | $ 376616 | $ (37662) | $ 5046661 | $ 5046661 | |||||||||||||||||
59 | 10 | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5046661 | $ - 0 | $ 403733 | $ (40373) | $ 5410021 | $ 5410021 | |||||||||||||||||
60 | 10 | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5410021 | $ - 0 | $ 432802 | $ (43280) | $ 5799542 | $ 5799542 | |||||||||||||||||
61 | 10 | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5799542 | $ - 0 | $ 463963 | $ (46396) | $ 6217109 | $ 6217109 | |||||||||||||||||
62 | 10 | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6217109 | $ - 0 | $ 497369 | $ (49737) | $ 6664741 | $ 6664741 | |||||||||||||||||
63 | 10 | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6664741 | $ - 0 | $ 533179 | $ (53318) | $ 7144602 | $ 7144602 | |||||||||||||||||
64 | 10 | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7144602 | $ - 0 | $ 571568 | $ (57157) | $ 7659014 | $ 7659014 | |||||||||||||||||
65 | 10 | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7659014 | $ - 0 | $ 612721 | $ (61272) | $ 8210463 | $ 8210463 | |||||||||||||||||
66 | 10 | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8210463 | $ - 0 | $ 656837 | $ (65684) | $ 8801616 | $ 8801616 | |||||||||||||||||
67 | 10 | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8801616 | $ - 0 | $ 704129 | $ (70413) | $ 9435332 | $ 9435332 | |||||||||||||||||
68 | 10 | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9435332 | $ - 0 | $ 754827 | $ (75483) | $ 10114676 | $ 10114676 | |||||||||||||||||
69 | 10 | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 10114676 | $ - 0 | $ 809174 | $ (80917) | $ 10842933 | $ 10842933 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||
NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||
NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||
NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||
NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||
NA | 2012 | $ 1469328 | $ (1469328) | $ - 0 | $ - 0 | $ - 0 | $ 881597 | $ 70528 | $ (7053) | $ 945072 | $ 945072 | ||||||||||||||
NA | 2013 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 945072 | $ - 0 | $ 75606 | $ (7561) | $ 1013117 | $ 1013117 | ||||||||||||||
NA | 2014 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1013117 | $ - 0 | $ 81049 | $ (8105) | $ 1086061 | $ 1086061 | ||||||||||||||
NA | 2015 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1086061 | $ - 0 | $ 86885 | $ (8688) | $ 1164258 | $ 1164258 | ||||||||||||||
NA | 2016 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1164258 | $ - 0 | $ 93141 | $ (9314) | $ 1248084 | $ 1248084 | ||||||||||||||
NA | 2017 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1248084 | $ - 0 | $ 99847 | $ (9985) | $ 1337946 | $ 1337946 | ||||||||||||||
NA | 2018 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1337946 | $ - 0 | $ 107036 | $ (10704) | $ 1434279 | $ 1434279 | ||||||||||||||
NA | 2019 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1434279 | $ - 0 | $ 114742 | $ (11474) | $ 1537547 | $ 1537547 | ||||||||||||||
NA | 2020 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1537547 | $ - 0 | $ 123004 | $ (12300) | $ 1648250 | $ 1648250 | ||||||||||||||
NA | 2021 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1648250 | $ - 0 | $ 131860 | $ (13186) | $ 1766924 | $ 1766924 | ||||||||||||||
NA | 2022 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1766924 | $ - 0 | $ 141354 | $ (14135) | $ 1894143 | $ 1894143 | ||||||||||||||
NA | 2023 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1894143 | $ - 0 | $ 151531 | $ (15153) | $ 2030521 | $ 2030521 | ||||||||||||||
NA | 2024 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2030521 | $ - 0 | $ 162442 | $ (16244) | $ 2176718 | $ 2176718 | ||||||||||||||
NA | 2025 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2176718 | $ - 0 | $ 174137 | $ (17414) | $ 2333442 | $ 2333442 | ||||||||||||||
NA | 2026 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2333442 | $ - 0 | $ 186675 | $ (18668) | $ 2501450 | $ 2501450 | ||||||||||||||
NA | 2027 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2501450 | $ - 0 | $ 200116 | $ (20012) | $ 2681554 | $ 2681554 | ||||||||||||||
NA | 2028 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2681554 | $ - 0 | $ 214524 | $ (21452) | $ 2874626 | $ 2874626 | ||||||||||||||
NA | 2029 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2874626 | $ - 0 | $ 229970 | $ (22997) | $ 3081599 | $ 3081599 | ||||||||||||||
NA | 2030 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3081599 | $ - 0 | $ 246528 | $ (24653) | $ 3303474 | $ 3303474 | ||||||||||||||
NA | 2031 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3303474 | $ - 0 | $ 264278 | $ (26428) | $ 3541325 | $ 3541325 | ||||||||||||||
NA | 2032 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3541325 | $ - 0 | $ 283306 | $ (28331) | $ 3796300 | $ 3796300 | ||||||||||||||
NA | 2033 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3796300 | $ - 0 | $ 303704 | $ (30370) | $ 4069634 | $ 4069634 | ||||||||||||||
NA | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4069634 | $ - 0 | $ 325571 | $ (32557) | $ 4362647 | $ 4362647 | ||||||||||||||
NA | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4362647 | $ - 0 | $ 349012 | $ (34901) | $ 4676758 | $ 4676758 | ||||||||||||||
NA | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4676758 | $ - 0 | $ 374141 | $ (37414) | $ 5013484 | $ 5013484 | ||||||||||||||
NA | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5013484 | $ - 0 | $ 401079 | $ (40108) | $ 5374455 | $ 5374455 | ||||||||||||||
NA | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5374455 | $ - 0 | $ 429956 | $ (42996) | $ 5761416 | $ 5761416 | ||||||||||||||
NA | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5761416 | $ - 0 | $ 460913 | $ (46091) | $ 6176238 | $ 6176238 | ||||||||||||||
NA | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6176238 | $ - 0 | $ 494099 | $ (49410) | $ 6620927 | $ 6620927 | ||||||||||||||
NA | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6620927 | $ - 0 | $ 529674 | $ (52967) | $ 7097634 | $ 7097634 | ||||||||||||||
NA | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7097634 | $ - 0 | $ 567811 | $ (56781) | $ 7608663 | $ 7608663 | ||||||||||||||
NA | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7608663 | $ - 0 | $ 608693 | $ (60869) | $ 8156487 | $ 8156487 | ||||||||||||||
NA | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8156487 | $ - 0 | $ 652519 | $ (65252) | $ 8743754 | $ 8743754 | ||||||||||||||
NA | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8743754 | $ - 0 | $ 699500 | $ (69950) | $ 9373305 | $ 9373305 | ||||||||||||||
NA | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9373305 | $ - 0 | $ 749864 | $ (74986) | $ 10048183 | $ 10048183 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
Immediate Distribution | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ (1000000) | $ - 0 | $ - 0 | $ - 0 | $ 600000 | $ 48000 | $ (4800) | $ 643200 | $ 643200 | |||||||||||||
NA | 2008 | $ 643200 | $ - 0 | $ 51456 | $ (5146) | $ 689510 | $ 689510 | ||||||||||||||||||
NA | 2009 | $ 689510 | $ - 0 | $ 55161 | $ (5516) | $ 739155 | $ 739155 | ||||||||||||||||||
NA | 2010 | $ 739155 | $ - 0 | $ 59132 | $ (5913) | $ 792374 | $ 792374 | ||||||||||||||||||
NA | 2011 | $ 792374 | $ - 0 | $ 63390 | $ (6339) | $ 849425 | $ 849425 | ||||||||||||||||||
NA | 2012 | $ 849425 | $ - 0 | $ 67954 | $ (6795) | $ 910584 | $ 910584 | ||||||||||||||||||
NA | 2013 | $ 910584 | $ - 0 | $ 72847 | $ (7285) | $ 976146 | $ 976146 | ||||||||||||||||||
NA | 2014 | $ 976146 | $ - 0 | $ 78092 | $ (7809) | $ 1046428 | $ 1046428 | ||||||||||||||||||
NA | 2015 | $ 1046428 | $ - 0 | $ 83714 | $ (8371) | $ 1121771 | $ 1121771 | ||||||||||||||||||
NA | 2016 | $ 1121771 | $ - 0 | $ 89742 | $ (8974) | $ 1202539 | $ 1202539 | ||||||||||||||||||
NA | 2017 | $ 1202539 | $ - 0 | $ 96203 | $ (9620) | $ 1289122 | $ 1289122 | ||||||||||||||||||
NA | 2018 | $ 1289122 | $ - 0 | $ 103130 | $ (10313) | $ 1381938 | $ 1381938 | ||||||||||||||||||
NA | 2019 | $ 1381938 | $ - 0 | $ 110555 | $ (11056) | $ 1481438 | $ 1481438 | ||||||||||||||||||
NA | 2020 | $ 1481438 | $ - 0 | $ 118515 | $ (11852) | $ 1588101 | $ 1588101 | ||||||||||||||||||
NA | 2021 | $ 1588101 | $ - 0 | $ 127048 | $ (12705) | $ 1702445 | $ 1702445 | ||||||||||||||||||
NA | 2022 | $ 1702445 | $ - 0 | $ 136196 | $ (13620) | $ 1825021 | $ 1825021 | ||||||||||||||||||
NA | 2023 | $ 1825021 | $ - 0 | $ 146002 | $ (14600) | $ 1956422 | $ 1956422 | ||||||||||||||||||
NA | 2024 | $ 1956422 | $ - 0 | $ 156514 | $ (15651) | $ 2097285 | $ 2097285 | ||||||||||||||||||
NA | 2025 | $ 2097285 | $ - 0 | $ 167783 | $ (16778) | $ 2248289 | $ 2248289 | ||||||||||||||||||
NA | 2026 | $ 2248289 | $ - 0 | $ 179863 | $ (17986) | $ 2410166 | $ 2410166 | ||||||||||||||||||
NA | 2027 | $ 2410166 | $ - 0 | $ 192813 | $ (19281) | $ 2583698 | $ 2583698 | ||||||||||||||||||
NA | 2028 | $ 2583698 | $ - 0 | $ 206696 | $ (20670) | $ 2769724 | $ 2769724 | ||||||||||||||||||
NA | 2029 | $ 2769724 | $ - 0 | $ 221578 | $ (22158) | $ 2969144 | $ 2969144 | ||||||||||||||||||
NA | 2030 | $ 2969144 | $ - 0 | $ 237532 | $ (23753) | $ 3182923 | $ 3182923 | ||||||||||||||||||
NA | 2031 | $ 3182923 | $ - 0 | $ 254634 | $ (25463) | $ 3412093 | $ 3412093 | ||||||||||||||||||
NA | 2032 | $ 3412093 | $ - 0 | $ 272967 | $ (27297) | $ 3657764 | $ 3657764 | ||||||||||||||||||
NA | 2033 | $ 3657764 | $ - 0 | $ 292621 | $ (29262) | $ 3921123 | $ 3921123 | ||||||||||||||||||
NA | 2034 | $ 3921123 | $ - 0 | $ 313690 | $ (31369) | $ 4203444 | $ 4203444 | ||||||||||||||||||
NA | 2035 | $ 4203444 | $ - 0 | $ 336276 | $ (33628) | $ 4506092 | $ 4506092 | ||||||||||||||||||
NA | 2036 | $ 4506092 | $ - 0 | $ 360487 | $ (36049) | $ 4830530 | $ 4830530 | ||||||||||||||||||
NA | 2037 | $ 4830530 | $ - 0 | $ 386442 | $ (38644) | $ 5178328 | $ 5178328 | ||||||||||||||||||
NA | 2038 | $ 5178328 | $ - 0 | $ 414266 | $ (41427) | $ 5551168 | $ 5551168 | ||||||||||||||||||
NA | 2039 | $ 5551168 | $ - 0 | $ 444093 | $ (44409) | $ 5950852 | $ 5950852 | ||||||||||||||||||
NA | 2040 | $ 5950852 | $ - 0 | $ 476068 | $ (47607) | $ 6379314 | $ 6379314 | ||||||||||||||||||
NA | 2041 | $ 6379314 | $ - 0 | $ 510345 | $ (51035) | $ 6838624 | $ 6838624 | ||||||||||||||||||
NA | 2042 | $ 6838624 | $ - 0 | $ 547090 | $ (54709) | $ 7331005 | $ 7331005 | ||||||||||||||||||
NA | 2043 | $ 7331005 | $ - 0 | $ 586480 | $ (58648) | $ 7858837 | $ 7858837 | ||||||||||||||||||
NA | 2044 | $ 7858837 | $ - 0 | $ 628707 | $ (62871) | $ 8424674 | $ 8424674 | ||||||||||||||||||
NA | 2045 | $ 8424674 | $ - 0 | $ 673974 | $ (67397) | $ 9031250 | $ 9031250 | ||||||||||||||||||
NA | 2046 | $ 9031250 | $ - 0 | $ 722500 | $ (72250) | $ 9681500 | $ 9681500 |
Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | ||||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 | |||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 |
O amp S Client | |||||||||||||
Inherited IRA Analysis | |||||||||||||
IRA Transfer to Family Summary | |||||||||||||
Year | Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | |||||||
2007 | $ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | |||||||
2008 | $ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | |||||||
2009 | $ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | |||||||
2010 | $ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | |||||||
2011 | $ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | |||||||
2012 | $ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | |||||||
2013 | $ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | |||||||
2014 | $ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | |||||||
2015 | $ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | |||||||
2016 | $ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | |||||||
2017 | $ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | |||||||
2018 | $ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | |||||||
2019 | $ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | |||||||
2020 | $ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | |||||||
2021 | $ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | |||||||
2022 | $ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | |||||||
2023 | $ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | |||||||
2024 | $ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | |||||||
2025 | $ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | |||||||
2026 | $ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | |||||||
2027 | $ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | |||||||
2028 | $ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | |||||||
2029 | $ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | |||||||
2030 | $ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | |||||||
2031 | $ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | |||||||
2032 | $ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | |||||||
2033 | $ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | |||||||
2034 | $ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | |||||||
2035 | $ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | |||||||
2036 | $ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | |||||||
2037 | $ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | |||||||
2038 | $ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | |||||||
2039 | $ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | |||||||
2040 | $ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | |||||||
2041 | $ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | |||||||
2042 | $ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | |||||||
2043 | $ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | |||||||
2044 | $ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | |||||||
2045 | $ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | |||||||
2046 | $ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||
Assumptions | |||||||||||||||||||||||
First Year of Analysis Year of Death | 2007 | ||||||||||||||||||||||
Five-Year Distribution | 0 | ||||||||||||||||||||||
(0=Lump-Sum at End of Five-Year Period 1=Amortize) | |||||||||||||||||||||||
Owner | 65 | ||||||||||||||||||||||
Ss Age | 60 | Single Life Table | Uniform Table | Factor | |||||||||||||||||||
Cs Age | 30 | 0 | 824 | 70 | 274 | NA | |||||||||||||||||
GCs Age | 15 | 1 | 816 | 71 | 265 | NA | |||||||||||||||||
2 | 806 | 72 | 256 | 533 | |||||||||||||||||||
Total IRA Account Balance | $1000000 | 3 | 797 | 73 | 247 | 679 | |||||||||||||||||
Outside Assets Balance | $0 | 4 | 787 | 74 | 238 | ||||||||||||||||||
5 | 777 | 75 | 229 | ||||||||||||||||||||
Growth Rate | 800 | 6 | 767 | 76 | 220 | ||||||||||||||||||
Turnover on Growth | 5000 | 7 | 758 | 77 | 212 | ||||||||||||||||||
8 | 748 | 78 | 203 | ||||||||||||||||||||
Federal Income Tax Rate | 3500 | 9 | 738 | 79 | 195 | ||||||||||||||||||
State Income Tax Rate | 500 | 10 | 728 | 80 | 187 | ||||||||||||||||||
Effective Income Tax Rate | 4000 | 11 | 718 | 81 | 179 | ||||||||||||||||||
12 | 708 | 82 | 171 | ||||||||||||||||||||
Federal Capital Gains Tax Rate | 1500 | 13 | 699 | 83 | 163 | ||||||||||||||||||
State Capital Gains Tax Rate | 500 | 14 | 689 | 84 | 155 | ||||||||||||||||||
Effective Capital Gains Tax Rate | 2000 | 15 | 679 | 85 | 148 | ||||||||||||||||||
16 | 669 | 86 | 141 | ||||||||||||||||||||
17 | 660 | 87 | 134 | ||||||||||||||||||||
18 | 650 | 88 | 127 | ||||||||||||||||||||
19 | 640 | 89 | 120 | ||||||||||||||||||||
20 | 630 | 90 | 114 | ||||||||||||||||||||
21 | 621 | 91 | 108 | ||||||||||||||||||||
22 | 611 | 92 | 102 | ||||||||||||||||||||
23 | 601 | 93 | 96 | ||||||||||||||||||||
24 | 591 | 94 | 91 | ||||||||||||||||||||
25 | 582 | 95 | 86 | ||||||||||||||||||||
26 | 572 | 96 | 81 | ||||||||||||||||||||
27 | 562 | 97 | 76 | ||||||||||||||||||||
28 | 553 | 98 | 71 | ||||||||||||||||||||
29 | 543 | 99 | 67 | ||||||||||||||||||||
30 | 533 | 100 | 63 | ||||||||||||||||||||
31 | 524 | 101 | 59 | ||||||||||||||||||||
32 | 514 | 102 | 55 | ||||||||||||||||||||
33 | 504 | 103 | 52 | ||||||||||||||||||||
34 | 494 | 104 | 49 | ||||||||||||||||||||
35 | 485 | 105 | 45 | ||||||||||||||||||||
36 | 475 | 106 | 42 | ||||||||||||||||||||
37 | 465 | 107 | 39 | ||||||||||||||||||||
38 | 456 | 108 | 37 | ||||||||||||||||||||
39 | 446 | 109 | 34 | ||||||||||||||||||||
40 | 436 | 110 | 31 | ||||||||||||||||||||
41 | 427 | 111 | 29 | ||||||||||||||||||||
42 | 417 | 112 | 26 | ||||||||||||||||||||
43 | 407 | 113 | 24 | ||||||||||||||||||||
44 | 398 | 114 | 21 | ||||||||||||||||||||
45 | 388 | 115 | 19 | ||||||||||||||||||||
46 | 379 | ||||||||||||||||||||||
47 | 370 | ||||||||||||||||||||||
48 | 360 | ||||||||||||||||||||||
49 | 351 | ||||||||||||||||||||||
50 | 342 | ||||||||||||||||||||||
51 | 333 | ||||||||||||||||||||||
52 | 323 | ||||||||||||||||||||||
53 | 314 | ||||||||||||||||||||||
54 | 305 | ||||||||||||||||||||||
55 | 296 | ||||||||||||||||||||||
56 | 287 | ||||||||||||||||||||||
57 | 279 | ||||||||||||||||||||||
58 | 270 | ||||||||||||||||||||||
59 | 261 | ||||||||||||||||||||||
60 | 252 | ||||||||||||||||||||||
61 | 244 | ||||||||||||||||||||||
62 | 235 | ||||||||||||||||||||||
63 | 227 | ||||||||||||||||||||||
64 | 218 | ||||||||||||||||||||||
65 | 210 | ||||||||||||||||||||||
66 | 202 | ||||||||||||||||||||||
67 | 194 | ||||||||||||||||||||||
68 | 186 | ||||||||||||||||||||||
69 | 178 | ||||||||||||||||||||||
70 | 170 | ||||||||||||||||||||||
71 | 163 | ||||||||||||||||||||||
72 | 155 | ||||||||||||||||||||||
73 | 148 | ||||||||||||||||||||||
74 | 141 | ||||||||||||||||||||||
75 | 134 | ||||||||||||||||||||||
76 | 127 | ||||||||||||||||||||||
77 | 121 | ||||||||||||||||||||||
78 | 114 | ||||||||||||||||||||||
79 | 108 | ||||||||||||||||||||||
80 | 102 | ||||||||||||||||||||||
81 | 97 | ||||||||||||||||||||||
82 | 91 | ||||||||||||||||||||||
83 | 86 | ||||||||||||||||||||||
84 | 81 | ||||||||||||||||||||||
85 | 76 | ||||||||||||||||||||||
86 | 71 | ||||||||||||||||||||||
87 | 67 | ||||||||||||||||||||||
88 | 63 | ||||||||||||||||||||||
89 | 59 | ||||||||||||||||||||||
90 | 55 | ||||||||||||||||||||||
91 | 52 | ||||||||||||||||||||||
92 | 49 | ||||||||||||||||||||||
93 | 46 | ||||||||||||||||||||||
94 | 43 | ||||||||||||||||||||||
95 | 41 | ||||||||||||||||||||||
96 | 38 | ||||||||||||||||||||||
97 | 36 | ||||||||||||||||||||||
98 | 34 | ||||||||||||||||||||||
99 | 31 | ||||||||||||||||||||||
100 | 29 | ||||||||||||||||||||||
101 | 27 | ||||||||||||||||||||||
102 | 25 | ||||||||||||||||||||||
103 | 23 | ||||||||||||||||||||||
104 | 21 | ||||||||||||||||||||||
105 | 19 | ||||||||||||||||||||||
106 | 17 | ||||||||||||||||||||||
107 | 15 | ||||||||||||||||||||||
108 | 14 | ||||||||||||||||||||||
109 | 12 | ||||||||||||||||||||||
110 | 11 | ||||||||||||||||||||||
111 | 10 |
O amp S Client | |
Inherited IRA Analysis | |
Overview | |
The Inherited IRA Analysis is a comprehensive income tax analysis designed to show the additional wealth that can be | |
transferred through deferral In particular this analysis looks at six of the most common scenarios which affect IRA | |
owners These scenarios can be summarized as follows | |
Immediate Distribution | |
In this scenario it is assumed the IRA is liquidated in the year of death with the after-tax proceeds being re-invested | |
in a taxable non-qualified account This scenario is analogous to qualified retirement plan situations whereby the | |
beneficiary is required under the provisions of the qualified retirement plan to take the entire balance out as one | |
lump-sum | |
IRA Payable to Non-Qualified Designated Beneficiary | |
This scenario assumes that the IRA is payable to a non-qualified beneficiary (eg estate non-qualified trust etc) | |
To the extent that the decedent-IRA owner is less than age 70frac12 at the time of death the IRA must be fully | |
distributed by December 31st of the year containing the fifth anniversary of the IRA owners death To the extent that | |
the decedent-IRA owner is 70frac12 or older at the time of death the IRA is payable over the decedent-IRA owners ghost | |
life expectancy In this case the factor used in the first year is determined by reference to the Single Life Table using | |
the age of the decedent-IRA owner in the year of death This factor is then reduced by one every year thereafter | |
IRA Payable to Surviving Spouse (No Spousal Rollover) | |
In this scenario it is assumed that the decedent-IRA owners surviving spouse inherits the IRA but chooses to keep | |
the IRA in the decedent-IRA owners name To the extent that the surviving spouse is younger than the decedent-IRA | |
owner it is assumed that the surviving spouses age is used to determine the annual IRA distributions In this case the | |
factor used to determine the surviving spouses annual IRA distribution is by reference to the Single Life Table This | |
process is then repeated each year until the surviving spouse passes away On the other hand if the decedent-IRA | |
owner is younger than the surviving spouse it is assumed that decedent-IRA owners life expectancy is used to | |
determine the annual IRA distributions In this situation the factor used to determine the annual IRA distribution is | |
determined in the first year by reference to the Single Life Table using the decedent-IRA owners age in the year of death | |
Every year thereafter this factor is reduced by one Furthermore regardless of which method that is used it is assumed | |
that the first distribution will not take place until the decedent-IRA owner would have reached age 70frac12 (in the case where | |
the decedent-IRA owner was under age 70frac12 at the time of death) | |
IRA Payable to Surviving Spouse (Spousal Rollover) | |
This particular scenario assumes that instead of keeping the IRA in the name of the decedent-IRA owner (see description | |
above) the surviving spouse rolls over the decedent-IRA owners IRA into her own IRA In this case the surviving spouse | |
may defer taking withdrawals from the IRA until she turns age 70frac12 Once the surviving spouse turns age 70frac12 the | |
annual IRA distribution is determined by reference to the Uniform Lifetime Table using the surviving spouses age each | |
distribution year | |
IRA Payable to Oldest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death | |
IRA Payable to Youngest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death |
NOTE DO NOT PRINT THIS PAGE | |||||||||||||||||||||||
Singular | Possesive | Current Age | Assumed Age Death | ||||||||||||||||||||
IRA Owners First Name | O | Os | 59 | 59 | Amortize | ||||||||||||||||||
Surviving Spouses First Name | S | Ss | 57 | 66 | Lump-Sum | ||||||||||||||||||
Last Name | Client | ||||||||||||||||||||||
Oldest Beneficiarys Name | C | Cs | 60 | NA | |||||||||||||||||||
Youngest Beneficiarys Name | GC | GCs | 15 | NA | |||||||||||||||||||
First Year of Analysis Year of IRA Owners Death | 2007 | ||||||||||||||||||||||
Federal Income Tax Rate | 3500 | ||||||||||||||||||||||
Federal Capital Gains Rate | 1500 | ||||||||||||||||||||||
State Income Tax Rate | 500 | ||||||||||||||||||||||
State Capital Gains Rate | 500 | ||||||||||||||||||||||
IRA Balance | $ 1000000 | ||||||||||||||||||||||
Outside Assets Balance | $ - 0 | ||||||||||||||||||||||
Growth Rate | 800 | ||||||||||||||||||||||
Turnover on Growth | 5000 | ||||||||||||||||||||||
5-Year Payout Option (IRA Owner lt 70) | Lump-Sum | ||||||||||||||||||||||
Denotes mandatory inputs |
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 3
Pre-Secure Law
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 4
Stretch Out IRAsldquoInheritedrdquo IRA
Objective Prolong IRA payments over longest possible period of time thus increasing wealth to future generations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 5
Pre-Secure Bill Distribution Flowchart
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 6
Stretch Out IRAsldquoInheritedrdquo IRA
bull An IRA is treated as ldquoinheritedrdquo if the individual for whose benefit the IRA is maintained acquired the IRA on account of the death of the original owner
bull Under Pre-Secure law the IRA assets could be distributed based upon the life expectancy of the beneficiary
IRC Sec 401(a)(9)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 7
Stretch Out IRAsldquoInheritedrdquo IRA
bull Two Strategiesndash Spousal Rolloverndash Inherited IRA
bull Advantages ndash Rollover delays RMD until spousersquos own RBDndash Inherited IRA provisions allow beneficiaryrsquos life
expectancy to be used for distributions after death of IRA owner
Both Still Available After the Secure Act
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 8
Stretch Out IRAsldquoInheritedrdquo IRA ndash Spousal Beneficiary ndash Rollover
bull Exception to Inherited IRA rulesbull Only available to surviving spousebull Allows spouse to roll over assets received as beneficiary to a
new IRA in hisher own namebull Spousersquos age used to determine when required minimum
distributions must beginbull Spouse may use the Uniform Lifetime Table to determine
distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 9
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
bull Scenariosndash Immediate distributionndash IRA payable to non-qualified beneficiary (five-year rule)ndash IRA payable to surviving spouse (no spousal rollover)ndash IRA payable to surviving spouse (spousal rollover)ndash IRA payable to childndash IRA payable to grandchild
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 10
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
bull Assumptionsndash IRA ownerrsquos age ndash 65ndash Spousersquos age ndash 60 ndash Childrsquos age ndash 35ndash Grandchildrsquos age ndash 10
ndash IRA balance ndash $1000000ndash Brokerage account balance ndash $0
ndash Pre-tax growth rate ndash 8ndash Ordinary income tax rate ndash 40ndash Capital gains tax rate ndash 20
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 11
Summary
YearImmediate Distribution
IRA Payable to Non-Qualified
Designated Beneficiary (ie
5-Year Rule)
IRA Payable to Surviving
Spouse (No Spousal Rollover)
IRA Payable to Surviving Spouse
(Spousal Rollover)
IRA Payable to Oldest Non-
Spousal Beneficiary
IRA Payable to Youngest Non-
Spousal Beneficiary
2007 643200$ 1080000$ 1080000$ 1080000$ 1080000$ 1080000$ 2011 849425$ 1469328$ 1469328$ 1469328$ 1423226$ 1433218$ 2016 1202539$ 1248084$ 1948200$ 2101979$ 2002522$ 2036421$ 2021 1702445$ 1766924$ 2537508$ 2943141$ 2805795$ 2885203$ 2026 2410166$ 2501450$ 3228176$ 4100369$ 3913063$ 4075163$ 2036 4830530$ 5013484$ 5410021$ 7820189$ 7488210$ 8046199$ 2046 9681500$ 10048183$ 10842933$ 14479672$ 13945755$ 15631736$
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 12
Summary ndash Year 30IRA Transfer to Family
(The Power of Deferral)
$4500000
$5000000
$5500000
$6000000
$6500000
$7000000
$7500000
$8000000
$8500000
Year 30
YearImmediate DistributionIRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule)IRA Payable to Surviving Spouse (No Spousal Rollover)IRA Payable to Surviving Spouse (Spousal Rollover)IRA Payable to Oldest Non-Spousal BeneficiaryIRA Payable to Youngest Non-Spousal Beneficiary
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 13
Understanding the Final 401(a)(9) Regulations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 14
401(a)(9) RegulationsFoundational Concepts ndash Required Beginning Date (RBD)
bull Required Beginning Date (RBD) Generally April 1 of the year following the year the owner turns age 70frac12
bull Once at RBD required minimum distributions (RMD) must occur every year by December 31st
THE SECURE ACTINCREASES THE RBD TO AGE 72
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 15
401(a)(9) RegulationsFoundational Concepts ndash Required Minimum
Distribution (RMD)bull RMDs are calculated based upon the aggregate
prior year ending account balance divided by the applicable life expectancy factor
Prior Year1231 Balance
Life Expectancy Factor
RMD =
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 16
Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor
0 824 16 669 32 514 48 360 64 218 80 102 96 381 816 17 660 33 504 49 351 65 210 81 97 97 362 806 18 650 34 494 50 342 66 202 82 91 98 343 797 19 640 35 485 51 333 67 194 83 86 99 314 787 20 630 36 475 52 323 68 186 84 81 100 295 777 21 621 37 465 53 314 69 178 85 76 101 276 767 22 611 38 456 54 305 70 170 86 71 102 257 758 23 601 39 446 55 296 71 163 87 67 103 238 748 24 591 40 436 56 287 72 155 88 63 104 219 738 25 582 41 427 57 279 73 148 89 59 105 1910 728 26 572 42 417 58 270 74 141 90 55 106 1711 718 27 562 43 407 59 261 75 134 91 52 107 1512 708 28 553 44 398 60 252 76 127 92 49 108 1413 699 29 543 45 388 61 244 77 121 93 46 109 1214 689 30 533 46 379 62 235 78 114 94 43 110 1115 679 31 524 47 370 63 227 79 108 95 41 111 10
401(a)(9) RegulationsFoundational Concepts
Single Life Table
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 17
401(a)(9) RegulationsFoundational Concepts ndash Pre-Secure Bill
Five-Year Rule
Death Before Required Beginning Date
Death On or After Required Beginning Date
Designated Beneficiary
Non-Designated Beneficiary
Ownerrsquos ldquoGhostrdquo Life Expectancy Rule
Life Expectancy Rule
Life Expectancy Rule
Both the Five-Year and ldquoGhostrdquo Life Expectancy appear to have survived the Secure ACT for non-designated beneficiaries
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 18
SECURE BILLKEY CHANGES
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 19
RMDs after Death
EFFECTIVE DATEDeaths which Occur After
123119
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 20
RMDs after Death
Basically requires all IRAs Roth IRAS and Qualified Plans to be distributed within 10-years
of death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 21
Age of (Oldest Trust) Beneficiary 40
IRA Balance 1000000$
Pre-Tax Growth Rate 600
After-Tax Growth Rate 475
Average Income Tax Rate - Life Expectancy Rule 2400
Average Income Tax Rate - Ten Year Rule 2800
Distributions Occur at Beginning or End of Period End
Lump-Sum Distribution or Amortize Payments Amortize
Ten-Year vs Life Expectancy
Example
RMDs after Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 22
Example
RMDs after Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 23
RMDs after Death
ndash Surviving Spousendash The employeersquos Children under the
age of majority (not grandchildren or any other children)
ndash Disabledndash Chronically illndash Individual not more than ten years
younger than employee
Exceptions from the 10-year Rule for certain beneficiaries (ldquoeligible designated beneficiaryrdquo)
sectsect 401(a)(2)(E)(ii)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 24
Secure Act Beneficiary RMD SummaryDraft
Tax Terminology Designated Non-Eligible Beneficiary
Surviving Spouse
Eligible Minor Child
Person Less Than 10 Years Younger
Disabled or Chronically Ill
Person
Outright Beneficiary
10-Year Rule Life Expectancy Rule
Life Expectancy Rule (Until Majority then 10-Year Rule)
Life Expectancy Rule
Life Expectancy Rule
Conduit Trust 10-Year Rule Life Expectancy Rule
Life Expectancy Rule (Until Majority then 10-Year Rule)
Life Expectancy Rule
Life Expectancy Rule
Designated Beneficiary Trust
10-Year Rule 10-Year Rule 10-Year Rule 10-Year Rule Life Expectancy Rule
Non-Designated Beneficiary Trust
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 25
Trusts for Disabled and Chronically Ill Beneficiaries
bull Life Expectancy Treatment is Available with a ldquoEligible Designated Beneficiary Trustrdquo
bull Need to Draft an Accumulation Trustbull Roth IRAs may work better due to
ndash The difference in the individual and trust tax ratesndash The ability to pay the income tax on conversion out of
nonqualified funds
bull Two trusts is advisable if the client has both a traditional IRA and a Roth IRA ndash this avoids ldquotrappingrdquo the taxable IRA income
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 26
Math of the Conduit Trust Disaster
bull A conduit (ldquosafendashhavenrdquo) trust requires all RMDs to be paid annually
bull This worked well under the life expectancy rules bull However it is a disaster under the 10-year rulebull In year ten the entire remaining IRA balance must be
paid to the beneficiary
IRA Trust Beneficiary$142387 $142387
Distribution Distribution
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 27
The Conduit Trust DisasterIllustrated
Years after RMDDeath Age Current Method Equal Schedule Full Deferral
0 30 $18762 $142378 $01 31 $20100 $142378 $02 32 $21535 $142378 $03 33 $23072 $142378 $04 34 $24720 $142378 $05 35 $26486 $142378 $06 36 $28379 $142378 $07 37 $30409 $142378 $08 38 $32584 $142378 $09 39 $34917 $142378 $0
10 40 $37417 $142378 $1967151
10-Year Rule Options
Assumes $1000000 IRA at death amp a 7 interest rate
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 28
Ten Year Rule - Roth vs Traditional IRA
bull If minimizing income taxation is the only concern Roth distributions after death should generally be deferred until the end of the Ten-Year period ndash ldquoThe Roth Reprieverdquo
bull Traditional IRA distributions will be tactically withdrawn to manage income tax rates
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 29
The Roth ReprieveRoth conversion example to illustrate the value of the ldquoRoth Reprieverdquo Consider the following
ndash 66 year-old IRA married owner who expects to live to 85ndash She can undertake a $100000 conversion within the 24
bracket to avoid confusing the driving factors of model assume all future taxable distributions from the IRA are subject to a 24 rate
ndash She pays the conversion tax without ldquooutside fundsrdquondash Assume a pre-tax rate of return of 6 and after tax-tax rate
of return of 5ndash Assume the 10-year rule deferral is taken advantage of in
full
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 30
The Roth Reprieve
Death
Final Distribution
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 31
Tax-Driven Beneficiary Designations
bull Utilize Spousal Rolloversbull Utilize Exception Beneficiariesbull Avoid the application of the Five-Year Rule with an
outright beneficiary or a Designated Beneficiary Trustbull Consider forcing the Ghost Life Expectancy Rule to
apply for clients aged 72 to 81
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 32
Tax-Driven Beneficiary Designations
bull Examples ndash Universal Assumptionsndash 6 pre-tax return ndash 5 after-tax return very conservative differencendash Distributions are subject to a 25 average tax rate ndash held
constant to avoid confusion regarding the changes provided by the new law
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 33
Tax-Driven Beneficiary Designations
bull Example 1ndash Consider a 76-year-old surviving spouse who expects to
live to age 85ndash What is the value of capturing the Spousal Rollover for a
$1000000 IRA
Spouse as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 34
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 35
Tax-Driven Beneficiary Designations
bull Example 1 ndash Lessonndash The exemption from the 10-year rule provides limited
additional valuendash A spousal rollover is still prudentndash This is because the Uniform Lifetime Table provides for a
longer life expectancy than the Single Life Table
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 36
Tax-Driven Beneficiary Designations
bull Example 2ndash Consider 40-year-old married doctors with a seven-year-
old childndash Assume the doctors have saved $300000 in their pre-tax
401ksndash Is it worthwhile to name their child as the IRA beneficiary
compared an ineligible beneficiary in case of accidental death
Minor Child as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 37
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 38
Tax-Driven Beneficiary Designations
bull Example 2 ndash Lessonndash The additional deferral provides significant value with timendash The RMDs required before reaching age 26 are relatively
smallndash The distributions required from ages 27-36 must be
managed and thought through to minimize negative tax and other life consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 39
Tax-Driven Beneficiary Designations
bull Example 3 - 1ndash Consider a 60 year-old surviving spouse and a 30 year old disabled
childndash Therersquos at least $1000000 in the deceased clientrsquos IRA beyond which
the surviving spouse never expects to need ndash Assume the surviving spousersquos life expectancy is 85 and the disabled
childrsquos is 55 (both expect to live 25 more years)ndash Compare naming the surviving spouse versus the child as beneficiary
Disabled Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 40
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 41
Tax-Driven Beneficiary Designations
bull Example 3 ndash 1 ndash Lessons ndash The example assumes the disabled child is expected to die at about of
the same age surviving spouse thereby eliminating the requirement for a multi-step analysis
ndash The Surviving Spouse is able to defer taking RMDs until age 72 thereby allowing that option to overcome the benefit of reduced RMDs for the disabled child
ndash Should the disabled child outlive the Surviving Spouse if the rollover option was used taking advantage of the disability exemption remains available and advisable
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 42
Tax-Driven Beneficiary Designations
bull Example 3 - 2ndash Consider the same example except with different agesndash Assume the surviving spouse is 76 and expects to live to 85ndash Assume the disabled child is 51 and expects to live to 60 ndash Both expect to live 9 more years
Disabled Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 43
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 44
Tax-Driven Beneficiary Designations
bull Example 3 ndash 2 ndash Lessons ndash The example assumes the disabled child is expected to die at about
the same age surviving spouse thereby eliminating the requirement for a multi-step analysis
ndash The benefit of the reduced RMDs for the disabled beneficiary allows for more wealth accumulation despite the equal life expectancies
ndash A disclaim plan might be prudent
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 45
Tax-Driven Beneficiary Designations
bull Example 4ndash Consider a client undertaking death-bed planning who would like to
leave $100000 to his chronically ill nephewndash Assume the nephew will be 70 when the client dies with a life
expectancy of two yearsndash Does this plan make sense
Chronically Ill Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 46
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 47
Tax-Driven Beneficiary Designations
bull Example 4 Lessonsndash The plan provides a nominal additional benefit because the IRA is
distributed over 2-3 additional years beyond what the 10-year rule allows
ndash However importantly ndash unlike under previous law ndash this plan does not decrease wealth transfer to the surviving family due to negative tax consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 48
Tax-Driven Beneficiary Designations
bull Example 5 -1ndash Consider a client who would like to leave $250000 to her younger
cousinndash The cousin is 9-years younger than the clientndash The cousin is 75 years-old and is expected to live to age 84ndash Does this plan make sense
Person Not More than 10-Years Younger as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 49
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 50
Tax-Driven Beneficiary Designations
bull Example 5-1 Lessonsndash The plan provides a some additional benefit because the IRA is
distributed over 9-10 additional years beyond what the 10-year rule allows
ndash However importantly ndash unlike under previous law ndash this plan does not decrease wealth transfer to the surviving family due to negative tax consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 51
Tax-Driven Beneficiary Designations
bull Example 5-2ndash Consider a 35-year old childless divorcee re-building his estate plan in
case of accidental deathndash Among other significant assets he has $150000 of assets in his 401k
and IRAsndash Does naming his youngest brother who is 27 as the designated
beneficiary make sense from a tax perspectivendash Assume his brother has a normal has a life expectancy of 85
Person Not More than 10-Years Younger as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 52
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 53
Tax-Driven Beneficiary Designations
bull Example 5-2 Lessonsndash The plan is excellent from a tax-perspective and provides a identical
ldquostretchrdquo available under previous law
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 54
Tax-Driven Beneficiary Designations
bull Example 6-1ndash Consider a 72-year-old who wants to leave her IRA to her only child
who is not an eligible designated beneficiaryndash You are debating whether to advise her to name an non-qualified
designated beneficiary or a qualified designated beneficiary to most efficiently transfer the funds
ndash Assume 6 pre-tax return and a 5 after-tax returnndash Assume the distributions are subject to a 25 average tax ratendash Which is better for her $1000000 IRA the ten-year rule or the
ldquoghostrdquo life expectancy rule
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 55
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 56
Tax-Driven Beneficiary Designations
bull Example 6-2ndash Now consider a similarly situated client who is age 87ndash Does the an non-qualified designated beneficiary named still make
sensendash Assume 6 pre-tax return and a 5 after-tax returnndash Assume the distributions are subject to a 25 average tax rate
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 57
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 58
Tax-Driven Beneficiary Designations
bull Examples 6 Lessonndash If the RMD factor is less than
ten can make sense to force the ghost life expectancy rule
ndash However the ldquoghostrdquo life expectancy rule forces RMDs annually whereas the ten-year rule does not Therefore the flexibility provided by the ten-year rule may reduce the income tax on distributions that the additional deferral cannot overcome
AgeCurrent LE
FactorProposed LE Factor
70 170 18771 163 17972 155 17173 148 16374 141 15675 134 14876 127 14077 121 13378 114 12679 108 11980 102 11281 97 10582 91 9983 86 9284 81 8685 76 81
Uniform Lifetime Table
Current LE Factor70717273747576777879808182838485868788899091929394959697989910010110210310410510610710810911011111211311411511611711811912027426525624723822922212203195187178999999999999991710000000000000116315514814113412712114108101999999999999999691868176716763595552490000000000000044542393734312926242119Proposed LE Factor707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120291282273264255246237228219212021931839999999999999917600000000000001168161521441361291211141081019589830000000000000077873686459565249000000000000004459999999999999964340999999999999996393735343231329282725229999999999999982
Age
Life Expectancy
Single LifeTable
Current LE Factor01234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191208248159999999999999480599999999999994797787777767758748738728718708699000000000000066890000000000000667900000000000006669000000000000066665646362161160159158257256255354353352451450449448547546545644643642741740700000000000003397999999999999973879999999999999737937363513420000000000000333299999999999997322999999999999973143052962872792726125224423522721821202193999999999999991860000000000000117817163155148141134127121114108101999999999999999699999999999999391868176716763595552490000000000000044599999999999999643409999999999999963836343129272522999999999999998211917151412110000000000000011Proposed LE Factor0123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120845837827817808798788778768758748738728719000000000000067090000000000000669900000000000006689000000000000066790000000000000666900000000000006666564636261160159158257256255354353452451450549548647646645744743842841840939939383713613520000000000000334299999999999997332999999999999973243153062972882792712622532452362282221220399999999999999195187178999999999999991710000000000000116315614814133126119112105999199999999999999386817576661575349000000000000004459999999999999964239373432328262522999999999999998220000000000000022121212222195714285714286193571428571428991914285714285709918181614110000000000000011
Age
Life Expectancy
Additional Wealth Accumulated due to Proposed New Table
70717273747576777879808182838485868788899091929394959697989910010110210310410510610710810911011111211311411511611711811912002430581684119533776844724757829681161963892853120342844670049378182744965357302967459663361085896613089320101287749130312597393411076628165381620135670532118670123412273826619769607358612328828881924226884001841431376291448110285563156945724838772150222267466495391831268787899337757844489123351568089798110479916674755514119556765757072721353880634861020415223683035608381170136284358287231889958870677556820869936890574638229107424491117712500571084541920627153140055886472935116973971342731580204455252737
Age
Life Expectancy
Additional Wealth Accumulated due to Proposed New Table
4041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889900120149358606431633806070045125670780381013455218635141469190747244282240918299600016333131457654014234665301492535509263348882020730525836331562304403631079626096788561136840609552571551708213817202718921051464841319248256590673736692413097857542951591337090819621887058440844824481080295205680757167749161114373197187677137393601422663882963353060660884960225899107614531107048248851066512717766058207955145624456054260951662457955510867818926111315059476214910497149117292434567042906396127518742262004409310417834259383383494935479421168639279399949176237440736463405182594937808930474240355243593588466756617266706691216686889053661022335376806654433529824855572014647834952395551009066410597612685480621117943841645556512984063768994622138855832599338141452946870391108115184436847423762158678050286680461658186036634445217328044329513609
Age
Life Expectancy
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 59
PLANNING SOLUTIONS TO ANALYZE
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 60
Solutions to AnalyzeOverview
bull Roth conversionsbull Designated Beneficiary - multi-generational spray trustsbull Spousal rollovers and the new spousal rollover trapbull IRAs to CRTsbull IRA trusts for state income tax savingsbull IRA relocation to life insurancebull Life insurance to offset increased tax-risk of early deathbull Naming a charity as a beneficiarybull Avoiding the Five-Year Rulebull Avoiding or using the ldquoGhost Rulerdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 61
Robert S Keebler CPAPFS MST AEP Secure Act Protocol FLOWCHART
Does the Client Wish to Enhance
Wealth Transfer
Explore CRT or Direct Charity
Gifts
Is the Client Charitably Inclined
Explore Insurance Options
Explore Roth Conversion Options
Yes
Yes
No
Explore Eligible Beneficiaries
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 62
Solutions After the Secure Act
Roth ConversionsA Lifetime Conversions by Plan Owner
B Death-Time Conversions by Plan Ownerrsquos Family
C Spousal Rollover Followed by a Roth Conversion
Spousal Rollover StrategiesA Traditional IRA to Spouse ndash 100 Rollover
B Traditional IRA to Spouse ndash X Disclaimer1) Result Deferral until RBD followed by 10-year payout2) Result Children begin a 10-year payout followed by an additional 10 years at the second death
Charitable Remainder TrustsA Death-Time Payment to CRT ndash Spouse
B Death-Time Payment to CRT - Children
Life Insurance ldquoRelocationrdquoA Acquire Life Insurance in ILIT on Plan Owner
B Acquire Life Insurance in ILIT on Spouse
C Acquire Life Insurance in ILIT Second to Die
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 63
THE NEW SPOUSAL ROLLOVER TRAP
Deceased Spouse ChildrenSurviving
Spouse
Old Best Practice
Spousal Rollover
ldquoInheritedrdquoIRA
IRC sect 408
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 64
THE NEW SPOUSAL ROLLOVER TRAP
Old Best Practice amp the New Spousal Rollover Trap
First Death
8 Years 10 Years
Lifetime RMDs
10-Year Rule Distributions
Second Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 65
THE NEW SPOUSAL ROLLOVER TRAP
Deceased Spouse ChildrenSurviving
Spouse
Potential New Best Practice
Spousal Rollover
ldquoInheritedrdquoIRA
ldquoInheritedrdquoIRA
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 66
THE NEW SPOUSAL ROLLOVER TRAP
Potential New Best Practice
First Death
Second Death
8 Years 10 Years
LifetimeRMDs
10-Year Rule Distributions10-Year Rule Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 67
ROTH CONVERSIONSAs it relates to the new 10-year rule the purpose of Roth Conversions is to spread distributions over many
years and lower brackets
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 68
2020 Tax Brackets
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 69
100 100 100
120120
150
220
220
240
240250
280
320
320
330
350
350
350
370
370396
$-
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2017 2020 2020Married Married Single
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 70
Taxation of Roth IRA Distributions
Distribution within 5 years Distribution beyond 5 years
Age lt 59frac12
Age ge 59frac12
Income Tax Yes (earnings only)
10 Penalty Yes (earnings amp taxable portion of prior conversion amounts)
Income Tax Yes (earnings only)
10 Penalty Yes (earnings only)
Income Tax Yes (earnings only)
10 Penalty No
Income Tax No
10 Penalty No
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 71
Mathematics of Roth IRA Conversions
bull In simplest terms a traditional IRA will produce the same after-tax result as a Roth IRA provided thatndash The annual growth rates are the samendash The tax rate in the conversion year is the
same as the tax rate during the withdrawal years (ie A x B x C = D A x C x B = D)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 72
Mathematics of Roth IRA Conversions
Traditional IRA Roth IRA Life InsuranceCurrent Account Balance 1000000$ 1000000$ 1000000$ Less Income Taxes 40 - (400000) (400000) Net Balance 1000000$ 600000$ 600000$
Growth Until Death 30000 30000 30000
Account Balance Death 3000000$ 1800000$ 1800000$ Less Income Taxes 40 (1200000) - - Net Account Balance to Family 1800000$ 1800000$ 1800000$
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 73
Mathematics of Roth IRA Conversions
bull Critical decision factorsndash Tax rate differential (year of conversion vs withdrawal
years)ndash Use of ldquooutside fundsrdquo to pay the income tax liabilityndash Need for IRA funds to meet annual living expensesndash No RMDsndash Tax-free post-mortem distributionsndash Time horizonndash Estate tax considerationsndash Ten Year ldquoRoth Coastrdquo period
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 74
Mathematics of Roth IRA Conversions
Deferral Beyond the RBD
Using Outside Funds to Pay Conversion Tax
Tax Rate Arbitrage
10-Year Post-mortem Tax-free GrowthldquoRoth Coast Periodrdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 75
Mathematics of Roth IRA Conversions
bull The key to successful Roth IRA conversions is usually to avoid large jumps in brackets (eg converting at a 32 when distributions will likely be subject to a 24 rate will often be ineffective)
bull Although brackets are the primary consideration there are others capital gains AMT NIIT 199A etc
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 76
Mathematics of Roth IRA Conversions
10 tax bracket
12 tax bracket
22 tax bracket
24 tax bracket
32 tax bracket
35 tax bracket
Current taxable income
Example of a possible ldquooptimumrdquo conversion amount
37 tax bracket
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 77
10 tax bracket
15 tax bracket
25 tax bracket
28 tax bracket
33 tax bracket
35 tax bracket
396 tax bracket
10 tax bracket
12 tax bracket
22 tax bracket
24 tax bracket
32 tax bracket
35 tax bracket
37 tax bracket
Target Roth IRA conversion range for most ldquomiddle incomerdquo taxpayers
Black steps = Current lawRed steps = Pre-TCJA (which the tax law reverts to in 2026)
Mathematics of Roth IRA Conversions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 78
Mathematics of Roth IRA Conversions
bull Tactical considerationsndash Unused charitable contribution carryoversndash Current year ordinary lossesndash Net Operating Loss (NOL) carryovers ndash Alternative Minimum Tax (AMT) creditsndash Other credit carryovers
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 79
Estate Tax Considerationsbull ldquoMissingrdquo IRC sect691(c) deduction
ndash When a taxpayer dies with an item of Income in Respect of a Decedent (IRD) such as a traditional IRA in hisher taxable estate the estate (andor its beneficiaries) must not only pay estate tax on the IRD but also pay income tax on the IRD
ndash To prevent double-taxation of IRD the federal income tax law allows an income tax deduction (on IRS Form 1040 Schedule A) for federal estate taxes paid on IRD
ndash This is typically known as the ldquoIRC sect691(c) deductionrdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 80
Estate Tax Considerations
bull ldquoMissingrdquo IRC sect691(c) deductionndash The dilemma with the IRC sect691(c) deduction
is that it only is available for federal estate taxes paid on IRD not state deathestate taxes
ndash Thus the state deathestate tax portion is subject to tax twice (ie ldquomissingrdquo IRC sect691(c) deduction)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 81
Estate Tax Considerations
bull ldquoMissingrdquo IRC sect691(c) deduction exampleTraditional
IRA Roth IRAIRA balance 1000000$ 1000000$ Less Federal and state income taxes on Roth IRA conversion (40) - (400000) Taxable Estate 1000000$ 600000$
Federal estate tax (35) 350000$ 210000$ State death tax (10) 100000 60000 Total estate taxes 450000$ 270000$
Post-death traditional IRA balance 1000000$ Less IRC sect691(c) deduction (350000) Post-death traditional IRA balance subject to income tax 650000$
Federal and state income taxes on IRA distributions (40) 260000$ -$
Net IRA balance to beneficiaries 290000$ 330000$
Reconciliation $100000 state death tax x 40 post-death income tax rate = $40000 (double-tax component) OR$400000 income tax on conversion x 10 state death tax rate = $40000 (estate tax savings)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 82
Estate Tax Considerations
bull ldquoFadingrdquo IRC sect691(c) deductionndash Another dilemma with the IRC sect691(c)
deduction is that it is only calculated on the value of the IRD at the time of death
ndash Thus post-death appreciation is not sheltered against income tax by the IRC sect691 deduction resulting in additional income tax being incurred (ie ldquofadingrdquo IRC sect691(c) deduction)
Frozen-in-Time
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 83
Estate Tax Considerationsbull ldquoFadingrdquo IRC sect691(c) deduction example
No Planning
Roth IRA Conversion
at DeathTraditional IRA balance at death 1000000$ 1000000$ Less IRC sect691(c) deduction - (450000) Taxable portion of Roth IRA conversion 1000000$ 550000$
Federal and state income taxes on Roth IRA conversion (40) -$ 220000$
IRA balance available for future distributions 1000000$ 780000$
Total future IRA distributions 2000000$ 1560000$ Less IRC sect691(c) deduction (450000) - Less Amounts not subject to income tax - (1560000) Taxable portion of future IRA distributions 1550000$ -$
Federal and state income taxes on future IRA distributions (40) 620000$ -$
After-tax total future IRA distributions 1380000$ 1560000$
Reconciliation $1560000 - $1380000 = $180000 OR $620000 future income tax liability - $440000 future value of income tax liability on Roth IRA conversion (ie $220000 x 2)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 84
ROTH CONVERSIONS
10 12 22 24 32 35 37
10 000 -004 -024 -028 -043 -049 -053
12 004 000 -020 -024 -039 -045 -049
22 024 020 000 -004 -020 -026 -030
24 028 024 004 000 -016 -022 -026
32 043 039 020 016 000 -006 -010
35 049 045 026 022 006 000 -004
37 053 049 030 026 010 004 000
Rate Conversion
Rate
D
istr
ibut
ion
bull 10-year analysis periodbull 7 rate of returnbull Tax paid from
retirement accountbull RMDs do not start
within period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 85
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of returnbull Tax paid from retirement
accountbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -004 -024 -028 -043 -049 -053
15 010 006 -014 -018 -033 -039 -043
25 030 026 006 002 -014 -020 -024
28 035 031 012 008 -008 -014 -018
33 045 041 022 018 002 -004 -008
35 049 045 026 022 006 000 -004
396 058 054 035 031 015 009 005
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 86
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of returnbull Tax paid from
retirement accountbull RMDs do not start
within period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -008 -046 -054 -085 -097 -104
12 008 000 -039 -046 -077 -089 -097
22 046 039 000 -008 -039 -050 -058
24 054 046 008 000 -031 -043 -050
32 085 077 039 031 000 -012 -019
35 097 089 050 043 012 000 -008
37 104 097 058 050 019 008 000
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 87
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of returnbull Tax paid from retirement
accountbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -008 -046 -054 -085 -097 -104
15 019 012 -027 -035 -066 -077 -085
25 058 050 012 004 -027 -039 -046
28 070 062 023 015 -015 -027 -035
33 089 081 043 035 004 -008 -015
35 097 089 050 043 012 000 -008
396 115 107 068 060 029 018 010
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 88
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 003 -001 -018 -021 -035 -040 -044
12 007 003 -014 -017 -031 -036 -040
22 026 023 006 002 -011 -017 -020
24 030 027 010 006 -007 -013 -016
32 046 042 025 022 008 003 000
35 052 048 031 028 014 009 006
37 056 052 035 032 018 013 010
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 89
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 003 -001 -018 -021 -035 -040 -044
15 012 009 -008 -011 -025 -030 -034
25 032 029 012 008 -005 -011 -014
28 038 035 018 014 000 -005 -008
33 048 044 027 024 010 005 002
35 052 048 031 028 014 009 006
396 061 057 040 037 023 018 015
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 90
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 010 004 -025 -031 -055 -063 -069
12 017 011 -018 -024 -047 -056 -062
22 056 050 021 015 -008 -017 -023
24 064 058 029 023 000 -009 -015
32 095 089 060 054 030 022 016
35 106 100 071 065 042 033 027
37 114 108 079 073 050 041 035
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 91
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 010 004 -025 -031 -055 -063 -069
15 029 023 -006 -012 -035 -044 -050
25 068 062 033 027 003 -005 -011
28 079 073 044 038 015 006 000
33 099 093 064 058 034 026 020
35 106 100 071 065 042 033 027
396 124 118 089 083 060 051 045
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 92
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with inside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 005 001 -021 -025 -042 -048 -052
12 009 005 -016 -021 -037 -044 -048
22 029 025 004 000 -017 -023 -027
24 033 029 008 004 -013 -019 -023
32 050 046 025 020 004 -003 -007
35 056 052 031 027 010 003 -001
37 060 056 035 031 014 008 003
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 93
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with inside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 034 025 -016 -024 -058 -070 -078
12 041 033 -009 -017 -050 -062 -071
22 079 070 029 021 -012 -025 -033
24 086 078 037 028 -005 -017 -025
32 116 108 067 058 025 013 005
35 128 119 078 070 037 024 016
37 135 127 086 077 044 032 023
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 94
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 008 004 -014 -017 -032 -037 -041
12 012 008 -010 -013 -028 -033 -037
22 032 029 011 007 -007 -013 -016
24 037 033 015 011 -003 -009 -012
32 053 049 031 028 013 008 004
35 059 055 037 034 019 014 010
37 063 060 042 038 024 018 015
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 95
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 044 038 007 001 -024 -033 -039
12 052 046 015 009 -016 -025 -031
22 089 083 052 046 022 012 006
24 097 091 060 054 029 020 014
32 127 121 090 084 059 050 044
35 138 132 101 095 071 061 055
37 146 140 109 103 078 069 063
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 96
MULTI-GENERATION SPRAY TRUST
As it relates to the new 10-year rule the purpose of using a spraytrust is to spread income across a large number of taxpayersthereby lowering the effective rate and to retain the ability toaccumulate income as prudent
WARNING Donrsquot forget about the ldquokiddierdquo tax
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 97
General Trust Tax Rules
bull Income taxed to either the trust or the beneficiariesndash If income is accumulated then the income is taxed
to the trustestate ndash If income is distributed then the trustestate gets
an income tax deduction and beneficiaries report taxable income
ndash IRC sect sect(661-663)
Foundational Concepts
Consider how Rothrsquos are taxed
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 98
2020 Ordinary Income Tax Rates for Estates amp TrustsFoundational Concepts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 99
bull Charitable Remainder Trust (CRT)
Donor
Charity(Remainder Beneficiary)
IRA
Donor receives an immediate income tax deduction for present value of the remainder
interest (must be at least 10 of the value of the
assets originally contributed)
At the end of the trust term the charity receives the residual assets
Annual (or more frequent) payments for life (or a term
of years)CRT
Charitable Remainder TrustsOverview
Child(Income Beneficiary)
Warning Charitable
Intent Required
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 100
bull Charitable Remainder Annuity Trust (CRAT)ndash The beneficiaries receive a fixed percentage of the initial trust value or
a stated amount annually or more frequentlyndash The amount paid doesnrsquot change from year to yearndash The annual payment must be 5-50 of the fair market value of the
assets at the time of contributionndash The term of the annuity can be
bull For a term up to 20 yearsbull Over the life of the annuitant(s) bull Over the shorter of the two orbull Over the longer of the two
ndash Run the Exhaustion Testndash 10 Charitable Remainder Test
Charitable Remainder TrustsTypes of CRTs
WarningA CRAT generally requires a greater Charitable Intent because of the exhaustion
Test
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 101
bull Charitable Remainder Unitrust (CRUT)ndash Income beneficiaries receive a stated percentage of the trustrsquos assets
revalued each yearbull The distribution will vary from year-to-year depending on the investment
performance of the trust assets and the amount withdrawn
bull 10 Charitable Remainder Testbull Life or term-of-years
Charitable Remainder TrustsTypes of CRTs
IRA Charitable Remainder Trust
Beneficiary or Trust fbo a Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 102
Charitable Remainder TrustAccumulation Trust ndash CRUT Combination
Consider an out of state accumulation trust as a beneficiary of the CRT
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 103
bull The character of income received by the recipient is subject to and controlled by the tier rules of IRC sect664(b)ndash First distributions are taxed as ordinary incomendash Second distributions are taxed as capital gainsndash Third distributions are taxed as tax-exempt income (eg
municipal bond income)ndash Finally distributions are assumed to be the non-taxable
return of principal
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 104
Tier 1 Tier 2 Tier 3 Tier 4
STEP 1Current Ordinary Income
STEP 2Accumulated
Ordinary Income
STEP 4Accumulated Capital Gains
STEP 3Current
Capital Gains
STEP 5Current Tax-
Exempt Income
STEP 6Accumulated Tax-Exempt
Income
STEP 7Return of Capital
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 105
bull Traditional IRA Distributions are Tier I Incomebull Interest Earned on post-distribution investment
portfolio is Tier I Incomebull Qualified Dividends earned on post-distribution
investment portfolio is Tier II Incomebull Long-Term Capital Gains earned on post distribution
portfolio is Tier II Incomebull IRA Basis is Tier IV return of capital
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 106
Charitable Remainder TrustsExample
bull Assumptionsndash 50-year old beneficiaryndash 6 rate of return 2 yield 4 growthndash 10 turnover ratendash Tax rates 37 on immediate distribution 32 5-
year distribution 24 10-year distribution 22 lifetime distribution amp all CRT models
ndash May 2019 interest rates
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 107
Charitable Remainder TrustsExample
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 108
Charitable Remainder TrustsExample
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 109
State Income Tax Planning
bull Review State Law of the IRA Ownerndash Will the home state tax the out of state IRA Trustndash Does the home state have a throwback rule
bull Design a beneficiary form to be payable to non-grantor trust in states with no income tax
bull The payments ldquotrappedrdquo in the trust will avoid state income taxes (watch out for throwback)
IRA Nevada Designated Beneficiary IRA Trust Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 110
State Income Tax Planning
httpswwwoshinscomstate-rankings-charts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 111
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 112
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 113
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 114
Secure ActLife Insurance Strategies
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 115
Life Insurance
bull Four Strategiesndash IRA Roth Conversion Hedgendash IRA Relocation
bull Policy on Ownerbull Policy on Spousebull Second-to-die policy
- Income Tax Replacement- Roth Conversion
Subsequent to Ownerrsquos Death by spouse
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 116
Itrsquos a Balancing Act hellipBet to Live Bet to Die
Life Insurance ndash Roth Hedge
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 117
Life Insurance ndash Roth Hedge
bull The 10-year rule creates new actuarial risk of early deathndash Under current law qualified accounts can be drawn-down
over decades after death capturing deferral and virtually assuring bracket arbitrage
ndash However a 10-year distribution requirement will unfairly tax those who die when their savings peak around retirement age or shortly thereafter
ndash Life insurance could however offset this risk that family wealth will be lost to tax
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 118
Life Insurance ndash Roth Hedge
bull Roth conversions will be the primary way in which those with large IRAs avoid exposure to higher income tax rates after deathndash However the effectiveness of this strategy
increases with timendash A life insurance policy equal to the difference
between the theoretical terminal tax and the terminal tax in the event of early death would offset this risk
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 119
Life Insurance ndash Roth Hedge
bull Examplendash Mary is a 60-year old divorcee and has $2000000
in her qualified plansndash Maryrsquos accountant projects her retirement tax-
rate to be no greater than 24 with opportunities to undertake Roth Conversions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 120
Life Insurance ndash Roth Hedge
bull Example (cont)ndash With the stretch RMDs to her only child would
generally be subject to a 22-24 ratendash However with a 10-year rule about 50 of
amortized distributions would be subject to a 32 rate
ndash Maryrsquos simple tax-risk of early death is about $80000 [$2000000 x 50 x (32 - 24)]
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 121
Life Insurance ndash Roth Hedge
bull Example (cont)ndash A more complex calculation could also consider
the value of the loss of the qualified accounts Terminal Tax Deferral Tax-free Compounding of Yield No Roth RMDs During LifePost-mortem Roth Earnings
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 122
Life Insurance ndash Roth Hedgebull Note that the tax-cost of early death will
decrease with age for many peopleAv
erag
e Ra
te S
prea
d
Time
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 123
Life Insurance ndash Roth Hedge
bull Therefore a policy structure with a declining death benefit would best offset the risk
bull A whole or universal life product with a term rider may therefore be the best fit
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 124
Life Insurance ndash Relocation
bull The basic theory is that Roth Conversions will generally produce the same tax deferral result as a permanent life insurance policy
bull Therefore using IRA distributions to fund premium payments can sometimes make sensendash Often works for those with excessive RMDs and high tax rates (basic
minimal funding until RMDs begin possible)ndash Often works for those who may be subject to an estate taxndash Can work in other situations
IRA IRA Owner ILITDistribution Annual
Gifts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 125
Traditional IRA Roth IRA Life InsuranceCurrent Account Balance 1000000$ 1000000$ 1000000$ Less Income Taxes 40 - (400000) (400000) Net Balance 1000000$ 600000$ 600000$
Growth Until Death 30000 30000 30000
Account Balance Death 3000000$ 1800000$ 1800000$ Less Income Taxes 40 (1200000) - - Net Account Balance to Family 1800000$ 1800000$ 1800000$
Life Insurance ndash Relocation
The mathematical theory is similar to a Roth conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 126
Income Tax Replacement
bull Simple Approach ndash Single person or married couplendash Project value at time of deathndash Acquire insurance to equal the future income taxndash Manage Tax Brackets over the ten year post-mortem
withdrawal period
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 127
Roth Conversion Subsequent to Ownerrsquos Death by surviving spouse
bull Determine the likely IRA value at first spousersquos death
bull Acquire Insurance to pay the Roth conversion taxes at first spousersquos death
bull Conversions over 1-11 years
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 128
AppendixCharitable Planning with IRAs at Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 129
bull Available Options to Transfer IRD Assets to Charityndash Name a Charity as the Beneficiary of the IRAndash Specific Bequest of IRD Assets to Charity under a Willndash Power of Executor to make a non-pro rata Distribution to
Residuary Beneficiariesndash Assignment of IRD to charity to satisfy a Pecuniary Bequestndash Recognition of income with sect 642(c) Charitable Deductionndash Recognition of income without sect 642(c) Charitable
Deduction
Charitable Planning with IRAsBasic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 130
sect 642(c)(1) General rule
In the case of an estate or trust there shall be allowed as a deduction in computing its taxable income any amount of the gross income without limitation which pursuant to the terms of the governing instrument is during the taxable year paid for a purpose specified in section 170(c)
Charitable Planning with IRAsBasic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 131
sect 642(c)(2) Amounts permanently set aside
There shall also be allowed as a deduction in computing its taxable income any amount of the gross income without limitation which pursuant to the terms of the governing instrument is during the taxable year permanently set aside for a purpose specified in section 170(c)
Applies only to estates ndash not to trusts funded later than 1969See the remainder of the statute for details
Charitable Planning with IRAs Basic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 132
To be added to our IRA update newsletter
please visit
keeblerandassociatescomspeaking
Traditional IRA | Roth IRA | Life Insurance | |||||
Current Account Balance | $ 1000000 | $ 1000000 | $ 1000000 | ||||
Less Income Taxes 40 | - 0 | (400000) | (400000) | ||||
Net Balance | $ 1000000 | $ 600000 | $ 600000 | ||||
Growth Until Death | 30000 | 30000 | 30000 | ||||
Account Balance Death | $ 3000000 | $ 1800000 | $ 1800000 | ||||
Less Income Taxes 40 | (1200000) | - 0 | - 0 | ||||
Net Account Balance to Family | $ 1800000 | $ 1800000 | $ 1800000 |
No Planning | Roth IRA Conversion at Death | ||||
Traditional IRA balance at death | $ 1000000 | $ 1000000 | |||
Less IRC sect691(c) deduction | - 0 | (450000) | |||
Taxable portion of Roth IRA conversion | $ 1000000 | $ 550000 | |||
Federal and state income taxes on Roth IRA conversion (40) | $ - 0 | $ 220000 | |||
IRA balance available for future distributions | $ 1000000 | $ 780000 | |||
Total future IRA distributions | $ 2000000 | $ 1560000 | |||
Less IRC sect691(c) deduction | (450000) | - 0 | |||
Less Amounts not subject to income tax | - 0 | (1560000) | |||
Taxable portion of future IRA distributions | $ 1550000 | $ - 0 | |||
Federal and state income taxes on future IRA distributions (40) | $ 620000 | $ - 0 | |||
After-tax total future IRA distributions | $ 1380000 | $ 1560000 |
Traditional IRA | Roth IRA | ||||
IRA balance | $ 1000000 | $ 1000000 | |||
Less Federal and state income taxes on Roth IRA conversion (40) | - 0 | (400000) | |||
Taxable Estate | $ 1000000 | $ 600000 | |||
Federal estate tax (35) | $ 350000 | $ 210000 | |||
State death tax (10) | 100000 | 60000 | |||
Total estate taxes | $ 450000 | $ 270000 | |||
Post-death traditional IRA balance | $ 1000000 | ||||
Less IRC sect691(c) deduction | (350000) | ||||
Post-death traditional IRA balance subject to income tax | $ 650000 | ||||
Federal and state income taxes on IRA distributions (40) | $ 260000 | $ - 0 | |||
Net IRA balance to beneficiaries | $ 290000 | $ 330000 |
Traditional IRA | Roth IRA | Life Insurance | |||||
Current Account Balance | $ 1000000 | $ 1000000 | $ 1000000 | ||||
Less Income Taxes 40 | - 0 | (400000) | (400000) | ||||
Net Balance | $ 1000000 | $ 600000 | $ 600000 | ||||
Growth Until Death | 30000 | 30000 | 30000 | ||||
Account Balance Death | $ 3000000 | $ 1800000 | $ 1800000 | ||||
Less Income Taxes 40 | (1200000) | - 0 | - 0 | ||||
Net Account Balance to Family | $ 1800000 | $ 1800000 | $ 1800000 |
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
40 | 436 | $ 1000000 | $ 60000 | $ (22936) | $ 1037064 | $ - 0 | $ - 0 | $ 17431 | $ 17431 | $ (248895) | $ 805600 | |||||||||||||||||
41 | 426 | $ 1037064 | $ 62224 | $ (24344) | $ 1074944 | $ 17431 | $ 784 | $ 18502 | $ 36717 | $ (257987) | $ 853675 | |||||||||||||||||
42 | 416 | $ 1074944 | $ 64497 | $ (25840) | $ 1113600 | $ 36717 | $ 1652 | $ 19638 | $ 58008 | $ (267264) | $ 904344 | |||||||||||||||||
43 | 406 | $ 1113600 | $ 66816 | $ (27429) | $ 1152988 | $ 58008 | $ 2610 | $ 20846 | $ 81464 | $ (276717) | $ 957735 | |||||||||||||||||
44 | 396 | $ 1152988 | $ 69179 | $ (29116) | $ 1193051 | $ 81464 | $ 3666 | $ 22128 | $ 107258 | $ (286332) | $ 1013977 | |||||||||||||||||
45 | 386 | $ 1193051 | $ 71583 | $ (30908) | $ 1233726 | $ 107258 | $ 4827 | $ 23490 | $ 135575 | $ (296094) | $ 1073207 | |||||||||||||||||
46 | 376 | $ 1233726 | $ 74024 | $ (32812) | $ 1274938 | $ 135575 | $ 6101 | $ 24937 | $ 166613 | $ (305985) | $ 1135565 | |||||||||||||||||
47 | 366 | $ 1274938 | $ 76496 | $ (34834) | $ 1316600 | $ 166613 | $ 7498 | $ 26474 | $ 200584 | $ (315984) | $ 1201200 | |||||||||||||||||
48 | 356 | $ 1316600 | $ 78996 | $ (36983) | $ 1358613 | $ 200584 | $ 9026 | $ 28107 | $ 237718 | $ (326067) | $ 1270263 | |||||||||||||||||
49 | 346 | $ 1358613 | $ 81517 | $ (39266) | $ 1400863 | $ 237718 | $ 10697 | $ 29842 | $ 278257 | $ (336207) | $ 1342913 | |||||||||||||||||
50 | 336 | $ 1400863 | $ 84052 | $ (41692) | $ 1443223 | $ 278257 | $ 12522 | $ 31686 | $ 322465 | $ (346373) | $ 1419314 | |||||||||||||||||
51 | 326 | $ 1443223 | $ 86593 | $ (44271) | $ 1485546 | $ 322465 | $ 14511 | $ 33646 | $ 370622 | $ (356531) | $ 1499636 | |||||||||||||||||
52 | 316 | $ 1485546 | $ 89133 | $ (47011) | $ 1527667 | $ 370622 | $ 16678 | $ 35728 | $ 423028 | $ (366640) | $ 1584055 | |||||||||||||||||
53 | 306 | $ 1527667 | $ 91660 | $ (49924) | $ 1569404 | $ 423028 | $ 19036 | $ 37942 | $ 480006 | $ (376657) | $ 1672753 | |||||||||||||||||
54 | 296 | $ 1569404 | $ 94164 | $ (53020) | $ 1610547 | $ 480006 | $ 21600 | $ 40295 | $ 541902 | $ (386531) | $ 1765918 | |||||||||||||||||
55 | 286 | $ 1610547 | $ 96633 | $ (56313) | $ 1650867 | $ 541902 | $ 24386 | $ 42798 | $ 609085 | $ (396208) | $ 1863745 | |||||||||||||||||
56 | 276 | $ 1650867 | $ 99052 | $ (59814) | $ 1690105 | $ 609085 | $ 27409 | $ 45459 | $ 681953 | $ (405625) | $ 1966433 | |||||||||||||||||
57 | 266 | $ 1690105 | $ 101406 | $ (63538) | $ 1727974 | $ 681953 | $ 30688 | $ 48289 | $ 760930 | $ (414714) | $ 2074190 | |||||||||||||||||
58 | 256 | $ 1727974 | $ 103678 | $ (67499) | $ 1764153 | $ 760930 | $ 34242 | $ 51299 | $ 846471 | $ (423397) | $ 2187227 | |||||||||||||||||
59 | 246 | $ 1764153 | $ 105849 | $ (71714) | $ 1798289 | $ 846471 | $ 38091 | $ 54502 | $ 939064 | $ (431589) | $ 2305764 | |||||||||||||||||
60 | 236 | $ 1798289 | $ 107897 | $ (76199) | $ 1829988 | $ 939064 | $ 42258 | $ 57911 | $ 1039233 | $ (439197) | $ 2430024 | |||||||||||||||||
61 | 226 | $ 1829988 | $ 109799 | $ (80973) | $ 1858814 | $ 1039233 | $ 46765 | $ 61539 | $ 1147538 | $ (446115) | $ 2560237 | |||||||||||||||||
62 | 216 | $ 1858814 | $ 111529 | $ (86056) | $ 1884287 | $ 1147538 | $ 51639 | $ 65403 | $ 1264580 | $ (452229) | $ 2696638 | |||||||||||||||||
63 | 206 | $ 1884287 | $ 113057 | $ (91470) | $ 1905874 | $ 1264580 | $ 56906 | $ 69517 | $ 1391003 | $ (457410) | $ 2839467 | |||||||||||||||||
64 | 196 | $ 1905874 | $ 114352 | $ (97238) | $ 1922988 | $ 1391003 | $ 62595 | $ 73901 | $ 1527500 | $ (461517) | $ 2988970 | |||||||||||||||||
65 | 186 | $ 1922988 | $ 115379 | $ (103386) | $ 1934980 | $ 1527500 | $ 68737 | $ 78574 | $ 1674811 | $ (464395) | $ 3145396 | |||||||||||||||||
66 | 176 | $ 1934980 | $ 116099 | $ (109942) | $ 1941137 | $ 1674811 | $ 75366 | $ 83556 | $ 1833733 | $ (465873) | $ 3308998 | |||||||||||||||||
67 | 166 | $ 1941137 | $ 116468 | $ (116936) | $ 1940669 | $ 1833733 | $ 82518 | $ 88871 | $ 2005123 | $ (465761) | $ 3480031 | |||||||||||||||||
68 | 156 | $ 1940669 | $ 116440 | $ (124402) | $ 1932708 | $ 2005123 | $ 90231 | $ 94545 | $ 2189899 | $ (463850) | $ 3658756 | |||||||||||||||||
69 | 146 | $ 1932708 | $ 115962 | $ (132377) | $ 1916293 | $ 2189899 | $ 98545 | $ 100607 | $ 2389051 | $ (459910) | $ 3845433 | |||||||||||||||||
70 | 136 | $ 1916293 | $ 114978 | $ (140904) | $ 1890367 | $ 2389051 | $ 107507 | $ 107087 | $ 2603645 | $ (453688) | $ 4040324 | |||||||||||||||||
71 | 126 | $ 1890367 | $ 113422 | $ (150029) | $ 1853760 | $ 2603645 | $ 117164 | $ 114022 | $ 2834831 | $ (444902) | $ 4243688 | |||||||||||||||||
72 | 116 | $ 1853760 | $ 111226 | $ (159807) | $ 1805178 | $ 2834831 | $ 127567 | $ 121453 | $ 3083852 | $ (433243) | $ 4455787 | |||||||||||||||||
73 | 106 | $ 1805178 | $ 108311 | $ (170300) | $ 1743189 | $ 3083852 | $ 138773 | $ 129428 | $ 3352053 | $ (418365) | $ 4676877 | |||||||||||||||||
74 | 96 | $ 1743189 | $ 104591 | $ (181582) | $ 1666198 | $ 3352053 | $ 150842 | $ 138002 | $ 3640898 | $ (399888) | $ 4907208 | |||||||||||||||||
75 | 86 | $ 1666198 | $ 99972 | $ (193744) | $ 1572426 | $ 3640898 | $ 163840 | $ 147245 | $ 3951984 | $ (377382) | $ 5147028 | |||||||||||||||||
76 | 76 | $ 1572426 | $ 94346 | $ (206898) | $ 1459874 | $ 3951984 | $ 177839 | $ 157243 | $ 4287065 | $ (350370) | $ 5396569 | |||||||||||||||||
77 | 66 | $ 1459874 | $ 87592 | $ (221193) | $ 1326273 | $ 4287065 | $ 192918 | $ 168107 | $ 4648090 | $ (318306) | $ 5656058 | |||||||||||||||||
78 | 56 | $ 1326273 | $ 79576 | $ (236834) | $ 1169015 | $ 4648090 | $ 209164 | $ 179994 | $ 5037248 | $ (280564) | $ 5925700 | |||||||||||||||||
79 | 46 | $ 1169015 | $ 70141 | $ (254134) | $ 985022 | $ 5037248 | $ 226676 | $ 193142 | $ 5457066 | $ (236405) | $ 6205683 | |||||||||||||||||
80 | 36 | $ 985022 | $ 59101 | $ (273617) | $ 770506 | $ 5457066 | $ 245568 | $ 207949 | $ 5910583 | $ (184921) | $ 6496168 | |||||||||||||||||
81 | 26 | $ 770506 | $ 46230 | $ (296349) | $ 520388 | $ 5910583 | $ 265976 | $ 225225 | $ 6401784 | $ (124893) | $ 6797279 | |||||||||||||||||
82 | 16 | $ 520388 | $ 31223 | $ (325243) | $ 226369 | $ 6401784 | $ 288080 | $ 247184 | $ 6937049 | $ (54329) | $ 7109089 | |||||||||||||||||
83 | 10 | $ 226369 | $ 13582 | $ (226369) | $ 13582 | $ 6937049 | $ 312167 | $ 172040 | $ 7421256 | $ (3260) | $ 7431579 | |||||||||||||||||
84 | 10 | $ 13582 | $ 815 | -135821278287923 | $ 815 | $ 7421256 | $ 333957 | $ 10322 | $ 7765535 | $ (196) | $ 7766155 | |||||||||||||||||
85 | 10 | $ 815 | $ 49 | $ (815) | $ 49 | $ 7765535 | $ 349449 | $ 619 | $ 8115604 | $ (12) | $ 8115641 | |||||||||||||||||
86 | 10 | $ 49 | $ 3 | $ (49) | $ 3 | $ 8115604 | $ 365202 | $ 37 | $ 8480843 | $ (1) | $ 8480845 | |||||||||||||||||
87 | 10 | $ 3 | $ 0 | $ (3) | $ 0 | $ 8480843 | $ 381638 | $ 2 | $ 8862483 | $ (0) | $ 8862483 | |||||||||||||||||
88 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 8862483 | $ 398812 | $ 0 | $ 9261295 | $ (0) | $ 9261295 | |||||||||||||||||
89 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9261295 | $ 416758 | $ 0 | $ 9678054 | $ (0) | $ 9678054 | |||||||||||||||||
90 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9678054 | $ 435512 | $ 0 | $ 10113566 | $ (0) | $ 10113566 | |||||||||||||||||
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
40 | 457 | $ 1000000 | $ 60000 | $ (21882) | $ 1038118 | $ - 0 | $ - 0 | $ 16630 | $ 16630 | $ (249148) | $ 805600 | $ - 0 | ||||||||||||||||
41 | 447 | $ 1038118 | $ 62287 | $ (23224) | $ 1077181 | $ 16630 | $ 748 | $ 17650 | $ 35029 | $ (258523) | $ 853687 | $ 12 | ||||||||||||||||
42 | 437 | $ 1077181 | $ 64631 | $ (24649) | $ 1117163 | $ 35029 | $ 1576 | $ 18734 | $ 55339 | $ (268119) | $ 904382 | $ 38 | ||||||||||||||||
43 | 427 | $ 1117163 | $ 67030 | $ (26163) | $ 1158029 | $ 55339 | $ 2490 | $ 19884 | $ 77713 | $ (277927) | $ 957815 | $ 80 | ||||||||||||||||
44 | 417 | $ 1158029 | $ 69482 | $ (27770) | $ 1199741 | $ 77713 | $ 3497 | $ 21106 | $ 102316 | $ (287938) | $ 1014118 | $ 141 | ||||||||||||||||
45 | 407 | $ 1199741 | $ 71984 | $ (29478) | $ 1242247 | $ 102316 | $ 4604 | $ 22403 | $ 129323 | $ (298139) | $ 1073431 | $ 224 | ||||||||||||||||
46 | 397 | $ 1242247 | $ 74535 | $ (31291) | $ 1285491 | $ 129323 | $ 5820 | $ 23781 | $ 158923 | $ (308518) | $ 1135897 | $ 331 | ||||||||||||||||
47 | 387 | $ 1285491 | $ 77129 | $ (33217) | $ 1329404 | $ 158923 | $ 7152 | $ 25245 | $ 191320 | $ (319057) | $ 1201667 | $ 467 | ||||||||||||||||
48 | 377 | $ 1329404 | $ 79764 | $ (35263) | $ 1373905 | $ 191320 | $ 8609 | $ 26800 | $ 226729 | $ (329737) | $ 1270897 | $ 633 | ||||||||||||||||
49 | 367 | $ 1373905 | $ 82434 | $ (37436) | $ 1418904 | $ 226729 | $ 10203 | $ 28451 | $ 265383 | $ (340537) | $ 1343750 | $ 836 | ||||||||||||||||
50 | 357 | $ 1418904 | $ 85134 | $ (39745) | $ 1464293 | $ 265383 | $ 11942 | $ 30206 | $ 307532 | $ (351430) | $ 1420394 | $ 1080 | ||||||||||||||||
51 | 347 | $ 1464293 | $ 87858 | $ (42199) | $ 1509952 | $ 307532 | $ 13839 | $ 32071 | $ 353441 | $ (362388) | $ 1501005 | $ 1368 | ||||||||||||||||
52 | 337 | $ 1509952 | $ 90597 | $ (44806) | $ 1555743 | $ 353441 | $ 15905 | $ 34052 | $ 403399 | $ (373378) | $ 1585763 | $ 1708 | ||||||||||||||||
53 | 327 | $ 1555743 | $ 93345 | $ (47576) | $ 1601511 | $ 403399 | $ 18153 | $ 36158 | $ 457710 | $ (384363) | $ 1674858 | $ 2105 | ||||||||||||||||
54 | 317 | $ 1601511 | $ 96091 | $ (50521) | $ 1647081 | $ 457710 | $ 20597 | $ 38396 | $ 516702 | $ (395299) | $ 1768484 | $ 2566 | ||||||||||||||||
55 | 307 | $ 1647081 | $ 98825 | $ (53651) | $ 1692255 | $ 516702 | $ 23252 | $ 40775 | $ 580729 | $ (406141) | $ 1866843 | $ 3098 | ||||||||||||||||
56 | 297 | $ 1692255 | $ 101535 | $ (56978) | $ 1736812 | $ 580729 | $ 26133 | $ 43303 | $ 650165 | $ (416835) | $ 1970142 | $ 3709 | ||||||||||||||||
57 | 287 | $ 1736812 | $ 104209 | $ (60516) | $ 1780505 | $ 650165 | $ 29257 | $ 45992 | $ 725415 | $ (427321) | $ 2078598 | $ 4408 | ||||||||||||||||
58 | 277 | $ 1780505 | $ 106830 | $ (64278) | $ 1823057 | $ 725415 | $ 32644 | $ 48851 | $ 806910 | $ (437534) | $ 2192433 | $ 5206 | ||||||||||||||||
59 | 267 | $ 1823057 | $ 109383 | $ (68279) | $ 1864161 | $ 806910 | $ 36311 | $ 51892 | $ 895113 | $ (447399) | $ 2311875 | $ 6111 | ||||||||||||||||
60 | 257 | $ 1864161 | $ 111850 | $ (72535) | $ 1903475 | $ 895113 | $ 40280 | $ 55127 | $ 990520 | $ (456834) | $ 2437161 | $ 7137 | ||||||||||||||||
61 | 247 | $ 1903475 | $ 114209 | $ (77064) | $ 1940620 | $ 990520 | $ 44573 | $ 58568 | $ 1093662 | $ (465749) | $ 2568533 | $ 8296 | ||||||||||||||||
62 | 237 | $ 1940620 | $ 116437 | $ (81883) | $ 1975175 | $ 1093662 | $ 49215 | $ 62231 | $ 1205107 | $ (474042) | $ 2706240 | $ 9602 | ||||||||||||||||
63 | 227 | $ 1975175 | $ 118510 | $ (87012) | $ 2006673 | $ 1205107 | $ 54230 | $ 66129 | $ 1325466 | $ (481602) | $ 2850538 | $ 11070 | ||||||||||||||||
64 | 217 | $ 2006673 | $ 120400 | $ (92473) | $ 2034600 | $ 1325466 | $ 59646 | $ 70280 | $ 1455392 | $ (488304) | $ 3001688 | $ 12718 | ||||||||||||||||
65 | 207 | $ 2034600 | $ 122076 | $ (98290) | $ 2058386 | $ 1455392 | $ 65493 | $ 74700 | $ 1595585 | $ (494013) | $ 3159958 | $ 14562 | ||||||||||||||||
66 | 197 | $ 2058386 | $ 123503 | $ (104487) | $ 2077403 | $ 1595585 | $ 71801 | $ 79410 | $ 1746796 | $ (498577) | $ 3325622 | $ 16625 | ||||||||||||||||
67 | 187 | $ 2077403 | $ 124644 | $ (111091) | $ 2090956 | $ 1746796 | $ 78606 | $ 84429 | $ 1909831 | $ (501829) | $ 3498958 | $ 18926 | ||||||||||||||||
68 | 177 | $ 2090956 | $ 125457 | $ (118133) | $ 2098280 | $ 1909831 | $ 85942 | $ 89781 | $ 2085555 | $ (503587) | $ 3680248 | $ 21491 | ||||||||||||||||
69 | 167 | $ 2098280 | $ 125897 | $ (125646) | $ 2098531 | $ 2085555 | $ 93850 | $ 95491 | $ 2274895 | $ (503648) | $ 3869779 | $ 24346 | ||||||||||||||||
70 | 157 | $ 2098531 | $ 125912 | $ (133664) | $ 2090779 | $ 2274895 | $ 102370 | $ 101585 | $ 2478851 | $ (501787) | $ 4067842 | $ 27519 | ||||||||||||||||
71 | 147 | $ 2090779 | $ 125447 | $ (142230) | $ 2073996 | $ 2478851 | $ 111548 | $ 108095 | $ 2698493 | $ (497759) | $ 4274730 | $ 31042 | ||||||||||||||||
72 | 137 | $ 2073996 | $ 124440 | $ (151387) | $ 2047049 | $ 2698493 | $ 121432 | $ 115054 | $ 2934979 | $ (491292) | $ 4490737 | $ 34949 | ||||||||||||||||
73 | 127 | $ 2047049 | $ 122823 | $ (161185) | $ 2008687 | $ 2934979 | $ 132074 | $ 122501 | $ 3189554 | $ (482085) | $ 4716156 | $ 39279 | ||||||||||||||||
74 | 117 | $ 2008687 | $ 120521 | $ (171683) | $ 1957525 | $ 3189554 | $ 143530 | $ 130479 | $ 3463563 | $ (469806) | $ 4951282 | $ 44074 | ||||||||||||||||
75 | 107 | $ 1957525 | $ 117452 | $ (182946) | $ 1892031 | $ 3463563 | $ 155860 | $ 139039 | $ 3758462 | $ (454087) | $ 5196406 | $ 49378 | ||||||||||||||||
76 | 97 | $ 1892031 | $ 113522 | $ (195055) | $ 1810498 | $ 3758462 | $ 169131 | $ 148242 | $ 4075835 | $ (434519) | $ 5451813 | $ 55244 | ||||||||||||||||
77 | 87 | $ 1810498 | $ 108630 | $ (208103) | $ 1711024 | $ 4075835 | $ 183413 | $ 158158 | $ 4417406 | $ (410646) | $ 5717784 | $ 61727 | ||||||||||||||||
78 | 77 | $ 1711024 | $ 102661 | $ (222211) | $ 1591475 | $ 4417406 | $ 198783 | $ 168880 | $ 4785069 | $ (381954) | $ 5994590 | $ 68891 | ||||||||||||||||
79 | 67 | $ 1591475 | $ 95488 | $ (237534) | $ 1449430 | $ 4785069 | $ 215328 | $ 180526 | $ 5180923 | $ (347863) | $ 6282490 | $ 76807 | ||||||||||||||||
80 | 57 | $ 1449430 | $ 86966 | $ (254286) | $ 1282110 | $ 5180923 | $ 233142 | $ 193257 | $ 5607322 | $ (307706) | $ 6581725 | $ 85557 | ||||||||||||||||
81 | 47 | $ 1282110 | $ 76927 | $ (272789) | $ 1086247 | $ 5607322 | $ 252329 | $ 207320 | $ 6066971 | $ (260699) | $ 6892519 | $ 95240 | ||||||||||||||||
82 | 37 | $ 1086247 | $ 65175 | $ (293580) | $ 857842 | $ 6066971 | $ 273014 | $ 223121 | $ 6563106 | $ (205882) | $ 7215065 | $ 105976 | ||||||||||||||||
83 | 27 | $ 857842 | $ 51470 | $ (317719) | $ 591593 | $ 6563106 | $ 295340 | $ 241467 | $ 7099912 | $ (141982) | $ 7549523 | $ 117944 | ||||||||||||||||
84 | 17 | $ 591593 | $ 35496 | $ (347996) | $ 279093 | $ 7099912 | $ 319496 | $ 264477 | $ 7683885 | $ (66982) | $ 7895995 | $ 129841 | ||||||||||||||||
85 | 10 | $ 279093 | $ 16746 | $ (279093) | $ 16746 | $ 7683885 | $ 345775 | $ 212110 | $ 8241770 | $ (4019) | $ 8254497 | $ 138856 | ||||||||||||||||
86 | 10 | $ 16746 | $ 1005 | $ (16746) | $ 1005 | $ 8241770 | $ 370880 | $ 12727 | $ 8625376 | $ (241) | $ 8626140 | $ 145295 | ||||||||||||||||
87 | 10 | $ 1005 | $ 60 | $ (1005) | $ 60 | $ 8625376 | $ 388142 | $ 764 | $ 9014282 | $ (14) | $ 9014328 | $ 151844 | ||||||||||||||||
88 | 10 | $ 60 | $ 4 | $ (60) | $ 4 | $ 9014282 | $ 405643 | $ 46 | $ 9419971 | $ (1) | $ 9419973 | $ 158678 | ||||||||||||||||
89 | 10 | $ 4 | $ 0 | $ (4) | $ 0 | $ 9419971 | $ 423899 | $ 3 | $ 9843872 | $ (0) | $ 9843872 | $ 165819 | ||||||||||||||||
90 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9843872 | $ 442974 | $ 0 | $ 10286846 | $ (0) | $ 10286846 | $ 173280 |
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
70 | 274 | $ 1000000 | $ 60000 | $ (36496) | $ 1023504 | $ - 0 | $ - 0 | $ 27737 | $ 27737 | $ (245641) | $ 805600 | |||||||||||||||||
71 | 265 | $ 1023504 | $ 61410 | $ (38623) | $ 1046291 | $ 27737 | $ 1248 | $ 29353 | $ 58339 | $ (251110) | $ 853520 | |||||||||||||||||
72 | 256 | $ 1046291 | $ 62777 | $ (40871) | $ 1068198 | $ 58339 | $ 2625 | $ 31062 | $ 92026 | $ (256367) | $ 903856 | |||||||||||||||||
73 | 247 | $ 1068198 | $ 64092 | $ (43247) | $ 1089043 | $ 92026 | $ 4141 | $ 32868 | $ 129035 | $ (261370) | $ 956707 | |||||||||||||||||
74 | 238 | $ 1089043 | $ 65343 | $ (45758) | $ 1108627 | $ 129035 | $ 5807 | $ 34776 | $ 169617 | $ (266071) | $ 1012174 | |||||||||||||||||
75 | 229 | $ 1108627 | $ 66518 | $ (48412) | $ 1126733 | $ 169617 | $ 7633 | $ 36793 | $ 214043 | $ (270416) | $ 1070360 | |||||||||||||||||
76 | 220 | $ 1126733 | $ 67604 | $ (51215) | $ 1143122 | $ 214043 | $ 9632 | $ 38924 | $ 262598 | $ (274349) | $ 1131371 | |||||||||||||||||
77 | 212 | $ 1143122 | $ 68587 | $ (53921) | $ 1157789 | $ 262598 | $ 11817 | $ 40980 | $ 315395 | $ (277869) | $ 1195314 | |||||||||||||||||
78 | 203 | $ 1157789 | $ 69467 | $ (57034) | $ 1170222 | $ 315395 | $ 14193 | $ 43346 | $ 372934 | $ (280853) | $ 1262302 | |||||||||||||||||
79 | 195 | $ 1170222 | $ 70213 | $ (60011) | $ 1180424 | $ 372934 | $ 16782 | $ 45609 | $ 435324 | $ (283302) | $ 1332446 | |||||||||||||||||
80 | 187 | $ 1180424 | $ 70825 | $ (63124) | $ 1188125 | $ 435324 | $ 19590 | $ 47974 | $ 502888 | $ (285150) | $ 1405863 | |||||||||||||||||
81 | 179 | $ 1188125 | $ 71288 | $ (66376) | $ 1193037 | $ 502888 | $ 22630 | $ 50446 | $ 575964 | $ (286329) | $ 1482672 | |||||||||||||||||
82 | 171 | $ 1193037 | $ 71582 | $ (69768) | $ 1194851 | $ 575964 | $ 25918 | $ 53024 | $ 654906 | $ (286764) | $ 1562993 | |||||||||||||||||
83 | 163 | $ 1194851 | $ 71691 | $ (73304) | $ 1193238 | $ 654906 | $ 29471 | $ 55711 | $ 740088 | $ (286377) | $ 1646949 | |||||||||||||||||
84 | 155 | $ 1193238 | $ 71594 | $ (76983) | $ 1187849 | $ 740088 | $ 33304 | $ 58507 | $ 831899 | $ (285084) | $ 1734664 | |||||||||||||||||
85 | 148 | $ 1187849 | $ 71271 | $ (80260) | $ 1178860 | $ 831899 | $ 37435 | $ 60998 | $ 930332 | $ (282926) | $ 1826266 | |||||||||||||||||
86 | 141 | $ 1178860 | $ 70732 | $ (83607) | $ 1165985 | $ 930332 | $ 41865 | $ 63541 | $ 1035738 | $ (279836) | $ 1921887 | |||||||||||||||||
87 | 134 | $ 1165985 | $ 69959 | $ (87014) | $ 1148930 | $ 1035738 | $ 46608 | $ 66130 | $ 1148477 | $ (275743) | $ 2021664 | |||||||||||||||||
88 | 127 | $ 1148930 | $ 68936 | $ (90467) | $ 1127399 | $ 1148477 | $ 51681 | $ 68755 | $ 1268913 | $ (270576) | $ 2125736 | |||||||||||||||||
89 | 120 | $ 1127399 | $ 67644 | $ (93950) | $ 1101093 | $ 1268913 | $ 57101 | $ 71402 | $ 1397416 | $ (264262) | $ 2234247 | |||||||||||||||||
90 | 114 | $ 1101093 | $ 66066 | $ (96587) | $ 1070571 | $ 1397416 | $ 62884 | $ 73406 | $ 1533706 | $ (256937) | $ 2347340 | |||||||||||||||||
91 | 108 | $ 1070571 | $ 64234 | $ (99127) | $ 1035679 | $ 1533706 | $ 69017 | $ 75337 | $ 1678059 | $ (248563) | $ 2465175 | |||||||||||||||||
92 | 102 | $ 1035679 | $ 62141 | $ (101537) | $ 996282 | $ 1678059 | $ 75513 | $ 77168 | $ 1830740 | $ (239108) | $ 2587915 | |||||||||||||||||
93 | 96 | $ 996282 | $ 59777 | $ (103779) | $ 952280 | $ 1830740 | $ 82383 | $ 78872 | $ 1991996 | $ (228547) | $ 2715729 | |||||||||||||||||
94 | 91 | $ 952280 | $ 57137 | $ (104646) | $ 904770 | $ 1991996 | $ 89640 | $ 79531 | $ 2161167 | $ (217145) | $ 2848792 | |||||||||||||||||
95 | 86 | $ 904770 | $ 54286 | $ (105206) | $ 853851 | $ 2161167 | $ 97253 | $ 79956 | $ 2338376 | $ (204924) | $ 2987303 | |||||||||||||||||
96 | 81 | $ 853851 | $ 51231 | $ (105414) | $ 799668 | $ 2338376 | $ 105227 | $ 80114 | $ 2523717 | $ (191920) | $ 3131465 | |||||||||||||||||
97 | 76 | $ 799668 | $ 47980 | $ (105219) | $ 742429 | $ 2523717 | $ 113567 | $ 79967 | $ 2717251 | $ (178183) | $ 3281497 | |||||||||||||||||
98 | 71 | $ 742429 | $ 44546 | $ (104567) | $ 682407 | $ 2717251 | $ 122276 | $ 79471 | $ 2918999 | $ (163778) | $ 3437628 | |||||||||||||||||
99 | 67 | $ 682407 | $ 40944 | $ (101852) | $ 621500 | $ 2918999 | $ 131355 | $ 77407 | $ 3127761 | $ (149160) | $ 3600101 | |||||||||||||||||
100 | 63 | $ 621500 | $ 37290 | $ (98651) | $ 560139 | $ 3127761 | $ 140749 | $ 74975 | $ 3343485 | $ (134433) | $ 3769191 | |||||||||||||||||
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
70 | 291 | $ 1000000 | $ 60000 | $ (34364) | $ 1025636 | $ - 0 | $ - 0 | $ 26117 | $ 26117 | $ (246153) | $ 805600 | $ - 0 | ||||||||||||||||
71 | 282 | $ 1025636 | $ 61538 | $ (36370) | $ 1050804 | $ 26117 | $ 1175 | $ 27641 | $ 54933 | $ (252193) | $ 853544 | $ 24 | ||||||||||||||||
72 | 273 | $ 1050804 | $ 63048 | $ (38491) | $ 1075361 | $ 54933 | $ 2472 | $ 29253 | $ 86658 | $ (258087) | $ 903933 | $ 77 | ||||||||||||||||
73 | 264 | $ 1075361 | $ 64522 | $ (40733) | $ 1099149 | $ 86658 | $ 3900 | $ 30957 | $ 121515 | $ (263796) | $ 956869 | $ 162 | ||||||||||||||||
74 | 255 | $ 1099149 | $ 65949 | $ (43104) | $ 1121994 | $ 121515 | $ 5468 | $ 32759 | $ 159743 | $ (269279) | $ 1012458 | $ 284 | ||||||||||||||||
75 | 246 | $ 1121994 | $ 67320 | $ (45610) | $ 1143705 | $ 159743 | $ 7188 | $ 34663 | $ 201594 | $ (274489) | $ 1070810 | $ 450 | ||||||||||||||||
76 | 237 | $ 1143705 | $ 68622 | $ (48258) | $ 1164069 | $ 201594 | $ 9072 | $ 36676 | $ 247342 | $ (279377) | $ 1132034 | $ 663 | ||||||||||||||||
77 | 228 | $ 1164069 | $ 69844 | $ (51056) | $ 1182858 | $ 247342 | $ 11130 | $ 38802 | $ 297274 | $ (283886) | $ 1196246 | $ 932 | ||||||||||||||||
78 | 219 | $ 1182858 | $ 70971 | $ (54012) | $ 1199817 | $ 297274 | $ 13377 | $ 41049 | $ 351701 | $ (287956) | $ 1263562 | $ 1260 | ||||||||||||||||
79 | 210 | $ 1199817 | $ 71989 | $ (57134) | $ 1214672 | $ 351701 | $ 15827 | $ 43422 | $ 410949 | $ (291521) | $ 1334100 | $ 1654 | ||||||||||||||||
80 | 202 | $ 1214672 | $ 72880 | $ (60132) | $ 1227420 | $ 410949 | $ 18493 | $ 45701 | $ 475143 | $ (294581) | $ 1407982 | $ 2119 | ||||||||||||||||
81 | 193 | $ 1227420 | $ 73645 | $ (63597) | $ 1237469 | $ 475143 | $ 21381 | $ 48334 | $ 544858 | $ (296992) | $ 1485334 | $ 2662 | ||||||||||||||||
82 | 184 | $ 1237469 | $ 74248 | $ (67254) | $ 1244463 | $ 544858 | $ 24519 | $ 51113 | $ 620489 | $ (298671) | $ 1566281 | $ 3288 | ||||||||||||||||
83 | 176 | $ 1244463 | $ 74668 | $ (70708) | $ 1248423 | $ 620489 | $ 27922 | $ 53738 | $ 702149 | $ (299621) | $ 1650951 | $ 4002 | ||||||||||||||||
84 | 168 | $ 1248423 | $ 74905 | $ (74311) | $ 1249017 | $ 702149 | $ 31597 | $ 56476 | $ 790222 | $ (299764) | $ 1739475 | $ 4811 | ||||||||||||||||
85 | 160 | $ 1249017 | $ 74941 | $ (78064) | $ 1245895 | $ 790222 | $ 35560 | $ 59328 | $ 885111 | $ (299015) | $ 1831990 | $ 5725 | ||||||||||||||||
86 | 152 | $ 1245895 | $ 74754 | $ (81967) | $ 1238682 | $ 885111 | $ 39830 | $ 62295 | $ 987235 | $ (297284) | $ 1928633 | $ 6747 | ||||||||||||||||
87 | 144 | $ 1238682 | $ 74321 | $ (86020) | $ 1226983 | $ 987235 | $ 44426 | $ 65375 | $ 1097036 | $ (294476) | $ 2029543 | $ 7879 | ||||||||||||||||
88 | 136 | $ 1226983 | $ 73619 | $ (90219) | $ 1210383 | $ 1097036 | $ 49367 | $ 68567 | $ 1214969 | $ (290492) | $ 2134860 | $ 9123 | ||||||||||||||||
89 | 129 | $ 1210383 | $ 72623 | $ (93828) | $ 1189177 | $ 1214969 | $ 54674 | $ 71309 | $ 1340952 | $ (285403) | $ 2244727 | $ 10480 | ||||||||||||||||
90 | 121 | $ 1189177 | $ 71351 | $ (98279) | $ 1162249 | $ 1340952 | $ 60343 | $ 74692 | $ 1475987 | $ (278940) | $ 2359296 | $ 11956 | ||||||||||||||||
91 | 114 | $ 1162249 | $ 69735 | $ (101952) | $ 1130032 | $ 1475987 | $ 66419 | $ 77483 | $ 1619890 | $ (271208) | $ 2478714 | $ 13539 | ||||||||||||||||
92 | 108 | $ 1130032 | $ 67802 | $ (104633) | $ 1093202 | $ 1619890 | $ 72895 | $ 79521 | $ 1772305 | $ (262368) | $ 2603139 | $ 15224 | ||||||||||||||||
93 | 101 | $ 1093202 | $ 65592 | $ (108238) | $ 1050556 | $ 1772305 | $ 79754 | $ 82261 | $ 1934320 | $ (252133) | $ 2732742 | $ 17014 | ||||||||||||||||
94 | 95 | $ 1050556 | $ 63033 | $ (110585) | $ 1003004 | $ 1934320 | $ 87044 | $ 84044 | $ 2105409 | $ (240721) | $ 2867692 | $ 18900 | ||||||||||||||||
95 | 89 | $ 1003004 | $ 60180 | $ (112697) | $ 950488 | $ 2105409 | $ 94743 | $ 85650 | $ 2285802 | $ (228117) | $ 3008172 | $ 20870 | ||||||||||||||||
96 | 83 | $ 950488 | $ 57029 | $ (114517) | $ 893000 | $ 2285802 | $ 102861 | $ 87033 | $ 2475696 | $ (214320) | $ 3154376 | $ 22911 | ||||||||||||||||
97 | 78 | $ 893000 | $ 53580 | $ (114487) | $ 832093 | $ 2475696 | $ 111406 | $ 87010 | $ 2674112 | $ (199702) | $ 3306503 | $ 25006 | ||||||||||||||||
98 | 73 | $ 832093 | $ 49926 | $ (113985) | $ 768033 | $ 2674112 | $ 120335 | $ 86629 | $ 2881076 | $ (184328) | $ 3464781 | $ 27153 | ||||||||||||||||
99 | 68 | $ 768033 | $ 46082 | $ (112946) | $ 701169 | $ 2881076 | $ 129648 | $ 85839 | $ 3096564 | $ (168281) | $ 3629452 | $ 29351 | ||||||||||||||||
100 | 64 | $ 701169 | $ 42070 | $ (109558) | $ 633682 | $ 3096564 | $ 139345 | $ 83264 | $ 3319173 | $ (152084) | $ 3800771 | $ 31580 |
Age | Current LE Factor | Proposed LE Factor | ||||
0 | 824 | 845 | ||||
1 | 816 | 837 | ||||
2 | 806 | 827 | ||||
3 | 797 | 817 | ||||
4 | 787 | 808 | ||||
5 | 777 | 798 | ||||
6 | 767 | 788 | ||||
7 | 758 | 778 | ||||
8 | 748 | 768 | ||||
9 | 738 | 758 | ||||
10 | 728 | 748 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
11 | 718 | 738 | ||||
12 | 708 | 728 | ||||
13 | 699 | 719 | ||||
14 | 689 | 709 | ||||
15 | 679 | 699 | ||||
16 | 669 | 689 | ||||
17 | 660 | 679 | ||||
18 | 650 | 669 | ||||
19 | 640 | 660 | ||||
20 | 630 | 650 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
21 | 621 | 640 | ||||
22 | 611 | 630 | ||||
23 | 601 | 620 | ||||
24 | 591 | 611 | ||||
25 | 582 | 601 | ||||
26 | 572 | 591 | ||||
27 | 562 | 582 | ||||
28 | 553 | 572 | ||||
29 | 543 | 562 | ||||
30 | 533 | 553 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
31 | 524 | 543 | ||||
32 | 514 | 534 | ||||
33 | 504 | 524 | ||||
34 | 494 | 514 | ||||
35 | 485 | 505 | ||||
36 | 475 | 495 | ||||
37 | 465 | 486 | ||||
38 | 456 | 476 | ||||
39 | 446 | 466 | ||||
40 | 436 | 457 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
41 | 427 | 447 | ||||
42 | 417 | 438 | ||||
43 | 407 | 428 | ||||
44 | 398 | 418 | ||||
45 | 388 | 409 | ||||
46 | 379 | 399 | ||||
47 | 370 | 390 | ||||
48 | 360 | 380 | ||||
49 | 351 | 371 | ||||
50 | 342 | 361 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
51 | 333 | 352 | ||||
52 | 323 | 343 | ||||
53 | 314 | 333 | ||||
54 | 305 | 324 | ||||
55 | 296 | 315 | ||||
56 | 287 | 306 | ||||
57 | 279 | 297 | ||||
58 | 270 | 288 | ||||
59 | 261 | 279 | ||||
60 | 252 | 271 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
61 | 244 | 262 | ||||
62 | 235 | 253 | ||||
63 | 227 | 245 | ||||
64 | 218 | 236 | ||||
65 | 210 | 228 | ||||
66 | 202 | 220 | ||||
67 | 194 | 212 | ||||
68 | 186 | 204 | ||||
69 | 178 | 195 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
70 | 170 | 187 | ||||
71 | 163 | 179 | ||||
72 | 155 | 171 | ||||
73 | 148 | 163 | ||||
74 | 141 | 156 | ||||
75 | 134 | 148 | ||||
76 | 127 | 140 | ||||
77 | 121 | 133 | ||||
78 | 114 | 126 | ||||
79 | 108 | 119 | ||||
80 | 102 | 112 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
81 | 97 | 105 | ||||
82 | 91 | 99 | ||||
83 | 86 | 92 | ||||
84 | 81 | 86 | ||||
85 | 76 | 81 | ||||
86 | 71 | 75 | ||||
87 | 67 | 70 | ||||
88 | 63 | 66 | ||||
89 | 59 | 61 | ||||
90 | 55 | 57 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
91 | 52 | 53 | ||||
92 | 49 | 49 | ||||
93 | 46 | 46 | ||||
94 | 43 | 42 | ||||
95 | 41 | 39 | ||||
96 | 38 | 37 | ||||
97 | 36 | 34 | ||||
98 | 34 | 32 | ||||
99 | 31 | 30 | ||||
100 | 29 | 28 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
101 | 27 | 26 | ||||
102 | 25 | 25 | ||||
103 | 23 | 23 | ||||
104 | 21 | 22 | ||||
105 | 19 | 21 | ||||
106 | 17 | 21 | ||||
107 | 15 | 21 | ||||
108 | 14 | 20 | ||||
109 | 12 | 20 | ||||
110 | 11 | 20 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
111 | 10 | 20 | ||||
112 | 20 | |||||
113 | 19 | |||||
114 | 19 | |||||
115 | 18 | |||||
116 | 18 | |||||
117 | 16 | |||||
118 | 14 | |||||
119 | 11 | |||||
120 | 10 |
Age | Current LE Factor | Proposed LE Factor | ||||
70 | 274 | 291 | ||||
71 | 265 | 282 | ||||
72 | 256 | 273 | ||||
73 | 247 | 264 | ||||
74 | 238 | 255 | ||||
75 | 229 | 246 | ||||
76 | 220 | 237 | ||||
77 | 212 | 228 | ||||
78 | 203 | 219 | ||||
79 | 195 | 210 | ||||
80 | 187 | 202 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
81 | 179 | 193 | ||||
82 | 171 | 184 | ||||
83 | 163 | 176 | ||||
84 | 155 | 168 | ||||
85 | 148 | 160 | ||||
86 | 141 | 152 | ||||
87 | 134 | 144 | ||||
88 | 127 | 136 | ||||
89 | 120 | 129 | ||||
90 | 114 | 121 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
91 | 108 | 114 | ||||
92 | 102 | 108 | ||||
93 | 96 | 101 | ||||
94 | 91 | 95 | ||||
95 | 86 | 89 | ||||
96 | 81 | 83 | ||||
97 | 76 | 78 | ||||
98 | 71 | 73 | ||||
99 | 67 | 68 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
100 | 63 | 64 | ||||
101 | 59 | 59 | ||||
102 | 55 | 56 | ||||
103 | 52 | 52 | ||||
104 | 49 | 49 | ||||
105 | 45 | 46 | ||||
106 | 42 | 43 | ||||
107 | 39 | 41 | ||||
108 | 37 | 39 | ||||
109 | 34 | 37 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
110 | 31 | 35 | ||||
111 | 29 | 34 | ||||
112 | 26 | 32 | ||||
113 | 24 | 31 | ||||
114 | 21 | 30 | ||||
115 | 19 | 29 | ||||
116 | 28 | |||||
117 | 27 | |||||
118 | 25 | |||||
119 | 23 | |||||
120 | 20 | |||||
Uniform Lifetime Table | Single Life Table | ||||||||||||
Age | Current LE Factor | Proposed LE Factor | Age | Current LE Factor | Proposed LE Factor | ||||||||
70 | 274 | 291 | 0 | 824 | 845 | ||||||||
71 | 265 | 282 | 1 | 816 | 837 | ||||||||
72 | 256 | 273 | 2 | 806 | 827 | ||||||||
73 | 247 | 264 | 3 | 797 | 817 | ||||||||
74 | 238 | 255 | 4 | 787 | 808 | ||||||||
75 | 229 | 246 | 5 | 777 | 798 | ||||||||
76 | 220 | 237 | 6 | 767 | 788 | ||||||||
77 | 212 | 228 | 7 | 758 | 778 | ||||||||
78 | 203 | 219 | 8 | 748 | 768 | ||||||||
79 | 195 | 210 | 9 | 738 | 758 | ||||||||
80 | 187 | 202 | 10 | 728 | 748 | ||||||||
81 | 179 | 193 | 11 | 718 | 738 | ||||||||
82 | 171 | 184 | 12 | 708 | 728 | ||||||||
83 | 163 | 176 | 13 | 699 | 719 | ||||||||
84 | 155 | 168 | 14 | 689 | 709 | ||||||||
85 | 148 | 160 | 15 | 679 | 699 | ||||||||
86 | 141 | 152 | 16 | 669 | 689 | ||||||||
87 | 134 | 144 | 17 | 660 | 679 | ||||||||
88 | 127 | 136 | 18 | 650 | 669 | ||||||||
89 | 120 | 129 | 19 | 640 | 660 | ||||||||
90 | 114 | 121 | 20 | 630 | 650 | ||||||||
91 | 108 | 114 | 21 | 621 | 640 | ||||||||
92 | 102 | 108 | 22 | 611 | 630 | ||||||||
93 | 96 | 101 | 23 | 601 | 620 | ||||||||
94 | 91 | 95 | 24 | 591 | 611 | ||||||||
95 | 86 | 89 | 25 | 582 | 601 | ||||||||
96 | 81 | 83 | 26 | 572 | 591 | ||||||||
97 | 76 | 78 | 27 | 562 | 582 | ||||||||
98 | 71 | 73 | 28 | 553 | 572 | ||||||||
99 | 67 | 68 | 29 | 543 | 562 | ||||||||
100 | 63 | 64 | 30 | 533 | 553 | ||||||||
101 | 59 | 59 | 31 | 524 | 543 | ||||||||
102 | 55 | 56 | 32 | 514 | 534 | ||||||||
103 | 52 | 52 | 33 | 504 | 524 | ||||||||
104 | 49 | 49 | 34 | 494 | 514 | ||||||||
105 | 45 | 46 | 35 | 485 | 505 | ||||||||
106 | 42 | 43 | 36 | 475 | 495 | ||||||||
107 | 39 | 41 | 37 | 465 | 486 | ||||||||
108 | 37 | 39 | 38 | 456 | 476 | ||||||||
109 | 34 | 37 | 39 | 446 | 466 | ||||||||
110 | 31 | 35 | 40 | 436 | 457 | ||||||||
111 | 29 | 34 | 41 | 427 | 447 | ||||||||
112 | 26 | 32 | 42 | 417 | 438 | ||||||||
113 | 24 | 31 | 43 | 407 | 428 | ||||||||
114 | 21 | 30 | 44 | 398 | 418 | ||||||||
115 | 19 | 29 | 45 | 388 | 409 | ||||||||
116 | 28 | 46 | 379 | 399 | |||||||||
117 | 27 | 47 | 370 | 390 | |||||||||
118 | 25 | 48 | 360 | 380 | |||||||||
119 | 23 | 49 | 351 | 371 | |||||||||
120 | 20 | 50 | 342 | 361 | |||||||||
51 | 333 | 352 | |||||||||||
52 | 323 | 343 | |||||||||||
53 | 314 | 333 | |||||||||||
54 | 305 | 324 | |||||||||||
55 | 296 | 315 | |||||||||||
56 | 287 | 306 | |||||||||||
57 | 279 | 297 | |||||||||||
58 | 270 | 288 | |||||||||||
59 | 261 | 279 | |||||||||||
60 | 252 | 271 | |||||||||||
61 | 244 | 262 | |||||||||||
62 | 235 | 253 | |||||||||||
63 | 227 | 245 | |||||||||||
64 | 218 | 236 | |||||||||||
65 | 210 | 228 | |||||||||||
66 | 202 | 220 | |||||||||||
67 | 194 | 212 | |||||||||||
68 | 186 | 204 | |||||||||||
69 | 178 | 195 | |||||||||||
70 | 170 | 187 | |||||||||||
71 | 163 | 179 | |||||||||||
72 | 155 | 171 | |||||||||||
73 | 148 | 163 | |||||||||||
74 | 141 | 156 | |||||||||||
75 | 134 | 148 | |||||||||||
76 | 127 | 140 | |||||||||||
77 | 121 | 133 | |||||||||||
78 | 114 | 126 | |||||||||||
79 | 108 | 119 | |||||||||||
80 | 102 | 112 | |||||||||||
81 | 97 | 105 | |||||||||||
82 | 91 | 99 | |||||||||||
83 | 86 | 92 | |||||||||||
84 | 81 | 86 | |||||||||||
85 | 76 | 81 | |||||||||||
86 | 71 | 75 | |||||||||||
87 | 67 | 70 | |||||||||||
88 | 63 | 66 | |||||||||||
89 | 59 | 61 | |||||||||||
90 | 55 | 57 | |||||||||||
91 | 52 | 53 | |||||||||||
92 | 49 | 49 | |||||||||||
93 | 46 | 46 | |||||||||||
94 | 43 | 42 | |||||||||||
95 | 41 | 39 | |||||||||||
96 | 38 | 37 | |||||||||||
97 | 36 | 34 | |||||||||||
98 | 34 | 32 | |||||||||||
99 | 31 | 30 | |||||||||||
100 | 29 | 28 | |||||||||||
101 | 27 | 26 | |||||||||||
102 | 25 | 25 | |||||||||||
103 | 23 | 23 | |||||||||||
104 | 21 | 22 | |||||||||||
105 | 19 | 21 | |||||||||||
106 | 17 | 21 | |||||||||||
107 | 15 | 21 | |||||||||||
108 | 14 | 20 | |||||||||||
109 | 12 | 20 | |||||||||||
110 | 11 | 20 | |||||||||||
111 | 10 | 20 | |||||||||||
112 | 20 | ||||||||||||
113 | 19 | ||||||||||||
114 | 19 | ||||||||||||
115 | 18 | ||||||||||||
116 | 18 | ||||||||||||
117 | 16 | ||||||||||||
118 | 14 | ||||||||||||
119 | 11 | ||||||||||||
120 | 10 |
Years after | RMD | 10-Year Rule Options | |||||||
Death | Age | Current Method | Equal Schedule | Full Deferral | |||||
0 | 30 | $18762 | $142378 | $0 | |||||
1 | 31 | $20100 | $142378 | $0 | |||||
2 | 32 | $21535 | $142378 | $0 | |||||
3 | 33 | $23072 | $142378 | $0 | |||||
4 | 34 | $24720 | $142378 | $0 | |||||
5 | 35 | $26486 | $142378 | $0 | |||||
6 | 36 | $28379 | $142378 | $0 | |||||
7 | 37 | $30409 | $142378 | $0 | |||||
8 | 38 | $32584 | $142378 | $0 | |||||
9 | 39 | $34917 | $142378 | $0 | |||||
10 | 40 | $37417 | $142378 | $1967151 |
Current Method | |||||||||||||||||
BB | G | RMD | EB | Single Life Table | |||||||||||||
7 | 533 | ||||||||||||||||
0 | 30 | $ 1000000 | $ 70000 | $ (18762) | $ 1051238 | Age | LE Factor | ||||||||||
1 | 31 | $ 1051238 | $ 73587 | $ (20100) | $ 1104725 | 0 | 824 | ||||||||||
2 | 32 | $ 1104725 | $ 77331 | $ (21535) | $ 1160521 | 1 | 816 | ||||||||||
3 | 33 | $ 1160521 | $ 81236 | $ (23072) | $ 1218685 | 2 | 806 | ||||||||||
4 | 34 | $ 1218685 | $ 85308 | $ (24720) | $ 1279274 | 3 | 797 | ||||||||||
5 | 35 | $ 1279274 | $ 89549 | $ (26486) | $ 1342337 | 4 | 787 | ||||||||||
6 | 36 | $ 1342337 | $ 93964 | $ (28379) | $ 1407921 | 5 | 777 | ||||||||||
7 | 37 | $ 1407921 | $ 98554 | $ (30409) | $ 1476067 | 6 | 767 | ||||||||||
8 | 38 | $ 1476067 | $ 103325 | $ (32584) | $ 1546807 | 7 | 758 | ||||||||||
9 | 39 | $ 1546807 | $ 108277 | $ (34917) | $ 1620167 | 8 | 748 | ||||||||||
10 | 40 | $ 1620167 | $ 113412 | $ (37417) | $ 1696162 | 9 | 738 | ||||||||||
11 | 41 | $ 1696162 | $ 118731 | $ (40098) | $ 1774795 | 10 | 728 | ||||||||||
12 | 42 | $ 1774795 | $ 124236 | $ (42973) | $ 1856057 | 11 | 718 | ||||||||||
13 | 43 | $ 1856057 | $ 129924 | $ (46056) | $ 1939925 | 12 | 708 | ||||||||||
14 | 44 | $ 1939925 | $ 135795 | $ (49362) | $ 2026358 | 13 | 699 | ||||||||||
15 | 45 | $ 2026358 | $ 141845 | $ (52908) | $ 2115295 | 14 | 689 | ||||||||||
16 | 46 | $ 2115295 | $ 148071 | $ (56710) | $ 2206656 | 15 | 679 | ||||||||||
17 | 47 | $ 2206656 | $ 154466 | $ (60789) | $ 2300332 | 16 | 669 | ||||||||||
18 | 48 | $ 2300332 | $ 161023 | $ (65165) | $ 2396190 | 17 | 660 | ||||||||||
19 | 49 | $ 2396190 | $ 167733 | $ (69860) | $ 2494064 | 18 | 650 | ||||||||||
20 | 50 | $ 2494064 | $ 174584 | $ (74897) | $ 2593751 | 19 | 640 | ||||||||||
21 | 51 | $ 2593751 | $ 181563 | $ (80302) | $ 2695012 | 20 | 630 | ||||||||||
22 | 52 | $ 2695012 | $ 188651 | $ (86103) | $ 2797560 | 21 | 621 | ||||||||||
23 | 53 | $ 2797560 | $ 195829 | $ (92329) | $ 2901061 | 22 | 611 | ||||||||||
24 | 54 | $ 2901061 | $ 203074 | $ (99012) | $ 3005123 | 23 | 601 | ||||||||||
25 | 55 | $ 3005123 | $ 210359 | $ (106188) | $ 3109293 | 24 | 591 | ||||||||||
26 | 56 | $ 3109293 | $ 217651 | $ (113894) | $ 3213050 | 25 | 582 | ||||||||||
27 | 57 | $ 3213050 | $ 224914 | $ (122169) | $ 3315795 | 26 | 572 | ||||||||||
28 | 58 | $ 3315795 | $ 232106 | $ (131059) | $ 3416841 | 27 | 562 | ||||||||||
29 | 59 | $ 3416841 | $ 239179 | $ (140611) | $ 3515409 | 28 | 553 | ||||||||||
30 | 60 | $ 3515409 | $ 246079 | $ (150876) | $ 3610612 | 29 | 543 | ||||||||||
31 | 61 | $ 3610612 | $ 252743 | $ (161911) | $ 3701444 | 30 | 533 | ||||||||||
32 | 62 | $ 3701444 | $ 259101 | $ (173777) | $ 3786768 | 31 | 524 | ||||||||||
33 | 63 | $ 3786768 | $ 265074 | $ (186540) | $ 3865302 | 32 | 514 | ||||||||||
34 | 64 | $ 3865302 | $ 270571 | $ (200275) | $ 3935598 | 33 | 504 | ||||||||||
35 | 65 | $ 3935598 | $ 275492 | $ (215060) | $ 3996030 | 34 | 494 | ||||||||||
36 | 66 | $ 3996030 | $ 279722 | $ (230984) | $ 4044768 | 35 | 485 | ||||||||||
37 | 67 | $ 4044768 | $ 283134 | $ (248145) | $ 4079756 | 36 | 475 | ||||||||||
38 | 68 | $ 4079756 | $ 285583 | $ (266651) | $ 4098688 | 37 | 465 | ||||||||||
39 | 69 | $ 4098688 | $ 286908 | $ (286622) | $ 4098975 | 38 | 456 | ||||||||||
40 | 70 | $ 4098975 | $ 286928 | $ (308194) | $ 4077710 | 39 | 446 | ||||||||||
41 | 71 | $ 4077710 | $ 285440 | $ (331521) | $ 4031628 | 40 | 436 | ||||||||||
42 | 72 | $ 4031628 | $ 282214 | $ (356781) | $ 3957061 | 41 | 427 | ||||||||||
43 | 73 | $ 3957061 | $ 276994 | $ (384181) | $ 3849875 | 42 | 417 | ||||||||||
44 | 74 | $ 3849875 | $ 269491 | $ (413965) | $ 3705401 | 43 | 407 | ||||||||||
45 | 75 | $ 3705401 | $ 259378 | $ (446434) | $ 3518345 | 44 | 398 | ||||||||||
46 | 76 | $ 3518345 | $ 246284 | $ (481965) | $ 3282664 | 45 | 388 | ||||||||||
47 | 77 | $ 3282664 | $ 229786 | $ (521058) | $ 2991393 | 46 | 379 | ||||||||||
48 | 78 | $ 2991393 | $ 209397 | $ (564414) | $ 2636377 | 47 | 370 | ||||||||||
49 | 79 | $ 2636377 | $ 184546 | $ (613111) | $ 2207812 | 48 | 360 | ||||||||||
50 | 80 | $ 2207812 | $ 154547 | $ (669034) | $ 1693325 | 49 | 351 | ||||||||||
51 | 81 | $ 1693325 | $ 118533 | $ (736228) | $ 1075629 | 50 | 342 | ||||||||||
52 | 82 | $ 1075629 | $ 75294 | $ (827407) | $ 323516 | 51 | 333 | ||||||||||
52 | 323 | ||||||||||||||||
53 | 314 | ||||||||||||||||
54 | 305 | ||||||||||||||||
55 | 296 | ||||||||||||||||
56 | 287 | ||||||||||||||||
57 | 279 | ||||||||||||||||
58 | 270 | ||||||||||||||||
59 | 261 | ||||||||||||||||
60 | 252 | ||||||||||||||||
61 | 244 | ||||||||||||||||
62 | 235 | ||||||||||||||||
63 | 227 | ||||||||||||||||
64 | 218 | ||||||||||||||||
65 | 210 | ||||||||||||||||
66 | 202 | ||||||||||||||||
67 | 194 | ||||||||||||||||
68 | 186 | ||||||||||||||||
69 | 178 | ||||||||||||||||
70 | 170 | ||||||||||||||||
71 | 163 | ||||||||||||||||
72 | 155 | ||||||||||||||||
73 | 148 | ||||||||||||||||
74 | 141 | ||||||||||||||||
75 | 134 | ||||||||||||||||
76 | 127 | ||||||||||||||||
77 | 121 | ||||||||||||||||
78 | 114 | ||||||||||||||||
79 | 108 | ||||||||||||||||
80 | 102 | ||||||||||||||||
81 | 97 | ||||||||||||||||
82 | 91 | ||||||||||||||||
83 | 86 | ||||||||||||||||
84 | 81 | ||||||||||||||||
85 | 76 | ||||||||||||||||
86 | 71 | ||||||||||||||||
87 | 67 | ||||||||||||||||
88 | 63 | ||||||||||||||||
89 | 59 | ||||||||||||||||
90 | 55 | ||||||||||||||||
91 | 52 | ||||||||||||||||
92 | 49 | ||||||||||||||||
93 | 46 | ||||||||||||||||
94 | 43 | ||||||||||||||||
95 | 41 | ||||||||||||||||
96 | 38 | ||||||||||||||||
97 | 36 | ||||||||||||||||
98 | 34 | ||||||||||||||||
99 | 31 | ||||||||||||||||
100 | 29 | ||||||||||||||||
101 | 27 | ||||||||||||||||
102 | 25 | ||||||||||||||||
103 | 23 | ||||||||||||||||
104 | 21 | ||||||||||||||||
105 | 19 | ||||||||||||||||
106 | 17 | ||||||||||||||||
107 | 15 | ||||||||||||||||
108 | 14 | ||||||||||||||||
109 | 12 | ||||||||||||||||
110 | 11 | ||||||||||||||||
111 | 10 |
Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | ||||||||||||||
0 | 824 | 16 | 669 | 32 | 514 | 48 | 360 | 64 | 218 | 80 | 102 | 96 | 38 | ||||||||||||||
1 | 816 | 17 | 660 | 33 | 504 | 49 | 351 | 65 | 210 | 81 | 97 | 97 | 36 | ||||||||||||||
2 | 806 | 18 | 650 | 34 | 494 | 50 | 342 | 66 | 202 | 82 | 91 | 98 | 34 | ||||||||||||||
3 | 797 | 19 | 640 | 35 | 485 | 51 | 333 | 67 | 194 | 83 | 86 | 99 | 31 | ||||||||||||||
4 | 787 | 20 | 630 | 36 | 475 | 52 | 323 | 68 | 186 | 84 | 81 | 100 | 29 | ||||||||||||||
5 | 777 | 21 | 621 | 37 | 465 | 53 | 314 | 69 | 178 | 85 | 76 | 101 | 27 | ||||||||||||||
6 | 767 | 22 | 611 | 38 | 456 | 54 | 305 | 70 | 170 | 86 | 71 | 102 | 25 | ||||||||||||||
7 | 758 | 23 | 601 | 39 | 446 | 55 | 296 | 71 | 163 | 87 | 67 | 103 | 23 | ||||||||||||||
8 | 748 | 24 | 591 | 40 | 436 | 56 | 287 | 72 | 155 | 88 | 63 | 104 | 21 | ||||||||||||||
9 | 738 | 25 | 582 | 41 | 427 | 57 | 279 | 73 | 148 | 89 | 59 | 105 | 19 | ||||||||||||||
10 | 728 | 26 | 572 | 42 | 417 | 58 | 270 | 74 | 141 | 90 | 55 | 106 | 17 | ||||||||||||||
11 | 718 | 27 | 562 | 43 | 407 | 59 | 261 | 75 | 134 | 91 | 52 | 107 | 15 | ||||||||||||||
12 | 708 | 28 | 553 | 44 | 398 | 60 | 252 | 76 | 127 | 92 | 49 | 108 | 14 | ||||||||||||||
13 | 699 | 29 | 543 | 45 | 388 | 61 | 244 | 77 | 121 | 93 | 46 | 109 | 12 | ||||||||||||||
14 | 689 | 30 | 533 | 46 | 379 | 62 | 235 | 78 | 114 | 94 | 43 | 110 | 11 | ||||||||||||||
15 | 679 | 31 | 524 | 47 | 370 | 63 | 227 | 79 | 108 | 95 | 41 | 111 | 10 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Youngest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | GCs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 15 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
16 | 669 | 2008 | $ 1080000 | $ (16143) | $ 85109 | $ 1148965 | $ - 0 | $ 9686 | $ 775 | $ (77) | $ 10383 | $ 1159349 | |||||||||||||||
17 | 659 | 2009 | $ 1148965 | $ (17435) | $ 90522 | $ 1222052 | $ 10383 | $ 10461 | $ 1668 | $ (167) | $ 22345 | $ 1244398 | |||||||||||||||
18 | 649 | 2010 | $ 1222052 | $ (18830) | $ 96258 | $ 1299480 | $ 22345 | $ 11298 | $ 2691 | $ (269) | $ 36065 | $ 1335546 | |||||||||||||||
19 | 639 | 2011 | $ 1299480 | $ (20336) | $ 102332 | $ 1381476 | $ 36065 | $ 12202 | $ 3861 | $ (386) | $ 51742 | $ 1433218 | |||||||||||||||
20 | 629 | 2012 | $ 1381476 | $ (21963) | $ 108761 | $ 1468274 | $ 51742 | $ 13178 | $ 5194 | $ (519) | $ 69594 | $ 1537868 | |||||||||||||||
21 | 619 | 2013 | $ 1468274 | $ (23720) | $ 115564 | $ 1560118 | $ 69594 | $ 14232 | $ 6706 | $ (671) | $ 89862 | $ 1649980 | |||||||||||||||
22 | 609 | 2014 | $ 1560118 | $ (25618) | $ 122760 | $ 1657260 | $ 89862 | $ 15371 | $ 8419 | $ (842) | $ 112809 | $ 1770070 | |||||||||||||||
23 | 599 | 2015 | $ 1657260 | $ (27667) | $ 130367 | $ 1759961 | $ 112809 | $ 16600 | $ 10353 | $ (1035) | $ 138727 | $ 1898688 | |||||||||||||||
24 | 589 | 2016 | $ 1759961 | $ (29880) | $ 138406 | $ 1868487 | $ 138727 | $ 17928 | $ 12532 | $ (1253) | $ 167935 | $ 2036421 | |||||||||||||||
25 | 579 | 2017 | $ 1868487 | $ (32271) | $ 146897 | $ 1983113 | $ 167935 | $ 19363 | $ 14984 | $ (1498) | $ 200783 | $ 2183896 | |||||||||||||||
26 | 569 | 2018 | $ 1983113 | $ (34853) | $ 155861 | $ 2104121 | $ 200783 | $ 20912 | $ 17736 | $ (1774) | $ 237656 | $ 2341777 | |||||||||||||||
27 | 559 | 2019 | $ 2104121 | $ (37641) | $ 165318 | $ 2231799 | $ 237656 | $ 22584 | $ 20819 | $ (2082) | $ 278978 | $ 2510777 | |||||||||||||||
28 | 549 | 2020 | $ 2231799 | $ (40652) | $ 175292 | $ 2366439 | $ 278978 | $ 24391 | $ 24270 | $ (2427) | $ 325212 | $ 2691650 | |||||||||||||||
29 | 539 | 2021 | $ 2366439 | $ (43904) | $ 185803 | $ 2508337 | $ 325212 | $ 26343 | $ 28124 | $ (2812) | $ 376866 | $ 2885203 | |||||||||||||||
30 | 529 | 2022 | $ 2508337 | $ (47417) | $ 196874 | $ 2657794 | $ 376866 | $ 28450 | $ 32425 | $ (3243) | $ 434499 | $ 3092293 | |||||||||||||||
31 | 519 | 2023 | $ 2657794 | $ (51210) | $ 208527 | $ 2815111 | $ 434499 | $ 30726 | $ 37218 | $ (3722) | $ 498721 | $ 3313832 | |||||||||||||||
32 | 509 | 2024 | $ 2815111 | $ (55307) | $ 220784 | $ 2980589 | $ 498721 | $ 33184 | $ 42552 | $ (4255) | $ 570202 | $ 3550791 | |||||||||||||||
33 | 499 | 2025 | $ 2980589 | $ (59731) | $ 233669 | $ 3154526 | $ 570202 | $ 35839 | $ 48483 | $ (4848) | $ 649676 | $ 3804202 | |||||||||||||||
34 | 489 | 2026 | $ 3154526 | $ (64510) | $ 247201 | $ 3337217 | $ 649676 | $ 38706 | $ 55071 | $ (5507) | $ 737945 | $ 4075163 | |||||||||||||||
35 | 479 | 2027 | $ 3337217 | $ (69671) | $ 261404 | $ 3528951 | $ 737945 | $ 41802 | $ 62380 | $ (6238) | $ 835889 | $ 4364840 | |||||||||||||||
36 | 469 | 2028 | $ 3528951 | $ (75244) | $ 276297 | $ 3730003 | $ 835889 | $ 45146 | $ 70483 | $ (7048) | $ 944471 | $ 4674474 | |||||||||||||||
37 | 459 | 2029 | $ 3730003 | $ (81264) | $ 291899 | $ 3940639 | $ 944471 | $ 48758 | $ 79458 | $ (7946) | $ 1064741 | $ 5005380 | |||||||||||||||
38 | 449 | 2030 | $ 3940639 | $ (87765) | $ 308230 | $ 4161104 | $ 1064741 | $ 52659 | $ 89392 | $ (8939) | $ 1197853 | $ 5358957 | |||||||||||||||
39 | 439 | 2031 | $ 4161104 | $ (94786) | $ 325305 | $ 4391623 | $ 1197853 | $ 56872 | $ 100378 | $ (10038) | $ 1345065 | $ 5736688 | |||||||||||||||
40 | 429 | 2032 | $ 4391623 | $ (102369) | $ 343140 | $ 4632395 | $ 1345065 | $ 61421 | $ 112519 | $ (11252) | $ 1507753 | $ 6140148 | |||||||||||||||
41 | 419 | 2033 | $ 4632395 | $ (110558) | $ 361747 | $ 4883583 | $ 1507753 | $ 66335 | $ 125927 | $ (12593) | $ 1687422 | $ 6571005 | |||||||||||||||
42 | 409 | 2034 | $ 4883583 | $ (119403) | $ 381134 | $ 5145315 | $ 1687422 | $ 71642 | $ 140725 | $ (14073) | $ 1885717 | $ 7031031 | |||||||||||||||
43 | 399 | 2035 | $ 5145315 | $ (128955) | $ 401309 | $ 5417668 | $ 1885717 | $ 77373 | $ 157047 | $ (15705) | $ 2104432 | $ 7522100 | |||||||||||||||
44 | 389 | 2036 | $ 5417668 | $ (139272) | $ 422272 | $ 5700668 | $ 2104432 | $ 83563 | $ 175040 | $ (17504) | $ 2345531 | $ 8046199 | |||||||||||||||
45 | 379 | 2037 | $ 5700668 | $ (150413) | $ 444020 | $ 5994275 | $ 2345531 | $ 90248 | $ 194862 | $ (19486) | $ 2611155 | $ 8605430 | |||||||||||||||
46 | 369 | 2038 | $ 5994275 | $ (162446) | $ 466546 | $ 6298375 | $ 2611155 | $ 97468 | $ 216690 | $ (21669) | $ 2903644 | $ 9202019 | |||||||||||||||
47 | 359 | 2039 | $ 6298375 | $ (175442) | $ 489835 | $ 6612767 | $ 2903644 | $ 105265 | $ 240713 | $ (24071) | $ 3225551 | $ 9838318 | |||||||||||||||
48 | 349 | 2040 | $ 6612767 | $ (189478) | $ 513863 | $ 6937153 | $ 3225551 | $ 113687 | $ 267139 | $ (26714) | $ 3579662 | $ 10516815 | |||||||||||||||
49 | 339 | 2041 | $ 6937153 | $ (204636) | $ 538601 | $ 7271118 | $ 3579662 | $ 122781 | $ 296195 | $ (29620) | $ 3969020 | $ 11240138 | |||||||||||||||
50 | 329 | 2042 | $ 7271118 | $ (221007) | $ 564009 | $ 7614121 | $ 3969020 | $ 132604 | $ 328130 | $ (32813) | $ 4396941 | $ 12011061 | |||||||||||||||
51 | 319 | 2043 | $ 7614121 | $ (238687) | $ 590035 | $ 7965468 | $ 4396941 | $ 143212 | $ 363212 | $ (36321) | $ 4867044 | $ 12832512 | |||||||||||||||
52 | 309 | 2044 | $ 7965468 | $ (257782) | $ 616615 | $ 8324301 | $ 4867044 | $ 154669 | $ 401737 | $ (40174) | $ 5383277 | $ 13707578 | |||||||||||||||
53 | 299 | 2045 | $ 8324301 | $ (278405) | $ 643672 | $ 8689568 | $ 5383277 | $ 167043 | $ 444026 | $ (44403) | $ 5949942 | $ 14639510 | |||||||||||||||
54 | 289 | 2046 | $ 8689568 | $ (300677) | $ 671111 | $ 9060002 | $ 5949942 | $ 180406 | $ 490428 | $ (49043) | $ 6571734 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Oldest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
31 | 524 | 2008 | $ 1080000 | $ (20611) | $ 84751 | $ 1144140 | $ - 0 | $ 12366 | $ 989 | $ (99) | $ 13257 | $ 1157397 | |||||||||||||||
32 | 514 | 2009 | $ 1144140 | $ (22260) | $ 89750 | $ 1211631 | $ 13257 | $ 13356 | $ 2129 | $ (213) | $ 28529 | $ 1240160 | |||||||||||||||
33 | 504 | 2010 | $ 1211631 | $ (24040) | $ 95007 | $ 1282598 | $ 28529 | $ 14424 | $ 3436 | $ (344) | $ 46045 | $ 1328644 | |||||||||||||||
34 | 494 | 2011 | $ 1282598 | $ (25964) | $ 100531 | $ 1357166 | $ 46045 | $ 15578 | $ 4930 | $ (493) | $ 66060 | $ 1423226 | |||||||||||||||
35 | 484 | 2012 | $ 1357166 | $ (28041) | $ 106330 | $ 1435455 | $ 66060 | $ 16824 | $ 6631 | $ (663) | $ 88852 | $ 1524308 | |||||||||||||||
36 | 474 | 2013 | $ 1435455 | $ (30284) | $ 112414 | $ 1517585 | $ 88852 | $ 18170 | $ 8562 | $ (856) | $ 114728 | $ 1632313 | |||||||||||||||
37 | 464 | 2014 | $ 1517585 | $ (32707) | $ 118790 | $ 1603669 | $ 114728 | $ 19624 | $ 10748 | $ (1075) | $ 144026 | $ 1747694 | |||||||||||||||
38 | 454 | 2015 | $ 1603669 | $ (35323) | $ 125468 | $ 1693813 | $ 144026 | $ 21194 | $ 13218 | $ (1322) | $ 177115 | $ 1870929 | |||||||||||||||
39 | 444 | 2016 | $ 1693813 | $ (38149) | $ 132453 | $ 1788117 | $ 177115 | $ 22889 | $ 16000 | $ (1600) | $ 214405 | $ 2002522 | |||||||||||||||
40 | 434 | 2017 | $ 1788117 | $ (41201) | $ 139753 | $ 1886670 | $ 214405 | $ 24721 | $ 19130 | $ (1913) | $ 256343 | $ 2143012 | |||||||||||||||
41 | 424 | 2018 | $ 1886670 | $ (44497) | $ 147374 | $ 1989547 | $ 256343 | $ 26698 | $ 22643 | $ (2264) | $ 303420 | $ 2292966 | |||||||||||||||
42 | 414 | 2019 | $ 1989547 | $ (48057) | $ 155319 | $ 2096809 | $ 303420 | $ 28834 | $ 26580 | $ (2658) | $ 356176 | $ 2452985 | |||||||||||||||
43 | 404 | 2020 | $ 2096809 | $ (51901) | $ 163593 | $ 2208501 | $ 356176 | $ 31141 | $ 30985 | $ (3099) | $ 415204 | $ 2623704 | |||||||||||||||
44 | 394 | 2021 | $ 2208501 | $ (56053) | $ 172196 | $ 2324643 | $ 415204 | $ 33632 | $ 35907 | $ (3591) | $ 481152 | $ 2805795 | |||||||||||||||
45 | 384 | 2022 | $ 2324643 | $ (60538) | $ 181128 | $ 2445234 | $ 481152 | $ 36323 | $ 41398 | $ (4140) | $ 554732 | $ 2999966 | |||||||||||||||
46 | 374 | 2023 | $ 2445234 | $ (65381) | $ 190388 | $ 2570242 | $ 554732 | $ 39228 | $ 47517 | $ (4752) | $ 636726 | $ 3206968 | |||||||||||||||
47 | 364 | 2024 | $ 2570242 | $ (70611) | $ 199970 | $ 2699601 | $ 636726 | $ 42367 | $ 54327 | $ (5433) | $ 727987 | $ 3427588 | |||||||||||||||
48 | 354 | 2025 | $ 2699601 | $ (76260) | $ 209867 | $ 2833208 | $ 727987 | $ 45756 | $ 61899 | $ (6190) | $ 829453 | $ 3662661 | |||||||||||||||
49 | 344 | 2026 | $ 2833208 | $ (82361) | $ 220068 | $ 2970915 | $ 829453 | $ 49416 | $ 70310 | $ (7031) | $ 942148 | $ 3913063 | |||||||||||||||
50 | 334 | 2027 | $ 2970915 | $ (88950) | $ 230557 | $ 3112523 | $ 942148 | $ 53370 | $ 79641 | $ (7964) | $ 1067195 | $ 4179718 | |||||||||||||||
51 | 324 | 2028 | $ 3112523 | $ (96066) | $ 241317 | $ 3257774 | $ 1067195 | $ 57639 | $ 89987 | $ (8999) | $ 1205822 | $ 4463596 | |||||||||||||||
52 | 314 | 2029 | $ 3257774 | $ (103751) | $ 252322 | $ 3406345 | $ 1205822 | $ 62250 | $ 101446 | $ (10145) | $ 1359374 | $ 4765719 | |||||||||||||||
53 | 304 | 2030 | $ 3406345 | $ (112051) | $ 263544 | $ 3557838 | $ 1359374 | $ 67230 | $ 114128 | $ (11413) | $ 1529320 | $ 5087158 | |||||||||||||||
54 | 294 | 2031 | $ 3557838 | $ (121015) | $ 274946 | $ 3711769 | $ 1529320 | $ 72609 | $ 128154 | $ (12815) | $ 1717268 | $ 5429037 | |||||||||||||||
55 | 284 | 2032 | $ 3711769 | $ (130696) | $ 286486 | $ 3867559 | $ 1717268 | $ 78418 | $ 143655 | $ (14365) | $ 1924975 | $ 5792533 | |||||||||||||||
56 | 274 | 2033 | $ 3867559 | $ (141152) | $ 298113 | $ 4024520 | $ 1924975 | $ 84691 | $ 160773 | $ (16077) | $ 2154362 | $ 6178881 | |||||||||||||||
57 | 264 | 2034 | $ 4024520 | $ (152444) | $ 309766 | $ 4181842 | $ 2154362 | $ 91466 | $ 179666 | $ (17967) | $ 2407528 | $ 6589369 | |||||||||||||||
58 | 254 | 2035 | $ 4181842 | $ (164639) | $ 321376 | $ 4338578 | $ 2407528 | $ 98784 | $ 200505 | $ (20050) | $ 2686766 | $ 7025344 | |||||||||||||||
59 | 244 | 2036 | $ 4338578 | $ (177811) | $ 332861 | $ 4493629 | $ 2686766 | $ 106686 | $ 223476 | $ (22348) | $ 2994581 | $ 7488210 | |||||||||||||||
60 | 234 | 2037 | $ 4493629 | $ (192035) | $ 344128 | $ 4645721 | $ 2994581 | $ 115221 | $ 248784 | $ (24878) | $ 3333708 | $ 7979429 | |||||||||||||||
61 | 224 | 2038 | $ 4645721 | $ (207398) | $ 355066 | $ 4793389 | $ 3333708 | $ 124439 | $ 276652 | $ (27665) | $ 3707133 | $ 8500522 | |||||||||||||||
62 | 214 | 2039 | $ 4793389 | $ (223990) | $ 365552 | $ 4934951 | $ 3707133 | $ 134394 | $ 307322 | $ (30732) | $ 4118117 | $ 9053068 | |||||||||||||||
63 | 204 | 2040 | $ 4934951 | $ (241909) | $ 375443 | $ 5068485 | $ 4118117 | $ 145146 | $ 341061 | $ (34106) | $ 4570218 | $ 9638702 | |||||||||||||||
64 | 194 | 2041 | $ 5068485 | $ (261262) | $ 384578 | $ 5191800 | $ 4570218 | $ 156757 | $ 378158 | $ (37816) | $ 5067317 | $ 10259117 | |||||||||||||||
65 | 184 | 2042 | $ 5191800 | $ (282163) | $ 392771 | $ 5302408 | $ 5067317 | $ 169298 | $ 418929 | $ (41893) | $ 5613651 | $ 10916059 | |||||||||||||||
66 | 174 | 2043 | $ 5302408 | $ (304736) | $ 399814 | $ 5397486 | $ 5613651 | $ 182842 | $ 463719 | $ (46372) | $ 6213840 | $ 11611326 | |||||||||||||||
67 | 164 | 2044 | $ 5397486 | $ (329115) | $ 405470 | $ 5473841 | $ 6213840 | $ 197469 | $ 512905 | $ (51290) | $ 6872924 | $ 12346764 | |||||||||||||||
68 | 154 | 2045 | $ 5473841 | $ (355444) | $ 409472 | $ 5527868 | $ 6872924 | $ 213267 | $ 566895 | $ (56690) | $ 7596396 | $ 13124264 | |||||||||||||||
69 | 144 | 2046 | $ 5527868 | $ (383880) | $ 411519 | $ 5555507 | $ 7596396 | $ 230328 | $ 626138 | $ (62614) | $ 8390248 | $ 13945755 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | NA | 2012 | $ 1469328 | $ - 0 | $ 117546 | $ 1586874 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1586874 | ||||||||||||||||
66 | 36 | NA | 2013 | $ 1586874 | $ - 0 | $ 126950 | $ 1713824 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1713824 | ||||||||||||||||
37 | 465 | 2014 | $ 1713824 | $ (36856) | $ 134157 | $ 1811125 | $ - 0 | $ 22114 | $ 1769 | $ (177) | $ 23706 | $ 1834831 | |||||||||||||||||
38 | 455 | 2015 | $ 1811125 | $ (39805) | $ 141706 | $ 1913026 | $ 23706 | $ 23883 | $ 3807 | $ (381) | $ 51015 | $ 1964041 | |||||||||||||||||
39 | 445 | 2016 | $ 1913026 | $ (42989) | $ 149603 | $ 2019640 | $ 51015 | $ 25794 | $ 6145 | $ (614) | $ 82339 | $ 2101979 | |||||||||||||||||
40 | 435 | 2017 | $ 2019640 | $ (46428) | $ 157857 | $ 2131068 | $ 82339 | $ 27857 | $ 8816 | $ (882) | $ 118131 | $ 2249198 | |||||||||||||||||
41 | 425 | 2018 | $ 2131068 | $ (50143) | $ 166474 | $ 2247399 | $ 118131 | $ 30086 | $ 11857 | $ (1186) | $ 158888 | $ 2406287 | |||||||||||||||||
42 | 415 | 2019 | $ 2247399 | $ (54154) | $ 175460 | $ 2368705 | $ 158888 | $ 32493 | $ 15310 | $ (1531) | $ 205160 | $ 2573864 | |||||||||||||||||
43 | 405 | 2020 | $ 2368705 | $ (58487) | $ 184817 | $ 2495035 | $ 205160 | $ 35092 | $ 19220 | $ (1922) | $ 257550 | $ 2752585 | |||||||||||||||||
44 | 395 | 2021 | $ 2495035 | $ (63165) | $ 194550 | $ 2626420 | $ 257550 | $ 37899 | $ 23636 | $ (2364) | $ 316721 | $ 2943141 | |||||||||||||||||
45 | 385 | 2022 | $ 2626420 | $ (68219) | $ 204656 | $ 2762857 | $ 316721 | $ 40931 | $ 28612 | $ (2861) | $ 383403 | $ 3146260 | |||||||||||||||||
46 | 375 | 2023 | $ 2762857 | $ (73676) | $ 215134 | $ 2904315 | $ 383403 | $ 44206 | $ 34209 | $ (3421) | $ 458397 | $ 3362712 | |||||||||||||||||
47 | 365 | 2024 | $ 2904315 | $ (79570) | $ 225980 | $ 3050725 | $ 458397 | $ 47742 | $ 40491 | $ (4049) | $ 542581 | $ 3593306 | |||||||||||||||||
48 | 355 | 2025 | $ 3050725 | $ (85936) | $ 237183 | $ 3201972 | $ 542581 | $ 51562 | $ 47531 | $ (4753) | $ 636921 | $ 3838893 | |||||||||||||||||
49 | 345 | 2026 | $ 3201972 | $ (92811) | $ 248733 | $ 3357894 | $ 636921 | $ 55686 | $ 55409 | $ (5541) | $ 742475 | $ 4100369 | |||||||||||||||||
50 | 335 | 2027 | $ 3357894 | $ (100236) | $ 260613 | $ 3518271 | $ 742475 | $ 60141 | $ 64209 | $ (6421) | $ 860405 | $ 4378676 | |||||||||||||||||
51 | 325 | 2028 | $ 3518271 | $ (108254) | $ 272801 | $ 3682818 | $ 860405 | $ 64953 | $ 74029 | $ (7403) | $ 991984 | $ 4674801 | |||||||||||||||||
52 | 315 | 2029 | $ 3682818 | $ (116915) | $ 285272 | $ 3851175 | $ 991984 | $ 70149 | $ 84971 | $ (8497) | $ 1138606 | $ 4989781 | |||||||||||||||||
53 | 305 | 2030 | $ 3851175 | $ (126268) | $ 297993 | $ 4022900 | $ 1138606 | $ 75761 | $ 97149 | $ (9715) | $ 1301801 | $ 5324701 | |||||||||||||||||
54 | 295 | 2031 | $ 4022900 | $ (136369) | $ 310922 | $ 4197453 | $ 1301801 | $ 81822 | $ 110690 | $ (11069) | $ 1483244 | $ 5680696 | |||||||||||||||||
55 | 285 | 2032 | $ 4197453 | $ (147279) | $ 324014 | $ 4374187 | $ 1483244 | $ 88367 | $ 125729 | $ (12573) | $ 1684767 | $ 6058955 | |||||||||||||||||
56 | 275 | 2033 | $ 4374187 | $ (159061) | $ 337210 | $ 4552336 | $ 1684767 | $ 95437 | $ 142416 | $ (14242) | $ 1908379 | $ 6460715 | |||||||||||||||||
57 | 265 | 2034 | $ 4552336 | $ (171786) | $ 350444 | $ 4730994 | $ 1908379 | $ 103072 | $ 160916 | $ (16092) | $ 2156275 | $ 6887269 | |||||||||||||||||
58 | 255 | 2035 | $ 4730994 | $ (185529) | $ 363637 | $ 4909102 | $ 2156275 | $ 111318 | $ 181407 | $ (18141) | $ 2430859 | $ 7339961 | |||||||||||||||||
59 | 245 | 2036 | $ 4909102 | $ (200372) | $ 376698 | $ 5085429 | $ 2430859 | $ 120223 | $ 204087 | $ (20409) | $ 2734760 | $ 7820189 | |||||||||||||||||
60 | 235 | 2037 | $ 5085429 | $ (216401) | $ 389522 | $ 5258550 | $ 2734760 | $ 129841 | $ 229168 | $ (22917) | $ 3070852 | $ 8329402 | |||||||||||||||||
61 | 225 | 2038 | $ 5258550 | $ (233713) | $ 401987 | $ 5426823 | $ 3070852 | $ 140228 | $ 256886 | $ (25689) | $ 3442278 | $ 8869101 | |||||||||||||||||
62 | 215 | 2039 | $ 5426823 | $ (252410) | $ 413953 | $ 5588366 | $ 3442278 | $ 151446 | $ 287498 | $ (28750) | $ 3852472 | $ 9440838 | |||||||||||||||||
63 | 205 | 2040 | $ 5588366 | $ (272603) | $ 425261 | $ 5741024 | $ 3852472 | $ 163562 | $ 321283 | $ (32128) | $ 4305188 | $ 10046212 | |||||||||||||||||
64 | 195 | 2041 | $ 5741024 | $ (294411) | $ 435729 | $ 5882341 | $ 4305188 | $ 176647 | $ 358547 | $ (35855) | $ 4804527 | $ 10686869 | |||||||||||||||||
65 | 185 | 2042 | $ 5882341 | $ (317964) | $ 445150 | $ 6009527 | $ 4804527 | $ 190779 | $ 399624 | $ (39962) | $ 5354968 | $ 11364495 | |||||||||||||||||
66 | 175 | 2043 | $ 6009527 | $ (343402) | $ 453290 | $ 6119416 | $ 5354968 | $ 206041 | $ 444881 | $ (44488) | $ 5961401 | $ 12080817 | |||||||||||||||||
67 | 165 | 2044 | $ 6119416 | $ (370874) | $ 459883 | $ 6208425 | $ 5961401 | $ 222524 | $ 494714 | $ (49471) | $ 6629168 | $ 12837594 | |||||||||||||||||
68 | 155 | 2045 | $ 6208425 | $ (400544) | $ 464631 | $ 6272512 | $ 6629168 | $ 240326 | $ 549560 | $ (54956) | $ 7364098 | $ 13636610 | |||||||||||||||||
69 | 145 | 2046 | $ 6272512 | $ (432587) | $ 467194 | $ 6307119 | $ 7364098 | $ 259552 | $ 609892 | $ (60989) | $ 8172553 | $ 14479672 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (No Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | 210 | 2012 | $ 1469328 | $ (69968) | $ 111949 | $ 1511309 | $ - 0 | $ 41981 | $ 3358 | $ (336) | $ 45003 | $ 1556312 | ||||||||||||||||
66 | 36 | 202 | 2013 | $ 1511309 | $ (74817) | $ 114919 | $ 1551411 | $ 45003 | $ 44890 | $ 7192 | $ (719) | $ 96366 | $ 1647777 | ||||||||||||||||
37 | 192 | 2014 | $ 1551411 | $ (80803) | $ 117649 | $ 1588257 | $ 96366 | $ 48482 | $ 11588 | $ (1159) | $ 155277 | $ 1743534 | |||||||||||||||||
38 | 182 | 2015 | $ 1588257 | $ (87267) | $ 120079 | $ 1621069 | $ 155277 | $ 52360 | $ 16611 | $ (1661) | $ 222587 | $ 1843656 | |||||||||||||||||
39 | 172 | 2016 | $ 1621069 | $ (94248) | $ 122146 | $ 1648967 | $ 222587 | $ 56549 | $ 22331 | $ (2233) | $ 299233 | $ 1948200 | |||||||||||||||||
40 | 162 | 2017 | $ 1648967 | $ (101788) | $ 123774 | $ 1670953 | $ 299233 | $ 61073 | $ 28825 | $ (2882) | $ 386248 | $ 2057201 | |||||||||||||||||
41 | 152 | 2018 | $ 1670953 | $ (109931) | $ 124882 | $ 1685904 | $ 386248 | $ 65959 | $ 36177 | $ (3618) | $ 484766 | $ 2170670 | |||||||||||||||||
42 | 142 | 2019 | $ 1685904 | $ (118726) | $ 125374 | $ 1692552 | $ 484766 | $ 71235 | $ 44480 | $ (4448) | $ 596033 | $ 2288586 | |||||||||||||||||
43 | 132 | 2020 | $ 1692552 | $ (128224) | $ 125146 | $ 1689475 | $ 596033 | $ 76934 | $ 53837 | $ (5384) | $ 721421 | $ 2410896 | |||||||||||||||||
44 | 122 | 2021 | $ 1689475 | $ (138482) | $ 124079 | $ 1675073 | $ 721421 | $ 83089 | $ 64361 | $ (6436) | $ 862435 | $ 2537508 | |||||||||||||||||
45 | 112 | 2022 | $ 1675073 | $ (149560) | $ 122041 | $ 1647554 | $ 862435 | $ 89736 | $ 76174 | $ (7617) | $ 1020727 | $ 2668281 | |||||||||||||||||
46 | 102 | 2023 | $ 1647554 | $ (161525) | $ 118882 | $ 1604911 | $ 1020727 | $ 96915 | $ 89411 | $ (8941) | $ 1198112 | $ 2803024 | |||||||||||||||||
47 | 92 | 2024 | $ 1604911 | $ (174447) | $ 114437 | $ 1544901 | $ 1198112 | $ 104668 | $ 104222 | $ (10422) | $ 1396581 | $ 2941482 | |||||||||||||||||
48 | 82 | 2025 | $ 1544901 | $ (188403) | $ 108520 | $ 1465019 | $ 1396581 | $ 113042 | $ 120770 | $ (12077) | $ 1618315 | $ 3083334 | |||||||||||||||||
49 | 72 | 2026 | $ 1465019 | $ (203475) | $ 100924 | $ 1362467 | $ 1618315 | $ 122085 | $ 139232 | $ (13923) | $ 1865709 | $ 3228176 | |||||||||||||||||
50 | 62 | 2027 | $ 1362467 | $ (219753) | $ 91417 | $ 1234132 | $ 1865709 | $ 131852 | $ 159805 | $ (15980) | $ 2141385 | $ 3375517 | |||||||||||||||||
51 | 52 | 2028 | $ 1234132 | $ (237333) | $ 79744 | $ 1076543 | $ 2141385 | $ 142400 | $ 182703 | $ (18270) | $ 2448217 | $ 3524760 | |||||||||||||||||
52 | 42 | 2029 | $ 1076543 | $ (256320) | $ 65618 | $ 885841 | $ 2448217 | $ 153792 | $ 208161 | $ (20816) | $ 2789354 | $ 3675194 | |||||||||||||||||
53 | 32 | 2030 | $ 885841 | $ (276825) | $ 48721 | $ 657737 | $ 2789354 | $ 166095 | $ 236436 | $ (23644) | $ 3168241 | $ 3825978 | |||||||||||||||||
54 | 22 | 2031 | $ 657737 | $ (298971) | $ 28701 | $ 387467 | $ 3168241 | $ 179383 | $ 267810 | $ (26781) | $ 3588653 | $ 3976119 | |||||||||||||||||
55 | 12 | 2032 | $ 387467 | $ (322889) | $ 5166 | $ 69744 | $ 3588653 | $ 193733 | $ 302591 | $ (30259) | $ 4054718 | $ 4124462 | |||||||||||||||||
56 | 10 | 2033 | $ 69744 | $ (69744) | $ - 0 | $ - 0 | $ 4054718 | $ 41846 | $ 327725 | $ (32773) | $ 4391517 | $ 4391517 | |||||||||||||||||
57 | 10 | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4391517 | $ - 0 | $ 351321 | $ (35132) | $ 4707706 | $ 4707706 | |||||||||||||||||
58 | 10 | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4707706 | $ - 0 | $ 376616 | $ (37662) | $ 5046661 | $ 5046661 | |||||||||||||||||
59 | 10 | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5046661 | $ - 0 | $ 403733 | $ (40373) | $ 5410021 | $ 5410021 | |||||||||||||||||
60 | 10 | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5410021 | $ - 0 | $ 432802 | $ (43280) | $ 5799542 | $ 5799542 | |||||||||||||||||
61 | 10 | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5799542 | $ - 0 | $ 463963 | $ (46396) | $ 6217109 | $ 6217109 | |||||||||||||||||
62 | 10 | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6217109 | $ - 0 | $ 497369 | $ (49737) | $ 6664741 | $ 6664741 | |||||||||||||||||
63 | 10 | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6664741 | $ - 0 | $ 533179 | $ (53318) | $ 7144602 | $ 7144602 | |||||||||||||||||
64 | 10 | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7144602 | $ - 0 | $ 571568 | $ (57157) | $ 7659014 | $ 7659014 | |||||||||||||||||
65 | 10 | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7659014 | $ - 0 | $ 612721 | $ (61272) | $ 8210463 | $ 8210463 | |||||||||||||||||
66 | 10 | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8210463 | $ - 0 | $ 656837 | $ (65684) | $ 8801616 | $ 8801616 | |||||||||||||||||
67 | 10 | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8801616 | $ - 0 | $ 704129 | $ (70413) | $ 9435332 | $ 9435332 | |||||||||||||||||
68 | 10 | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9435332 | $ - 0 | $ 754827 | $ (75483) | $ 10114676 | $ 10114676 | |||||||||||||||||
69 | 10 | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 10114676 | $ - 0 | $ 809174 | $ (80917) | $ 10842933 | $ 10842933 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||
NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||
NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||
NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||
NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||
NA | 2012 | $ 1469328 | $ (1469328) | $ - 0 | $ - 0 | $ - 0 | $ 881597 | $ 70528 | $ (7053) | $ 945072 | $ 945072 | ||||||||||||||
NA | 2013 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 945072 | $ - 0 | $ 75606 | $ (7561) | $ 1013117 | $ 1013117 | ||||||||||||||
NA | 2014 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1013117 | $ - 0 | $ 81049 | $ (8105) | $ 1086061 | $ 1086061 | ||||||||||||||
NA | 2015 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1086061 | $ - 0 | $ 86885 | $ (8688) | $ 1164258 | $ 1164258 | ||||||||||||||
NA | 2016 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1164258 | $ - 0 | $ 93141 | $ (9314) | $ 1248084 | $ 1248084 | ||||||||||||||
NA | 2017 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1248084 | $ - 0 | $ 99847 | $ (9985) | $ 1337946 | $ 1337946 | ||||||||||||||
NA | 2018 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1337946 | $ - 0 | $ 107036 | $ (10704) | $ 1434279 | $ 1434279 | ||||||||||||||
NA | 2019 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1434279 | $ - 0 | $ 114742 | $ (11474) | $ 1537547 | $ 1537547 | ||||||||||||||
NA | 2020 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1537547 | $ - 0 | $ 123004 | $ (12300) | $ 1648250 | $ 1648250 | ||||||||||||||
NA | 2021 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1648250 | $ - 0 | $ 131860 | $ (13186) | $ 1766924 | $ 1766924 | ||||||||||||||
NA | 2022 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1766924 | $ - 0 | $ 141354 | $ (14135) | $ 1894143 | $ 1894143 | ||||||||||||||
NA | 2023 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1894143 | $ - 0 | $ 151531 | $ (15153) | $ 2030521 | $ 2030521 | ||||||||||||||
NA | 2024 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2030521 | $ - 0 | $ 162442 | $ (16244) | $ 2176718 | $ 2176718 | ||||||||||||||
NA | 2025 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2176718 | $ - 0 | $ 174137 | $ (17414) | $ 2333442 | $ 2333442 | ||||||||||||||
NA | 2026 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2333442 | $ - 0 | $ 186675 | $ (18668) | $ 2501450 | $ 2501450 | ||||||||||||||
NA | 2027 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2501450 | $ - 0 | $ 200116 | $ (20012) | $ 2681554 | $ 2681554 | ||||||||||||||
NA | 2028 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2681554 | $ - 0 | $ 214524 | $ (21452) | $ 2874626 | $ 2874626 | ||||||||||||||
NA | 2029 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2874626 | $ - 0 | $ 229970 | $ (22997) | $ 3081599 | $ 3081599 | ||||||||||||||
NA | 2030 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3081599 | $ - 0 | $ 246528 | $ (24653) | $ 3303474 | $ 3303474 | ||||||||||||||
NA | 2031 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3303474 | $ - 0 | $ 264278 | $ (26428) | $ 3541325 | $ 3541325 | ||||||||||||||
NA | 2032 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3541325 | $ - 0 | $ 283306 | $ (28331) | $ 3796300 | $ 3796300 | ||||||||||||||
NA | 2033 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3796300 | $ - 0 | $ 303704 | $ (30370) | $ 4069634 | $ 4069634 | ||||||||||||||
NA | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4069634 | $ - 0 | $ 325571 | $ (32557) | $ 4362647 | $ 4362647 | ||||||||||||||
NA | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4362647 | $ - 0 | $ 349012 | $ (34901) | $ 4676758 | $ 4676758 | ||||||||||||||
NA | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4676758 | $ - 0 | $ 374141 | $ (37414) | $ 5013484 | $ 5013484 | ||||||||||||||
NA | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5013484 | $ - 0 | $ 401079 | $ (40108) | $ 5374455 | $ 5374455 | ||||||||||||||
NA | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5374455 | $ - 0 | $ 429956 | $ (42996) | $ 5761416 | $ 5761416 | ||||||||||||||
NA | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5761416 | $ - 0 | $ 460913 | $ (46091) | $ 6176238 | $ 6176238 | ||||||||||||||
NA | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6176238 | $ - 0 | $ 494099 | $ (49410) | $ 6620927 | $ 6620927 | ||||||||||||||
NA | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6620927 | $ - 0 | $ 529674 | $ (52967) | $ 7097634 | $ 7097634 | ||||||||||||||
NA | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7097634 | $ - 0 | $ 567811 | $ (56781) | $ 7608663 | $ 7608663 | ||||||||||||||
NA | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7608663 | $ - 0 | $ 608693 | $ (60869) | $ 8156487 | $ 8156487 | ||||||||||||||
NA | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8156487 | $ - 0 | $ 652519 | $ (65252) | $ 8743754 | $ 8743754 | ||||||||||||||
NA | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8743754 | $ - 0 | $ 699500 | $ (69950) | $ 9373305 | $ 9373305 | ||||||||||||||
NA | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9373305 | $ - 0 | $ 749864 | $ (74986) | $ 10048183 | $ 10048183 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
Immediate Distribution | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ (1000000) | $ - 0 | $ - 0 | $ - 0 | $ 600000 | $ 48000 | $ (4800) | $ 643200 | $ 643200 | |||||||||||||
NA | 2008 | $ 643200 | $ - 0 | $ 51456 | $ (5146) | $ 689510 | $ 689510 | ||||||||||||||||||
NA | 2009 | $ 689510 | $ - 0 | $ 55161 | $ (5516) | $ 739155 | $ 739155 | ||||||||||||||||||
NA | 2010 | $ 739155 | $ - 0 | $ 59132 | $ (5913) | $ 792374 | $ 792374 | ||||||||||||||||||
NA | 2011 | $ 792374 | $ - 0 | $ 63390 | $ (6339) | $ 849425 | $ 849425 | ||||||||||||||||||
NA | 2012 | $ 849425 | $ - 0 | $ 67954 | $ (6795) | $ 910584 | $ 910584 | ||||||||||||||||||
NA | 2013 | $ 910584 | $ - 0 | $ 72847 | $ (7285) | $ 976146 | $ 976146 | ||||||||||||||||||
NA | 2014 | $ 976146 | $ - 0 | $ 78092 | $ (7809) | $ 1046428 | $ 1046428 | ||||||||||||||||||
NA | 2015 | $ 1046428 | $ - 0 | $ 83714 | $ (8371) | $ 1121771 | $ 1121771 | ||||||||||||||||||
NA | 2016 | $ 1121771 | $ - 0 | $ 89742 | $ (8974) | $ 1202539 | $ 1202539 | ||||||||||||||||||
NA | 2017 | $ 1202539 | $ - 0 | $ 96203 | $ (9620) | $ 1289122 | $ 1289122 | ||||||||||||||||||
NA | 2018 | $ 1289122 | $ - 0 | $ 103130 | $ (10313) | $ 1381938 | $ 1381938 | ||||||||||||||||||
NA | 2019 | $ 1381938 | $ - 0 | $ 110555 | $ (11056) | $ 1481438 | $ 1481438 | ||||||||||||||||||
NA | 2020 | $ 1481438 | $ - 0 | $ 118515 | $ (11852) | $ 1588101 | $ 1588101 | ||||||||||||||||||
NA | 2021 | $ 1588101 | $ - 0 | $ 127048 | $ (12705) | $ 1702445 | $ 1702445 | ||||||||||||||||||
NA | 2022 | $ 1702445 | $ - 0 | $ 136196 | $ (13620) | $ 1825021 | $ 1825021 | ||||||||||||||||||
NA | 2023 | $ 1825021 | $ - 0 | $ 146002 | $ (14600) | $ 1956422 | $ 1956422 | ||||||||||||||||||
NA | 2024 | $ 1956422 | $ - 0 | $ 156514 | $ (15651) | $ 2097285 | $ 2097285 | ||||||||||||||||||
NA | 2025 | $ 2097285 | $ - 0 | $ 167783 | $ (16778) | $ 2248289 | $ 2248289 | ||||||||||||||||||
NA | 2026 | $ 2248289 | $ - 0 | $ 179863 | $ (17986) | $ 2410166 | $ 2410166 | ||||||||||||||||||
NA | 2027 | $ 2410166 | $ - 0 | $ 192813 | $ (19281) | $ 2583698 | $ 2583698 | ||||||||||||||||||
NA | 2028 | $ 2583698 | $ - 0 | $ 206696 | $ (20670) | $ 2769724 | $ 2769724 | ||||||||||||||||||
NA | 2029 | $ 2769724 | $ - 0 | $ 221578 | $ (22158) | $ 2969144 | $ 2969144 | ||||||||||||||||||
NA | 2030 | $ 2969144 | $ - 0 | $ 237532 | $ (23753) | $ 3182923 | $ 3182923 | ||||||||||||||||||
NA | 2031 | $ 3182923 | $ - 0 | $ 254634 | $ (25463) | $ 3412093 | $ 3412093 | ||||||||||||||||||
NA | 2032 | $ 3412093 | $ - 0 | $ 272967 | $ (27297) | $ 3657764 | $ 3657764 | ||||||||||||||||||
NA | 2033 | $ 3657764 | $ - 0 | $ 292621 | $ (29262) | $ 3921123 | $ 3921123 | ||||||||||||||||||
NA | 2034 | $ 3921123 | $ - 0 | $ 313690 | $ (31369) | $ 4203444 | $ 4203444 | ||||||||||||||||||
NA | 2035 | $ 4203444 | $ - 0 | $ 336276 | $ (33628) | $ 4506092 | $ 4506092 | ||||||||||||||||||
NA | 2036 | $ 4506092 | $ - 0 | $ 360487 | $ (36049) | $ 4830530 | $ 4830530 | ||||||||||||||||||
NA | 2037 | $ 4830530 | $ - 0 | $ 386442 | $ (38644) | $ 5178328 | $ 5178328 | ||||||||||||||||||
NA | 2038 | $ 5178328 | $ - 0 | $ 414266 | $ (41427) | $ 5551168 | $ 5551168 | ||||||||||||||||||
NA | 2039 | $ 5551168 | $ - 0 | $ 444093 | $ (44409) | $ 5950852 | $ 5950852 | ||||||||||||||||||
NA | 2040 | $ 5950852 | $ - 0 | $ 476068 | $ (47607) | $ 6379314 | $ 6379314 | ||||||||||||||||||
NA | 2041 | $ 6379314 | $ - 0 | $ 510345 | $ (51035) | $ 6838624 | $ 6838624 | ||||||||||||||||||
NA | 2042 | $ 6838624 | $ - 0 | $ 547090 | $ (54709) | $ 7331005 | $ 7331005 | ||||||||||||||||||
NA | 2043 | $ 7331005 | $ - 0 | $ 586480 | $ (58648) | $ 7858837 | $ 7858837 | ||||||||||||||||||
NA | 2044 | $ 7858837 | $ - 0 | $ 628707 | $ (62871) | $ 8424674 | $ 8424674 | ||||||||||||||||||
NA | 2045 | $ 8424674 | $ - 0 | $ 673974 | $ (67397) | $ 9031250 | $ 9031250 | ||||||||||||||||||
NA | 2046 | $ 9031250 | $ - 0 | $ 722500 | $ (72250) | $ 9681500 | $ 9681500 |
Year 30 | Year 30 | Year 30 | Year 30 | Year 30 | Year 30 |
Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | ||||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 | |||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 |
O amp S Client | |||||||||||||
Inherited IRA Analysis | |||||||||||||
IRA Transfer to Family Summary | |||||||||||||
Year | Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | |||||||
2007 | $ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | |||||||
2008 | $ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | |||||||
2009 | $ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | |||||||
2010 | $ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | |||||||
2011 | $ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | |||||||
2012 | $ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | |||||||
2013 | $ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | |||||||
2014 | $ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | |||||||
2015 | $ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | |||||||
2016 | $ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | |||||||
2017 | $ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | |||||||
2018 | $ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | |||||||
2019 | $ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | |||||||
2020 | $ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | |||||||
2021 | $ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | |||||||
2022 | $ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | |||||||
2023 | $ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | |||||||
2024 | $ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | |||||||
2025 | $ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | |||||||
2026 | $ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | |||||||
2027 | $ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | |||||||
2028 | $ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | |||||||
2029 | $ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | |||||||
2030 | $ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | |||||||
2031 | $ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | |||||||
2032 | $ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | |||||||
2033 | $ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | |||||||
2034 | $ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | |||||||
2035 | $ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | |||||||
2036 | $ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | |||||||
2037 | $ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | |||||||
2038 | $ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | |||||||
2039 | $ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | |||||||
2040 | $ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | |||||||
2041 | $ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | |||||||
2042 | $ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | |||||||
2043 | $ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | |||||||
2044 | $ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | |||||||
2045 | $ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | |||||||
2046 | $ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||
Assumptions | |||||||||||||||||||||||
First Year of Analysis Year of Death | 2007 | ||||||||||||||||||||||
Five-Year Distribution | 0 | ||||||||||||||||||||||
(0=Lump-Sum at End of Five-Year Period 1=Amortize) | |||||||||||||||||||||||
Owner | 65 | ||||||||||||||||||||||
Ss Age | 60 | Single Life Table | Uniform Table | Factor | |||||||||||||||||||
Cs Age | 30 | 0 | 824 | 70 | 274 | NA | |||||||||||||||||
GCs Age | 15 | 1 | 816 | 71 | 265 | NA | |||||||||||||||||
2 | 806 | 72 | 256 | 533 | |||||||||||||||||||
Total IRA Account Balance | $1000000 | 3 | 797 | 73 | 247 | 679 | |||||||||||||||||
Outside Assets Balance | $0 | 4 | 787 | 74 | 238 | ||||||||||||||||||
5 | 777 | 75 | 229 | ||||||||||||||||||||
Growth Rate | 800 | 6 | 767 | 76 | 220 | ||||||||||||||||||
Turnover on Growth | 5000 | 7 | 758 | 77 | 212 | ||||||||||||||||||
8 | 748 | 78 | 203 | ||||||||||||||||||||
Federal Income Tax Rate | 3500 | 9 | 738 | 79 | 195 | ||||||||||||||||||
State Income Tax Rate | 500 | 10 | 728 | 80 | 187 | ||||||||||||||||||
Effective Income Tax Rate | 4000 | 11 | 718 | 81 | 179 | ||||||||||||||||||
12 | 708 | 82 | 171 | ||||||||||||||||||||
Federal Capital Gains Tax Rate | 1500 | 13 | 699 | 83 | 163 | ||||||||||||||||||
State Capital Gains Tax Rate | 500 | 14 | 689 | 84 | 155 | ||||||||||||||||||
Effective Capital Gains Tax Rate | 2000 | 15 | 679 | 85 | 148 | ||||||||||||||||||
16 | 669 | 86 | 141 | ||||||||||||||||||||
17 | 660 | 87 | 134 | ||||||||||||||||||||
18 | 650 | 88 | 127 | ||||||||||||||||||||
19 | 640 | 89 | 120 | ||||||||||||||||||||
20 | 630 | 90 | 114 | ||||||||||||||||||||
21 | 621 | 91 | 108 | ||||||||||||||||||||
22 | 611 | 92 | 102 | ||||||||||||||||||||
23 | 601 | 93 | 96 | ||||||||||||||||||||
24 | 591 | 94 | 91 | ||||||||||||||||||||
25 | 582 | 95 | 86 | ||||||||||||||||||||
26 | 572 | 96 | 81 | ||||||||||||||||||||
27 | 562 | 97 | 76 | ||||||||||||||||||||
28 | 553 | 98 | 71 | ||||||||||||||||||||
29 | 543 | 99 | 67 | ||||||||||||||||||||
30 | 533 | 100 | 63 | ||||||||||||||||||||
31 | 524 | 101 | 59 | ||||||||||||||||||||
32 | 514 | 102 | 55 | ||||||||||||||||||||
33 | 504 | 103 | 52 | ||||||||||||||||||||
34 | 494 | 104 | 49 | ||||||||||||||||||||
35 | 485 | 105 | 45 | ||||||||||||||||||||
36 | 475 | 106 | 42 | ||||||||||||||||||||
37 | 465 | 107 | 39 | ||||||||||||||||||||
38 | 456 | 108 | 37 | ||||||||||||||||||||
39 | 446 | 109 | 34 | ||||||||||||||||||||
40 | 436 | 110 | 31 | ||||||||||||||||||||
41 | 427 | 111 | 29 | ||||||||||||||||||||
42 | 417 | 112 | 26 | ||||||||||||||||||||
43 | 407 | 113 | 24 | ||||||||||||||||||||
44 | 398 | 114 | 21 | ||||||||||||||||||||
45 | 388 | 115 | 19 | ||||||||||||||||||||
46 | 379 | ||||||||||||||||||||||
47 | 370 | ||||||||||||||||||||||
48 | 360 | ||||||||||||||||||||||
49 | 351 | ||||||||||||||||||||||
50 | 342 | ||||||||||||||||||||||
51 | 333 | ||||||||||||||||||||||
52 | 323 | ||||||||||||||||||||||
53 | 314 | ||||||||||||||||||||||
54 | 305 | ||||||||||||||||||||||
55 | 296 | ||||||||||||||||||||||
56 | 287 | ||||||||||||||||||||||
57 | 279 | ||||||||||||||||||||||
58 | 270 | ||||||||||||||||||||||
59 | 261 | ||||||||||||||||||||||
60 | 252 | ||||||||||||||||||||||
61 | 244 | ||||||||||||||||||||||
62 | 235 | ||||||||||||||||||||||
63 | 227 | ||||||||||||||||||||||
64 | 218 | ||||||||||||||||||||||
65 | 210 | ||||||||||||||||||||||
66 | 202 | ||||||||||||||||||||||
67 | 194 | ||||||||||||||||||||||
68 | 186 | ||||||||||||||||||||||
69 | 178 | ||||||||||||||||||||||
70 | 170 | ||||||||||||||||||||||
71 | 163 | ||||||||||||||||||||||
72 | 155 | ||||||||||||||||||||||
73 | 148 | ||||||||||||||||||||||
74 | 141 | ||||||||||||||||||||||
75 | 134 | ||||||||||||||||||||||
76 | 127 | ||||||||||||||||||||||
77 | 121 | ||||||||||||||||||||||
78 | 114 | ||||||||||||||||||||||
79 | 108 | ||||||||||||||||||||||
80 | 102 | ||||||||||||||||||||||
81 | 97 | ||||||||||||||||||||||
82 | 91 | ||||||||||||||||||||||
83 | 86 | ||||||||||||||||||||||
84 | 81 | ||||||||||||||||||||||
85 | 76 | ||||||||||||||||||||||
86 | 71 | ||||||||||||||||||||||
87 | 67 | ||||||||||||||||||||||
88 | 63 | ||||||||||||||||||||||
89 | 59 | ||||||||||||||||||||||
90 | 55 | ||||||||||||||||||||||
91 | 52 | ||||||||||||||||||||||
92 | 49 | ||||||||||||||||||||||
93 | 46 | ||||||||||||||||||||||
94 | 43 | ||||||||||||||||||||||
95 | 41 | ||||||||||||||||||||||
96 | 38 | ||||||||||||||||||||||
97 | 36 | ||||||||||||||||||||||
98 | 34 | ||||||||||||||||||||||
99 | 31 | ||||||||||||||||||||||
100 | 29 | ||||||||||||||||||||||
101 | 27 | ||||||||||||||||||||||
102 | 25 | ||||||||||||||||||||||
103 | 23 | ||||||||||||||||||||||
104 | 21 | ||||||||||||||||||||||
105 | 19 | ||||||||||||||||||||||
106 | 17 | ||||||||||||||||||||||
107 | 15 | ||||||||||||||||||||||
108 | 14 | ||||||||||||||||||||||
109 | 12 | ||||||||||||||||||||||
110 | 11 | ||||||||||||||||||||||
111 | 10 |
O amp S Client | |
Inherited IRA Analysis | |
Overview | |
The Inherited IRA Analysis is a comprehensive income tax analysis designed to show the additional wealth that can be | |
transferred through deferral In particular this analysis looks at six of the most common scenarios which affect IRA | |
owners These scenarios can be summarized as follows | |
Immediate Distribution | |
In this scenario it is assumed the IRA is liquidated in the year of death with the after-tax proceeds being re-invested | |
in a taxable non-qualified account This scenario is analogous to qualified retirement plan situations whereby the | |
beneficiary is required under the provisions of the qualified retirement plan to take the entire balance out as one | |
lump-sum | |
IRA Payable to Non-Qualified Designated Beneficiary | |
This scenario assumes that the IRA is payable to a non-qualified beneficiary (eg estate non-qualified trust etc) | |
To the extent that the decedent-IRA owner is less than age 70frac12 at the time of death the IRA must be fully | |
distributed by December 31st of the year containing the fifth anniversary of the IRA owners death To the extent that | |
the decedent-IRA owner is 70frac12 or older at the time of death the IRA is payable over the decedent-IRA owners ghost | |
life expectancy In this case the factor used in the first year is determined by reference to the Single Life Table using | |
the age of the decedent-IRA owner in the year of death This factor is then reduced by one every year thereafter | |
IRA Payable to Surviving Spouse (No Spousal Rollover) | |
In this scenario it is assumed that the decedent-IRA owners surviving spouse inherits the IRA but chooses to keep | |
the IRA in the decedent-IRA owners name To the extent that the surviving spouse is younger than the decedent-IRA | |
owner it is assumed that the surviving spouses age is used to determine the annual IRA distributions In this case the | |
factor used to determine the surviving spouses annual IRA distribution is by reference to the Single Life Table This | |
process is then repeated each year until the surviving spouse passes away On the other hand if the decedent-IRA | |
owner is younger than the surviving spouse it is assumed that decedent-IRA owners life expectancy is used to | |
determine the annual IRA distributions In this situation the factor used to determine the annual IRA distribution is | |
determined in the first year by reference to the Single Life Table using the decedent-IRA owners age in the year of death | |
Every year thereafter this factor is reduced by one Furthermore regardless of which method that is used it is assumed | |
that the first distribution will not take place until the decedent-IRA owner would have reached age 70frac12 (in the case where | |
the decedent-IRA owner was under age 70frac12 at the time of death) | |
IRA Payable to Surviving Spouse (Spousal Rollover) | |
This particular scenario assumes that instead of keeping the IRA in the name of the decedent-IRA owner (see description | |
above) the surviving spouse rolls over the decedent-IRA owners IRA into her own IRA In this case the surviving spouse | |
may defer taking withdrawals from the IRA until she turns age 70frac12 Once the surviving spouse turns age 70frac12 the | |
annual IRA distribution is determined by reference to the Uniform Lifetime Table using the surviving spouses age each | |
distribution year | |
IRA Payable to Oldest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death | |
IRA Payable to Youngest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death |
NOTE DO NOT PRINT THIS PAGE | |||||||||||||||||||||||
Singular | Possesive | Current Age | Assumed Age Death | ||||||||||||||||||||
IRA Owners First Name | O | Os | 59 | 59 | Amortize | ||||||||||||||||||
Surviving Spouses First Name | S | Ss | 57 | 66 | Lump-Sum | ||||||||||||||||||
Last Name | Client | ||||||||||||||||||||||
Oldest Beneficiarys Name | C | Cs | 60 | NA | |||||||||||||||||||
Youngest Beneficiarys Name | GC | GCs | 15 | NA | |||||||||||||||||||
First Year of Analysis Year of IRA Owners Death | 2007 | ||||||||||||||||||||||
Federal Income Tax Rate | 3500 | ||||||||||||||||||||||
Federal Capital Gains Rate | 1500 | ||||||||||||||||||||||
State Income Tax Rate | 500 | ||||||||||||||||||||||
State Capital Gains Rate | 500 | ||||||||||||||||||||||
IRA Balance | $ 1000000 | ||||||||||||||||||||||
Outside Assets Balance | $ - 0 | ||||||||||||||||||||||
Growth Rate | 800 | ||||||||||||||||||||||
Turnover on Growth | 5000 | ||||||||||||||||||||||
5-Year Payout Option (IRA Owner lt 70) | Lump-Sum | ||||||||||||||||||||||
Denotes mandatory inputs |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Youngest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | GCs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 15 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
16 | 669 | 2008 | $ 1080000 | $ (16143) | $ 85109 | $ 1148965 | $ - 0 | $ 9686 | $ 775 | $ (77) | $ 10383 | $ 1159349 | |||||||||||||||
17 | 659 | 2009 | $ 1148965 | $ (17435) | $ 90522 | $ 1222052 | $ 10383 | $ 10461 | $ 1668 | $ (167) | $ 22345 | $ 1244398 | |||||||||||||||
18 | 649 | 2010 | $ 1222052 | $ (18830) | $ 96258 | $ 1299480 | $ 22345 | $ 11298 | $ 2691 | $ (269) | $ 36065 | $ 1335546 | |||||||||||||||
19 | 639 | 2011 | $ 1299480 | $ (20336) | $ 102332 | $ 1381476 | $ 36065 | $ 12202 | $ 3861 | $ (386) | $ 51742 | $ 1433218 | |||||||||||||||
20 | 629 | 2012 | $ 1381476 | $ (21963) | $ 108761 | $ 1468274 | $ 51742 | $ 13178 | $ 5194 | $ (519) | $ 69594 | $ 1537868 | |||||||||||||||
21 | 619 | 2013 | $ 1468274 | $ (23720) | $ 115564 | $ 1560118 | $ 69594 | $ 14232 | $ 6706 | $ (671) | $ 89862 | $ 1649980 | |||||||||||||||
22 | 609 | 2014 | $ 1560118 | $ (25618) | $ 122760 | $ 1657260 | $ 89862 | $ 15371 | $ 8419 | $ (842) | $ 112809 | $ 1770070 | |||||||||||||||
23 | 599 | 2015 | $ 1657260 | $ (27667) | $ 130367 | $ 1759961 | $ 112809 | $ 16600 | $ 10353 | $ (1035) | $ 138727 | $ 1898688 | |||||||||||||||
24 | 589 | 2016 | $ 1759961 | $ (29880) | $ 138406 | $ 1868487 | $ 138727 | $ 17928 | $ 12532 | $ (1253) | $ 167935 | $ 2036421 | |||||||||||||||
25 | 579 | 2017 | $ 1868487 | $ (32271) | $ 146897 | $ 1983113 | $ 167935 | $ 19363 | $ 14984 | $ (1498) | $ 200783 | $ 2183896 | |||||||||||||||
26 | 569 | 2018 | $ 1983113 | $ (34853) | $ 155861 | $ 2104121 | $ 200783 | $ 20912 | $ 17736 | $ (1774) | $ 237656 | $ 2341777 | |||||||||||||||
27 | 559 | 2019 | $ 2104121 | $ (37641) | $ 165318 | $ 2231799 | $ 237656 | $ 22584 | $ 20819 | $ (2082) | $ 278978 | $ 2510777 | |||||||||||||||
28 | 549 | 2020 | $ 2231799 | $ (40652) | $ 175292 | $ 2366439 | $ 278978 | $ 24391 | $ 24270 | $ (2427) | $ 325212 | $ 2691650 | |||||||||||||||
29 | 539 | 2021 | $ 2366439 | $ (43904) | $ 185803 | $ 2508337 | $ 325212 | $ 26343 | $ 28124 | $ (2812) | $ 376866 | $ 2885203 | |||||||||||||||
30 | 529 | 2022 | $ 2508337 | $ (47417) | $ 196874 | $ 2657794 | $ 376866 | $ 28450 | $ 32425 | $ (3243) | $ 434499 | $ 3092293 | |||||||||||||||
31 | 519 | 2023 | $ 2657794 | $ (51210) | $ 208527 | $ 2815111 | $ 434499 | $ 30726 | $ 37218 | $ (3722) | $ 498721 | $ 3313832 | |||||||||||||||
32 | 509 | 2024 | $ 2815111 | $ (55307) | $ 220784 | $ 2980589 | $ 498721 | $ 33184 | $ 42552 | $ (4255) | $ 570202 | $ 3550791 | |||||||||||||||
33 | 499 | 2025 | $ 2980589 | $ (59731) | $ 233669 | $ 3154526 | $ 570202 | $ 35839 | $ 48483 | $ (4848) | $ 649676 | $ 3804202 | |||||||||||||||
34 | 489 | 2026 | $ 3154526 | $ (64510) | $ 247201 | $ 3337217 | $ 649676 | $ 38706 | $ 55071 | $ (5507) | $ 737945 | $ 4075163 | |||||||||||||||
35 | 479 | 2027 | $ 3337217 | $ (69671) | $ 261404 | $ 3528951 | $ 737945 | $ 41802 | $ 62380 | $ (6238) | $ 835889 | $ 4364840 | |||||||||||||||
36 | 469 | 2028 | $ 3528951 | $ (75244) | $ 276297 | $ 3730003 | $ 835889 | $ 45146 | $ 70483 | $ (7048) | $ 944471 | $ 4674474 | |||||||||||||||
37 | 459 | 2029 | $ 3730003 | $ (81264) | $ 291899 | $ 3940639 | $ 944471 | $ 48758 | $ 79458 | $ (7946) | $ 1064741 | $ 5005380 | |||||||||||||||
38 | 449 | 2030 | $ 3940639 | $ (87765) | $ 308230 | $ 4161104 | $ 1064741 | $ 52659 | $ 89392 | $ (8939) | $ 1197853 | $ 5358957 | |||||||||||||||
39 | 439 | 2031 | $ 4161104 | $ (94786) | $ 325305 | $ 4391623 | $ 1197853 | $ 56872 | $ 100378 | $ (10038) | $ 1345065 | $ 5736688 | |||||||||||||||
40 | 429 | 2032 | $ 4391623 | $ (102369) | $ 343140 | $ 4632395 | $ 1345065 | $ 61421 | $ 112519 | $ (11252) | $ 1507753 | $ 6140148 | |||||||||||||||
41 | 419 | 2033 | $ 4632395 | $ (110558) | $ 361747 | $ 4883583 | $ 1507753 | $ 66335 | $ 125927 | $ (12593) | $ 1687422 | $ 6571005 | |||||||||||||||
42 | 409 | 2034 | $ 4883583 | $ (119403) | $ 381134 | $ 5145315 | $ 1687422 | $ 71642 | $ 140725 | $ (14073) | $ 1885717 | $ 7031031 | |||||||||||||||
43 | 399 | 2035 | $ 5145315 | $ (128955) | $ 401309 | $ 5417668 | $ 1885717 | $ 77373 | $ 157047 | $ (15705) | $ 2104432 | $ 7522100 | |||||||||||||||
44 | 389 | 2036 | $ 5417668 | $ (139272) | $ 422272 | $ 5700668 | $ 2104432 | $ 83563 | $ 175040 | $ (17504) | $ 2345531 | $ 8046199 | |||||||||||||||
45 | 379 | 2037 | $ 5700668 | $ (150413) | $ 444020 | $ 5994275 | $ 2345531 | $ 90248 | $ 194862 | $ (19486) | $ 2611155 | $ 8605430 | |||||||||||||||
46 | 369 | 2038 | $ 5994275 | $ (162446) | $ 466546 | $ 6298375 | $ 2611155 | $ 97468 | $ 216690 | $ (21669) | $ 2903644 | $ 9202019 | |||||||||||||||
47 | 359 | 2039 | $ 6298375 | $ (175442) | $ 489835 | $ 6612767 | $ 2903644 | $ 105265 | $ 240713 | $ (24071) | $ 3225551 | $ 9838318 | |||||||||||||||
48 | 349 | 2040 | $ 6612767 | $ (189478) | $ 513863 | $ 6937153 | $ 3225551 | $ 113687 | $ 267139 | $ (26714) | $ 3579662 | $ 10516815 | |||||||||||||||
49 | 339 | 2041 | $ 6937153 | $ (204636) | $ 538601 | $ 7271118 | $ 3579662 | $ 122781 | $ 296195 | $ (29620) | $ 3969020 | $ 11240138 | |||||||||||||||
50 | 329 | 2042 | $ 7271118 | $ (221007) | $ 564009 | $ 7614121 | $ 3969020 | $ 132604 | $ 328130 | $ (32813) | $ 4396941 | $ 12011061 | |||||||||||||||
51 | 319 | 2043 | $ 7614121 | $ (238687) | $ 590035 | $ 7965468 | $ 4396941 | $ 143212 | $ 363212 | $ (36321) | $ 4867044 | $ 12832512 | |||||||||||||||
52 | 309 | 2044 | $ 7965468 | $ (257782) | $ 616615 | $ 8324301 | $ 4867044 | $ 154669 | $ 401737 | $ (40174) | $ 5383277 | $ 13707578 | |||||||||||||||
53 | 299 | 2045 | $ 8324301 | $ (278405) | $ 643672 | $ 8689568 | $ 5383277 | $ 167043 | $ 444026 | $ (44403) | $ 5949942 | $ 14639510 | |||||||||||||||
54 | 289 | 2046 | $ 8689568 | $ (300677) | $ 671111 | $ 9060002 | $ 5949942 | $ 180406 | $ 490428 | $ (49043) | $ 6571734 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Oldest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
31 | 524 | 2008 | $ 1080000 | $ (20611) | $ 84751 | $ 1144140 | $ - 0 | $ 12366 | $ 989 | $ (99) | $ 13257 | $ 1157397 | |||||||||||||||
32 | 514 | 2009 | $ 1144140 | $ (22260) | $ 89750 | $ 1211631 | $ 13257 | $ 13356 | $ 2129 | $ (213) | $ 28529 | $ 1240160 | |||||||||||||||
33 | 504 | 2010 | $ 1211631 | $ (24040) | $ 95007 | $ 1282598 | $ 28529 | $ 14424 | $ 3436 | $ (344) | $ 46045 | $ 1328644 | |||||||||||||||
34 | 494 | 2011 | $ 1282598 | $ (25964) | $ 100531 | $ 1357166 | $ 46045 | $ 15578 | $ 4930 | $ (493) | $ 66060 | $ 1423226 | |||||||||||||||
35 | 484 | 2012 | $ 1357166 | $ (28041) | $ 106330 | $ 1435455 | $ 66060 | $ 16824 | $ 6631 | $ (663) | $ 88852 | $ 1524308 | |||||||||||||||
36 | 474 | 2013 | $ 1435455 | $ (30284) | $ 112414 | $ 1517585 | $ 88852 | $ 18170 | $ 8562 | $ (856) | $ 114728 | $ 1632313 | |||||||||||||||
37 | 464 | 2014 | $ 1517585 | $ (32707) | $ 118790 | $ 1603669 | $ 114728 | $ 19624 | $ 10748 | $ (1075) | $ 144026 | $ 1747694 | |||||||||||||||
38 | 454 | 2015 | $ 1603669 | $ (35323) | $ 125468 | $ 1693813 | $ 144026 | $ 21194 | $ 13218 | $ (1322) | $ 177115 | $ 1870929 | |||||||||||||||
39 | 444 | 2016 | $ 1693813 | $ (38149) | $ 132453 | $ 1788117 | $ 177115 | $ 22889 | $ 16000 | $ (1600) | $ 214405 | $ 2002522 | |||||||||||||||
40 | 434 | 2017 | $ 1788117 | $ (41201) | $ 139753 | $ 1886670 | $ 214405 | $ 24721 | $ 19130 | $ (1913) | $ 256343 | $ 2143012 | |||||||||||||||
41 | 424 | 2018 | $ 1886670 | $ (44497) | $ 147374 | $ 1989547 | $ 256343 | $ 26698 | $ 22643 | $ (2264) | $ 303420 | $ 2292966 | |||||||||||||||
42 | 414 | 2019 | $ 1989547 | $ (48057) | $ 155319 | $ 2096809 | $ 303420 | $ 28834 | $ 26580 | $ (2658) | $ 356176 | $ 2452985 | |||||||||||||||
43 | 404 | 2020 | $ 2096809 | $ (51901) | $ 163593 | $ 2208501 | $ 356176 | $ 31141 | $ 30985 | $ (3099) | $ 415204 | $ 2623704 | |||||||||||||||
44 | 394 | 2021 | $ 2208501 | $ (56053) | $ 172196 | $ 2324643 | $ 415204 | $ 33632 | $ 35907 | $ (3591) | $ 481152 | $ 2805795 | |||||||||||||||
45 | 384 | 2022 | $ 2324643 | $ (60538) | $ 181128 | $ 2445234 | $ 481152 | $ 36323 | $ 41398 | $ (4140) | $ 554732 | $ 2999966 | |||||||||||||||
46 | 374 | 2023 | $ 2445234 | $ (65381) | $ 190388 | $ 2570242 | $ 554732 | $ 39228 | $ 47517 | $ (4752) | $ 636726 | $ 3206968 | |||||||||||||||
47 | 364 | 2024 | $ 2570242 | $ (70611) | $ 199970 | $ 2699601 | $ 636726 | $ 42367 | $ 54327 | $ (5433) | $ 727987 | $ 3427588 | |||||||||||||||
48 | 354 | 2025 | $ 2699601 | $ (76260) | $ 209867 | $ 2833208 | $ 727987 | $ 45756 | $ 61899 | $ (6190) | $ 829453 | $ 3662661 | |||||||||||||||
49 | 344 | 2026 | $ 2833208 | $ (82361) | $ 220068 | $ 2970915 | $ 829453 | $ 49416 | $ 70310 | $ (7031) | $ 942148 | $ 3913063 | |||||||||||||||
50 | 334 | 2027 | $ 2970915 | $ (88950) | $ 230557 | $ 3112523 | $ 942148 | $ 53370 | $ 79641 | $ (7964) | $ 1067195 | $ 4179718 | |||||||||||||||
51 | 324 | 2028 | $ 3112523 | $ (96066) | $ 241317 | $ 3257774 | $ 1067195 | $ 57639 | $ 89987 | $ (8999) | $ 1205822 | $ 4463596 | |||||||||||||||
52 | 314 | 2029 | $ 3257774 | $ (103751) | $ 252322 | $ 3406345 | $ 1205822 | $ 62250 | $ 101446 | $ (10145) | $ 1359374 | $ 4765719 | |||||||||||||||
53 | 304 | 2030 | $ 3406345 | $ (112051) | $ 263544 | $ 3557838 | $ 1359374 | $ 67230 | $ 114128 | $ (11413) | $ 1529320 | $ 5087158 | |||||||||||||||
54 | 294 | 2031 | $ 3557838 | $ (121015) | $ 274946 | $ 3711769 | $ 1529320 | $ 72609 | $ 128154 | $ (12815) | $ 1717268 | $ 5429037 | |||||||||||||||
55 | 284 | 2032 | $ 3711769 | $ (130696) | $ 286486 | $ 3867559 | $ 1717268 | $ 78418 | $ 143655 | $ (14365) | $ 1924975 | $ 5792533 | |||||||||||||||
56 | 274 | 2033 | $ 3867559 | $ (141152) | $ 298113 | $ 4024520 | $ 1924975 | $ 84691 | $ 160773 | $ (16077) | $ 2154362 | $ 6178881 | |||||||||||||||
57 | 264 | 2034 | $ 4024520 | $ (152444) | $ 309766 | $ 4181842 | $ 2154362 | $ 91466 | $ 179666 | $ (17967) | $ 2407528 | $ 6589369 | |||||||||||||||
58 | 254 | 2035 | $ 4181842 | $ (164639) | $ 321376 | $ 4338578 | $ 2407528 | $ 98784 | $ 200505 | $ (20050) | $ 2686766 | $ 7025344 | |||||||||||||||
59 | 244 | 2036 | $ 4338578 | $ (177811) | $ 332861 | $ 4493629 | $ 2686766 | $ 106686 | $ 223476 | $ (22348) | $ 2994581 | $ 7488210 | |||||||||||||||
60 | 234 | 2037 | $ 4493629 | $ (192035) | $ 344128 | $ 4645721 | $ 2994581 | $ 115221 | $ 248784 | $ (24878) | $ 3333708 | $ 7979429 | |||||||||||||||
61 | 224 | 2038 | $ 4645721 | $ (207398) | $ 355066 | $ 4793389 | $ 3333708 | $ 124439 | $ 276652 | $ (27665) | $ 3707133 | $ 8500522 | |||||||||||||||
62 | 214 | 2039 | $ 4793389 | $ (223990) | $ 365552 | $ 4934951 | $ 3707133 | $ 134394 | $ 307322 | $ (30732) | $ 4118117 | $ 9053068 | |||||||||||||||
63 | 204 | 2040 | $ 4934951 | $ (241909) | $ 375443 | $ 5068485 | $ 4118117 | $ 145146 | $ 341061 | $ (34106) | $ 4570218 | $ 9638702 | |||||||||||||||
64 | 194 | 2041 | $ 5068485 | $ (261262) | $ 384578 | $ 5191800 | $ 4570218 | $ 156757 | $ 378158 | $ (37816) | $ 5067317 | $ 10259117 | |||||||||||||||
65 | 184 | 2042 | $ 5191800 | $ (282163) | $ 392771 | $ 5302408 | $ 5067317 | $ 169298 | $ 418929 | $ (41893) | $ 5613651 | $ 10916059 | |||||||||||||||
66 | 174 | 2043 | $ 5302408 | $ (304736) | $ 399814 | $ 5397486 | $ 5613651 | $ 182842 | $ 463719 | $ (46372) | $ 6213840 | $ 11611326 | |||||||||||||||
67 | 164 | 2044 | $ 5397486 | $ (329115) | $ 405470 | $ 5473841 | $ 6213840 | $ 197469 | $ 512905 | $ (51290) | $ 6872924 | $ 12346764 | |||||||||||||||
68 | 154 | 2045 | $ 5473841 | $ (355444) | $ 409472 | $ 5527868 | $ 6872924 | $ 213267 | $ 566895 | $ (56690) | $ 7596396 | $ 13124264 | |||||||||||||||
69 | 144 | 2046 | $ 5527868 | $ (383880) | $ 411519 | $ 5555507 | $ 7596396 | $ 230328 | $ 626138 | $ (62614) | $ 8390248 | $ 13945755 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | NA | 2012 | $ 1469328 | $ - 0 | $ 117546 | $ 1586874 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1586874 | ||||||||||||||||
66 | 36 | NA | 2013 | $ 1586874 | $ - 0 | $ 126950 | $ 1713824 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1713824 | ||||||||||||||||
37 | 465 | 2014 | $ 1713824 | $ (36856) | $ 134157 | $ 1811125 | $ - 0 | $ 22114 | $ 1769 | $ (177) | $ 23706 | $ 1834831 | |||||||||||||||||
38 | 455 | 2015 | $ 1811125 | $ (39805) | $ 141706 | $ 1913026 | $ 23706 | $ 23883 | $ 3807 | $ (381) | $ 51015 | $ 1964041 | |||||||||||||||||
39 | 445 | 2016 | $ 1913026 | $ (42989) | $ 149603 | $ 2019640 | $ 51015 | $ 25794 | $ 6145 | $ (614) | $ 82339 | $ 2101979 | |||||||||||||||||
40 | 435 | 2017 | $ 2019640 | $ (46428) | $ 157857 | $ 2131068 | $ 82339 | $ 27857 | $ 8816 | $ (882) | $ 118131 | $ 2249198 | |||||||||||||||||
41 | 425 | 2018 | $ 2131068 | $ (50143) | $ 166474 | $ 2247399 | $ 118131 | $ 30086 | $ 11857 | $ (1186) | $ 158888 | $ 2406287 | |||||||||||||||||
42 | 415 | 2019 | $ 2247399 | $ (54154) | $ 175460 | $ 2368705 | $ 158888 | $ 32493 | $ 15310 | $ (1531) | $ 205160 | $ 2573864 | |||||||||||||||||
43 | 405 | 2020 | $ 2368705 | $ (58487) | $ 184817 | $ 2495035 | $ 205160 | $ 35092 | $ 19220 | $ (1922) | $ 257550 | $ 2752585 | |||||||||||||||||
44 | 395 | 2021 | $ 2495035 | $ (63165) | $ 194550 | $ 2626420 | $ 257550 | $ 37899 | $ 23636 | $ (2364) | $ 316721 | $ 2943141 | |||||||||||||||||
45 | 385 | 2022 | $ 2626420 | $ (68219) | $ 204656 | $ 2762857 | $ 316721 | $ 40931 | $ 28612 | $ (2861) | $ 383403 | $ 3146260 | |||||||||||||||||
46 | 375 | 2023 | $ 2762857 | $ (73676) | $ 215134 | $ 2904315 | $ 383403 | $ 44206 | $ 34209 | $ (3421) | $ 458397 | $ 3362712 | |||||||||||||||||
47 | 365 | 2024 | $ 2904315 | $ (79570) | $ 225980 | $ 3050725 | $ 458397 | $ 47742 | $ 40491 | $ (4049) | $ 542581 | $ 3593306 | |||||||||||||||||
48 | 355 | 2025 | $ 3050725 | $ (85936) | $ 237183 | $ 3201972 | $ 542581 | $ 51562 | $ 47531 | $ (4753) | $ 636921 | $ 3838893 | |||||||||||||||||
49 | 345 | 2026 | $ 3201972 | $ (92811) | $ 248733 | $ 3357894 | $ 636921 | $ 55686 | $ 55409 | $ (5541) | $ 742475 | $ 4100369 | |||||||||||||||||
50 | 335 | 2027 | $ 3357894 | $ (100236) | $ 260613 | $ 3518271 | $ 742475 | $ 60141 | $ 64209 | $ (6421) | $ 860405 | $ 4378676 | |||||||||||||||||
51 | 325 | 2028 | $ 3518271 | $ (108254) | $ 272801 | $ 3682818 | $ 860405 | $ 64953 | $ 74029 | $ (7403) | $ 991984 | $ 4674801 | |||||||||||||||||
52 | 315 | 2029 | $ 3682818 | $ (116915) | $ 285272 | $ 3851175 | $ 991984 | $ 70149 | $ 84971 | $ (8497) | $ 1138606 | $ 4989781 | |||||||||||||||||
53 | 305 | 2030 | $ 3851175 | $ (126268) | $ 297993 | $ 4022900 | $ 1138606 | $ 75761 | $ 97149 | $ (9715) | $ 1301801 | $ 5324701 | |||||||||||||||||
54 | 295 | 2031 | $ 4022900 | $ (136369) | $ 310922 | $ 4197453 | $ 1301801 | $ 81822 | $ 110690 | $ (11069) | $ 1483244 | $ 5680696 | |||||||||||||||||
55 | 285 | 2032 | $ 4197453 | $ (147279) | $ 324014 | $ 4374187 | $ 1483244 | $ 88367 | $ 125729 | $ (12573) | $ 1684767 | $ 6058955 | |||||||||||||||||
56 | 275 | 2033 | $ 4374187 | $ (159061) | $ 337210 | $ 4552336 | $ 1684767 | $ 95437 | $ 142416 | $ (14242) | $ 1908379 | $ 6460715 | |||||||||||||||||
57 | 265 | 2034 | $ 4552336 | $ (171786) | $ 350444 | $ 4730994 | $ 1908379 | $ 103072 | $ 160916 | $ (16092) | $ 2156275 | $ 6887269 | |||||||||||||||||
58 | 255 | 2035 | $ 4730994 | $ (185529) | $ 363637 | $ 4909102 | $ 2156275 | $ 111318 | $ 181407 | $ (18141) | $ 2430859 | $ 7339961 | |||||||||||||||||
59 | 245 | 2036 | $ 4909102 | $ (200372) | $ 376698 | $ 5085429 | $ 2430859 | $ 120223 | $ 204087 | $ (20409) | $ 2734760 | $ 7820189 | |||||||||||||||||
60 | 235 | 2037 | $ 5085429 | $ (216401) | $ 389522 | $ 5258550 | $ 2734760 | $ 129841 | $ 229168 | $ (22917) | $ 3070852 | $ 8329402 | |||||||||||||||||
61 | 225 | 2038 | $ 5258550 | $ (233713) | $ 401987 | $ 5426823 | $ 3070852 | $ 140228 | $ 256886 | $ (25689) | $ 3442278 | $ 8869101 | |||||||||||||||||
62 | 215 | 2039 | $ 5426823 | $ (252410) | $ 413953 | $ 5588366 | $ 3442278 | $ 151446 | $ 287498 | $ (28750) | $ 3852472 | $ 9440838 | |||||||||||||||||
63 | 205 | 2040 | $ 5588366 | $ (272603) | $ 425261 | $ 5741024 | $ 3852472 | $ 163562 | $ 321283 | $ (32128) | $ 4305188 | $ 10046212 | |||||||||||||||||
64 | 195 | 2041 | $ 5741024 | $ (294411) | $ 435729 | $ 5882341 | $ 4305188 | $ 176647 | $ 358547 | $ (35855) | $ 4804527 | $ 10686869 | |||||||||||||||||
65 | 185 | 2042 | $ 5882341 | $ (317964) | $ 445150 | $ 6009527 | $ 4804527 | $ 190779 | $ 399624 | $ (39962) | $ 5354968 | $ 11364495 | |||||||||||||||||
66 | 175 | 2043 | $ 6009527 | $ (343402) | $ 453290 | $ 6119416 | $ 5354968 | $ 206041 | $ 444881 | $ (44488) | $ 5961401 | $ 12080817 | |||||||||||||||||
67 | 165 | 2044 | $ 6119416 | $ (370874) | $ 459883 | $ 6208425 | $ 5961401 | $ 222524 | $ 494714 | $ (49471) | $ 6629168 | $ 12837594 | |||||||||||||||||
68 | 155 | 2045 | $ 6208425 | $ (400544) | $ 464631 | $ 6272512 | $ 6629168 | $ 240326 | $ 549560 | $ (54956) | $ 7364098 | $ 13636610 | |||||||||||||||||
69 | 145 | 2046 | $ 6272512 | $ (432587) | $ 467194 | $ 6307119 | $ 7364098 | $ 259552 | $ 609892 | $ (60989) | $ 8172553 | $ 14479672 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (No Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | 210 | 2012 | $ 1469328 | $ (69968) | $ 111949 | $ 1511309 | $ - 0 | $ 41981 | $ 3358 | $ (336) | $ 45003 | $ 1556312 | ||||||||||||||||
66 | 36 | 202 | 2013 | $ 1511309 | $ (74817) | $ 114919 | $ 1551411 | $ 45003 | $ 44890 | $ 7192 | $ (719) | $ 96366 | $ 1647777 | ||||||||||||||||
37 | 192 | 2014 | $ 1551411 | $ (80803) | $ 117649 | $ 1588257 | $ 96366 | $ 48482 | $ 11588 | $ (1159) | $ 155277 | $ 1743534 | |||||||||||||||||
38 | 182 | 2015 | $ 1588257 | $ (87267) | $ 120079 | $ 1621069 | $ 155277 | $ 52360 | $ 16611 | $ (1661) | $ 222587 | $ 1843656 | |||||||||||||||||
39 | 172 | 2016 | $ 1621069 | $ (94248) | $ 122146 | $ 1648967 | $ 222587 | $ 56549 | $ 22331 | $ (2233) | $ 299233 | $ 1948200 | |||||||||||||||||
40 | 162 | 2017 | $ 1648967 | $ (101788) | $ 123774 | $ 1670953 | $ 299233 | $ 61073 | $ 28825 | $ (2882) | $ 386248 | $ 2057201 | |||||||||||||||||
41 | 152 | 2018 | $ 1670953 | $ (109931) | $ 124882 | $ 1685904 | $ 386248 | $ 65959 | $ 36177 | $ (3618) | $ 484766 | $ 2170670 | |||||||||||||||||
42 | 142 | 2019 | $ 1685904 | $ (118726) | $ 125374 | $ 1692552 | $ 484766 | $ 71235 | $ 44480 | $ (4448) | $ 596033 | $ 2288586 | |||||||||||||||||
43 | 132 | 2020 | $ 1692552 | $ (128224) | $ 125146 | $ 1689475 | $ 596033 | $ 76934 | $ 53837 | $ (5384) | $ 721421 | $ 2410896 | |||||||||||||||||
44 | 122 | 2021 | $ 1689475 | $ (138482) | $ 124079 | $ 1675073 | $ 721421 | $ 83089 | $ 64361 | $ (6436) | $ 862435 | $ 2537508 | |||||||||||||||||
45 | 112 | 2022 | $ 1675073 | $ (149560) | $ 122041 | $ 1647554 | $ 862435 | $ 89736 | $ 76174 | $ (7617) | $ 1020727 | $ 2668281 | |||||||||||||||||
46 | 102 | 2023 | $ 1647554 | $ (161525) | $ 118882 | $ 1604911 | $ 1020727 | $ 96915 | $ 89411 | $ (8941) | $ 1198112 | $ 2803024 | |||||||||||||||||
47 | 92 | 2024 | $ 1604911 | $ (174447) | $ 114437 | $ 1544901 | $ 1198112 | $ 104668 | $ 104222 | $ (10422) | $ 1396581 | $ 2941482 | |||||||||||||||||
48 | 82 | 2025 | $ 1544901 | $ (188403) | $ 108520 | $ 1465019 | $ 1396581 | $ 113042 | $ 120770 | $ (12077) | $ 1618315 | $ 3083334 | |||||||||||||||||
49 | 72 | 2026 | $ 1465019 | $ (203475) | $ 100924 | $ 1362467 | $ 1618315 | $ 122085 | $ 139232 | $ (13923) | $ 1865709 | $ 3228176 | |||||||||||||||||
50 | 62 | 2027 | $ 1362467 | $ (219753) | $ 91417 | $ 1234132 | $ 1865709 | $ 131852 | $ 159805 | $ (15980) | $ 2141385 | $ 3375517 | |||||||||||||||||
51 | 52 | 2028 | $ 1234132 | $ (237333) | $ 79744 | $ 1076543 | $ 2141385 | $ 142400 | $ 182703 | $ (18270) | $ 2448217 | $ 3524760 | |||||||||||||||||
52 | 42 | 2029 | $ 1076543 | $ (256320) | $ 65618 | $ 885841 | $ 2448217 | $ 153792 | $ 208161 | $ (20816) | $ 2789354 | $ 3675194 | |||||||||||||||||
53 | 32 | 2030 | $ 885841 | $ (276825) | $ 48721 | $ 657737 | $ 2789354 | $ 166095 | $ 236436 | $ (23644) | $ 3168241 | $ 3825978 | |||||||||||||||||
54 | 22 | 2031 | $ 657737 | $ (298971) | $ 28701 | $ 387467 | $ 3168241 | $ 179383 | $ 267810 | $ (26781) | $ 3588653 | $ 3976119 | |||||||||||||||||
55 | 12 | 2032 | $ 387467 | $ (322889) | $ 5166 | $ 69744 | $ 3588653 | $ 193733 | $ 302591 | $ (30259) | $ 4054718 | $ 4124462 | |||||||||||||||||
56 | 10 | 2033 | $ 69744 | $ (69744) | $ - 0 | $ - 0 | $ 4054718 | $ 41846 | $ 327725 | $ (32773) | $ 4391517 | $ 4391517 | |||||||||||||||||
57 | 10 | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4391517 | $ - 0 | $ 351321 | $ (35132) | $ 4707706 | $ 4707706 | |||||||||||||||||
58 | 10 | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4707706 | $ - 0 | $ 376616 | $ (37662) | $ 5046661 | $ 5046661 | |||||||||||||||||
59 | 10 | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5046661 | $ - 0 | $ 403733 | $ (40373) | $ 5410021 | $ 5410021 | |||||||||||||||||
60 | 10 | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5410021 | $ - 0 | $ 432802 | $ (43280) | $ 5799542 | $ 5799542 | |||||||||||||||||
61 | 10 | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5799542 | $ - 0 | $ 463963 | $ (46396) | $ 6217109 | $ 6217109 | |||||||||||||||||
62 | 10 | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6217109 | $ - 0 | $ 497369 | $ (49737) | $ 6664741 | $ 6664741 | |||||||||||||||||
63 | 10 | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6664741 | $ - 0 | $ 533179 | $ (53318) | $ 7144602 | $ 7144602 | |||||||||||||||||
64 | 10 | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7144602 | $ - 0 | $ 571568 | $ (57157) | $ 7659014 | $ 7659014 | |||||||||||||||||
65 | 10 | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7659014 | $ - 0 | $ 612721 | $ (61272) | $ 8210463 | $ 8210463 | |||||||||||||||||
66 | 10 | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8210463 | $ - 0 | $ 656837 | $ (65684) | $ 8801616 | $ 8801616 | |||||||||||||||||
67 | 10 | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8801616 | $ - 0 | $ 704129 | $ (70413) | $ 9435332 | $ 9435332 | |||||||||||||||||
68 | 10 | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9435332 | $ - 0 | $ 754827 | $ (75483) | $ 10114676 | $ 10114676 | |||||||||||||||||
69 | 10 | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 10114676 | $ - 0 | $ 809174 | $ (80917) | $ 10842933 | $ 10842933 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||
NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||
NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||
NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||
NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||
NA | 2012 | $ 1469328 | $ (1469328) | $ - 0 | $ - 0 | $ - 0 | $ 881597 | $ 70528 | $ (7053) | $ 945072 | $ 945072 | ||||||||||||||
NA | 2013 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 945072 | $ - 0 | $ 75606 | $ (7561) | $ 1013117 | $ 1013117 | ||||||||||||||
NA | 2014 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1013117 | $ - 0 | $ 81049 | $ (8105) | $ 1086061 | $ 1086061 | ||||||||||||||
NA | 2015 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1086061 | $ - 0 | $ 86885 | $ (8688) | $ 1164258 | $ 1164258 | ||||||||||||||
NA | 2016 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1164258 | $ - 0 | $ 93141 | $ (9314) | $ 1248084 | $ 1248084 | ||||||||||||||
NA | 2017 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1248084 | $ - 0 | $ 99847 | $ (9985) | $ 1337946 | $ 1337946 | ||||||||||||||
NA | 2018 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1337946 | $ - 0 | $ 107036 | $ (10704) | $ 1434279 | $ 1434279 | ||||||||||||||
NA | 2019 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1434279 | $ - 0 | $ 114742 | $ (11474) | $ 1537547 | $ 1537547 | ||||||||||||||
NA | 2020 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1537547 | $ - 0 | $ 123004 | $ (12300) | $ 1648250 | $ 1648250 | ||||||||||||||
NA | 2021 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1648250 | $ - 0 | $ 131860 | $ (13186) | $ 1766924 | $ 1766924 | ||||||||||||||
NA | 2022 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1766924 | $ - 0 | $ 141354 | $ (14135) | $ 1894143 | $ 1894143 | ||||||||||||||
NA | 2023 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1894143 | $ - 0 | $ 151531 | $ (15153) | $ 2030521 | $ 2030521 | ||||||||||||||
NA | 2024 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2030521 | $ - 0 | $ 162442 | $ (16244) | $ 2176718 | $ 2176718 | ||||||||||||||
NA | 2025 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2176718 | $ - 0 | $ 174137 | $ (17414) | $ 2333442 | $ 2333442 | ||||||||||||||
NA | 2026 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2333442 | $ - 0 | $ 186675 | $ (18668) | $ 2501450 | $ 2501450 | ||||||||||||||
NA | 2027 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2501450 | $ - 0 | $ 200116 | $ (20012) | $ 2681554 | $ 2681554 | ||||||||||||||
NA | 2028 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2681554 | $ - 0 | $ 214524 | $ (21452) | $ 2874626 | $ 2874626 | ||||||||||||||
NA | 2029 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2874626 | $ - 0 | $ 229970 | $ (22997) | $ 3081599 | $ 3081599 | ||||||||||||||
NA | 2030 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3081599 | $ - 0 | $ 246528 | $ (24653) | $ 3303474 | $ 3303474 | ||||||||||||||
NA | 2031 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3303474 | $ - 0 | $ 264278 | $ (26428) | $ 3541325 | $ 3541325 | ||||||||||||||
NA | 2032 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3541325 | $ - 0 | $ 283306 | $ (28331) | $ 3796300 | $ 3796300 | ||||||||||||||
NA | 2033 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3796300 | $ - 0 | $ 303704 | $ (30370) | $ 4069634 | $ 4069634 | ||||||||||||||
NA | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4069634 | $ - 0 | $ 325571 | $ (32557) | $ 4362647 | $ 4362647 | ||||||||||||||
NA | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4362647 | $ - 0 | $ 349012 | $ (34901) | $ 4676758 | $ 4676758 | ||||||||||||||
NA | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4676758 | $ - 0 | $ 374141 | $ (37414) | $ 5013484 | $ 5013484 | ||||||||||||||
NA | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5013484 | $ - 0 | $ 401079 | $ (40108) | $ 5374455 | $ 5374455 | ||||||||||||||
NA | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5374455 | $ - 0 | $ 429956 | $ (42996) | $ 5761416 | $ 5761416 | ||||||||||||||
NA | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5761416 | $ - 0 | $ 460913 | $ (46091) | $ 6176238 | $ 6176238 | ||||||||||||||
NA | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6176238 | $ - 0 | $ 494099 | $ (49410) | $ 6620927 | $ 6620927 | ||||||||||||||
NA | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6620927 | $ - 0 | $ 529674 | $ (52967) | $ 7097634 | $ 7097634 | ||||||||||||||
NA | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7097634 | $ - 0 | $ 567811 | $ (56781) | $ 7608663 | $ 7608663 | ||||||||||||||
NA | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7608663 | $ - 0 | $ 608693 | $ (60869) | $ 8156487 | $ 8156487 | ||||||||||||||
NA | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8156487 | $ - 0 | $ 652519 | $ (65252) | $ 8743754 | $ 8743754 | ||||||||||||||
NA | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8743754 | $ - 0 | $ 699500 | $ (69950) | $ 9373305 | $ 9373305 | ||||||||||||||
NA | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9373305 | $ - 0 | $ 749864 | $ (74986) | $ 10048183 | $ 10048183 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
Immediate Distribution | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ (1000000) | $ - 0 | $ - 0 | $ - 0 | $ 600000 | $ 48000 | $ (4800) | $ 643200 | $ 643200 | |||||||||||||
NA | 2008 | $ 643200 | $ - 0 | $ 51456 | $ (5146) | $ 689510 | $ 689510 | ||||||||||||||||||
NA | 2009 | $ 689510 | $ - 0 | $ 55161 | $ (5516) | $ 739155 | $ 739155 | ||||||||||||||||||
NA | 2010 | $ 739155 | $ - 0 | $ 59132 | $ (5913) | $ 792374 | $ 792374 | ||||||||||||||||||
NA | 2011 | $ 792374 | $ - 0 | $ 63390 | $ (6339) | $ 849425 | $ 849425 | ||||||||||||||||||
NA | 2012 | $ 849425 | $ - 0 | $ 67954 | $ (6795) | $ 910584 | $ 910584 | ||||||||||||||||||
NA | 2013 | $ 910584 | $ - 0 | $ 72847 | $ (7285) | $ 976146 | $ 976146 | ||||||||||||||||||
NA | 2014 | $ 976146 | $ - 0 | $ 78092 | $ (7809) | $ 1046428 | $ 1046428 | ||||||||||||||||||
NA | 2015 | $ 1046428 | $ - 0 | $ 83714 | $ (8371) | $ 1121771 | $ 1121771 | ||||||||||||||||||
NA | 2016 | $ 1121771 | $ - 0 | $ 89742 | $ (8974) | $ 1202539 | $ 1202539 | ||||||||||||||||||
NA | 2017 | $ 1202539 | $ - 0 | $ 96203 | $ (9620) | $ 1289122 | $ 1289122 | ||||||||||||||||||
NA | 2018 | $ 1289122 | $ - 0 | $ 103130 | $ (10313) | $ 1381938 | $ 1381938 | ||||||||||||||||||
NA | 2019 | $ 1381938 | $ - 0 | $ 110555 | $ (11056) | $ 1481438 | $ 1481438 | ||||||||||||||||||
NA | 2020 | $ 1481438 | $ - 0 | $ 118515 | $ (11852) | $ 1588101 | $ 1588101 | ||||||||||||||||||
NA | 2021 | $ 1588101 | $ - 0 | $ 127048 | $ (12705) | $ 1702445 | $ 1702445 | ||||||||||||||||||
NA | 2022 | $ 1702445 | $ - 0 | $ 136196 | $ (13620) | $ 1825021 | $ 1825021 | ||||||||||||||||||
NA | 2023 | $ 1825021 | $ - 0 | $ 146002 | $ (14600) | $ 1956422 | $ 1956422 | ||||||||||||||||||
NA | 2024 | $ 1956422 | $ - 0 | $ 156514 | $ (15651) | $ 2097285 | $ 2097285 | ||||||||||||||||||
NA | 2025 | $ 2097285 | $ - 0 | $ 167783 | $ (16778) | $ 2248289 | $ 2248289 | ||||||||||||||||||
NA | 2026 | $ 2248289 | $ - 0 | $ 179863 | $ (17986) | $ 2410166 | $ 2410166 | ||||||||||||||||||
NA | 2027 | $ 2410166 | $ - 0 | $ 192813 | $ (19281) | $ 2583698 | $ 2583698 | ||||||||||||||||||
NA | 2028 | $ 2583698 | $ - 0 | $ 206696 | $ (20670) | $ 2769724 | $ 2769724 | ||||||||||||||||||
NA | 2029 | $ 2769724 | $ - 0 | $ 221578 | $ (22158) | $ 2969144 | $ 2969144 | ||||||||||||||||||
NA | 2030 | $ 2969144 | $ - 0 | $ 237532 | $ (23753) | $ 3182923 | $ 3182923 | ||||||||||||||||||
NA | 2031 | $ 3182923 | $ - 0 | $ 254634 | $ (25463) | $ 3412093 | $ 3412093 | ||||||||||||||||||
NA | 2032 | $ 3412093 | $ - 0 | $ 272967 | $ (27297) | $ 3657764 | $ 3657764 | ||||||||||||||||||
NA | 2033 | $ 3657764 | $ - 0 | $ 292621 | $ (29262) | $ 3921123 | $ 3921123 | ||||||||||||||||||
NA | 2034 | $ 3921123 | $ - 0 | $ 313690 | $ (31369) | $ 4203444 | $ 4203444 | ||||||||||||||||||
NA | 2035 | $ 4203444 | $ - 0 | $ 336276 | $ (33628) | $ 4506092 | $ 4506092 | ||||||||||||||||||
NA | 2036 | $ 4506092 | $ - 0 | $ 360487 | $ (36049) | $ 4830530 | $ 4830530 | ||||||||||||||||||
NA | 2037 | $ 4830530 | $ - 0 | $ 386442 | $ (38644) | $ 5178328 | $ 5178328 | ||||||||||||||||||
NA | 2038 | $ 5178328 | $ - 0 | $ 414266 | $ (41427) | $ 5551168 | $ 5551168 | ||||||||||||||||||
NA | 2039 | $ 5551168 | $ - 0 | $ 444093 | $ (44409) | $ 5950852 | $ 5950852 | ||||||||||||||||||
NA | 2040 | $ 5950852 | $ - 0 | $ 476068 | $ (47607) | $ 6379314 | $ 6379314 | ||||||||||||||||||
NA | 2041 | $ 6379314 | $ - 0 | $ 510345 | $ (51035) | $ 6838624 | $ 6838624 | ||||||||||||||||||
NA | 2042 | $ 6838624 | $ - 0 | $ 547090 | $ (54709) | $ 7331005 | $ 7331005 | ||||||||||||||||||
NA | 2043 | $ 7331005 | $ - 0 | $ 586480 | $ (58648) | $ 7858837 | $ 7858837 | ||||||||||||||||||
NA | 2044 | $ 7858837 | $ - 0 | $ 628707 | $ (62871) | $ 8424674 | $ 8424674 | ||||||||||||||||||
NA | 2045 | $ 8424674 | $ - 0 | $ 673974 | $ (67397) | $ 9031250 | $ 9031250 | ||||||||||||||||||
NA | 2046 | $ 9031250 | $ - 0 | $ 722500 | $ (72250) | $ 9681500 | $ 9681500 |
Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | ||||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 | |||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 |
O amp S Client | |||||||||||||
Inherited IRA Analysis | |||||||||||||
IRA Transfer to Family Summary | |||||||||||||
Year | Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | |||||||
2007 | $ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | |||||||
2008 | $ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | |||||||
2009 | $ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | |||||||
2010 | $ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | |||||||
2011 | $ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | |||||||
2012 | $ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | |||||||
2013 | $ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | |||||||
2014 | $ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | |||||||
2015 | $ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | |||||||
2016 | $ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | |||||||
2017 | $ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | |||||||
2018 | $ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | |||||||
2019 | $ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | |||||||
2020 | $ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | |||||||
2021 | $ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | |||||||
2022 | $ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | |||||||
2023 | $ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | |||||||
2024 | $ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | |||||||
2025 | $ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | |||||||
2026 | $ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | |||||||
2027 | $ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | |||||||
2028 | $ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | |||||||
2029 | $ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | |||||||
2030 | $ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | |||||||
2031 | $ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | |||||||
2032 | $ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | |||||||
2033 | $ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | |||||||
2034 | $ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | |||||||
2035 | $ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | |||||||
2036 | $ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | |||||||
2037 | $ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | |||||||
2038 | $ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | |||||||
2039 | $ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | |||||||
2040 | $ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | |||||||
2041 | $ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | |||||||
2042 | $ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | |||||||
2043 | $ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | |||||||
2044 | $ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | |||||||
2045 | $ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | |||||||
2046 | $ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||
Assumptions | |||||||||||||||||||||||
First Year of Analysis Year of Death | 2007 | ||||||||||||||||||||||
Five-Year Distribution | 0 | ||||||||||||||||||||||
(0=Lump-Sum at End of Five-Year Period 1=Amortize) | |||||||||||||||||||||||
Owner | 65 | ||||||||||||||||||||||
Ss Age | 60 | Single Life Table | Uniform Table | Factor | |||||||||||||||||||
Cs Age | 30 | 0 | 824 | 70 | 274 | NA | |||||||||||||||||
GCs Age | 15 | 1 | 816 | 71 | 265 | NA | |||||||||||||||||
2 | 806 | 72 | 256 | 533 | |||||||||||||||||||
Total IRA Account Balance | $1000000 | 3 | 797 | 73 | 247 | 679 | |||||||||||||||||
Outside Assets Balance | $0 | 4 | 787 | 74 | 238 | ||||||||||||||||||
5 | 777 | 75 | 229 | ||||||||||||||||||||
Growth Rate | 800 | 6 | 767 | 76 | 220 | ||||||||||||||||||
Turnover on Growth | 5000 | 7 | 758 | 77 | 212 | ||||||||||||||||||
8 | 748 | 78 | 203 | ||||||||||||||||||||
Federal Income Tax Rate | 3500 | 9 | 738 | 79 | 195 | ||||||||||||||||||
State Income Tax Rate | 500 | 10 | 728 | 80 | 187 | ||||||||||||||||||
Effective Income Tax Rate | 4000 | 11 | 718 | 81 | 179 | ||||||||||||||||||
12 | 708 | 82 | 171 | ||||||||||||||||||||
Federal Capital Gains Tax Rate | 1500 | 13 | 699 | 83 | 163 | ||||||||||||||||||
State Capital Gains Tax Rate | 500 | 14 | 689 | 84 | 155 | ||||||||||||||||||
Effective Capital Gains Tax Rate | 2000 | 15 | 679 | 85 | 148 | ||||||||||||||||||
16 | 669 | 86 | 141 | ||||||||||||||||||||
17 | 660 | 87 | 134 | ||||||||||||||||||||
18 | 650 | 88 | 127 | ||||||||||||||||||||
19 | 640 | 89 | 120 | ||||||||||||||||||||
20 | 630 | 90 | 114 | ||||||||||||||||||||
21 | 621 | 91 | 108 | ||||||||||||||||||||
22 | 611 | 92 | 102 | ||||||||||||||||||||
23 | 601 | 93 | 96 | ||||||||||||||||||||
24 | 591 | 94 | 91 | ||||||||||||||||||||
25 | 582 | 95 | 86 | ||||||||||||||||||||
26 | 572 | 96 | 81 | ||||||||||||||||||||
27 | 562 | 97 | 76 | ||||||||||||||||||||
28 | 553 | 98 | 71 | ||||||||||||||||||||
29 | 543 | 99 | 67 | ||||||||||||||||||||
30 | 533 | 100 | 63 | ||||||||||||||||||||
31 | 524 | 101 | 59 | ||||||||||||||||||||
32 | 514 | 102 | 55 | ||||||||||||||||||||
33 | 504 | 103 | 52 | ||||||||||||||||||||
34 | 494 | 104 | 49 | ||||||||||||||||||||
35 | 485 | 105 | 45 | ||||||||||||||||||||
36 | 475 | 106 | 42 | ||||||||||||||||||||
37 | 465 | 107 | 39 | ||||||||||||||||||||
38 | 456 | 108 | 37 | ||||||||||||||||||||
39 | 446 | 109 | 34 | ||||||||||||||||||||
40 | 436 | 110 | 31 | ||||||||||||||||||||
41 | 427 | 111 | 29 | ||||||||||||||||||||
42 | 417 | 112 | 26 | ||||||||||||||||||||
43 | 407 | 113 | 24 | ||||||||||||||||||||
44 | 398 | 114 | 21 | ||||||||||||||||||||
45 | 388 | 115 | 19 | ||||||||||||||||||||
46 | 379 | ||||||||||||||||||||||
47 | 370 | ||||||||||||||||||||||
48 | 360 | ||||||||||||||||||||||
49 | 351 | ||||||||||||||||||||||
50 | 342 | ||||||||||||||||||||||
51 | 333 | ||||||||||||||||||||||
52 | 323 | ||||||||||||||||||||||
53 | 314 | ||||||||||||||||||||||
54 | 305 | ||||||||||||||||||||||
55 | 296 | ||||||||||||||||||||||
56 | 287 | ||||||||||||||||||||||
57 | 279 | ||||||||||||||||||||||
58 | 270 | ||||||||||||||||||||||
59 | 261 | ||||||||||||||||||||||
60 | 252 | ||||||||||||||||||||||
61 | 244 | ||||||||||||||||||||||
62 | 235 | ||||||||||||||||||||||
63 | 227 | ||||||||||||||||||||||
64 | 218 | ||||||||||||||||||||||
65 | 210 | ||||||||||||||||||||||
66 | 202 | ||||||||||||||||||||||
67 | 194 | ||||||||||||||||||||||
68 | 186 | ||||||||||||||||||||||
69 | 178 | ||||||||||||||||||||||
70 | 170 | ||||||||||||||||||||||
71 | 163 | ||||||||||||||||||||||
72 | 155 | ||||||||||||||||||||||
73 | 148 | ||||||||||||||||||||||
74 | 141 | ||||||||||||||||||||||
75 | 134 | ||||||||||||||||||||||
76 | 127 | ||||||||||||||||||||||
77 | 121 | ||||||||||||||||||||||
78 | 114 | ||||||||||||||||||||||
79 | 108 | ||||||||||||||||||||||
80 | 102 | ||||||||||||||||||||||
81 | 97 | ||||||||||||||||||||||
82 | 91 | ||||||||||||||||||||||
83 | 86 | ||||||||||||||||||||||
84 | 81 | ||||||||||||||||||||||
85 | 76 | ||||||||||||||||||||||
86 | 71 | ||||||||||||||||||||||
87 | 67 | ||||||||||||||||||||||
88 | 63 | ||||||||||||||||||||||
89 | 59 | ||||||||||||||||||||||
90 | 55 | ||||||||||||||||||||||
91 | 52 | ||||||||||||||||||||||
92 | 49 | ||||||||||||||||||||||
93 | 46 | ||||||||||||||||||||||
94 | 43 | ||||||||||||||||||||||
95 | 41 | ||||||||||||||||||||||
96 | 38 | ||||||||||||||||||||||
97 | 36 | ||||||||||||||||||||||
98 | 34 | ||||||||||||||||||||||
99 | 31 | ||||||||||||||||||||||
100 | 29 | ||||||||||||||||||||||
101 | 27 | ||||||||||||||||||||||
102 | 25 | ||||||||||||||||||||||
103 | 23 | ||||||||||||||||||||||
104 | 21 | ||||||||||||||||||||||
105 | 19 | ||||||||||||||||||||||
106 | 17 | ||||||||||||||||||||||
107 | 15 | ||||||||||||||||||||||
108 | 14 | ||||||||||||||||||||||
109 | 12 | ||||||||||||||||||||||
110 | 11 | ||||||||||||||||||||||
111 | 10 |
O amp S Client | |
Inherited IRA Analysis | |
Overview | |
The Inherited IRA Analysis is a comprehensive income tax analysis designed to show the additional wealth that can be | |
transferred through deferral In particular this analysis looks at six of the most common scenarios which affect IRA | |
owners These scenarios can be summarized as follows | |
Immediate Distribution | |
In this scenario it is assumed the IRA is liquidated in the year of death with the after-tax proceeds being re-invested | |
in a taxable non-qualified account This scenario is analogous to qualified retirement plan situations whereby the | |
beneficiary is required under the provisions of the qualified retirement plan to take the entire balance out as one | |
lump-sum | |
IRA Payable to Non-Qualified Designated Beneficiary | |
This scenario assumes that the IRA is payable to a non-qualified beneficiary (eg estate non-qualified trust etc) | |
To the extent that the decedent-IRA owner is less than age 70frac12 at the time of death the IRA must be fully | |
distributed by December 31st of the year containing the fifth anniversary of the IRA owners death To the extent that | |
the decedent-IRA owner is 70frac12 or older at the time of death the IRA is payable over the decedent-IRA owners ghost | |
life expectancy In this case the factor used in the first year is determined by reference to the Single Life Table using | |
the age of the decedent-IRA owner in the year of death This factor is then reduced by one every year thereafter | |
IRA Payable to Surviving Spouse (No Spousal Rollover) | |
In this scenario it is assumed that the decedent-IRA owners surviving spouse inherits the IRA but chooses to keep | |
the IRA in the decedent-IRA owners name To the extent that the surviving spouse is younger than the decedent-IRA | |
owner it is assumed that the surviving spouses age is used to determine the annual IRA distributions In this case the | |
factor used to determine the surviving spouses annual IRA distribution is by reference to the Single Life Table This | |
process is then repeated each year until the surviving spouse passes away On the other hand if the decedent-IRA | |
owner is younger than the surviving spouse it is assumed that decedent-IRA owners life expectancy is used to | |
determine the annual IRA distributions In this situation the factor used to determine the annual IRA distribution is | |
determined in the first year by reference to the Single Life Table using the decedent-IRA owners age in the year of death | |
Every year thereafter this factor is reduced by one Furthermore regardless of which method that is used it is assumed | |
that the first distribution will not take place until the decedent-IRA owner would have reached age 70frac12 (in the case where | |
the decedent-IRA owner was under age 70frac12 at the time of death) | |
IRA Payable to Surviving Spouse (Spousal Rollover) | |
This particular scenario assumes that instead of keeping the IRA in the name of the decedent-IRA owner (see description | |
above) the surviving spouse rolls over the decedent-IRA owners IRA into her own IRA In this case the surviving spouse | |
may defer taking withdrawals from the IRA until she turns age 70frac12 Once the surviving spouse turns age 70frac12 the | |
annual IRA distribution is determined by reference to the Uniform Lifetime Table using the surviving spouses age each | |
distribution year | |
IRA Payable to Oldest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death | |
IRA Payable to Youngest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death |
NOTE DO NOT PRINT THIS PAGE | |||||||||||||||||||||||
Singular | Possesive | Current Age | Assumed Age Death | ||||||||||||||||||||
IRA Owners First Name | O | Os | 59 | 59 | Amortize | ||||||||||||||||||
Surviving Spouses First Name | S | Ss | 57 | 66 | Lump-Sum | ||||||||||||||||||
Last Name | Client | ||||||||||||||||||||||
Oldest Beneficiarys Name | C | Cs | 60 | NA | |||||||||||||||||||
Youngest Beneficiarys Name | GC | GCs | 15 | NA | |||||||||||||||||||
First Year of Analysis Year of IRA Owners Death | 2007 | ||||||||||||||||||||||
Federal Income Tax Rate | 3500 | ||||||||||||||||||||||
Federal Capital Gains Rate | 1500 | ||||||||||||||||||||||
State Income Tax Rate | 500 | ||||||||||||||||||||||
State Capital Gains Rate | 500 | ||||||||||||||||||||||
IRA Balance | $ 1000000 | ||||||||||||||||||||||
Outside Assets Balance | $ - 0 | ||||||||||||||||||||||
Growth Rate | 800 | ||||||||||||||||||||||
Turnover on Growth | 5000 | ||||||||||||||||||||||
5-Year Payout Option (IRA Owner lt 70) | Lump-Sum | ||||||||||||||||||||||
Denotes mandatory inputs |
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 4
Stretch Out IRAsldquoInheritedrdquo IRA
Objective Prolong IRA payments over longest possible period of time thus increasing wealth to future generations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 5
Pre-Secure Bill Distribution Flowchart
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 6
Stretch Out IRAsldquoInheritedrdquo IRA
bull An IRA is treated as ldquoinheritedrdquo if the individual for whose benefit the IRA is maintained acquired the IRA on account of the death of the original owner
bull Under Pre-Secure law the IRA assets could be distributed based upon the life expectancy of the beneficiary
IRC Sec 401(a)(9)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 7
Stretch Out IRAsldquoInheritedrdquo IRA
bull Two Strategiesndash Spousal Rolloverndash Inherited IRA
bull Advantages ndash Rollover delays RMD until spousersquos own RBDndash Inherited IRA provisions allow beneficiaryrsquos life
expectancy to be used for distributions after death of IRA owner
Both Still Available After the Secure Act
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 8
Stretch Out IRAsldquoInheritedrdquo IRA ndash Spousal Beneficiary ndash Rollover
bull Exception to Inherited IRA rulesbull Only available to surviving spousebull Allows spouse to roll over assets received as beneficiary to a
new IRA in hisher own namebull Spousersquos age used to determine when required minimum
distributions must beginbull Spouse may use the Uniform Lifetime Table to determine
distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 9
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
bull Scenariosndash Immediate distributionndash IRA payable to non-qualified beneficiary (five-year rule)ndash IRA payable to surviving spouse (no spousal rollover)ndash IRA payable to surviving spouse (spousal rollover)ndash IRA payable to childndash IRA payable to grandchild
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 10
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
bull Assumptionsndash IRA ownerrsquos age ndash 65ndash Spousersquos age ndash 60 ndash Childrsquos age ndash 35ndash Grandchildrsquos age ndash 10
ndash IRA balance ndash $1000000ndash Brokerage account balance ndash $0
ndash Pre-tax growth rate ndash 8ndash Ordinary income tax rate ndash 40ndash Capital gains tax rate ndash 20
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 11
Summary
YearImmediate Distribution
IRA Payable to Non-Qualified
Designated Beneficiary (ie
5-Year Rule)
IRA Payable to Surviving
Spouse (No Spousal Rollover)
IRA Payable to Surviving Spouse
(Spousal Rollover)
IRA Payable to Oldest Non-
Spousal Beneficiary
IRA Payable to Youngest Non-
Spousal Beneficiary
2007 643200$ 1080000$ 1080000$ 1080000$ 1080000$ 1080000$ 2011 849425$ 1469328$ 1469328$ 1469328$ 1423226$ 1433218$ 2016 1202539$ 1248084$ 1948200$ 2101979$ 2002522$ 2036421$ 2021 1702445$ 1766924$ 2537508$ 2943141$ 2805795$ 2885203$ 2026 2410166$ 2501450$ 3228176$ 4100369$ 3913063$ 4075163$ 2036 4830530$ 5013484$ 5410021$ 7820189$ 7488210$ 8046199$ 2046 9681500$ 10048183$ 10842933$ 14479672$ 13945755$ 15631736$
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 12
Summary ndash Year 30IRA Transfer to Family
(The Power of Deferral)
$4500000
$5000000
$5500000
$6000000
$6500000
$7000000
$7500000
$8000000
$8500000
Year 30
YearImmediate DistributionIRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule)IRA Payable to Surviving Spouse (No Spousal Rollover)IRA Payable to Surviving Spouse (Spousal Rollover)IRA Payable to Oldest Non-Spousal BeneficiaryIRA Payable to Youngest Non-Spousal Beneficiary
Stretch Out IRAsldquoInheritedrdquo IRA ndash Case Study
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 13
Understanding the Final 401(a)(9) Regulations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 14
401(a)(9) RegulationsFoundational Concepts ndash Required Beginning Date (RBD)
bull Required Beginning Date (RBD) Generally April 1 of the year following the year the owner turns age 70frac12
bull Once at RBD required minimum distributions (RMD) must occur every year by December 31st
THE SECURE ACTINCREASES THE RBD TO AGE 72
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 15
401(a)(9) RegulationsFoundational Concepts ndash Required Minimum
Distribution (RMD)bull RMDs are calculated based upon the aggregate
prior year ending account balance divided by the applicable life expectancy factor
Prior Year1231 Balance
Life Expectancy Factor
RMD =
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 16
Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor Age Divisor
0 824 16 669 32 514 48 360 64 218 80 102 96 381 816 17 660 33 504 49 351 65 210 81 97 97 362 806 18 650 34 494 50 342 66 202 82 91 98 343 797 19 640 35 485 51 333 67 194 83 86 99 314 787 20 630 36 475 52 323 68 186 84 81 100 295 777 21 621 37 465 53 314 69 178 85 76 101 276 767 22 611 38 456 54 305 70 170 86 71 102 257 758 23 601 39 446 55 296 71 163 87 67 103 238 748 24 591 40 436 56 287 72 155 88 63 104 219 738 25 582 41 427 57 279 73 148 89 59 105 1910 728 26 572 42 417 58 270 74 141 90 55 106 1711 718 27 562 43 407 59 261 75 134 91 52 107 1512 708 28 553 44 398 60 252 76 127 92 49 108 1413 699 29 543 45 388 61 244 77 121 93 46 109 1214 689 30 533 46 379 62 235 78 114 94 43 110 1115 679 31 524 47 370 63 227 79 108 95 41 111 10
401(a)(9) RegulationsFoundational Concepts
Single Life Table
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 17
401(a)(9) RegulationsFoundational Concepts ndash Pre-Secure Bill
Five-Year Rule
Death Before Required Beginning Date
Death On or After Required Beginning Date
Designated Beneficiary
Non-Designated Beneficiary
Ownerrsquos ldquoGhostrdquo Life Expectancy Rule
Life Expectancy Rule
Life Expectancy Rule
Both the Five-Year and ldquoGhostrdquo Life Expectancy appear to have survived the Secure ACT for non-designated beneficiaries
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 18
SECURE BILLKEY CHANGES
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 19
RMDs after Death
EFFECTIVE DATEDeaths which Occur After
123119
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 20
RMDs after Death
Basically requires all IRAs Roth IRAS and Qualified Plans to be distributed within 10-years
of death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 21
Age of (Oldest Trust) Beneficiary 40
IRA Balance 1000000$
Pre-Tax Growth Rate 600
After-Tax Growth Rate 475
Average Income Tax Rate - Life Expectancy Rule 2400
Average Income Tax Rate - Ten Year Rule 2800
Distributions Occur at Beginning or End of Period End
Lump-Sum Distribution or Amortize Payments Amortize
Ten-Year vs Life Expectancy
Example
RMDs after Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 22
Example
RMDs after Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 23
RMDs after Death
ndash Surviving Spousendash The employeersquos Children under the
age of majority (not grandchildren or any other children)
ndash Disabledndash Chronically illndash Individual not more than ten years
younger than employee
Exceptions from the 10-year Rule for certain beneficiaries (ldquoeligible designated beneficiaryrdquo)
sectsect 401(a)(2)(E)(ii)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 24
Secure Act Beneficiary RMD SummaryDraft
Tax Terminology Designated Non-Eligible Beneficiary
Surviving Spouse
Eligible Minor Child
Person Less Than 10 Years Younger
Disabled or Chronically Ill
Person
Outright Beneficiary
10-Year Rule Life Expectancy Rule
Life Expectancy Rule (Until Majority then 10-Year Rule)
Life Expectancy Rule
Life Expectancy Rule
Conduit Trust 10-Year Rule Life Expectancy Rule
Life Expectancy Rule (Until Majority then 10-Year Rule)
Life Expectancy Rule
Life Expectancy Rule
Designated Beneficiary Trust
10-Year Rule 10-Year Rule 10-Year Rule 10-Year Rule Life Expectancy Rule
Non-Designated Beneficiary Trust
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
Before RBD 5-Year Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
After RBD Ghost Life Expectancy Rule
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 25
Trusts for Disabled and Chronically Ill Beneficiaries
bull Life Expectancy Treatment is Available with a ldquoEligible Designated Beneficiary Trustrdquo
bull Need to Draft an Accumulation Trustbull Roth IRAs may work better due to
ndash The difference in the individual and trust tax ratesndash The ability to pay the income tax on conversion out of
nonqualified funds
bull Two trusts is advisable if the client has both a traditional IRA and a Roth IRA ndash this avoids ldquotrappingrdquo the taxable IRA income
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 26
Math of the Conduit Trust Disaster
bull A conduit (ldquosafendashhavenrdquo) trust requires all RMDs to be paid annually
bull This worked well under the life expectancy rules bull However it is a disaster under the 10-year rulebull In year ten the entire remaining IRA balance must be
paid to the beneficiary
IRA Trust Beneficiary$142387 $142387
Distribution Distribution
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 27
The Conduit Trust DisasterIllustrated
Years after RMDDeath Age Current Method Equal Schedule Full Deferral
0 30 $18762 $142378 $01 31 $20100 $142378 $02 32 $21535 $142378 $03 33 $23072 $142378 $04 34 $24720 $142378 $05 35 $26486 $142378 $06 36 $28379 $142378 $07 37 $30409 $142378 $08 38 $32584 $142378 $09 39 $34917 $142378 $0
10 40 $37417 $142378 $1967151
10-Year Rule Options
Assumes $1000000 IRA at death amp a 7 interest rate
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 28
Ten Year Rule - Roth vs Traditional IRA
bull If minimizing income taxation is the only concern Roth distributions after death should generally be deferred until the end of the Ten-Year period ndash ldquoThe Roth Reprieverdquo
bull Traditional IRA distributions will be tactically withdrawn to manage income tax rates
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 29
The Roth ReprieveRoth conversion example to illustrate the value of the ldquoRoth Reprieverdquo Consider the following
ndash 66 year-old IRA married owner who expects to live to 85ndash She can undertake a $100000 conversion within the 24
bracket to avoid confusing the driving factors of model assume all future taxable distributions from the IRA are subject to a 24 rate
ndash She pays the conversion tax without ldquooutside fundsrdquondash Assume a pre-tax rate of return of 6 and after tax-tax rate
of return of 5ndash Assume the 10-year rule deferral is taken advantage of in
full
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 30
The Roth Reprieve
Death
Final Distribution
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 31
Tax-Driven Beneficiary Designations
bull Utilize Spousal Rolloversbull Utilize Exception Beneficiariesbull Avoid the application of the Five-Year Rule with an
outright beneficiary or a Designated Beneficiary Trustbull Consider forcing the Ghost Life Expectancy Rule to
apply for clients aged 72 to 81
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 32
Tax-Driven Beneficiary Designations
bull Examples ndash Universal Assumptionsndash 6 pre-tax return ndash 5 after-tax return very conservative differencendash Distributions are subject to a 25 average tax rate ndash held
constant to avoid confusion regarding the changes provided by the new law
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 33
Tax-Driven Beneficiary Designations
bull Example 1ndash Consider a 76-year-old surviving spouse who expects to
live to age 85ndash What is the value of capturing the Spousal Rollover for a
$1000000 IRA
Spouse as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 34
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 35
Tax-Driven Beneficiary Designations
bull Example 1 ndash Lessonndash The exemption from the 10-year rule provides limited
additional valuendash A spousal rollover is still prudentndash This is because the Uniform Lifetime Table provides for a
longer life expectancy than the Single Life Table
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 36
Tax-Driven Beneficiary Designations
bull Example 2ndash Consider 40-year-old married doctors with a seven-year-
old childndash Assume the doctors have saved $300000 in their pre-tax
401ksndash Is it worthwhile to name their child as the IRA beneficiary
compared an ineligible beneficiary in case of accidental death
Minor Child as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 37
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 38
Tax-Driven Beneficiary Designations
bull Example 2 ndash Lessonndash The additional deferral provides significant value with timendash The RMDs required before reaching age 26 are relatively
smallndash The distributions required from ages 27-36 must be
managed and thought through to minimize negative tax and other life consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 39
Tax-Driven Beneficiary Designations
bull Example 3 - 1ndash Consider a 60 year-old surviving spouse and a 30 year old disabled
childndash Therersquos at least $1000000 in the deceased clientrsquos IRA beyond which
the surviving spouse never expects to need ndash Assume the surviving spousersquos life expectancy is 85 and the disabled
childrsquos is 55 (both expect to live 25 more years)ndash Compare naming the surviving spouse versus the child as beneficiary
Disabled Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 40
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 41
Tax-Driven Beneficiary Designations
bull Example 3 ndash 1 ndash Lessons ndash The example assumes the disabled child is expected to die at about of
the same age surviving spouse thereby eliminating the requirement for a multi-step analysis
ndash The Surviving Spouse is able to defer taking RMDs until age 72 thereby allowing that option to overcome the benefit of reduced RMDs for the disabled child
ndash Should the disabled child outlive the Surviving Spouse if the rollover option was used taking advantage of the disability exemption remains available and advisable
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 42
Tax-Driven Beneficiary Designations
bull Example 3 - 2ndash Consider the same example except with different agesndash Assume the surviving spouse is 76 and expects to live to 85ndash Assume the disabled child is 51 and expects to live to 60 ndash Both expect to live 9 more years
Disabled Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 43
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 44
Tax-Driven Beneficiary Designations
bull Example 3 ndash 2 ndash Lessons ndash The example assumes the disabled child is expected to die at about
the same age surviving spouse thereby eliminating the requirement for a multi-step analysis
ndash The benefit of the reduced RMDs for the disabled beneficiary allows for more wealth accumulation despite the equal life expectancies
ndash A disclaim plan might be prudent
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 45
Tax-Driven Beneficiary Designations
bull Example 4ndash Consider a client undertaking death-bed planning who would like to
leave $100000 to his chronically ill nephewndash Assume the nephew will be 70 when the client dies with a life
expectancy of two yearsndash Does this plan make sense
Chronically Ill Person as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 46
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 47
Tax-Driven Beneficiary Designations
bull Example 4 Lessonsndash The plan provides a nominal additional benefit because the IRA is
distributed over 2-3 additional years beyond what the 10-year rule allows
ndash However importantly ndash unlike under previous law ndash this plan does not decrease wealth transfer to the surviving family due to negative tax consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 48
Tax-Driven Beneficiary Designations
bull Example 5 -1ndash Consider a client who would like to leave $250000 to her younger
cousinndash The cousin is 9-years younger than the clientndash The cousin is 75 years-old and is expected to live to age 84ndash Does this plan make sense
Person Not More than 10-Years Younger as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 49
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 50
Tax-Driven Beneficiary Designations
bull Example 5-1 Lessonsndash The plan provides a some additional benefit because the IRA is
distributed over 9-10 additional years beyond what the 10-year rule allows
ndash However importantly ndash unlike under previous law ndash this plan does not decrease wealth transfer to the surviving family due to negative tax consequences
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 51
Tax-Driven Beneficiary Designations
bull Example 5-2ndash Consider a 35-year old childless divorcee re-building his estate plan in
case of accidental deathndash Among other significant assets he has $150000 of assets in his 401k
and IRAsndash Does naming his youngest brother who is 27 as the designated
beneficiary make sense from a tax perspectivendash Assume his brother has a normal has a life expectancy of 85
Person Not More than 10-Years Younger as Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 52
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 53
Tax-Driven Beneficiary Designations
bull Example 5-2 Lessonsndash The plan is excellent from a tax-perspective and provides a identical
ldquostretchrdquo available under previous law
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 54
Tax-Driven Beneficiary Designations
bull Example 6-1ndash Consider a 72-year-old who wants to leave her IRA to her only child
who is not an eligible designated beneficiaryndash You are debating whether to advise her to name an non-qualified
designated beneficiary or a qualified designated beneficiary to most efficiently transfer the funds
ndash Assume 6 pre-tax return and a 5 after-tax returnndash Assume the distributions are subject to a 25 average tax ratendash Which is better for her $1000000 IRA the ten-year rule or the
ldquoghostrdquo life expectancy rule
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 55
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 56
Tax-Driven Beneficiary Designations
bull Example 6-2ndash Now consider a similarly situated client who is age 87ndash Does the an non-qualified designated beneficiary named still make
sensendash Assume 6 pre-tax return and a 5 after-tax returnndash Assume the distributions are subject to a 25 average tax rate
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 57
Tax-Driven Beneficiary Designations
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 58
Tax-Driven Beneficiary Designations
bull Examples 6 Lessonndash If the RMD factor is less than
ten can make sense to force the ghost life expectancy rule
ndash However the ldquoghostrdquo life expectancy rule forces RMDs annually whereas the ten-year rule does not Therefore the flexibility provided by the ten-year rule may reduce the income tax on distributions that the additional deferral cannot overcome
AgeCurrent LE
FactorProposed LE Factor
70 170 18771 163 17972 155 17173 148 16374 141 15675 134 14876 127 14077 121 13378 114 12679 108 11980 102 11281 97 10582 91 9983 86 9284 81 8685 76 81
Uniform Lifetime Table
Current LE Factor70717273747576777879808182838485868788899091929394959697989910010110210310410510610710810911011111211311411511611711811912027426525624723822922212203195187178999999999999991710000000000000116315514814113412712114108101999999999999999691868176716763595552490000000000000044542393734312926242119Proposed LE Factor707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120291282273264255246237228219212021931839999999999999917600000000000001168161521441361291211141081019589830000000000000077873686459565249000000000000004459999999999999964340999999999999996393735343231329282725229999999999999982
Age
Life Expectancy
Single LifeTable
Current LE Factor01234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191208248159999999999999480599999999999994797787777767758748738728718708699000000000000066890000000000000667900000000000006669000000000000066665646362161160159158257256255354353352451450449448547546545644643642741740700000000000003397999999999999973879999999999999737937363513420000000000000333299999999999997322999999999999973143052962872792726125224423522721821202193999999999999991860000000000000117817163155148141134127121114108101999999999999999699999999999999391868176716763595552490000000000000044599999999999999643409999999999999963836343129272522999999999999998211917151412110000000000000011Proposed LE Factor0123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120845837827817808798788778768758748738728719000000000000067090000000000000669900000000000006689000000000000066790000000000000666900000000000006666564636261160159158257256255354353452451450549548647646645744743842841840939939383713613520000000000000334299999999999997332999999999999973243153062972882792712622532452362282221220399999999999999195187178999999999999991710000000000000116315614814133126119112105999199999999999999386817576661575349000000000000004459999999999999964239373432328262522999999999999998220000000000000022121212222195714285714286193571428571428991914285714285709918181614110000000000000011
Age
Life Expectancy
Additional Wealth Accumulated due to Proposed New Table
70717273747576777879808182838485868788899091929394959697989910010110210310410510610710810911011111211311411511611711811912002430581684119533776844724757829681161963892853120342844670049378182744965357302967459663361085896613089320101287749130312597393411076628165381620135670532118670123412273826619769607358612328828881924226884001841431376291448110285563156945724838772150222267466495391831268787899337757844489123351568089798110479916674755514119556765757072721353880634861020415223683035608381170136284358287231889958870677556820869936890574638229107424491117712500571084541920627153140055886472935116973971342731580204455252737
Age
Life Expectancy
Additional Wealth Accumulated due to Proposed New Table
4041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889900120149358606431633806070045125670780381013455218635141469190747244282240918299600016333131457654014234665301492535509263348882020730525836331562304403631079626096788561136840609552571551708213817202718921051464841319248256590673736692413097857542951591337090819621887058440844824481080295205680757167749161114373197187677137393601422663882963353060660884960225899107614531107048248851066512717766058207955145624456054260951662457955510867818926111315059476214910497149117292434567042906396127518742262004409310417834259383383494935479421168639279399949176237440736463405182594937808930474240355243593588466756617266706691216686889053661022335376806654433529824855572014647834952395551009066410597612685480621117943841645556512984063768994622138855832599338141452946870391108115184436847423762158678050286680461658186036634445217328044329513609
Age
Life Expectancy
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 59
PLANNING SOLUTIONS TO ANALYZE
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 60
Solutions to AnalyzeOverview
bull Roth conversionsbull Designated Beneficiary - multi-generational spray trustsbull Spousal rollovers and the new spousal rollover trapbull IRAs to CRTsbull IRA trusts for state income tax savingsbull IRA relocation to life insurancebull Life insurance to offset increased tax-risk of early deathbull Naming a charity as a beneficiarybull Avoiding the Five-Year Rulebull Avoiding or using the ldquoGhost Rulerdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 61
Robert S Keebler CPAPFS MST AEP Secure Act Protocol FLOWCHART
Does the Client Wish to Enhance
Wealth Transfer
Explore CRT or Direct Charity
Gifts
Is the Client Charitably Inclined
Explore Insurance Options
Explore Roth Conversion Options
Yes
Yes
No
Explore Eligible Beneficiaries
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 62
Solutions After the Secure Act
Roth ConversionsA Lifetime Conversions by Plan Owner
B Death-Time Conversions by Plan Ownerrsquos Family
C Spousal Rollover Followed by a Roth Conversion
Spousal Rollover StrategiesA Traditional IRA to Spouse ndash 100 Rollover
B Traditional IRA to Spouse ndash X Disclaimer1) Result Deferral until RBD followed by 10-year payout2) Result Children begin a 10-year payout followed by an additional 10 years at the second death
Charitable Remainder TrustsA Death-Time Payment to CRT ndash Spouse
B Death-Time Payment to CRT - Children
Life Insurance ldquoRelocationrdquoA Acquire Life Insurance in ILIT on Plan Owner
B Acquire Life Insurance in ILIT on Spouse
C Acquire Life Insurance in ILIT Second to Die
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 63
THE NEW SPOUSAL ROLLOVER TRAP
Deceased Spouse ChildrenSurviving
Spouse
Old Best Practice
Spousal Rollover
ldquoInheritedrdquoIRA
IRC sect 408
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 64
THE NEW SPOUSAL ROLLOVER TRAP
Old Best Practice amp the New Spousal Rollover Trap
First Death
8 Years 10 Years
Lifetime RMDs
10-Year Rule Distributions
Second Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 65
THE NEW SPOUSAL ROLLOVER TRAP
Deceased Spouse ChildrenSurviving
Spouse
Potential New Best Practice
Spousal Rollover
ldquoInheritedrdquoIRA
ldquoInheritedrdquoIRA
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 66
THE NEW SPOUSAL ROLLOVER TRAP
Potential New Best Practice
First Death
Second Death
8 Years 10 Years
LifetimeRMDs
10-Year Rule Distributions10-Year Rule Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 67
ROTH CONVERSIONSAs it relates to the new 10-year rule the purpose of Roth Conversions is to spread distributions over many
years and lower brackets
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 68
2020 Tax Brackets
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 69
100 100 100
120120
150
220
220
240
240250
280
320
320
330
350
350
350
370
370396
$-
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2017 2020 2020Married Married Single
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 70
Taxation of Roth IRA Distributions
Distribution within 5 years Distribution beyond 5 years
Age lt 59frac12
Age ge 59frac12
Income Tax Yes (earnings only)
10 Penalty Yes (earnings amp taxable portion of prior conversion amounts)
Income Tax Yes (earnings only)
10 Penalty Yes (earnings only)
Income Tax Yes (earnings only)
10 Penalty No
Income Tax No
10 Penalty No
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 71
Mathematics of Roth IRA Conversions
bull In simplest terms a traditional IRA will produce the same after-tax result as a Roth IRA provided thatndash The annual growth rates are the samendash The tax rate in the conversion year is the
same as the tax rate during the withdrawal years (ie A x B x C = D A x C x B = D)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 72
Mathematics of Roth IRA Conversions
Traditional IRA Roth IRA Life InsuranceCurrent Account Balance 1000000$ 1000000$ 1000000$ Less Income Taxes 40 - (400000) (400000) Net Balance 1000000$ 600000$ 600000$
Growth Until Death 30000 30000 30000
Account Balance Death 3000000$ 1800000$ 1800000$ Less Income Taxes 40 (1200000) - - Net Account Balance to Family 1800000$ 1800000$ 1800000$
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 73
Mathematics of Roth IRA Conversions
bull Critical decision factorsndash Tax rate differential (year of conversion vs withdrawal
years)ndash Use of ldquooutside fundsrdquo to pay the income tax liabilityndash Need for IRA funds to meet annual living expensesndash No RMDsndash Tax-free post-mortem distributionsndash Time horizonndash Estate tax considerationsndash Ten Year ldquoRoth Coastrdquo period
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 74
Mathematics of Roth IRA Conversions
Deferral Beyond the RBD
Using Outside Funds to Pay Conversion Tax
Tax Rate Arbitrage
10-Year Post-mortem Tax-free GrowthldquoRoth Coast Periodrdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 75
Mathematics of Roth IRA Conversions
bull The key to successful Roth IRA conversions is usually to avoid large jumps in brackets (eg converting at a 32 when distributions will likely be subject to a 24 rate will often be ineffective)
bull Although brackets are the primary consideration there are others capital gains AMT NIIT 199A etc
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 76
Mathematics of Roth IRA Conversions
10 tax bracket
12 tax bracket
22 tax bracket
24 tax bracket
32 tax bracket
35 tax bracket
Current taxable income
Example of a possible ldquooptimumrdquo conversion amount
37 tax bracket
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 77
10 tax bracket
15 tax bracket
25 tax bracket
28 tax bracket
33 tax bracket
35 tax bracket
396 tax bracket
10 tax bracket
12 tax bracket
22 tax bracket
24 tax bracket
32 tax bracket
35 tax bracket
37 tax bracket
Target Roth IRA conversion range for most ldquomiddle incomerdquo taxpayers
Black steps = Current lawRed steps = Pre-TCJA (which the tax law reverts to in 2026)
Mathematics of Roth IRA Conversions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 78
Mathematics of Roth IRA Conversions
bull Tactical considerationsndash Unused charitable contribution carryoversndash Current year ordinary lossesndash Net Operating Loss (NOL) carryovers ndash Alternative Minimum Tax (AMT) creditsndash Other credit carryovers
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 79
Estate Tax Considerationsbull ldquoMissingrdquo IRC sect691(c) deduction
ndash When a taxpayer dies with an item of Income in Respect of a Decedent (IRD) such as a traditional IRA in hisher taxable estate the estate (andor its beneficiaries) must not only pay estate tax on the IRD but also pay income tax on the IRD
ndash To prevent double-taxation of IRD the federal income tax law allows an income tax deduction (on IRS Form 1040 Schedule A) for federal estate taxes paid on IRD
ndash This is typically known as the ldquoIRC sect691(c) deductionrdquo
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 80
Estate Tax Considerations
bull ldquoMissingrdquo IRC sect691(c) deductionndash The dilemma with the IRC sect691(c) deduction
is that it only is available for federal estate taxes paid on IRD not state deathestate taxes
ndash Thus the state deathestate tax portion is subject to tax twice (ie ldquomissingrdquo IRC sect691(c) deduction)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 81
Estate Tax Considerations
bull ldquoMissingrdquo IRC sect691(c) deduction exampleTraditional
IRA Roth IRAIRA balance 1000000$ 1000000$ Less Federal and state income taxes on Roth IRA conversion (40) - (400000) Taxable Estate 1000000$ 600000$
Federal estate tax (35) 350000$ 210000$ State death tax (10) 100000 60000 Total estate taxes 450000$ 270000$
Post-death traditional IRA balance 1000000$ Less IRC sect691(c) deduction (350000) Post-death traditional IRA balance subject to income tax 650000$
Federal and state income taxes on IRA distributions (40) 260000$ -$
Net IRA balance to beneficiaries 290000$ 330000$
Reconciliation $100000 state death tax x 40 post-death income tax rate = $40000 (double-tax component) OR$400000 income tax on conversion x 10 state death tax rate = $40000 (estate tax savings)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 82
Estate Tax Considerations
bull ldquoFadingrdquo IRC sect691(c) deductionndash Another dilemma with the IRC sect691(c)
deduction is that it is only calculated on the value of the IRD at the time of death
ndash Thus post-death appreciation is not sheltered against income tax by the IRC sect691 deduction resulting in additional income tax being incurred (ie ldquofadingrdquo IRC sect691(c) deduction)
Frozen-in-Time
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 83
Estate Tax Considerationsbull ldquoFadingrdquo IRC sect691(c) deduction example
No Planning
Roth IRA Conversion
at DeathTraditional IRA balance at death 1000000$ 1000000$ Less IRC sect691(c) deduction - (450000) Taxable portion of Roth IRA conversion 1000000$ 550000$
Federal and state income taxes on Roth IRA conversion (40) -$ 220000$
IRA balance available for future distributions 1000000$ 780000$
Total future IRA distributions 2000000$ 1560000$ Less IRC sect691(c) deduction (450000) - Less Amounts not subject to income tax - (1560000) Taxable portion of future IRA distributions 1550000$ -$
Federal and state income taxes on future IRA distributions (40) 620000$ -$
After-tax total future IRA distributions 1380000$ 1560000$
Reconciliation $1560000 - $1380000 = $180000 OR $620000 future income tax liability - $440000 future value of income tax liability on Roth IRA conversion (ie $220000 x 2)
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 84
ROTH CONVERSIONS
10 12 22 24 32 35 37
10 000 -004 -024 -028 -043 -049 -053
12 004 000 -020 -024 -039 -045 -049
22 024 020 000 -004 -020 -026 -030
24 028 024 004 000 -016 -022 -026
32 043 039 020 016 000 -006 -010
35 049 045 026 022 006 000 -004
37 053 049 030 026 010 004 000
Rate Conversion
Rate
D
istr
ibut
ion
bull 10-year analysis periodbull 7 rate of returnbull Tax paid from
retirement accountbull RMDs do not start
within period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 85
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of returnbull Tax paid from retirement
accountbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -004 -024 -028 -043 -049 -053
15 010 006 -014 -018 -033 -039 -043
25 030 026 006 002 -014 -020 -024
28 035 031 012 008 -008 -014 -018
33 045 041 022 018 002 -004 -008
35 049 045 026 022 006 000 -004
396 058 054 035 031 015 009 005
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 86
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of returnbull Tax paid from
retirement accountbull RMDs do not start
within period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -008 -046 -054 -085 -097 -104
12 008 000 -039 -046 -077 -089 -097
22 046 039 000 -008 -039 -050 -058
24 054 046 008 000 -031 -043 -050
32 085 077 039 031 000 -012 -019
35 097 089 050 043 012 000 -008
37 104 097 058 050 019 008 000
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 87
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of returnbull Tax paid from retirement
accountbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 000 -008 -046 -054 -085 -097 -104
15 019 012 -027 -035 -066 -077 -085
25 058 050 012 004 -027 -039 -046
28 070 062 023 015 -015 -027 -035
33 089 081 043 035 004 -008 -015
35 097 089 050 043 012 000 -008
396 115 107 068 060 029 018 010
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 88
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 003 -001 -018 -021 -035 -040 -044
12 007 003 -014 -017 -031 -036 -040
22 026 023 006 002 -011 -017 -020
24 030 027 010 006 -007 -013 -016
32 046 042 025 022 008 003 000
35 052 048 031 028 014 009 006
37 056 052 035 032 018 013 010
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 89
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 003 -001 -018 -021 -035 -040 -044
15 012 009 -008 -011 -025 -030 -034
25 032 029 012 008 -005 -011 -014
28 038 035 018 014 000 -005 -008
33 048 044 027 024 010 005 002
35 052 048 031 028 014 009 006
396 061 057 040 037 023 018 015
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 90
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 010 004 -025 -031 -055 -063 -069
12 017 011 -018 -024 -047 -056 -062
22 056 050 021 015 -008 -017 -023
24 064 058 029 023 000 -009 -015
32 095 089 060 054 030 022 016
35 106 100 071 065 042 033 027
37 114 108 079 073 050 041 035
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 91
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull RMDs do not start within
periodbull Sunset distribution rates
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 010 004 -025 -031 -055 -063 -069
15 029 023 -006 -012 -035 -044 -050
25 068 062 033 027 003 -005 -011
28 079 073 044 038 015 006 000
33 099 093 064 058 034 026 020
35 106 100 071 065 042 033 027
396 124 118 089 083 060 051 045
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 92
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with inside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 005 001 -021 -025 -042 -048 -052
12 009 005 -016 -021 -037 -044 -048
22 029 025 004 000 -017 -023 -027
24 033 029 008 004 -013 -019 -023
32 050 046 025 020 004 -003 -007
35 056 052 031 027 010 003 -001
37 060 056 035 031 014 008 003
Rate
D
istr
ibut
ion
Rate Conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 93
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with inside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 034 025 -016 -024 -058 -070 -078
12 041 033 -009 -017 -050 -062 -071
22 079 070 029 021 -012 -025 -033
24 086 078 037 028 -005 -017 -025
32 116 108 067 058 025 013 005
35 128 119 078 070 037 024 016
37 135 127 086 077 044 032 023
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 94
ROTH CONVERSIONS
bull 10-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 008 004 -014 -017 -032 -037 -041
12 012 008 -010 -013 -028 -033 -037
22 032 029 011 007 -007 -013 -016
24 037 033 015 011 -003 -009 -012
32 053 049 031 028 013 008 004
35 059 055 037 034 019 014 010
37 063 060 042 038 024 018 015
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 95
ROTH CONVERSIONS
bull 20-year analysis periodbull 7 rate of return inside
retirement accountbull 55 after-tax rate of return
outside retirement accountbull Tax paid with outside fundsbull Taxpayer is age 70 and RMDs
begin in the first period
A positive factor indicates an effective conversion whereas a negative factor indicates an ineffective conversion
10 12 22 24 32 35 37
10 044 038 007 001 -024 -033 -039
12 052 046 015 009 -016 -025 -031
22 089 083 052 046 022 012 006
24 097 091 060 054 029 020 014
32 127 121 090 084 059 050 044
35 138 132 101 095 071 061 055
37 146 140 109 103 078 069 063
Rate Conversion
Rate
D
istr
ibut
ion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 96
MULTI-GENERATION SPRAY TRUST
As it relates to the new 10-year rule the purpose of using a spraytrust is to spread income across a large number of taxpayersthereby lowering the effective rate and to retain the ability toaccumulate income as prudent
WARNING Donrsquot forget about the ldquokiddierdquo tax
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 97
General Trust Tax Rules
bull Income taxed to either the trust or the beneficiariesndash If income is accumulated then the income is taxed
to the trustestate ndash If income is distributed then the trustestate gets
an income tax deduction and beneficiaries report taxable income
ndash IRC sect sect(661-663)
Foundational Concepts
Consider how Rothrsquos are taxed
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 98
2020 Ordinary Income Tax Rates for Estates amp TrustsFoundational Concepts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 99
bull Charitable Remainder Trust (CRT)
Donor
Charity(Remainder Beneficiary)
IRA
Donor receives an immediate income tax deduction for present value of the remainder
interest (must be at least 10 of the value of the
assets originally contributed)
At the end of the trust term the charity receives the residual assets
Annual (or more frequent) payments for life (or a term
of years)CRT
Charitable Remainder TrustsOverview
Child(Income Beneficiary)
Warning Charitable
Intent Required
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 100
bull Charitable Remainder Annuity Trust (CRAT)ndash The beneficiaries receive a fixed percentage of the initial trust value or
a stated amount annually or more frequentlyndash The amount paid doesnrsquot change from year to yearndash The annual payment must be 5-50 of the fair market value of the
assets at the time of contributionndash The term of the annuity can be
bull For a term up to 20 yearsbull Over the life of the annuitant(s) bull Over the shorter of the two orbull Over the longer of the two
ndash Run the Exhaustion Testndash 10 Charitable Remainder Test
Charitable Remainder TrustsTypes of CRTs
WarningA CRAT generally requires a greater Charitable Intent because of the exhaustion
Test
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 101
bull Charitable Remainder Unitrust (CRUT)ndash Income beneficiaries receive a stated percentage of the trustrsquos assets
revalued each yearbull The distribution will vary from year-to-year depending on the investment
performance of the trust assets and the amount withdrawn
bull 10 Charitable Remainder Testbull Life or term-of-years
Charitable Remainder TrustsTypes of CRTs
IRA Charitable Remainder Trust
Beneficiary or Trust fbo a Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 102
Charitable Remainder TrustAccumulation Trust ndash CRUT Combination
Consider an out of state accumulation trust as a beneficiary of the CRT
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 103
bull The character of income received by the recipient is subject to and controlled by the tier rules of IRC sect664(b)ndash First distributions are taxed as ordinary incomendash Second distributions are taxed as capital gainsndash Third distributions are taxed as tax-exempt income (eg
municipal bond income)ndash Finally distributions are assumed to be the non-taxable
return of principal
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 104
Tier 1 Tier 2 Tier 3 Tier 4
STEP 1Current Ordinary Income
STEP 2Accumulated
Ordinary Income
STEP 4Accumulated Capital Gains
STEP 3Current
Capital Gains
STEP 5Current Tax-
Exempt Income
STEP 6Accumulated Tax-Exempt
Income
STEP 7Return of Capital
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 105
bull Traditional IRA Distributions are Tier I Incomebull Interest Earned on post-distribution investment
portfolio is Tier I Incomebull Qualified Dividends earned on post-distribution
investment portfolio is Tier II Incomebull Long-Term Capital Gains earned on post distribution
portfolio is Tier II Incomebull IRA Basis is Tier IV return of capital
Charitable Remainder TrustsTaxation of Distributions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 106
Charitable Remainder TrustsExample
bull Assumptionsndash 50-year old beneficiaryndash 6 rate of return 2 yield 4 growthndash 10 turnover ratendash Tax rates 37 on immediate distribution 32 5-
year distribution 24 10-year distribution 22 lifetime distribution amp all CRT models
ndash May 2019 interest rates
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 107
Charitable Remainder TrustsExample
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 108
Charitable Remainder TrustsExample
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 109
State Income Tax Planning
bull Review State Law of the IRA Ownerndash Will the home state tax the out of state IRA Trustndash Does the home state have a throwback rule
bull Design a beneficiary form to be payable to non-grantor trust in states with no income tax
bull The payments ldquotrappedrdquo in the trust will avoid state income taxes (watch out for throwback)
IRA Nevada Designated Beneficiary IRA Trust Beneficiary
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 110
State Income Tax Planning
httpswwwoshinscomstate-rankings-charts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 111
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 112
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 113
State Income Tax Planning
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 114
Secure ActLife Insurance Strategies
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 115
Life Insurance
bull Four Strategiesndash IRA Roth Conversion Hedgendash IRA Relocation
bull Policy on Ownerbull Policy on Spousebull Second-to-die policy
- Income Tax Replacement- Roth Conversion
Subsequent to Ownerrsquos Death by spouse
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 116
Itrsquos a Balancing Act hellipBet to Live Bet to Die
Life Insurance ndash Roth Hedge
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 117
Life Insurance ndash Roth Hedge
bull The 10-year rule creates new actuarial risk of early deathndash Under current law qualified accounts can be drawn-down
over decades after death capturing deferral and virtually assuring bracket arbitrage
ndash However a 10-year distribution requirement will unfairly tax those who die when their savings peak around retirement age or shortly thereafter
ndash Life insurance could however offset this risk that family wealth will be lost to tax
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 118
Life Insurance ndash Roth Hedge
bull Roth conversions will be the primary way in which those with large IRAs avoid exposure to higher income tax rates after deathndash However the effectiveness of this strategy
increases with timendash A life insurance policy equal to the difference
between the theoretical terminal tax and the terminal tax in the event of early death would offset this risk
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 119
Life Insurance ndash Roth Hedge
bull Examplendash Mary is a 60-year old divorcee and has $2000000
in her qualified plansndash Maryrsquos accountant projects her retirement tax-
rate to be no greater than 24 with opportunities to undertake Roth Conversions
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 120
Life Insurance ndash Roth Hedge
bull Example (cont)ndash With the stretch RMDs to her only child would
generally be subject to a 22-24 ratendash However with a 10-year rule about 50 of
amortized distributions would be subject to a 32 rate
ndash Maryrsquos simple tax-risk of early death is about $80000 [$2000000 x 50 x (32 - 24)]
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 121
Life Insurance ndash Roth Hedge
bull Example (cont)ndash A more complex calculation could also consider
the value of the loss of the qualified accounts Terminal Tax Deferral Tax-free Compounding of Yield No Roth RMDs During LifePost-mortem Roth Earnings
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 122
Life Insurance ndash Roth Hedgebull Note that the tax-cost of early death will
decrease with age for many peopleAv
erag
e Ra
te S
prea
d
Time
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 123
Life Insurance ndash Roth Hedge
bull Therefore a policy structure with a declining death benefit would best offset the risk
bull A whole or universal life product with a term rider may therefore be the best fit
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 124
Life Insurance ndash Relocation
bull The basic theory is that Roth Conversions will generally produce the same tax deferral result as a permanent life insurance policy
bull Therefore using IRA distributions to fund premium payments can sometimes make sensendash Often works for those with excessive RMDs and high tax rates (basic
minimal funding until RMDs begin possible)ndash Often works for those who may be subject to an estate taxndash Can work in other situations
IRA IRA Owner ILITDistribution Annual
Gifts
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 125
Traditional IRA Roth IRA Life InsuranceCurrent Account Balance 1000000$ 1000000$ 1000000$ Less Income Taxes 40 - (400000) (400000) Net Balance 1000000$ 600000$ 600000$
Growth Until Death 30000 30000 30000
Account Balance Death 3000000$ 1800000$ 1800000$ Less Income Taxes 40 (1200000) - - Net Account Balance to Family 1800000$ 1800000$ 1800000$
Life Insurance ndash Relocation
The mathematical theory is similar to a Roth conversion
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 126
Income Tax Replacement
bull Simple Approach ndash Single person or married couplendash Project value at time of deathndash Acquire insurance to equal the future income taxndash Manage Tax Brackets over the ten year post-mortem
withdrawal period
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 127
Roth Conversion Subsequent to Ownerrsquos Death by surviving spouse
bull Determine the likely IRA value at first spousersquos death
bull Acquire Insurance to pay the Roth conversion taxes at first spousersquos death
bull Conversions over 1-11 years
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 128
AppendixCharitable Planning with IRAs at Death
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 129
bull Available Options to Transfer IRD Assets to Charityndash Name a Charity as the Beneficiary of the IRAndash Specific Bequest of IRD Assets to Charity under a Willndash Power of Executor to make a non-pro rata Distribution to
Residuary Beneficiariesndash Assignment of IRD to charity to satisfy a Pecuniary Bequestndash Recognition of income with sect 642(c) Charitable Deductionndash Recognition of income without sect 642(c) Charitable
Deduction
Charitable Planning with IRAsBasic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 130
sect 642(c)(1) General rule
In the case of an estate or trust there shall be allowed as a deduction in computing its taxable income any amount of the gross income without limitation which pursuant to the terms of the governing instrument is during the taxable year paid for a purpose specified in section 170(c)
Charitable Planning with IRAsBasic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 131
sect 642(c)(2) Amounts permanently set aside
There shall also be allowed as a deduction in computing its taxable income any amount of the gross income without limitation which pursuant to the terms of the governing instrument is during the taxable year permanently set aside for a purpose specified in section 170(c)
Applies only to estates ndash not to trusts funded later than 1969See the remainder of the statute for details
Charitable Planning with IRAs Basic Overview
copy 2011-2020 Keebler Tax amp Wealth EducationAll Rights Reserved 132
To be added to our IRA update newsletter
please visit
keeblerandassociatescomspeaking
Traditional IRA | Roth IRA | Life Insurance | |||||
Current Account Balance | $ 1000000 | $ 1000000 | $ 1000000 | ||||
Less Income Taxes 40 | - 0 | (400000) | (400000) | ||||
Net Balance | $ 1000000 | $ 600000 | $ 600000 | ||||
Growth Until Death | 30000 | 30000 | 30000 | ||||
Account Balance Death | $ 3000000 | $ 1800000 | $ 1800000 | ||||
Less Income Taxes 40 | (1200000) | - 0 | - 0 | ||||
Net Account Balance to Family | $ 1800000 | $ 1800000 | $ 1800000 |
No Planning | Roth IRA Conversion at Death | ||||
Traditional IRA balance at death | $ 1000000 | $ 1000000 | |||
Less IRC sect691(c) deduction | - 0 | (450000) | |||
Taxable portion of Roth IRA conversion | $ 1000000 | $ 550000 | |||
Federal and state income taxes on Roth IRA conversion (40) | $ - 0 | $ 220000 | |||
IRA balance available for future distributions | $ 1000000 | $ 780000 | |||
Total future IRA distributions | $ 2000000 | $ 1560000 | |||
Less IRC sect691(c) deduction | (450000) | - 0 | |||
Less Amounts not subject to income tax | - 0 | (1560000) | |||
Taxable portion of future IRA distributions | $ 1550000 | $ - 0 | |||
Federal and state income taxes on future IRA distributions (40) | $ 620000 | $ - 0 | |||
After-tax total future IRA distributions | $ 1380000 | $ 1560000 |
Traditional IRA | Roth IRA | ||||
IRA balance | $ 1000000 | $ 1000000 | |||
Less Federal and state income taxes on Roth IRA conversion (40) | - 0 | (400000) | |||
Taxable Estate | $ 1000000 | $ 600000 | |||
Federal estate tax (35) | $ 350000 | $ 210000 | |||
State death tax (10) | 100000 | 60000 | |||
Total estate taxes | $ 450000 | $ 270000 | |||
Post-death traditional IRA balance | $ 1000000 | ||||
Less IRC sect691(c) deduction | (350000) | ||||
Post-death traditional IRA balance subject to income tax | $ 650000 | ||||
Federal and state income taxes on IRA distributions (40) | $ 260000 | $ - 0 | |||
Net IRA balance to beneficiaries | $ 290000 | $ 330000 |
Traditional IRA | Roth IRA | Life Insurance | |||||
Current Account Balance | $ 1000000 | $ 1000000 | $ 1000000 | ||||
Less Income Taxes 40 | - 0 | (400000) | (400000) | ||||
Net Balance | $ 1000000 | $ 600000 | $ 600000 | ||||
Growth Until Death | 30000 | 30000 | 30000 | ||||
Account Balance Death | $ 3000000 | $ 1800000 | $ 1800000 | ||||
Less Income Taxes 40 | (1200000) | - 0 | - 0 | ||||
Net Account Balance to Family | $ 1800000 | $ 1800000 | $ 1800000 |
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
40 | 436 | $ 1000000 | $ 60000 | $ (22936) | $ 1037064 | $ - 0 | $ - 0 | $ 17431 | $ 17431 | $ (248895) | $ 805600 | |||||||||||||||||
41 | 426 | $ 1037064 | $ 62224 | $ (24344) | $ 1074944 | $ 17431 | $ 784 | $ 18502 | $ 36717 | $ (257987) | $ 853675 | |||||||||||||||||
42 | 416 | $ 1074944 | $ 64497 | $ (25840) | $ 1113600 | $ 36717 | $ 1652 | $ 19638 | $ 58008 | $ (267264) | $ 904344 | |||||||||||||||||
43 | 406 | $ 1113600 | $ 66816 | $ (27429) | $ 1152988 | $ 58008 | $ 2610 | $ 20846 | $ 81464 | $ (276717) | $ 957735 | |||||||||||||||||
44 | 396 | $ 1152988 | $ 69179 | $ (29116) | $ 1193051 | $ 81464 | $ 3666 | $ 22128 | $ 107258 | $ (286332) | $ 1013977 | |||||||||||||||||
45 | 386 | $ 1193051 | $ 71583 | $ (30908) | $ 1233726 | $ 107258 | $ 4827 | $ 23490 | $ 135575 | $ (296094) | $ 1073207 | |||||||||||||||||
46 | 376 | $ 1233726 | $ 74024 | $ (32812) | $ 1274938 | $ 135575 | $ 6101 | $ 24937 | $ 166613 | $ (305985) | $ 1135565 | |||||||||||||||||
47 | 366 | $ 1274938 | $ 76496 | $ (34834) | $ 1316600 | $ 166613 | $ 7498 | $ 26474 | $ 200584 | $ (315984) | $ 1201200 | |||||||||||||||||
48 | 356 | $ 1316600 | $ 78996 | $ (36983) | $ 1358613 | $ 200584 | $ 9026 | $ 28107 | $ 237718 | $ (326067) | $ 1270263 | |||||||||||||||||
49 | 346 | $ 1358613 | $ 81517 | $ (39266) | $ 1400863 | $ 237718 | $ 10697 | $ 29842 | $ 278257 | $ (336207) | $ 1342913 | |||||||||||||||||
50 | 336 | $ 1400863 | $ 84052 | $ (41692) | $ 1443223 | $ 278257 | $ 12522 | $ 31686 | $ 322465 | $ (346373) | $ 1419314 | |||||||||||||||||
51 | 326 | $ 1443223 | $ 86593 | $ (44271) | $ 1485546 | $ 322465 | $ 14511 | $ 33646 | $ 370622 | $ (356531) | $ 1499636 | |||||||||||||||||
52 | 316 | $ 1485546 | $ 89133 | $ (47011) | $ 1527667 | $ 370622 | $ 16678 | $ 35728 | $ 423028 | $ (366640) | $ 1584055 | |||||||||||||||||
53 | 306 | $ 1527667 | $ 91660 | $ (49924) | $ 1569404 | $ 423028 | $ 19036 | $ 37942 | $ 480006 | $ (376657) | $ 1672753 | |||||||||||||||||
54 | 296 | $ 1569404 | $ 94164 | $ (53020) | $ 1610547 | $ 480006 | $ 21600 | $ 40295 | $ 541902 | $ (386531) | $ 1765918 | |||||||||||||||||
55 | 286 | $ 1610547 | $ 96633 | $ (56313) | $ 1650867 | $ 541902 | $ 24386 | $ 42798 | $ 609085 | $ (396208) | $ 1863745 | |||||||||||||||||
56 | 276 | $ 1650867 | $ 99052 | $ (59814) | $ 1690105 | $ 609085 | $ 27409 | $ 45459 | $ 681953 | $ (405625) | $ 1966433 | |||||||||||||||||
57 | 266 | $ 1690105 | $ 101406 | $ (63538) | $ 1727974 | $ 681953 | $ 30688 | $ 48289 | $ 760930 | $ (414714) | $ 2074190 | |||||||||||||||||
58 | 256 | $ 1727974 | $ 103678 | $ (67499) | $ 1764153 | $ 760930 | $ 34242 | $ 51299 | $ 846471 | $ (423397) | $ 2187227 | |||||||||||||||||
59 | 246 | $ 1764153 | $ 105849 | $ (71714) | $ 1798289 | $ 846471 | $ 38091 | $ 54502 | $ 939064 | $ (431589) | $ 2305764 | |||||||||||||||||
60 | 236 | $ 1798289 | $ 107897 | $ (76199) | $ 1829988 | $ 939064 | $ 42258 | $ 57911 | $ 1039233 | $ (439197) | $ 2430024 | |||||||||||||||||
61 | 226 | $ 1829988 | $ 109799 | $ (80973) | $ 1858814 | $ 1039233 | $ 46765 | $ 61539 | $ 1147538 | $ (446115) | $ 2560237 | |||||||||||||||||
62 | 216 | $ 1858814 | $ 111529 | $ (86056) | $ 1884287 | $ 1147538 | $ 51639 | $ 65403 | $ 1264580 | $ (452229) | $ 2696638 | |||||||||||||||||
63 | 206 | $ 1884287 | $ 113057 | $ (91470) | $ 1905874 | $ 1264580 | $ 56906 | $ 69517 | $ 1391003 | $ (457410) | $ 2839467 | |||||||||||||||||
64 | 196 | $ 1905874 | $ 114352 | $ (97238) | $ 1922988 | $ 1391003 | $ 62595 | $ 73901 | $ 1527500 | $ (461517) | $ 2988970 | |||||||||||||||||
65 | 186 | $ 1922988 | $ 115379 | $ (103386) | $ 1934980 | $ 1527500 | $ 68737 | $ 78574 | $ 1674811 | $ (464395) | $ 3145396 | |||||||||||||||||
66 | 176 | $ 1934980 | $ 116099 | $ (109942) | $ 1941137 | $ 1674811 | $ 75366 | $ 83556 | $ 1833733 | $ (465873) | $ 3308998 | |||||||||||||||||
67 | 166 | $ 1941137 | $ 116468 | $ (116936) | $ 1940669 | $ 1833733 | $ 82518 | $ 88871 | $ 2005123 | $ (465761) | $ 3480031 | |||||||||||||||||
68 | 156 | $ 1940669 | $ 116440 | $ (124402) | $ 1932708 | $ 2005123 | $ 90231 | $ 94545 | $ 2189899 | $ (463850) | $ 3658756 | |||||||||||||||||
69 | 146 | $ 1932708 | $ 115962 | $ (132377) | $ 1916293 | $ 2189899 | $ 98545 | $ 100607 | $ 2389051 | $ (459910) | $ 3845433 | |||||||||||||||||
70 | 136 | $ 1916293 | $ 114978 | $ (140904) | $ 1890367 | $ 2389051 | $ 107507 | $ 107087 | $ 2603645 | $ (453688) | $ 4040324 | |||||||||||||||||
71 | 126 | $ 1890367 | $ 113422 | $ (150029) | $ 1853760 | $ 2603645 | $ 117164 | $ 114022 | $ 2834831 | $ (444902) | $ 4243688 | |||||||||||||||||
72 | 116 | $ 1853760 | $ 111226 | $ (159807) | $ 1805178 | $ 2834831 | $ 127567 | $ 121453 | $ 3083852 | $ (433243) | $ 4455787 | |||||||||||||||||
73 | 106 | $ 1805178 | $ 108311 | $ (170300) | $ 1743189 | $ 3083852 | $ 138773 | $ 129428 | $ 3352053 | $ (418365) | $ 4676877 | |||||||||||||||||
74 | 96 | $ 1743189 | $ 104591 | $ (181582) | $ 1666198 | $ 3352053 | $ 150842 | $ 138002 | $ 3640898 | $ (399888) | $ 4907208 | |||||||||||||||||
75 | 86 | $ 1666198 | $ 99972 | $ (193744) | $ 1572426 | $ 3640898 | $ 163840 | $ 147245 | $ 3951984 | $ (377382) | $ 5147028 | |||||||||||||||||
76 | 76 | $ 1572426 | $ 94346 | $ (206898) | $ 1459874 | $ 3951984 | $ 177839 | $ 157243 | $ 4287065 | $ (350370) | $ 5396569 | |||||||||||||||||
77 | 66 | $ 1459874 | $ 87592 | $ (221193) | $ 1326273 | $ 4287065 | $ 192918 | $ 168107 | $ 4648090 | $ (318306) | $ 5656058 | |||||||||||||||||
78 | 56 | $ 1326273 | $ 79576 | $ (236834) | $ 1169015 | $ 4648090 | $ 209164 | $ 179994 | $ 5037248 | $ (280564) | $ 5925700 | |||||||||||||||||
79 | 46 | $ 1169015 | $ 70141 | $ (254134) | $ 985022 | $ 5037248 | $ 226676 | $ 193142 | $ 5457066 | $ (236405) | $ 6205683 | |||||||||||||||||
80 | 36 | $ 985022 | $ 59101 | $ (273617) | $ 770506 | $ 5457066 | $ 245568 | $ 207949 | $ 5910583 | $ (184921) | $ 6496168 | |||||||||||||||||
81 | 26 | $ 770506 | $ 46230 | $ (296349) | $ 520388 | $ 5910583 | $ 265976 | $ 225225 | $ 6401784 | $ (124893) | $ 6797279 | |||||||||||||||||
82 | 16 | $ 520388 | $ 31223 | $ (325243) | $ 226369 | $ 6401784 | $ 288080 | $ 247184 | $ 6937049 | $ (54329) | $ 7109089 | |||||||||||||||||
83 | 10 | $ 226369 | $ 13582 | $ (226369) | $ 13582 | $ 6937049 | $ 312167 | $ 172040 | $ 7421256 | $ (3260) | $ 7431579 | |||||||||||||||||
84 | 10 | $ 13582 | $ 815 | -135821278287923 | $ 815 | $ 7421256 | $ 333957 | $ 10322 | $ 7765535 | $ (196) | $ 7766155 | |||||||||||||||||
85 | 10 | $ 815 | $ 49 | $ (815) | $ 49 | $ 7765535 | $ 349449 | $ 619 | $ 8115604 | $ (12) | $ 8115641 | |||||||||||||||||
86 | 10 | $ 49 | $ 3 | $ (49) | $ 3 | $ 8115604 | $ 365202 | $ 37 | $ 8480843 | $ (1) | $ 8480845 | |||||||||||||||||
87 | 10 | $ 3 | $ 0 | $ (3) | $ 0 | $ 8480843 | $ 381638 | $ 2 | $ 8862483 | $ (0) | $ 8862483 | |||||||||||||||||
88 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 8862483 | $ 398812 | $ 0 | $ 9261295 | $ (0) | $ 9261295 | |||||||||||||||||
89 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9261295 | $ 416758 | $ 0 | $ 9678054 | $ (0) | $ 9678054 | |||||||||||||||||
90 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9678054 | $ 435512 | $ 0 | $ 10113566 | $ (0) | $ 10113566 | |||||||||||||||||
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
40 | 457 | $ 1000000 | $ 60000 | $ (21882) | $ 1038118 | $ - 0 | $ - 0 | $ 16630 | $ 16630 | $ (249148) | $ 805600 | $ - 0 | ||||||||||||||||
41 | 447 | $ 1038118 | $ 62287 | $ (23224) | $ 1077181 | $ 16630 | $ 748 | $ 17650 | $ 35029 | $ (258523) | $ 853687 | $ 12 | ||||||||||||||||
42 | 437 | $ 1077181 | $ 64631 | $ (24649) | $ 1117163 | $ 35029 | $ 1576 | $ 18734 | $ 55339 | $ (268119) | $ 904382 | $ 38 | ||||||||||||||||
43 | 427 | $ 1117163 | $ 67030 | $ (26163) | $ 1158029 | $ 55339 | $ 2490 | $ 19884 | $ 77713 | $ (277927) | $ 957815 | $ 80 | ||||||||||||||||
44 | 417 | $ 1158029 | $ 69482 | $ (27770) | $ 1199741 | $ 77713 | $ 3497 | $ 21106 | $ 102316 | $ (287938) | $ 1014118 | $ 141 | ||||||||||||||||
45 | 407 | $ 1199741 | $ 71984 | $ (29478) | $ 1242247 | $ 102316 | $ 4604 | $ 22403 | $ 129323 | $ (298139) | $ 1073431 | $ 224 | ||||||||||||||||
46 | 397 | $ 1242247 | $ 74535 | $ (31291) | $ 1285491 | $ 129323 | $ 5820 | $ 23781 | $ 158923 | $ (308518) | $ 1135897 | $ 331 | ||||||||||||||||
47 | 387 | $ 1285491 | $ 77129 | $ (33217) | $ 1329404 | $ 158923 | $ 7152 | $ 25245 | $ 191320 | $ (319057) | $ 1201667 | $ 467 | ||||||||||||||||
48 | 377 | $ 1329404 | $ 79764 | $ (35263) | $ 1373905 | $ 191320 | $ 8609 | $ 26800 | $ 226729 | $ (329737) | $ 1270897 | $ 633 | ||||||||||||||||
49 | 367 | $ 1373905 | $ 82434 | $ (37436) | $ 1418904 | $ 226729 | $ 10203 | $ 28451 | $ 265383 | $ (340537) | $ 1343750 | $ 836 | ||||||||||||||||
50 | 357 | $ 1418904 | $ 85134 | $ (39745) | $ 1464293 | $ 265383 | $ 11942 | $ 30206 | $ 307532 | $ (351430) | $ 1420394 | $ 1080 | ||||||||||||||||
51 | 347 | $ 1464293 | $ 87858 | $ (42199) | $ 1509952 | $ 307532 | $ 13839 | $ 32071 | $ 353441 | $ (362388) | $ 1501005 | $ 1368 | ||||||||||||||||
52 | 337 | $ 1509952 | $ 90597 | $ (44806) | $ 1555743 | $ 353441 | $ 15905 | $ 34052 | $ 403399 | $ (373378) | $ 1585763 | $ 1708 | ||||||||||||||||
53 | 327 | $ 1555743 | $ 93345 | $ (47576) | $ 1601511 | $ 403399 | $ 18153 | $ 36158 | $ 457710 | $ (384363) | $ 1674858 | $ 2105 | ||||||||||||||||
54 | 317 | $ 1601511 | $ 96091 | $ (50521) | $ 1647081 | $ 457710 | $ 20597 | $ 38396 | $ 516702 | $ (395299) | $ 1768484 | $ 2566 | ||||||||||||||||
55 | 307 | $ 1647081 | $ 98825 | $ (53651) | $ 1692255 | $ 516702 | $ 23252 | $ 40775 | $ 580729 | $ (406141) | $ 1866843 | $ 3098 | ||||||||||||||||
56 | 297 | $ 1692255 | $ 101535 | $ (56978) | $ 1736812 | $ 580729 | $ 26133 | $ 43303 | $ 650165 | $ (416835) | $ 1970142 | $ 3709 | ||||||||||||||||
57 | 287 | $ 1736812 | $ 104209 | $ (60516) | $ 1780505 | $ 650165 | $ 29257 | $ 45992 | $ 725415 | $ (427321) | $ 2078598 | $ 4408 | ||||||||||||||||
58 | 277 | $ 1780505 | $ 106830 | $ (64278) | $ 1823057 | $ 725415 | $ 32644 | $ 48851 | $ 806910 | $ (437534) | $ 2192433 | $ 5206 | ||||||||||||||||
59 | 267 | $ 1823057 | $ 109383 | $ (68279) | $ 1864161 | $ 806910 | $ 36311 | $ 51892 | $ 895113 | $ (447399) | $ 2311875 | $ 6111 | ||||||||||||||||
60 | 257 | $ 1864161 | $ 111850 | $ (72535) | $ 1903475 | $ 895113 | $ 40280 | $ 55127 | $ 990520 | $ (456834) | $ 2437161 | $ 7137 | ||||||||||||||||
61 | 247 | $ 1903475 | $ 114209 | $ (77064) | $ 1940620 | $ 990520 | $ 44573 | $ 58568 | $ 1093662 | $ (465749) | $ 2568533 | $ 8296 | ||||||||||||||||
62 | 237 | $ 1940620 | $ 116437 | $ (81883) | $ 1975175 | $ 1093662 | $ 49215 | $ 62231 | $ 1205107 | $ (474042) | $ 2706240 | $ 9602 | ||||||||||||||||
63 | 227 | $ 1975175 | $ 118510 | $ (87012) | $ 2006673 | $ 1205107 | $ 54230 | $ 66129 | $ 1325466 | $ (481602) | $ 2850538 | $ 11070 | ||||||||||||||||
64 | 217 | $ 2006673 | $ 120400 | $ (92473) | $ 2034600 | $ 1325466 | $ 59646 | $ 70280 | $ 1455392 | $ (488304) | $ 3001688 | $ 12718 | ||||||||||||||||
65 | 207 | $ 2034600 | $ 122076 | $ (98290) | $ 2058386 | $ 1455392 | $ 65493 | $ 74700 | $ 1595585 | $ (494013) | $ 3159958 | $ 14562 | ||||||||||||||||
66 | 197 | $ 2058386 | $ 123503 | $ (104487) | $ 2077403 | $ 1595585 | $ 71801 | $ 79410 | $ 1746796 | $ (498577) | $ 3325622 | $ 16625 | ||||||||||||||||
67 | 187 | $ 2077403 | $ 124644 | $ (111091) | $ 2090956 | $ 1746796 | $ 78606 | $ 84429 | $ 1909831 | $ (501829) | $ 3498958 | $ 18926 | ||||||||||||||||
68 | 177 | $ 2090956 | $ 125457 | $ (118133) | $ 2098280 | $ 1909831 | $ 85942 | $ 89781 | $ 2085555 | $ (503587) | $ 3680248 | $ 21491 | ||||||||||||||||
69 | 167 | $ 2098280 | $ 125897 | $ (125646) | $ 2098531 | $ 2085555 | $ 93850 | $ 95491 | $ 2274895 | $ (503648) | $ 3869779 | $ 24346 | ||||||||||||||||
70 | 157 | $ 2098531 | $ 125912 | $ (133664) | $ 2090779 | $ 2274895 | $ 102370 | $ 101585 | $ 2478851 | $ (501787) | $ 4067842 | $ 27519 | ||||||||||||||||
71 | 147 | $ 2090779 | $ 125447 | $ (142230) | $ 2073996 | $ 2478851 | $ 111548 | $ 108095 | $ 2698493 | $ (497759) | $ 4274730 | $ 31042 | ||||||||||||||||
72 | 137 | $ 2073996 | $ 124440 | $ (151387) | $ 2047049 | $ 2698493 | $ 121432 | $ 115054 | $ 2934979 | $ (491292) | $ 4490737 | $ 34949 | ||||||||||||||||
73 | 127 | $ 2047049 | $ 122823 | $ (161185) | $ 2008687 | $ 2934979 | $ 132074 | $ 122501 | $ 3189554 | $ (482085) | $ 4716156 | $ 39279 | ||||||||||||||||
74 | 117 | $ 2008687 | $ 120521 | $ (171683) | $ 1957525 | $ 3189554 | $ 143530 | $ 130479 | $ 3463563 | $ (469806) | $ 4951282 | $ 44074 | ||||||||||||||||
75 | 107 | $ 1957525 | $ 117452 | $ (182946) | $ 1892031 | $ 3463563 | $ 155860 | $ 139039 | $ 3758462 | $ (454087) | $ 5196406 | $ 49378 | ||||||||||||||||
76 | 97 | $ 1892031 | $ 113522 | $ (195055) | $ 1810498 | $ 3758462 | $ 169131 | $ 148242 | $ 4075835 | $ (434519) | $ 5451813 | $ 55244 | ||||||||||||||||
77 | 87 | $ 1810498 | $ 108630 | $ (208103) | $ 1711024 | $ 4075835 | $ 183413 | $ 158158 | $ 4417406 | $ (410646) | $ 5717784 | $ 61727 | ||||||||||||||||
78 | 77 | $ 1711024 | $ 102661 | $ (222211) | $ 1591475 | $ 4417406 | $ 198783 | $ 168880 | $ 4785069 | $ (381954) | $ 5994590 | $ 68891 | ||||||||||||||||
79 | 67 | $ 1591475 | $ 95488 | $ (237534) | $ 1449430 | $ 4785069 | $ 215328 | $ 180526 | $ 5180923 | $ (347863) | $ 6282490 | $ 76807 | ||||||||||||||||
80 | 57 | $ 1449430 | $ 86966 | $ (254286) | $ 1282110 | $ 5180923 | $ 233142 | $ 193257 | $ 5607322 | $ (307706) | $ 6581725 | $ 85557 | ||||||||||||||||
81 | 47 | $ 1282110 | $ 76927 | $ (272789) | $ 1086247 | $ 5607322 | $ 252329 | $ 207320 | $ 6066971 | $ (260699) | $ 6892519 | $ 95240 | ||||||||||||||||
82 | 37 | $ 1086247 | $ 65175 | $ (293580) | $ 857842 | $ 6066971 | $ 273014 | $ 223121 | $ 6563106 | $ (205882) | $ 7215065 | $ 105976 | ||||||||||||||||
83 | 27 | $ 857842 | $ 51470 | $ (317719) | $ 591593 | $ 6563106 | $ 295340 | $ 241467 | $ 7099912 | $ (141982) | $ 7549523 | $ 117944 | ||||||||||||||||
84 | 17 | $ 591593 | $ 35496 | $ (347996) | $ 279093 | $ 7099912 | $ 319496 | $ 264477 | $ 7683885 | $ (66982) | $ 7895995 | $ 129841 | ||||||||||||||||
85 | 10 | $ 279093 | $ 16746 | $ (279093) | $ 16746 | $ 7683885 | $ 345775 | $ 212110 | $ 8241770 | $ (4019) | $ 8254497 | $ 138856 | ||||||||||||||||
86 | 10 | $ 16746 | $ 1005 | $ (16746) | $ 1005 | $ 8241770 | $ 370880 | $ 12727 | $ 8625376 | $ (241) | $ 8626140 | $ 145295 | ||||||||||||||||
87 | 10 | $ 1005 | $ 60 | $ (1005) | $ 60 | $ 8625376 | $ 388142 | $ 764 | $ 9014282 | $ (14) | $ 9014328 | $ 151844 | ||||||||||||||||
88 | 10 | $ 60 | $ 4 | $ (60) | $ 4 | $ 9014282 | $ 405643 | $ 46 | $ 9419971 | $ (1) | $ 9419973 | $ 158678 | ||||||||||||||||
89 | 10 | $ 4 | $ 0 | $ (4) | $ 0 | $ 9419971 | $ 423899 | $ 3 | $ 9843872 | $ (0) | $ 9843872 | $ 165819 | ||||||||||||||||
90 | 10 | $ 0 | $ 0 | $ (0) | $ 0 | $ 9843872 | $ 442974 | $ 0 | $ 10286846 | $ (0) | $ 10286846 | $ 173280 |
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
70 | 274 | $ 1000000 | $ 60000 | $ (36496) | $ 1023504 | $ - 0 | $ - 0 | $ 27737 | $ 27737 | $ (245641) | $ 805600 | |||||||||||||||||
71 | 265 | $ 1023504 | $ 61410 | $ (38623) | $ 1046291 | $ 27737 | $ 1248 | $ 29353 | $ 58339 | $ (251110) | $ 853520 | |||||||||||||||||
72 | 256 | $ 1046291 | $ 62777 | $ (40871) | $ 1068198 | $ 58339 | $ 2625 | $ 31062 | $ 92026 | $ (256367) | $ 903856 | |||||||||||||||||
73 | 247 | $ 1068198 | $ 64092 | $ (43247) | $ 1089043 | $ 92026 | $ 4141 | $ 32868 | $ 129035 | $ (261370) | $ 956707 | |||||||||||||||||
74 | 238 | $ 1089043 | $ 65343 | $ (45758) | $ 1108627 | $ 129035 | $ 5807 | $ 34776 | $ 169617 | $ (266071) | $ 1012174 | |||||||||||||||||
75 | 229 | $ 1108627 | $ 66518 | $ (48412) | $ 1126733 | $ 169617 | $ 7633 | $ 36793 | $ 214043 | $ (270416) | $ 1070360 | |||||||||||||||||
76 | 220 | $ 1126733 | $ 67604 | $ (51215) | $ 1143122 | $ 214043 | $ 9632 | $ 38924 | $ 262598 | $ (274349) | $ 1131371 | |||||||||||||||||
77 | 212 | $ 1143122 | $ 68587 | $ (53921) | $ 1157789 | $ 262598 | $ 11817 | $ 40980 | $ 315395 | $ (277869) | $ 1195314 | |||||||||||||||||
78 | 203 | $ 1157789 | $ 69467 | $ (57034) | $ 1170222 | $ 315395 | $ 14193 | $ 43346 | $ 372934 | $ (280853) | $ 1262302 | |||||||||||||||||
79 | 195 | $ 1170222 | $ 70213 | $ (60011) | $ 1180424 | $ 372934 | $ 16782 | $ 45609 | $ 435324 | $ (283302) | $ 1332446 | |||||||||||||||||
80 | 187 | $ 1180424 | $ 70825 | $ (63124) | $ 1188125 | $ 435324 | $ 19590 | $ 47974 | $ 502888 | $ (285150) | $ 1405863 | |||||||||||||||||
81 | 179 | $ 1188125 | $ 71288 | $ (66376) | $ 1193037 | $ 502888 | $ 22630 | $ 50446 | $ 575964 | $ (286329) | $ 1482672 | |||||||||||||||||
82 | 171 | $ 1193037 | $ 71582 | $ (69768) | $ 1194851 | $ 575964 | $ 25918 | $ 53024 | $ 654906 | $ (286764) | $ 1562993 | |||||||||||||||||
83 | 163 | $ 1194851 | $ 71691 | $ (73304) | $ 1193238 | $ 654906 | $ 29471 | $ 55711 | $ 740088 | $ (286377) | $ 1646949 | |||||||||||||||||
84 | 155 | $ 1193238 | $ 71594 | $ (76983) | $ 1187849 | $ 740088 | $ 33304 | $ 58507 | $ 831899 | $ (285084) | $ 1734664 | |||||||||||||||||
85 | 148 | $ 1187849 | $ 71271 | $ (80260) | $ 1178860 | $ 831899 | $ 37435 | $ 60998 | $ 930332 | $ (282926) | $ 1826266 | |||||||||||||||||
86 | 141 | $ 1178860 | $ 70732 | $ (83607) | $ 1165985 | $ 930332 | $ 41865 | $ 63541 | $ 1035738 | $ (279836) | $ 1921887 | |||||||||||||||||
87 | 134 | $ 1165985 | $ 69959 | $ (87014) | $ 1148930 | $ 1035738 | $ 46608 | $ 66130 | $ 1148477 | $ (275743) | $ 2021664 | |||||||||||||||||
88 | 127 | $ 1148930 | $ 68936 | $ (90467) | $ 1127399 | $ 1148477 | $ 51681 | $ 68755 | $ 1268913 | $ (270576) | $ 2125736 | |||||||||||||||||
89 | 120 | $ 1127399 | $ 67644 | $ (93950) | $ 1101093 | $ 1268913 | $ 57101 | $ 71402 | $ 1397416 | $ (264262) | $ 2234247 | |||||||||||||||||
90 | 114 | $ 1101093 | $ 66066 | $ (96587) | $ 1070571 | $ 1397416 | $ 62884 | $ 73406 | $ 1533706 | $ (256937) | $ 2347340 | |||||||||||||||||
91 | 108 | $ 1070571 | $ 64234 | $ (99127) | $ 1035679 | $ 1533706 | $ 69017 | $ 75337 | $ 1678059 | $ (248563) | $ 2465175 | |||||||||||||||||
92 | 102 | $ 1035679 | $ 62141 | $ (101537) | $ 996282 | $ 1678059 | $ 75513 | $ 77168 | $ 1830740 | $ (239108) | $ 2587915 | |||||||||||||||||
93 | 96 | $ 996282 | $ 59777 | $ (103779) | $ 952280 | $ 1830740 | $ 82383 | $ 78872 | $ 1991996 | $ (228547) | $ 2715729 | |||||||||||||||||
94 | 91 | $ 952280 | $ 57137 | $ (104646) | $ 904770 | $ 1991996 | $ 89640 | $ 79531 | $ 2161167 | $ (217145) | $ 2848792 | |||||||||||||||||
95 | 86 | $ 904770 | $ 54286 | $ (105206) | $ 853851 | $ 2161167 | $ 97253 | $ 79956 | $ 2338376 | $ (204924) | $ 2987303 | |||||||||||||||||
96 | 81 | $ 853851 | $ 51231 | $ (105414) | $ 799668 | $ 2338376 | $ 105227 | $ 80114 | $ 2523717 | $ (191920) | $ 3131465 | |||||||||||||||||
97 | 76 | $ 799668 | $ 47980 | $ (105219) | $ 742429 | $ 2523717 | $ 113567 | $ 79967 | $ 2717251 | $ (178183) | $ 3281497 | |||||||||||||||||
98 | 71 | $ 742429 | $ 44546 | $ (104567) | $ 682407 | $ 2717251 | $ 122276 | $ 79471 | $ 2918999 | $ (163778) | $ 3437628 | |||||||||||||||||
99 | 67 | $ 682407 | $ 40944 | $ (101852) | $ 621500 | $ 2918999 | $ 131355 | $ 77407 | $ 3127761 | $ (149160) | $ 3600101 | |||||||||||||||||
100 | 63 | $ 621500 | $ 37290 | $ (98651) | $ 560139 | $ 3127761 | $ 140749 | $ 74975 | $ 3343485 | $ (134433) | $ 3769191 | |||||||||||||||||
Traditional IRA | Taxable Investment Account | Terminal | TOTAL | |||||||||||||||||||||||||
RMD | Beginning | Growth | Ending | Beginning | Growth | Net Distribution | Ending | Income Tax | INVESTMENT | |||||||||||||||||||
Age | Factor | Balance | 600 | Distributions | Balance | Balance | 450 | 2400 | Balance | 2400 | BALANCE | |||||||||||||||||
70 | 291 | $ 1000000 | $ 60000 | $ (34364) | $ 1025636 | $ - 0 | $ - 0 | $ 26117 | $ 26117 | $ (246153) | $ 805600 | $ - 0 | ||||||||||||||||
71 | 282 | $ 1025636 | $ 61538 | $ (36370) | $ 1050804 | $ 26117 | $ 1175 | $ 27641 | $ 54933 | $ (252193) | $ 853544 | $ 24 | ||||||||||||||||
72 | 273 | $ 1050804 | $ 63048 | $ (38491) | $ 1075361 | $ 54933 | $ 2472 | $ 29253 | $ 86658 | $ (258087) | $ 903933 | $ 77 | ||||||||||||||||
73 | 264 | $ 1075361 | $ 64522 | $ (40733) | $ 1099149 | $ 86658 | $ 3900 | $ 30957 | $ 121515 | $ (263796) | $ 956869 | $ 162 | ||||||||||||||||
74 | 255 | $ 1099149 | $ 65949 | $ (43104) | $ 1121994 | $ 121515 | $ 5468 | $ 32759 | $ 159743 | $ (269279) | $ 1012458 | $ 284 | ||||||||||||||||
75 | 246 | $ 1121994 | $ 67320 | $ (45610) | $ 1143705 | $ 159743 | $ 7188 | $ 34663 | $ 201594 | $ (274489) | $ 1070810 | $ 450 | ||||||||||||||||
76 | 237 | $ 1143705 | $ 68622 | $ (48258) | $ 1164069 | $ 201594 | $ 9072 | $ 36676 | $ 247342 | $ (279377) | $ 1132034 | $ 663 | ||||||||||||||||
77 | 228 | $ 1164069 | $ 69844 | $ (51056) | $ 1182858 | $ 247342 | $ 11130 | $ 38802 | $ 297274 | $ (283886) | $ 1196246 | $ 932 | ||||||||||||||||
78 | 219 | $ 1182858 | $ 70971 | $ (54012) | $ 1199817 | $ 297274 | $ 13377 | $ 41049 | $ 351701 | $ (287956) | $ 1263562 | $ 1260 | ||||||||||||||||
79 | 210 | $ 1199817 | $ 71989 | $ (57134) | $ 1214672 | $ 351701 | $ 15827 | $ 43422 | $ 410949 | $ (291521) | $ 1334100 | $ 1654 | ||||||||||||||||
80 | 202 | $ 1214672 | $ 72880 | $ (60132) | $ 1227420 | $ 410949 | $ 18493 | $ 45701 | $ 475143 | $ (294581) | $ 1407982 | $ 2119 | ||||||||||||||||
81 | 193 | $ 1227420 | $ 73645 | $ (63597) | $ 1237469 | $ 475143 | $ 21381 | $ 48334 | $ 544858 | $ (296992) | $ 1485334 | $ 2662 | ||||||||||||||||
82 | 184 | $ 1237469 | $ 74248 | $ (67254) | $ 1244463 | $ 544858 | $ 24519 | $ 51113 | $ 620489 | $ (298671) | $ 1566281 | $ 3288 | ||||||||||||||||
83 | 176 | $ 1244463 | $ 74668 | $ (70708) | $ 1248423 | $ 620489 | $ 27922 | $ 53738 | $ 702149 | $ (299621) | $ 1650951 | $ 4002 | ||||||||||||||||
84 | 168 | $ 1248423 | $ 74905 | $ (74311) | $ 1249017 | $ 702149 | $ 31597 | $ 56476 | $ 790222 | $ (299764) | $ 1739475 | $ 4811 | ||||||||||||||||
85 | 160 | $ 1249017 | $ 74941 | $ (78064) | $ 1245895 | $ 790222 | $ 35560 | $ 59328 | $ 885111 | $ (299015) | $ 1831990 | $ 5725 | ||||||||||||||||
86 | 152 | $ 1245895 | $ 74754 | $ (81967) | $ 1238682 | $ 885111 | $ 39830 | $ 62295 | $ 987235 | $ (297284) | $ 1928633 | $ 6747 | ||||||||||||||||
87 | 144 | $ 1238682 | $ 74321 | $ (86020) | $ 1226983 | $ 987235 | $ 44426 | $ 65375 | $ 1097036 | $ (294476) | $ 2029543 | $ 7879 | ||||||||||||||||
88 | 136 | $ 1226983 | $ 73619 | $ (90219) | $ 1210383 | $ 1097036 | $ 49367 | $ 68567 | $ 1214969 | $ (290492) | $ 2134860 | $ 9123 | ||||||||||||||||
89 | 129 | $ 1210383 | $ 72623 | $ (93828) | $ 1189177 | $ 1214969 | $ 54674 | $ 71309 | $ 1340952 | $ (285403) | $ 2244727 | $ 10480 | ||||||||||||||||
90 | 121 | $ 1189177 | $ 71351 | $ (98279) | $ 1162249 | $ 1340952 | $ 60343 | $ 74692 | $ 1475987 | $ (278940) | $ 2359296 | $ 11956 | ||||||||||||||||
91 | 114 | $ 1162249 | $ 69735 | $ (101952) | $ 1130032 | $ 1475987 | $ 66419 | $ 77483 | $ 1619890 | $ (271208) | $ 2478714 | $ 13539 | ||||||||||||||||
92 | 108 | $ 1130032 | $ 67802 | $ (104633) | $ 1093202 | $ 1619890 | $ 72895 | $ 79521 | $ 1772305 | $ (262368) | $ 2603139 | $ 15224 | ||||||||||||||||
93 | 101 | $ 1093202 | $ 65592 | $ (108238) | $ 1050556 | $ 1772305 | $ 79754 | $ 82261 | $ 1934320 | $ (252133) | $ 2732742 | $ 17014 | ||||||||||||||||
94 | 95 | $ 1050556 | $ 63033 | $ (110585) | $ 1003004 | $ 1934320 | $ 87044 | $ 84044 | $ 2105409 | $ (240721) | $ 2867692 | $ 18900 | ||||||||||||||||
95 | 89 | $ 1003004 | $ 60180 | $ (112697) | $ 950488 | $ 2105409 | $ 94743 | $ 85650 | $ 2285802 | $ (228117) | $ 3008172 | $ 20870 | ||||||||||||||||
96 | 83 | $ 950488 | $ 57029 | $ (114517) | $ 893000 | $ 2285802 | $ 102861 | $ 87033 | $ 2475696 | $ (214320) | $ 3154376 | $ 22911 | ||||||||||||||||
97 | 78 | $ 893000 | $ 53580 | $ (114487) | $ 832093 | $ 2475696 | $ 111406 | $ 87010 | $ 2674112 | $ (199702) | $ 3306503 | $ 25006 | ||||||||||||||||
98 | 73 | $ 832093 | $ 49926 | $ (113985) | $ 768033 | $ 2674112 | $ 120335 | $ 86629 | $ 2881076 | $ (184328) | $ 3464781 | $ 27153 | ||||||||||||||||
99 | 68 | $ 768033 | $ 46082 | $ (112946) | $ 701169 | $ 2881076 | $ 129648 | $ 85839 | $ 3096564 | $ (168281) | $ 3629452 | $ 29351 | ||||||||||||||||
100 | 64 | $ 701169 | $ 42070 | $ (109558) | $ 633682 | $ 3096564 | $ 139345 | $ 83264 | $ 3319173 | $ (152084) | $ 3800771 | $ 31580 |
Age | Current LE Factor | Proposed LE Factor | ||||
0 | 824 | 845 | ||||
1 | 816 | 837 | ||||
2 | 806 | 827 | ||||
3 | 797 | 817 | ||||
4 | 787 | 808 | ||||
5 | 777 | 798 | ||||
6 | 767 | 788 | ||||
7 | 758 | 778 | ||||
8 | 748 | 768 | ||||
9 | 738 | 758 | ||||
10 | 728 | 748 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
11 | 718 | 738 | ||||
12 | 708 | 728 | ||||
13 | 699 | 719 | ||||
14 | 689 | 709 | ||||
15 | 679 | 699 | ||||
16 | 669 | 689 | ||||
17 | 660 | 679 | ||||
18 | 650 | 669 | ||||
19 | 640 | 660 | ||||
20 | 630 | 650 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
21 | 621 | 640 | ||||
22 | 611 | 630 | ||||
23 | 601 | 620 | ||||
24 | 591 | 611 | ||||
25 | 582 | 601 | ||||
26 | 572 | 591 | ||||
27 | 562 | 582 | ||||
28 | 553 | 572 | ||||
29 | 543 | 562 | ||||
30 | 533 | 553 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
31 | 524 | 543 | ||||
32 | 514 | 534 | ||||
33 | 504 | 524 | ||||
34 | 494 | 514 | ||||
35 | 485 | 505 | ||||
36 | 475 | 495 | ||||
37 | 465 | 486 | ||||
38 | 456 | 476 | ||||
39 | 446 | 466 | ||||
40 | 436 | 457 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
41 | 427 | 447 | ||||
42 | 417 | 438 | ||||
43 | 407 | 428 | ||||
44 | 398 | 418 | ||||
45 | 388 | 409 | ||||
46 | 379 | 399 | ||||
47 | 370 | 390 | ||||
48 | 360 | 380 | ||||
49 | 351 | 371 | ||||
50 | 342 | 361 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
51 | 333 | 352 | ||||
52 | 323 | 343 | ||||
53 | 314 | 333 | ||||
54 | 305 | 324 | ||||
55 | 296 | 315 | ||||
56 | 287 | 306 | ||||
57 | 279 | 297 | ||||
58 | 270 | 288 | ||||
59 | 261 | 279 | ||||
60 | 252 | 271 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
61 | 244 | 262 | ||||
62 | 235 | 253 | ||||
63 | 227 | 245 | ||||
64 | 218 | 236 | ||||
65 | 210 | 228 | ||||
66 | 202 | 220 | ||||
67 | 194 | 212 | ||||
68 | 186 | 204 | ||||
69 | 178 | 195 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
70 | 170 | 187 | ||||
71 | 163 | 179 | ||||
72 | 155 | 171 | ||||
73 | 148 | 163 | ||||
74 | 141 | 156 | ||||
75 | 134 | 148 | ||||
76 | 127 | 140 | ||||
77 | 121 | 133 | ||||
78 | 114 | 126 | ||||
79 | 108 | 119 | ||||
80 | 102 | 112 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
81 | 97 | 105 | ||||
82 | 91 | 99 | ||||
83 | 86 | 92 | ||||
84 | 81 | 86 | ||||
85 | 76 | 81 | ||||
86 | 71 | 75 | ||||
87 | 67 | 70 | ||||
88 | 63 | 66 | ||||
89 | 59 | 61 | ||||
90 | 55 | 57 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
91 | 52 | 53 | ||||
92 | 49 | 49 | ||||
93 | 46 | 46 | ||||
94 | 43 | 42 | ||||
95 | 41 | 39 | ||||
96 | 38 | 37 | ||||
97 | 36 | 34 | ||||
98 | 34 | 32 | ||||
99 | 31 | 30 | ||||
100 | 29 | 28 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
101 | 27 | 26 | ||||
102 | 25 | 25 | ||||
103 | 23 | 23 | ||||
104 | 21 | 22 | ||||
105 | 19 | 21 | ||||
106 | 17 | 21 | ||||
107 | 15 | 21 | ||||
108 | 14 | 20 | ||||
109 | 12 | 20 | ||||
110 | 11 | 20 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
111 | 10 | 20 | ||||
112 | 20 | |||||
113 | 19 | |||||
114 | 19 | |||||
115 | 18 | |||||
116 | 18 | |||||
117 | 16 | |||||
118 | 14 | |||||
119 | 11 | |||||
120 | 10 |
Age | Current LE Factor | Proposed LE Factor | ||||
70 | 274 | 291 | ||||
71 | 265 | 282 | ||||
72 | 256 | 273 | ||||
73 | 247 | 264 | ||||
74 | 238 | 255 | ||||
75 | 229 | 246 | ||||
76 | 220 | 237 | ||||
77 | 212 | 228 | ||||
78 | 203 | 219 | ||||
79 | 195 | 210 | ||||
80 | 187 | 202 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
81 | 179 | 193 | ||||
82 | 171 | 184 | ||||
83 | 163 | 176 | ||||
84 | 155 | 168 | ||||
85 | 148 | 160 | ||||
86 | 141 | 152 | ||||
87 | 134 | 144 | ||||
88 | 127 | 136 | ||||
89 | 120 | 129 | ||||
90 | 114 | 121 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
91 | 108 | 114 | ||||
92 | 102 | 108 | ||||
93 | 96 | 101 | ||||
94 | 91 | 95 | ||||
95 | 86 | 89 | ||||
96 | 81 | 83 | ||||
97 | 76 | 78 | ||||
98 | 71 | 73 | ||||
99 | 67 | 68 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
100 | 63 | 64 | ||||
101 | 59 | 59 | ||||
102 | 55 | 56 | ||||
103 | 52 | 52 | ||||
104 | 49 | 49 | ||||
105 | 45 | 46 | ||||
106 | 42 | 43 | ||||
107 | 39 | 41 | ||||
108 | 37 | 39 | ||||
109 | 34 | 37 | ||||
Age | Current LE Factor | Proposed LE Factor | ||||
110 | 31 | 35 | ||||
111 | 29 | 34 | ||||
112 | 26 | 32 | ||||
113 | 24 | 31 | ||||
114 | 21 | 30 | ||||
115 | 19 | 29 | ||||
116 | 28 | |||||
117 | 27 | |||||
118 | 25 | |||||
119 | 23 | |||||
120 | 20 | |||||
Uniform Lifetime Table | Single Life Table | ||||||||||||
Age | Current LE Factor | Proposed LE Factor | Age | Current LE Factor | Proposed LE Factor | ||||||||
70 | 274 | 291 | 0 | 824 | 845 | ||||||||
71 | 265 | 282 | 1 | 816 | 837 | ||||||||
72 | 256 | 273 | 2 | 806 | 827 | ||||||||
73 | 247 | 264 | 3 | 797 | 817 | ||||||||
74 | 238 | 255 | 4 | 787 | 808 | ||||||||
75 | 229 | 246 | 5 | 777 | 798 | ||||||||
76 | 220 | 237 | 6 | 767 | 788 | ||||||||
77 | 212 | 228 | 7 | 758 | 778 | ||||||||
78 | 203 | 219 | 8 | 748 | 768 | ||||||||
79 | 195 | 210 | 9 | 738 | 758 | ||||||||
80 | 187 | 202 | 10 | 728 | 748 | ||||||||
81 | 179 | 193 | 11 | 718 | 738 | ||||||||
82 | 171 | 184 | 12 | 708 | 728 | ||||||||
83 | 163 | 176 | 13 | 699 | 719 | ||||||||
84 | 155 | 168 | 14 | 689 | 709 | ||||||||
85 | 148 | 160 | 15 | 679 | 699 | ||||||||
86 | 141 | 152 | 16 | 669 | 689 | ||||||||
87 | 134 | 144 | 17 | 660 | 679 | ||||||||
88 | 127 | 136 | 18 | 650 | 669 | ||||||||
89 | 120 | 129 | 19 | 640 | 660 | ||||||||
90 | 114 | 121 | 20 | 630 | 650 | ||||||||
91 | 108 | 114 | 21 | 621 | 640 | ||||||||
92 | 102 | 108 | 22 | 611 | 630 | ||||||||
93 | 96 | 101 | 23 | 601 | 620 | ||||||||
94 | 91 | 95 | 24 | 591 | 611 | ||||||||
95 | 86 | 89 | 25 | 582 | 601 | ||||||||
96 | 81 | 83 | 26 | 572 | 591 | ||||||||
97 | 76 | 78 | 27 | 562 | 582 | ||||||||
98 | 71 | 73 | 28 | 553 | 572 | ||||||||
99 | 67 | 68 | 29 | 543 | 562 | ||||||||
100 | 63 | 64 | 30 | 533 | 553 | ||||||||
101 | 59 | 59 | 31 | 524 | 543 | ||||||||
102 | 55 | 56 | 32 | 514 | 534 | ||||||||
103 | 52 | 52 | 33 | 504 | 524 | ||||||||
104 | 49 | 49 | 34 | 494 | 514 | ||||||||
105 | 45 | 46 | 35 | 485 | 505 | ||||||||
106 | 42 | 43 | 36 | 475 | 495 | ||||||||
107 | 39 | 41 | 37 | 465 | 486 | ||||||||
108 | 37 | 39 | 38 | 456 | 476 | ||||||||
109 | 34 | 37 | 39 | 446 | 466 | ||||||||
110 | 31 | 35 | 40 | 436 | 457 | ||||||||
111 | 29 | 34 | 41 | 427 | 447 | ||||||||
112 | 26 | 32 | 42 | 417 | 438 | ||||||||
113 | 24 | 31 | 43 | 407 | 428 | ||||||||
114 | 21 | 30 | 44 | 398 | 418 | ||||||||
115 | 19 | 29 | 45 | 388 | 409 | ||||||||
116 | 28 | 46 | 379 | 399 | |||||||||
117 | 27 | 47 | 370 | 390 | |||||||||
118 | 25 | 48 | 360 | 380 | |||||||||
119 | 23 | 49 | 351 | 371 | |||||||||
120 | 20 | 50 | 342 | 361 | |||||||||
51 | 333 | 352 | |||||||||||
52 | 323 | 343 | |||||||||||
53 | 314 | 333 | |||||||||||
54 | 305 | 324 | |||||||||||
55 | 296 | 315 | |||||||||||
56 | 287 | 306 | |||||||||||
57 | 279 | 297 | |||||||||||
58 | 270 | 288 | |||||||||||
59 | 261 | 279 | |||||||||||
60 | 252 | 271 | |||||||||||
61 | 244 | 262 | |||||||||||
62 | 235 | 253 | |||||||||||
63 | 227 | 245 | |||||||||||
64 | 218 | 236 | |||||||||||
65 | 210 | 228 | |||||||||||
66 | 202 | 220 | |||||||||||
67 | 194 | 212 | |||||||||||
68 | 186 | 204 | |||||||||||
69 | 178 | 195 | |||||||||||
70 | 170 | 187 | |||||||||||
71 | 163 | 179 | |||||||||||
72 | 155 | 171 | |||||||||||
73 | 148 | 163 | |||||||||||
74 | 141 | 156 | |||||||||||
75 | 134 | 148 | |||||||||||
76 | 127 | 140 | |||||||||||
77 | 121 | 133 | |||||||||||
78 | 114 | 126 | |||||||||||
79 | 108 | 119 | |||||||||||
80 | 102 | 112 | |||||||||||
81 | 97 | 105 | |||||||||||
82 | 91 | 99 | |||||||||||
83 | 86 | 92 | |||||||||||
84 | 81 | 86 | |||||||||||
85 | 76 | 81 | |||||||||||
86 | 71 | 75 | |||||||||||
87 | 67 | 70 | |||||||||||
88 | 63 | 66 | |||||||||||
89 | 59 | 61 | |||||||||||
90 | 55 | 57 | |||||||||||
91 | 52 | 53 | |||||||||||
92 | 49 | 49 | |||||||||||
93 | 46 | 46 | |||||||||||
94 | 43 | 42 | |||||||||||
95 | 41 | 39 | |||||||||||
96 | 38 | 37 | |||||||||||
97 | 36 | 34 | |||||||||||
98 | 34 | 32 | |||||||||||
99 | 31 | 30 | |||||||||||
100 | 29 | 28 | |||||||||||
101 | 27 | 26 | |||||||||||
102 | 25 | 25 | |||||||||||
103 | 23 | 23 | |||||||||||
104 | 21 | 22 | |||||||||||
105 | 19 | 21 | |||||||||||
106 | 17 | 21 | |||||||||||
107 | 15 | 21 | |||||||||||
108 | 14 | 20 | |||||||||||
109 | 12 | 20 | |||||||||||
110 | 11 | 20 | |||||||||||
111 | 10 | 20 | |||||||||||
112 | 20 | ||||||||||||
113 | 19 | ||||||||||||
114 | 19 | ||||||||||||
115 | 18 | ||||||||||||
116 | 18 | ||||||||||||
117 | 16 | ||||||||||||
118 | 14 | ||||||||||||
119 | 11 | ||||||||||||
120 | 10 |
Years after | RMD | 10-Year Rule Options | |||||||
Death | Age | Current Method | Equal Schedule | Full Deferral | |||||
0 | 30 | $18762 | $142378 | $0 | |||||
1 | 31 | $20100 | $142378 | $0 | |||||
2 | 32 | $21535 | $142378 | $0 | |||||
3 | 33 | $23072 | $142378 | $0 | |||||
4 | 34 | $24720 | $142378 | $0 | |||||
5 | 35 | $26486 | $142378 | $0 | |||||
6 | 36 | $28379 | $142378 | $0 | |||||
7 | 37 | $30409 | $142378 | $0 | |||||
8 | 38 | $32584 | $142378 | $0 | |||||
9 | 39 | $34917 | $142378 | $0 | |||||
10 | 40 | $37417 | $142378 | $1967151 |
Current Method | |||||||||||||||||
BB | G | RMD | EB | Single Life Table | |||||||||||||
7 | 533 | ||||||||||||||||
0 | 30 | $ 1000000 | $ 70000 | $ (18762) | $ 1051238 | Age | LE Factor | ||||||||||
1 | 31 | $ 1051238 | $ 73587 | $ (20100) | $ 1104725 | 0 | 824 | ||||||||||
2 | 32 | $ 1104725 | $ 77331 | $ (21535) | $ 1160521 | 1 | 816 | ||||||||||
3 | 33 | $ 1160521 | $ 81236 | $ (23072) | $ 1218685 | 2 | 806 | ||||||||||
4 | 34 | $ 1218685 | $ 85308 | $ (24720) | $ 1279274 | 3 | 797 | ||||||||||
5 | 35 | $ 1279274 | $ 89549 | $ (26486) | $ 1342337 | 4 | 787 | ||||||||||
6 | 36 | $ 1342337 | $ 93964 | $ (28379) | $ 1407921 | 5 | 777 | ||||||||||
7 | 37 | $ 1407921 | $ 98554 | $ (30409) | $ 1476067 | 6 | 767 | ||||||||||
8 | 38 | $ 1476067 | $ 103325 | $ (32584) | $ 1546807 | 7 | 758 | ||||||||||
9 | 39 | $ 1546807 | $ 108277 | $ (34917) | $ 1620167 | 8 | 748 | ||||||||||
10 | 40 | $ 1620167 | $ 113412 | $ (37417) | $ 1696162 | 9 | 738 | ||||||||||
11 | 41 | $ 1696162 | $ 118731 | $ (40098) | $ 1774795 | 10 | 728 | ||||||||||
12 | 42 | $ 1774795 | $ 124236 | $ (42973) | $ 1856057 | 11 | 718 | ||||||||||
13 | 43 | $ 1856057 | $ 129924 | $ (46056) | $ 1939925 | 12 | 708 | ||||||||||
14 | 44 | $ 1939925 | $ 135795 | $ (49362) | $ 2026358 | 13 | 699 | ||||||||||
15 | 45 | $ 2026358 | $ 141845 | $ (52908) | $ 2115295 | 14 | 689 | ||||||||||
16 | 46 | $ 2115295 | $ 148071 | $ (56710) | $ 2206656 | 15 | 679 | ||||||||||
17 | 47 | $ 2206656 | $ 154466 | $ (60789) | $ 2300332 | 16 | 669 | ||||||||||
18 | 48 | $ 2300332 | $ 161023 | $ (65165) | $ 2396190 | 17 | 660 | ||||||||||
19 | 49 | $ 2396190 | $ 167733 | $ (69860) | $ 2494064 | 18 | 650 | ||||||||||
20 | 50 | $ 2494064 | $ 174584 | $ (74897) | $ 2593751 | 19 | 640 | ||||||||||
21 | 51 | $ 2593751 | $ 181563 | $ (80302) | $ 2695012 | 20 | 630 | ||||||||||
22 | 52 | $ 2695012 | $ 188651 | $ (86103) | $ 2797560 | 21 | 621 | ||||||||||
23 | 53 | $ 2797560 | $ 195829 | $ (92329) | $ 2901061 | 22 | 611 | ||||||||||
24 | 54 | $ 2901061 | $ 203074 | $ (99012) | $ 3005123 | 23 | 601 | ||||||||||
25 | 55 | $ 3005123 | $ 210359 | $ (106188) | $ 3109293 | 24 | 591 | ||||||||||
26 | 56 | $ 3109293 | $ 217651 | $ (113894) | $ 3213050 | 25 | 582 | ||||||||||
27 | 57 | $ 3213050 | $ 224914 | $ (122169) | $ 3315795 | 26 | 572 | ||||||||||
28 | 58 | $ 3315795 | $ 232106 | $ (131059) | $ 3416841 | 27 | 562 | ||||||||||
29 | 59 | $ 3416841 | $ 239179 | $ (140611) | $ 3515409 | 28 | 553 | ||||||||||
30 | 60 | $ 3515409 | $ 246079 | $ (150876) | $ 3610612 | 29 | 543 | ||||||||||
31 | 61 | $ 3610612 | $ 252743 | $ (161911) | $ 3701444 | 30 | 533 | ||||||||||
32 | 62 | $ 3701444 | $ 259101 | $ (173777) | $ 3786768 | 31 | 524 | ||||||||||
33 | 63 | $ 3786768 | $ 265074 | $ (186540) | $ 3865302 | 32 | 514 | ||||||||||
34 | 64 | $ 3865302 | $ 270571 | $ (200275) | $ 3935598 | 33 | 504 | ||||||||||
35 | 65 | $ 3935598 | $ 275492 | $ (215060) | $ 3996030 | 34 | 494 | ||||||||||
36 | 66 | $ 3996030 | $ 279722 | $ (230984) | $ 4044768 | 35 | 485 | ||||||||||
37 | 67 | $ 4044768 | $ 283134 | $ (248145) | $ 4079756 | 36 | 475 | ||||||||||
38 | 68 | $ 4079756 | $ 285583 | $ (266651) | $ 4098688 | 37 | 465 | ||||||||||
39 | 69 | $ 4098688 | $ 286908 | $ (286622) | $ 4098975 | 38 | 456 | ||||||||||
40 | 70 | $ 4098975 | $ 286928 | $ (308194) | $ 4077710 | 39 | 446 | ||||||||||
41 | 71 | $ 4077710 | $ 285440 | $ (331521) | $ 4031628 | 40 | 436 | ||||||||||
42 | 72 | $ 4031628 | $ 282214 | $ (356781) | $ 3957061 | 41 | 427 | ||||||||||
43 | 73 | $ 3957061 | $ 276994 | $ (384181) | $ 3849875 | 42 | 417 | ||||||||||
44 | 74 | $ 3849875 | $ 269491 | $ (413965) | $ 3705401 | 43 | 407 | ||||||||||
45 | 75 | $ 3705401 | $ 259378 | $ (446434) | $ 3518345 | 44 | 398 | ||||||||||
46 | 76 | $ 3518345 | $ 246284 | $ (481965) | $ 3282664 | 45 | 388 | ||||||||||
47 | 77 | $ 3282664 | $ 229786 | $ (521058) | $ 2991393 | 46 | 379 | ||||||||||
48 | 78 | $ 2991393 | $ 209397 | $ (564414) | $ 2636377 | 47 | 370 | ||||||||||
49 | 79 | $ 2636377 | $ 184546 | $ (613111) | $ 2207812 | 48 | 360 | ||||||||||
50 | 80 | $ 2207812 | $ 154547 | $ (669034) | $ 1693325 | 49 | 351 | ||||||||||
51 | 81 | $ 1693325 | $ 118533 | $ (736228) | $ 1075629 | 50 | 342 | ||||||||||
52 | 82 | $ 1075629 | $ 75294 | $ (827407) | $ 323516 | 51 | 333 | ||||||||||
52 | 323 | ||||||||||||||||
53 | 314 | ||||||||||||||||
54 | 305 | ||||||||||||||||
55 | 296 | ||||||||||||||||
56 | 287 | ||||||||||||||||
57 | 279 | ||||||||||||||||
58 | 270 | ||||||||||||||||
59 | 261 | ||||||||||||||||
60 | 252 | ||||||||||||||||
61 | 244 | ||||||||||||||||
62 | 235 | ||||||||||||||||
63 | 227 | ||||||||||||||||
64 | 218 | ||||||||||||||||
65 | 210 | ||||||||||||||||
66 | 202 | ||||||||||||||||
67 | 194 | ||||||||||||||||
68 | 186 | ||||||||||||||||
69 | 178 | ||||||||||||||||
70 | 170 | ||||||||||||||||
71 | 163 | ||||||||||||||||
72 | 155 | ||||||||||||||||
73 | 148 | ||||||||||||||||
74 | 141 | ||||||||||||||||
75 | 134 | ||||||||||||||||
76 | 127 | ||||||||||||||||
77 | 121 | ||||||||||||||||
78 | 114 | ||||||||||||||||
79 | 108 | ||||||||||||||||
80 | 102 | ||||||||||||||||
81 | 97 | ||||||||||||||||
82 | 91 | ||||||||||||||||
83 | 86 | ||||||||||||||||
84 | 81 | ||||||||||||||||
85 | 76 | ||||||||||||||||
86 | 71 | ||||||||||||||||
87 | 67 | ||||||||||||||||
88 | 63 | ||||||||||||||||
89 | 59 | ||||||||||||||||
90 | 55 | ||||||||||||||||
91 | 52 | ||||||||||||||||
92 | 49 | ||||||||||||||||
93 | 46 | ||||||||||||||||
94 | 43 | ||||||||||||||||
95 | 41 | ||||||||||||||||
96 | 38 | ||||||||||||||||
97 | 36 | ||||||||||||||||
98 | 34 | ||||||||||||||||
99 | 31 | ||||||||||||||||
100 | 29 | ||||||||||||||||
101 | 27 | ||||||||||||||||
102 | 25 | ||||||||||||||||
103 | 23 | ||||||||||||||||
104 | 21 | ||||||||||||||||
105 | 19 | ||||||||||||||||
106 | 17 | ||||||||||||||||
107 | 15 | ||||||||||||||||
108 | 14 | ||||||||||||||||
109 | 12 | ||||||||||||||||
110 | 11 | ||||||||||||||||
111 | 10 |
Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | Age | Divisor | ||||||||||||||
0 | 824 | 16 | 669 | 32 | 514 | 48 | 360 | 64 | 218 | 80 | 102 | 96 | 38 | ||||||||||||||
1 | 816 | 17 | 660 | 33 | 504 | 49 | 351 | 65 | 210 | 81 | 97 | 97 | 36 | ||||||||||||||
2 | 806 | 18 | 650 | 34 | 494 | 50 | 342 | 66 | 202 | 82 | 91 | 98 | 34 | ||||||||||||||
3 | 797 | 19 | 640 | 35 | 485 | 51 | 333 | 67 | 194 | 83 | 86 | 99 | 31 | ||||||||||||||
4 | 787 | 20 | 630 | 36 | 475 | 52 | 323 | 68 | 186 | 84 | 81 | 100 | 29 | ||||||||||||||
5 | 777 | 21 | 621 | 37 | 465 | 53 | 314 | 69 | 178 | 85 | 76 | 101 | 27 | ||||||||||||||
6 | 767 | 22 | 611 | 38 | 456 | 54 | 305 | 70 | 170 | 86 | 71 | 102 | 25 | ||||||||||||||
7 | 758 | 23 | 601 | 39 | 446 | 55 | 296 | 71 | 163 | 87 | 67 | 103 | 23 | ||||||||||||||
8 | 748 | 24 | 591 | 40 | 436 | 56 | 287 | 72 | 155 | 88 | 63 | 104 | 21 | ||||||||||||||
9 | 738 | 25 | 582 | 41 | 427 | 57 | 279 | 73 | 148 | 89 | 59 | 105 | 19 | ||||||||||||||
10 | 728 | 26 | 572 | 42 | 417 | 58 | 270 | 74 | 141 | 90 | 55 | 106 | 17 | ||||||||||||||
11 | 718 | 27 | 562 | 43 | 407 | 59 | 261 | 75 | 134 | 91 | 52 | 107 | 15 | ||||||||||||||
12 | 708 | 28 | 553 | 44 | 398 | 60 | 252 | 76 | 127 | 92 | 49 | 108 | 14 | ||||||||||||||
13 | 699 | 29 | 543 | 45 | 388 | 61 | 244 | 77 | 121 | 93 | 46 | 109 | 12 | ||||||||||||||
14 | 689 | 30 | 533 | 46 | 379 | 62 | 235 | 78 | 114 | 94 | 43 | 110 | 11 | ||||||||||||||
15 | 679 | 31 | 524 | 47 | 370 | 63 | 227 | 79 | 108 | 95 | 41 | 111 | 10 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Youngest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | GCs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 15 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
16 | 669 | 2008 | $ 1080000 | $ (16143) | $ 85109 | $ 1148965 | $ - 0 | $ 9686 | $ 775 | $ (77) | $ 10383 | $ 1159349 | |||||||||||||||
17 | 659 | 2009 | $ 1148965 | $ (17435) | $ 90522 | $ 1222052 | $ 10383 | $ 10461 | $ 1668 | $ (167) | $ 22345 | $ 1244398 | |||||||||||||||
18 | 649 | 2010 | $ 1222052 | $ (18830) | $ 96258 | $ 1299480 | $ 22345 | $ 11298 | $ 2691 | $ (269) | $ 36065 | $ 1335546 | |||||||||||||||
19 | 639 | 2011 | $ 1299480 | $ (20336) | $ 102332 | $ 1381476 | $ 36065 | $ 12202 | $ 3861 | $ (386) | $ 51742 | $ 1433218 | |||||||||||||||
20 | 629 | 2012 | $ 1381476 | $ (21963) | $ 108761 | $ 1468274 | $ 51742 | $ 13178 | $ 5194 | $ (519) | $ 69594 | $ 1537868 | |||||||||||||||
21 | 619 | 2013 | $ 1468274 | $ (23720) | $ 115564 | $ 1560118 | $ 69594 | $ 14232 | $ 6706 | $ (671) | $ 89862 | $ 1649980 | |||||||||||||||
22 | 609 | 2014 | $ 1560118 | $ (25618) | $ 122760 | $ 1657260 | $ 89862 | $ 15371 | $ 8419 | $ (842) | $ 112809 | $ 1770070 | |||||||||||||||
23 | 599 | 2015 | $ 1657260 | $ (27667) | $ 130367 | $ 1759961 | $ 112809 | $ 16600 | $ 10353 | $ (1035) | $ 138727 | $ 1898688 | |||||||||||||||
24 | 589 | 2016 | $ 1759961 | $ (29880) | $ 138406 | $ 1868487 | $ 138727 | $ 17928 | $ 12532 | $ (1253) | $ 167935 | $ 2036421 | |||||||||||||||
25 | 579 | 2017 | $ 1868487 | $ (32271) | $ 146897 | $ 1983113 | $ 167935 | $ 19363 | $ 14984 | $ (1498) | $ 200783 | $ 2183896 | |||||||||||||||
26 | 569 | 2018 | $ 1983113 | $ (34853) | $ 155861 | $ 2104121 | $ 200783 | $ 20912 | $ 17736 | $ (1774) | $ 237656 | $ 2341777 | |||||||||||||||
27 | 559 | 2019 | $ 2104121 | $ (37641) | $ 165318 | $ 2231799 | $ 237656 | $ 22584 | $ 20819 | $ (2082) | $ 278978 | $ 2510777 | |||||||||||||||
28 | 549 | 2020 | $ 2231799 | $ (40652) | $ 175292 | $ 2366439 | $ 278978 | $ 24391 | $ 24270 | $ (2427) | $ 325212 | $ 2691650 | |||||||||||||||
29 | 539 | 2021 | $ 2366439 | $ (43904) | $ 185803 | $ 2508337 | $ 325212 | $ 26343 | $ 28124 | $ (2812) | $ 376866 | $ 2885203 | |||||||||||||||
30 | 529 | 2022 | $ 2508337 | $ (47417) | $ 196874 | $ 2657794 | $ 376866 | $ 28450 | $ 32425 | $ (3243) | $ 434499 | $ 3092293 | |||||||||||||||
31 | 519 | 2023 | $ 2657794 | $ (51210) | $ 208527 | $ 2815111 | $ 434499 | $ 30726 | $ 37218 | $ (3722) | $ 498721 | $ 3313832 | |||||||||||||||
32 | 509 | 2024 | $ 2815111 | $ (55307) | $ 220784 | $ 2980589 | $ 498721 | $ 33184 | $ 42552 | $ (4255) | $ 570202 | $ 3550791 | |||||||||||||||
33 | 499 | 2025 | $ 2980589 | $ (59731) | $ 233669 | $ 3154526 | $ 570202 | $ 35839 | $ 48483 | $ (4848) | $ 649676 | $ 3804202 | |||||||||||||||
34 | 489 | 2026 | $ 3154526 | $ (64510) | $ 247201 | $ 3337217 | $ 649676 | $ 38706 | $ 55071 | $ (5507) | $ 737945 | $ 4075163 | |||||||||||||||
35 | 479 | 2027 | $ 3337217 | $ (69671) | $ 261404 | $ 3528951 | $ 737945 | $ 41802 | $ 62380 | $ (6238) | $ 835889 | $ 4364840 | |||||||||||||||
36 | 469 | 2028 | $ 3528951 | $ (75244) | $ 276297 | $ 3730003 | $ 835889 | $ 45146 | $ 70483 | $ (7048) | $ 944471 | $ 4674474 | |||||||||||||||
37 | 459 | 2029 | $ 3730003 | $ (81264) | $ 291899 | $ 3940639 | $ 944471 | $ 48758 | $ 79458 | $ (7946) | $ 1064741 | $ 5005380 | |||||||||||||||
38 | 449 | 2030 | $ 3940639 | $ (87765) | $ 308230 | $ 4161104 | $ 1064741 | $ 52659 | $ 89392 | $ (8939) | $ 1197853 | $ 5358957 | |||||||||||||||
39 | 439 | 2031 | $ 4161104 | $ (94786) | $ 325305 | $ 4391623 | $ 1197853 | $ 56872 | $ 100378 | $ (10038) | $ 1345065 | $ 5736688 | |||||||||||||||
40 | 429 | 2032 | $ 4391623 | $ (102369) | $ 343140 | $ 4632395 | $ 1345065 | $ 61421 | $ 112519 | $ (11252) | $ 1507753 | $ 6140148 | |||||||||||||||
41 | 419 | 2033 | $ 4632395 | $ (110558) | $ 361747 | $ 4883583 | $ 1507753 | $ 66335 | $ 125927 | $ (12593) | $ 1687422 | $ 6571005 | |||||||||||||||
42 | 409 | 2034 | $ 4883583 | $ (119403) | $ 381134 | $ 5145315 | $ 1687422 | $ 71642 | $ 140725 | $ (14073) | $ 1885717 | $ 7031031 | |||||||||||||||
43 | 399 | 2035 | $ 5145315 | $ (128955) | $ 401309 | $ 5417668 | $ 1885717 | $ 77373 | $ 157047 | $ (15705) | $ 2104432 | $ 7522100 | |||||||||||||||
44 | 389 | 2036 | $ 5417668 | $ (139272) | $ 422272 | $ 5700668 | $ 2104432 | $ 83563 | $ 175040 | $ (17504) | $ 2345531 | $ 8046199 | |||||||||||||||
45 | 379 | 2037 | $ 5700668 | $ (150413) | $ 444020 | $ 5994275 | $ 2345531 | $ 90248 | $ 194862 | $ (19486) | $ 2611155 | $ 8605430 | |||||||||||||||
46 | 369 | 2038 | $ 5994275 | $ (162446) | $ 466546 | $ 6298375 | $ 2611155 | $ 97468 | $ 216690 | $ (21669) | $ 2903644 | $ 9202019 | |||||||||||||||
47 | 359 | 2039 | $ 6298375 | $ (175442) | $ 489835 | $ 6612767 | $ 2903644 | $ 105265 | $ 240713 | $ (24071) | $ 3225551 | $ 9838318 | |||||||||||||||
48 | 349 | 2040 | $ 6612767 | $ (189478) | $ 513863 | $ 6937153 | $ 3225551 | $ 113687 | $ 267139 | $ (26714) | $ 3579662 | $ 10516815 | |||||||||||||||
49 | 339 | 2041 | $ 6937153 | $ (204636) | $ 538601 | $ 7271118 | $ 3579662 | $ 122781 | $ 296195 | $ (29620) | $ 3969020 | $ 11240138 | |||||||||||||||
50 | 329 | 2042 | $ 7271118 | $ (221007) | $ 564009 | $ 7614121 | $ 3969020 | $ 132604 | $ 328130 | $ (32813) | $ 4396941 | $ 12011061 | |||||||||||||||
51 | 319 | 2043 | $ 7614121 | $ (238687) | $ 590035 | $ 7965468 | $ 4396941 | $ 143212 | $ 363212 | $ (36321) | $ 4867044 | $ 12832512 | |||||||||||||||
52 | 309 | 2044 | $ 7965468 | $ (257782) | $ 616615 | $ 8324301 | $ 4867044 | $ 154669 | $ 401737 | $ (40174) | $ 5383277 | $ 13707578 | |||||||||||||||
53 | 299 | 2045 | $ 8324301 | $ (278405) | $ 643672 | $ 8689568 | $ 5383277 | $ 167043 | $ 444026 | $ (44403) | $ 5949942 | $ 14639510 | |||||||||||||||
54 | 289 | 2046 | $ 8689568 | $ (300677) | $ 671111 | $ 9060002 | $ 5949942 | $ 180406 | $ 490428 | $ (49043) | $ 6571734 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Oldest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
31 | 524 | 2008 | $ 1080000 | $ (20611) | $ 84751 | $ 1144140 | $ - 0 | $ 12366 | $ 989 | $ (99) | $ 13257 | $ 1157397 | |||||||||||||||
32 | 514 | 2009 | $ 1144140 | $ (22260) | $ 89750 | $ 1211631 | $ 13257 | $ 13356 | $ 2129 | $ (213) | $ 28529 | $ 1240160 | |||||||||||||||
33 | 504 | 2010 | $ 1211631 | $ (24040) | $ 95007 | $ 1282598 | $ 28529 | $ 14424 | $ 3436 | $ (344) | $ 46045 | $ 1328644 | |||||||||||||||
34 | 494 | 2011 | $ 1282598 | $ (25964) | $ 100531 | $ 1357166 | $ 46045 | $ 15578 | $ 4930 | $ (493) | $ 66060 | $ 1423226 | |||||||||||||||
35 | 484 | 2012 | $ 1357166 | $ (28041) | $ 106330 | $ 1435455 | $ 66060 | $ 16824 | $ 6631 | $ (663) | $ 88852 | $ 1524308 | |||||||||||||||
36 | 474 | 2013 | $ 1435455 | $ (30284) | $ 112414 | $ 1517585 | $ 88852 | $ 18170 | $ 8562 | $ (856) | $ 114728 | $ 1632313 | |||||||||||||||
37 | 464 | 2014 | $ 1517585 | $ (32707) | $ 118790 | $ 1603669 | $ 114728 | $ 19624 | $ 10748 | $ (1075) | $ 144026 | $ 1747694 | |||||||||||||||
38 | 454 | 2015 | $ 1603669 | $ (35323) | $ 125468 | $ 1693813 | $ 144026 | $ 21194 | $ 13218 | $ (1322) | $ 177115 | $ 1870929 | |||||||||||||||
39 | 444 | 2016 | $ 1693813 | $ (38149) | $ 132453 | $ 1788117 | $ 177115 | $ 22889 | $ 16000 | $ (1600) | $ 214405 | $ 2002522 | |||||||||||||||
40 | 434 | 2017 | $ 1788117 | $ (41201) | $ 139753 | $ 1886670 | $ 214405 | $ 24721 | $ 19130 | $ (1913) | $ 256343 | $ 2143012 | |||||||||||||||
41 | 424 | 2018 | $ 1886670 | $ (44497) | $ 147374 | $ 1989547 | $ 256343 | $ 26698 | $ 22643 | $ (2264) | $ 303420 | $ 2292966 | |||||||||||||||
42 | 414 | 2019 | $ 1989547 | $ (48057) | $ 155319 | $ 2096809 | $ 303420 | $ 28834 | $ 26580 | $ (2658) | $ 356176 | $ 2452985 | |||||||||||||||
43 | 404 | 2020 | $ 2096809 | $ (51901) | $ 163593 | $ 2208501 | $ 356176 | $ 31141 | $ 30985 | $ (3099) | $ 415204 | $ 2623704 | |||||||||||||||
44 | 394 | 2021 | $ 2208501 | $ (56053) | $ 172196 | $ 2324643 | $ 415204 | $ 33632 | $ 35907 | $ (3591) | $ 481152 | $ 2805795 | |||||||||||||||
45 | 384 | 2022 | $ 2324643 | $ (60538) | $ 181128 | $ 2445234 | $ 481152 | $ 36323 | $ 41398 | $ (4140) | $ 554732 | $ 2999966 | |||||||||||||||
46 | 374 | 2023 | $ 2445234 | $ (65381) | $ 190388 | $ 2570242 | $ 554732 | $ 39228 | $ 47517 | $ (4752) | $ 636726 | $ 3206968 | |||||||||||||||
47 | 364 | 2024 | $ 2570242 | $ (70611) | $ 199970 | $ 2699601 | $ 636726 | $ 42367 | $ 54327 | $ (5433) | $ 727987 | $ 3427588 | |||||||||||||||
48 | 354 | 2025 | $ 2699601 | $ (76260) | $ 209867 | $ 2833208 | $ 727987 | $ 45756 | $ 61899 | $ (6190) | $ 829453 | $ 3662661 | |||||||||||||||
49 | 344 | 2026 | $ 2833208 | $ (82361) | $ 220068 | $ 2970915 | $ 829453 | $ 49416 | $ 70310 | $ (7031) | $ 942148 | $ 3913063 | |||||||||||||||
50 | 334 | 2027 | $ 2970915 | $ (88950) | $ 230557 | $ 3112523 | $ 942148 | $ 53370 | $ 79641 | $ (7964) | $ 1067195 | $ 4179718 | |||||||||||||||
51 | 324 | 2028 | $ 3112523 | $ (96066) | $ 241317 | $ 3257774 | $ 1067195 | $ 57639 | $ 89987 | $ (8999) | $ 1205822 | $ 4463596 | |||||||||||||||
52 | 314 | 2029 | $ 3257774 | $ (103751) | $ 252322 | $ 3406345 | $ 1205822 | $ 62250 | $ 101446 | $ (10145) | $ 1359374 | $ 4765719 | |||||||||||||||
53 | 304 | 2030 | $ 3406345 | $ (112051) | $ 263544 | $ 3557838 | $ 1359374 | $ 67230 | $ 114128 | $ (11413) | $ 1529320 | $ 5087158 | |||||||||||||||
54 | 294 | 2031 | $ 3557838 | $ (121015) | $ 274946 | $ 3711769 | $ 1529320 | $ 72609 | $ 128154 | $ (12815) | $ 1717268 | $ 5429037 | |||||||||||||||
55 | 284 | 2032 | $ 3711769 | $ (130696) | $ 286486 | $ 3867559 | $ 1717268 | $ 78418 | $ 143655 | $ (14365) | $ 1924975 | $ 5792533 | |||||||||||||||
56 | 274 | 2033 | $ 3867559 | $ (141152) | $ 298113 | $ 4024520 | $ 1924975 | $ 84691 | $ 160773 | $ (16077) | $ 2154362 | $ 6178881 | |||||||||||||||
57 | 264 | 2034 | $ 4024520 | $ (152444) | $ 309766 | $ 4181842 | $ 2154362 | $ 91466 | $ 179666 | $ (17967) | $ 2407528 | $ 6589369 | |||||||||||||||
58 | 254 | 2035 | $ 4181842 | $ (164639) | $ 321376 | $ 4338578 | $ 2407528 | $ 98784 | $ 200505 | $ (20050) | $ 2686766 | $ 7025344 | |||||||||||||||
59 | 244 | 2036 | $ 4338578 | $ (177811) | $ 332861 | $ 4493629 | $ 2686766 | $ 106686 | $ 223476 | $ (22348) | $ 2994581 | $ 7488210 | |||||||||||||||
60 | 234 | 2037 | $ 4493629 | $ (192035) | $ 344128 | $ 4645721 | $ 2994581 | $ 115221 | $ 248784 | $ (24878) | $ 3333708 | $ 7979429 | |||||||||||||||
61 | 224 | 2038 | $ 4645721 | $ (207398) | $ 355066 | $ 4793389 | $ 3333708 | $ 124439 | $ 276652 | $ (27665) | $ 3707133 | $ 8500522 | |||||||||||||||
62 | 214 | 2039 | $ 4793389 | $ (223990) | $ 365552 | $ 4934951 | $ 3707133 | $ 134394 | $ 307322 | $ (30732) | $ 4118117 | $ 9053068 | |||||||||||||||
63 | 204 | 2040 | $ 4934951 | $ (241909) | $ 375443 | $ 5068485 | $ 4118117 | $ 145146 | $ 341061 | $ (34106) | $ 4570218 | $ 9638702 | |||||||||||||||
64 | 194 | 2041 | $ 5068485 | $ (261262) | $ 384578 | $ 5191800 | $ 4570218 | $ 156757 | $ 378158 | $ (37816) | $ 5067317 | $ 10259117 | |||||||||||||||
65 | 184 | 2042 | $ 5191800 | $ (282163) | $ 392771 | $ 5302408 | $ 5067317 | $ 169298 | $ 418929 | $ (41893) | $ 5613651 | $ 10916059 | |||||||||||||||
66 | 174 | 2043 | $ 5302408 | $ (304736) | $ 399814 | $ 5397486 | $ 5613651 | $ 182842 | $ 463719 | $ (46372) | $ 6213840 | $ 11611326 | |||||||||||||||
67 | 164 | 2044 | $ 5397486 | $ (329115) | $ 405470 | $ 5473841 | $ 6213840 | $ 197469 | $ 512905 | $ (51290) | $ 6872924 | $ 12346764 | |||||||||||||||
68 | 154 | 2045 | $ 5473841 | $ (355444) | $ 409472 | $ 5527868 | $ 6872924 | $ 213267 | $ 566895 | $ (56690) | $ 7596396 | $ 13124264 | |||||||||||||||
69 | 144 | 2046 | $ 5527868 | $ (383880) | $ 411519 | $ 5555507 | $ 7596396 | $ 230328 | $ 626138 | $ (62614) | $ 8390248 | $ 13945755 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | NA | 2012 | $ 1469328 | $ - 0 | $ 117546 | $ 1586874 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1586874 | ||||||||||||||||
66 | 36 | NA | 2013 | $ 1586874 | $ - 0 | $ 126950 | $ 1713824 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1713824 | ||||||||||||||||
37 | 465 | 2014 | $ 1713824 | $ (36856) | $ 134157 | $ 1811125 | $ - 0 | $ 22114 | $ 1769 | $ (177) | $ 23706 | $ 1834831 | |||||||||||||||||
38 | 455 | 2015 | $ 1811125 | $ (39805) | $ 141706 | $ 1913026 | $ 23706 | $ 23883 | $ 3807 | $ (381) | $ 51015 | $ 1964041 | |||||||||||||||||
39 | 445 | 2016 | $ 1913026 | $ (42989) | $ 149603 | $ 2019640 | $ 51015 | $ 25794 | $ 6145 | $ (614) | $ 82339 | $ 2101979 | |||||||||||||||||
40 | 435 | 2017 | $ 2019640 | $ (46428) | $ 157857 | $ 2131068 | $ 82339 | $ 27857 | $ 8816 | $ (882) | $ 118131 | $ 2249198 | |||||||||||||||||
41 | 425 | 2018 | $ 2131068 | $ (50143) | $ 166474 | $ 2247399 | $ 118131 | $ 30086 | $ 11857 | $ (1186) | $ 158888 | $ 2406287 | |||||||||||||||||
42 | 415 | 2019 | $ 2247399 | $ (54154) | $ 175460 | $ 2368705 | $ 158888 | $ 32493 | $ 15310 | $ (1531) | $ 205160 | $ 2573864 | |||||||||||||||||
43 | 405 | 2020 | $ 2368705 | $ (58487) | $ 184817 | $ 2495035 | $ 205160 | $ 35092 | $ 19220 | $ (1922) | $ 257550 | $ 2752585 | |||||||||||||||||
44 | 395 | 2021 | $ 2495035 | $ (63165) | $ 194550 | $ 2626420 | $ 257550 | $ 37899 | $ 23636 | $ (2364) | $ 316721 | $ 2943141 | |||||||||||||||||
45 | 385 | 2022 | $ 2626420 | $ (68219) | $ 204656 | $ 2762857 | $ 316721 | $ 40931 | $ 28612 | $ (2861) | $ 383403 | $ 3146260 | |||||||||||||||||
46 | 375 | 2023 | $ 2762857 | $ (73676) | $ 215134 | $ 2904315 | $ 383403 | $ 44206 | $ 34209 | $ (3421) | $ 458397 | $ 3362712 | |||||||||||||||||
47 | 365 | 2024 | $ 2904315 | $ (79570) | $ 225980 | $ 3050725 | $ 458397 | $ 47742 | $ 40491 | $ (4049) | $ 542581 | $ 3593306 | |||||||||||||||||
48 | 355 | 2025 | $ 3050725 | $ (85936) | $ 237183 | $ 3201972 | $ 542581 | $ 51562 | $ 47531 | $ (4753) | $ 636921 | $ 3838893 | |||||||||||||||||
49 | 345 | 2026 | $ 3201972 | $ (92811) | $ 248733 | $ 3357894 | $ 636921 | $ 55686 | $ 55409 | $ (5541) | $ 742475 | $ 4100369 | |||||||||||||||||
50 | 335 | 2027 | $ 3357894 | $ (100236) | $ 260613 | $ 3518271 | $ 742475 | $ 60141 | $ 64209 | $ (6421) | $ 860405 | $ 4378676 | |||||||||||||||||
51 | 325 | 2028 | $ 3518271 | $ (108254) | $ 272801 | $ 3682818 | $ 860405 | $ 64953 | $ 74029 | $ (7403) | $ 991984 | $ 4674801 | |||||||||||||||||
52 | 315 | 2029 | $ 3682818 | $ (116915) | $ 285272 | $ 3851175 | $ 991984 | $ 70149 | $ 84971 | $ (8497) | $ 1138606 | $ 4989781 | |||||||||||||||||
53 | 305 | 2030 | $ 3851175 | $ (126268) | $ 297993 | $ 4022900 | $ 1138606 | $ 75761 | $ 97149 | $ (9715) | $ 1301801 | $ 5324701 | |||||||||||||||||
54 | 295 | 2031 | $ 4022900 | $ (136369) | $ 310922 | $ 4197453 | $ 1301801 | $ 81822 | $ 110690 | $ (11069) | $ 1483244 | $ 5680696 | |||||||||||||||||
55 | 285 | 2032 | $ 4197453 | $ (147279) | $ 324014 | $ 4374187 | $ 1483244 | $ 88367 | $ 125729 | $ (12573) | $ 1684767 | $ 6058955 | |||||||||||||||||
56 | 275 | 2033 | $ 4374187 | $ (159061) | $ 337210 | $ 4552336 | $ 1684767 | $ 95437 | $ 142416 | $ (14242) | $ 1908379 | $ 6460715 | |||||||||||||||||
57 | 265 | 2034 | $ 4552336 | $ (171786) | $ 350444 | $ 4730994 | $ 1908379 | $ 103072 | $ 160916 | $ (16092) | $ 2156275 | $ 6887269 | |||||||||||||||||
58 | 255 | 2035 | $ 4730994 | $ (185529) | $ 363637 | $ 4909102 | $ 2156275 | $ 111318 | $ 181407 | $ (18141) | $ 2430859 | $ 7339961 | |||||||||||||||||
59 | 245 | 2036 | $ 4909102 | $ (200372) | $ 376698 | $ 5085429 | $ 2430859 | $ 120223 | $ 204087 | $ (20409) | $ 2734760 | $ 7820189 | |||||||||||||||||
60 | 235 | 2037 | $ 5085429 | $ (216401) | $ 389522 | $ 5258550 | $ 2734760 | $ 129841 | $ 229168 | $ (22917) | $ 3070852 | $ 8329402 | |||||||||||||||||
61 | 225 | 2038 | $ 5258550 | $ (233713) | $ 401987 | $ 5426823 | $ 3070852 | $ 140228 | $ 256886 | $ (25689) | $ 3442278 | $ 8869101 | |||||||||||||||||
62 | 215 | 2039 | $ 5426823 | $ (252410) | $ 413953 | $ 5588366 | $ 3442278 | $ 151446 | $ 287498 | $ (28750) | $ 3852472 | $ 9440838 | |||||||||||||||||
63 | 205 | 2040 | $ 5588366 | $ (272603) | $ 425261 | $ 5741024 | $ 3852472 | $ 163562 | $ 321283 | $ (32128) | $ 4305188 | $ 10046212 | |||||||||||||||||
64 | 195 | 2041 | $ 5741024 | $ (294411) | $ 435729 | $ 5882341 | $ 4305188 | $ 176647 | $ 358547 | $ (35855) | $ 4804527 | $ 10686869 | |||||||||||||||||
65 | 185 | 2042 | $ 5882341 | $ (317964) | $ 445150 | $ 6009527 | $ 4804527 | $ 190779 | $ 399624 | $ (39962) | $ 5354968 | $ 11364495 | |||||||||||||||||
66 | 175 | 2043 | $ 6009527 | $ (343402) | $ 453290 | $ 6119416 | $ 5354968 | $ 206041 | $ 444881 | $ (44488) | $ 5961401 | $ 12080817 | |||||||||||||||||
67 | 165 | 2044 | $ 6119416 | $ (370874) | $ 459883 | $ 6208425 | $ 5961401 | $ 222524 | $ 494714 | $ (49471) | $ 6629168 | $ 12837594 | |||||||||||||||||
68 | 155 | 2045 | $ 6208425 | $ (400544) | $ 464631 | $ 6272512 | $ 6629168 | $ 240326 | $ 549560 | $ (54956) | $ 7364098 | $ 13636610 | |||||||||||||||||
69 | 145 | 2046 | $ 6272512 | $ (432587) | $ 467194 | $ 6307119 | $ 7364098 | $ 259552 | $ 609892 | $ (60989) | $ 8172553 | $ 14479672 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (No Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | 210 | 2012 | $ 1469328 | $ (69968) | $ 111949 | $ 1511309 | $ - 0 | $ 41981 | $ 3358 | $ (336) | $ 45003 | $ 1556312 | ||||||||||||||||
66 | 36 | 202 | 2013 | $ 1511309 | $ (74817) | $ 114919 | $ 1551411 | $ 45003 | $ 44890 | $ 7192 | $ (719) | $ 96366 | $ 1647777 | ||||||||||||||||
37 | 192 | 2014 | $ 1551411 | $ (80803) | $ 117649 | $ 1588257 | $ 96366 | $ 48482 | $ 11588 | $ (1159) | $ 155277 | $ 1743534 | |||||||||||||||||
38 | 182 | 2015 | $ 1588257 | $ (87267) | $ 120079 | $ 1621069 | $ 155277 | $ 52360 | $ 16611 | $ (1661) | $ 222587 | $ 1843656 | |||||||||||||||||
39 | 172 | 2016 | $ 1621069 | $ (94248) | $ 122146 | $ 1648967 | $ 222587 | $ 56549 | $ 22331 | $ (2233) | $ 299233 | $ 1948200 | |||||||||||||||||
40 | 162 | 2017 | $ 1648967 | $ (101788) | $ 123774 | $ 1670953 | $ 299233 | $ 61073 | $ 28825 | $ (2882) | $ 386248 | $ 2057201 | |||||||||||||||||
41 | 152 | 2018 | $ 1670953 | $ (109931) | $ 124882 | $ 1685904 | $ 386248 | $ 65959 | $ 36177 | $ (3618) | $ 484766 | $ 2170670 | |||||||||||||||||
42 | 142 | 2019 | $ 1685904 | $ (118726) | $ 125374 | $ 1692552 | $ 484766 | $ 71235 | $ 44480 | $ (4448) | $ 596033 | $ 2288586 | |||||||||||||||||
43 | 132 | 2020 | $ 1692552 | $ (128224) | $ 125146 | $ 1689475 | $ 596033 | $ 76934 | $ 53837 | $ (5384) | $ 721421 | $ 2410896 | |||||||||||||||||
44 | 122 | 2021 | $ 1689475 | $ (138482) | $ 124079 | $ 1675073 | $ 721421 | $ 83089 | $ 64361 | $ (6436) | $ 862435 | $ 2537508 | |||||||||||||||||
45 | 112 | 2022 | $ 1675073 | $ (149560) | $ 122041 | $ 1647554 | $ 862435 | $ 89736 | $ 76174 | $ (7617) | $ 1020727 | $ 2668281 | |||||||||||||||||
46 | 102 | 2023 | $ 1647554 | $ (161525) | $ 118882 | $ 1604911 | $ 1020727 | $ 96915 | $ 89411 | $ (8941) | $ 1198112 | $ 2803024 | |||||||||||||||||
47 | 92 | 2024 | $ 1604911 | $ (174447) | $ 114437 | $ 1544901 | $ 1198112 | $ 104668 | $ 104222 | $ (10422) | $ 1396581 | $ 2941482 | |||||||||||||||||
48 | 82 | 2025 | $ 1544901 | $ (188403) | $ 108520 | $ 1465019 | $ 1396581 | $ 113042 | $ 120770 | $ (12077) | $ 1618315 | $ 3083334 | |||||||||||||||||
49 | 72 | 2026 | $ 1465019 | $ (203475) | $ 100924 | $ 1362467 | $ 1618315 | $ 122085 | $ 139232 | $ (13923) | $ 1865709 | $ 3228176 | |||||||||||||||||
50 | 62 | 2027 | $ 1362467 | $ (219753) | $ 91417 | $ 1234132 | $ 1865709 | $ 131852 | $ 159805 | $ (15980) | $ 2141385 | $ 3375517 | |||||||||||||||||
51 | 52 | 2028 | $ 1234132 | $ (237333) | $ 79744 | $ 1076543 | $ 2141385 | $ 142400 | $ 182703 | $ (18270) | $ 2448217 | $ 3524760 | |||||||||||||||||
52 | 42 | 2029 | $ 1076543 | $ (256320) | $ 65618 | $ 885841 | $ 2448217 | $ 153792 | $ 208161 | $ (20816) | $ 2789354 | $ 3675194 | |||||||||||||||||
53 | 32 | 2030 | $ 885841 | $ (276825) | $ 48721 | $ 657737 | $ 2789354 | $ 166095 | $ 236436 | $ (23644) | $ 3168241 | $ 3825978 | |||||||||||||||||
54 | 22 | 2031 | $ 657737 | $ (298971) | $ 28701 | $ 387467 | $ 3168241 | $ 179383 | $ 267810 | $ (26781) | $ 3588653 | $ 3976119 | |||||||||||||||||
55 | 12 | 2032 | $ 387467 | $ (322889) | $ 5166 | $ 69744 | $ 3588653 | $ 193733 | $ 302591 | $ (30259) | $ 4054718 | $ 4124462 | |||||||||||||||||
56 | 10 | 2033 | $ 69744 | $ (69744) | $ - 0 | $ - 0 | $ 4054718 | $ 41846 | $ 327725 | $ (32773) | $ 4391517 | $ 4391517 | |||||||||||||||||
57 | 10 | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4391517 | $ - 0 | $ 351321 | $ (35132) | $ 4707706 | $ 4707706 | |||||||||||||||||
58 | 10 | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4707706 | $ - 0 | $ 376616 | $ (37662) | $ 5046661 | $ 5046661 | |||||||||||||||||
59 | 10 | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5046661 | $ - 0 | $ 403733 | $ (40373) | $ 5410021 | $ 5410021 | |||||||||||||||||
60 | 10 | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5410021 | $ - 0 | $ 432802 | $ (43280) | $ 5799542 | $ 5799542 | |||||||||||||||||
61 | 10 | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5799542 | $ - 0 | $ 463963 | $ (46396) | $ 6217109 | $ 6217109 | |||||||||||||||||
62 | 10 | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6217109 | $ - 0 | $ 497369 | $ (49737) | $ 6664741 | $ 6664741 | |||||||||||||||||
63 | 10 | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6664741 | $ - 0 | $ 533179 | $ (53318) | $ 7144602 | $ 7144602 | |||||||||||||||||
64 | 10 | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7144602 | $ - 0 | $ 571568 | $ (57157) | $ 7659014 | $ 7659014 | |||||||||||||||||
65 | 10 | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7659014 | $ - 0 | $ 612721 | $ (61272) | $ 8210463 | $ 8210463 | |||||||||||||||||
66 | 10 | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8210463 | $ - 0 | $ 656837 | $ (65684) | $ 8801616 | $ 8801616 | |||||||||||||||||
67 | 10 | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8801616 | $ - 0 | $ 704129 | $ (70413) | $ 9435332 | $ 9435332 | |||||||||||||||||
68 | 10 | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9435332 | $ - 0 | $ 754827 | $ (75483) | $ 10114676 | $ 10114676 | |||||||||||||||||
69 | 10 | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 10114676 | $ - 0 | $ 809174 | $ (80917) | $ 10842933 | $ 10842933 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||
NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||
NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||
NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||
NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||
NA | 2012 | $ 1469328 | $ (1469328) | $ - 0 | $ - 0 | $ - 0 | $ 881597 | $ 70528 | $ (7053) | $ 945072 | $ 945072 | ||||||||||||||
NA | 2013 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 945072 | $ - 0 | $ 75606 | $ (7561) | $ 1013117 | $ 1013117 | ||||||||||||||
NA | 2014 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1013117 | $ - 0 | $ 81049 | $ (8105) | $ 1086061 | $ 1086061 | ||||||||||||||
NA | 2015 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1086061 | $ - 0 | $ 86885 | $ (8688) | $ 1164258 | $ 1164258 | ||||||||||||||
NA | 2016 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1164258 | $ - 0 | $ 93141 | $ (9314) | $ 1248084 | $ 1248084 | ||||||||||||||
NA | 2017 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1248084 | $ - 0 | $ 99847 | $ (9985) | $ 1337946 | $ 1337946 | ||||||||||||||
NA | 2018 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1337946 | $ - 0 | $ 107036 | $ (10704) | $ 1434279 | $ 1434279 | ||||||||||||||
NA | 2019 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1434279 | $ - 0 | $ 114742 | $ (11474) | $ 1537547 | $ 1537547 | ||||||||||||||
NA | 2020 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1537547 | $ - 0 | $ 123004 | $ (12300) | $ 1648250 | $ 1648250 | ||||||||||||||
NA | 2021 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1648250 | $ - 0 | $ 131860 | $ (13186) | $ 1766924 | $ 1766924 | ||||||||||||||
NA | 2022 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1766924 | $ - 0 | $ 141354 | $ (14135) | $ 1894143 | $ 1894143 | ||||||||||||||
NA | 2023 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1894143 | $ - 0 | $ 151531 | $ (15153) | $ 2030521 | $ 2030521 | ||||||||||||||
NA | 2024 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2030521 | $ - 0 | $ 162442 | $ (16244) | $ 2176718 | $ 2176718 | ||||||||||||||
NA | 2025 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2176718 | $ - 0 | $ 174137 | $ (17414) | $ 2333442 | $ 2333442 | ||||||||||||||
NA | 2026 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2333442 | $ - 0 | $ 186675 | $ (18668) | $ 2501450 | $ 2501450 | ||||||||||||||
NA | 2027 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2501450 | $ - 0 | $ 200116 | $ (20012) | $ 2681554 | $ 2681554 | ||||||||||||||
NA | 2028 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2681554 | $ - 0 | $ 214524 | $ (21452) | $ 2874626 | $ 2874626 | ||||||||||||||
NA | 2029 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2874626 | $ - 0 | $ 229970 | $ (22997) | $ 3081599 | $ 3081599 | ||||||||||||||
NA | 2030 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3081599 | $ - 0 | $ 246528 | $ (24653) | $ 3303474 | $ 3303474 | ||||||||||||||
NA | 2031 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3303474 | $ - 0 | $ 264278 | $ (26428) | $ 3541325 | $ 3541325 | ||||||||||||||
NA | 2032 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3541325 | $ - 0 | $ 283306 | $ (28331) | $ 3796300 | $ 3796300 | ||||||||||||||
NA | 2033 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3796300 | $ - 0 | $ 303704 | $ (30370) | $ 4069634 | $ 4069634 | ||||||||||||||
NA | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4069634 | $ - 0 | $ 325571 | $ (32557) | $ 4362647 | $ 4362647 | ||||||||||||||
NA | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4362647 | $ - 0 | $ 349012 | $ (34901) | $ 4676758 | $ 4676758 | ||||||||||||||
NA | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4676758 | $ - 0 | $ 374141 | $ (37414) | $ 5013484 | $ 5013484 | ||||||||||||||
NA | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5013484 | $ - 0 | $ 401079 | $ (40108) | $ 5374455 | $ 5374455 | ||||||||||||||
NA | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5374455 | $ - 0 | $ 429956 | $ (42996) | $ 5761416 | $ 5761416 | ||||||||||||||
NA | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5761416 | $ - 0 | $ 460913 | $ (46091) | $ 6176238 | $ 6176238 | ||||||||||||||
NA | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6176238 | $ - 0 | $ 494099 | $ (49410) | $ 6620927 | $ 6620927 | ||||||||||||||
NA | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6620927 | $ - 0 | $ 529674 | $ (52967) | $ 7097634 | $ 7097634 | ||||||||||||||
NA | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7097634 | $ - 0 | $ 567811 | $ (56781) | $ 7608663 | $ 7608663 | ||||||||||||||
NA | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7608663 | $ - 0 | $ 608693 | $ (60869) | $ 8156487 | $ 8156487 | ||||||||||||||
NA | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8156487 | $ - 0 | $ 652519 | $ (65252) | $ 8743754 | $ 8743754 | ||||||||||||||
NA | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8743754 | $ - 0 | $ 699500 | $ (69950) | $ 9373305 | $ 9373305 | ||||||||||||||
NA | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9373305 | $ - 0 | $ 749864 | $ (74986) | $ 10048183 | $ 10048183 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
Immediate Distribution | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ (1000000) | $ - 0 | $ - 0 | $ - 0 | $ 600000 | $ 48000 | $ (4800) | $ 643200 | $ 643200 | |||||||||||||
NA | 2008 | $ 643200 | $ - 0 | $ 51456 | $ (5146) | $ 689510 | $ 689510 | ||||||||||||||||||
NA | 2009 | $ 689510 | $ - 0 | $ 55161 | $ (5516) | $ 739155 | $ 739155 | ||||||||||||||||||
NA | 2010 | $ 739155 | $ - 0 | $ 59132 | $ (5913) | $ 792374 | $ 792374 | ||||||||||||||||||
NA | 2011 | $ 792374 | $ - 0 | $ 63390 | $ (6339) | $ 849425 | $ 849425 | ||||||||||||||||||
NA | 2012 | $ 849425 | $ - 0 | $ 67954 | $ (6795) | $ 910584 | $ 910584 | ||||||||||||||||||
NA | 2013 | $ 910584 | $ - 0 | $ 72847 | $ (7285) | $ 976146 | $ 976146 | ||||||||||||||||||
NA | 2014 | $ 976146 | $ - 0 | $ 78092 | $ (7809) | $ 1046428 | $ 1046428 | ||||||||||||||||||
NA | 2015 | $ 1046428 | $ - 0 | $ 83714 | $ (8371) | $ 1121771 | $ 1121771 | ||||||||||||||||||
NA | 2016 | $ 1121771 | $ - 0 | $ 89742 | $ (8974) | $ 1202539 | $ 1202539 | ||||||||||||||||||
NA | 2017 | $ 1202539 | $ - 0 | $ 96203 | $ (9620) | $ 1289122 | $ 1289122 | ||||||||||||||||||
NA | 2018 | $ 1289122 | $ - 0 | $ 103130 | $ (10313) | $ 1381938 | $ 1381938 | ||||||||||||||||||
NA | 2019 | $ 1381938 | $ - 0 | $ 110555 | $ (11056) | $ 1481438 | $ 1481438 | ||||||||||||||||||
NA | 2020 | $ 1481438 | $ - 0 | $ 118515 | $ (11852) | $ 1588101 | $ 1588101 | ||||||||||||||||||
NA | 2021 | $ 1588101 | $ - 0 | $ 127048 | $ (12705) | $ 1702445 | $ 1702445 | ||||||||||||||||||
NA | 2022 | $ 1702445 | $ - 0 | $ 136196 | $ (13620) | $ 1825021 | $ 1825021 | ||||||||||||||||||
NA | 2023 | $ 1825021 | $ - 0 | $ 146002 | $ (14600) | $ 1956422 | $ 1956422 | ||||||||||||||||||
NA | 2024 | $ 1956422 | $ - 0 | $ 156514 | $ (15651) | $ 2097285 | $ 2097285 | ||||||||||||||||||
NA | 2025 | $ 2097285 | $ - 0 | $ 167783 | $ (16778) | $ 2248289 | $ 2248289 | ||||||||||||||||||
NA | 2026 | $ 2248289 | $ - 0 | $ 179863 | $ (17986) | $ 2410166 | $ 2410166 | ||||||||||||||||||
NA | 2027 | $ 2410166 | $ - 0 | $ 192813 | $ (19281) | $ 2583698 | $ 2583698 | ||||||||||||||||||
NA | 2028 | $ 2583698 | $ - 0 | $ 206696 | $ (20670) | $ 2769724 | $ 2769724 | ||||||||||||||||||
NA | 2029 | $ 2769724 | $ - 0 | $ 221578 | $ (22158) | $ 2969144 | $ 2969144 | ||||||||||||||||||
NA | 2030 | $ 2969144 | $ - 0 | $ 237532 | $ (23753) | $ 3182923 | $ 3182923 | ||||||||||||||||||
NA | 2031 | $ 3182923 | $ - 0 | $ 254634 | $ (25463) | $ 3412093 | $ 3412093 | ||||||||||||||||||
NA | 2032 | $ 3412093 | $ - 0 | $ 272967 | $ (27297) | $ 3657764 | $ 3657764 | ||||||||||||||||||
NA | 2033 | $ 3657764 | $ - 0 | $ 292621 | $ (29262) | $ 3921123 | $ 3921123 | ||||||||||||||||||
NA | 2034 | $ 3921123 | $ - 0 | $ 313690 | $ (31369) | $ 4203444 | $ 4203444 | ||||||||||||||||||
NA | 2035 | $ 4203444 | $ - 0 | $ 336276 | $ (33628) | $ 4506092 | $ 4506092 | ||||||||||||||||||
NA | 2036 | $ 4506092 | $ - 0 | $ 360487 | $ (36049) | $ 4830530 | $ 4830530 | ||||||||||||||||||
NA | 2037 | $ 4830530 | $ - 0 | $ 386442 | $ (38644) | $ 5178328 | $ 5178328 | ||||||||||||||||||
NA | 2038 | $ 5178328 | $ - 0 | $ 414266 | $ (41427) | $ 5551168 | $ 5551168 | ||||||||||||||||||
NA | 2039 | $ 5551168 | $ - 0 | $ 444093 | $ (44409) | $ 5950852 | $ 5950852 | ||||||||||||||||||
NA | 2040 | $ 5950852 | $ - 0 | $ 476068 | $ (47607) | $ 6379314 | $ 6379314 | ||||||||||||||||||
NA | 2041 | $ 6379314 | $ - 0 | $ 510345 | $ (51035) | $ 6838624 | $ 6838624 | ||||||||||||||||||
NA | 2042 | $ 6838624 | $ - 0 | $ 547090 | $ (54709) | $ 7331005 | $ 7331005 | ||||||||||||||||||
NA | 2043 | $ 7331005 | $ - 0 | $ 586480 | $ (58648) | $ 7858837 | $ 7858837 | ||||||||||||||||||
NA | 2044 | $ 7858837 | $ - 0 | $ 628707 | $ (62871) | $ 8424674 | $ 8424674 | ||||||||||||||||||
NA | 2045 | $ 8424674 | $ - 0 | $ 673974 | $ (67397) | $ 9031250 | $ 9031250 | ||||||||||||||||||
NA | 2046 | $ 9031250 | $ - 0 | $ 722500 | $ (72250) | $ 9681500 | $ 9681500 |
Year 30 | Year 30 | Year 30 | Year 30 | Year 30 | Year 30 |
Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | ||||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 | |||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 |
O amp S Client | |||||||||||||
Inherited IRA Analysis | |||||||||||||
IRA Transfer to Family Summary | |||||||||||||
Year | Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | |||||||
2007 | $ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | |||||||
2008 | $ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | |||||||
2009 | $ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | |||||||
2010 | $ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | |||||||
2011 | $ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | |||||||
2012 | $ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | |||||||
2013 | $ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | |||||||
2014 | $ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | |||||||
2015 | $ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | |||||||
2016 | $ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | |||||||
2017 | $ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | |||||||
2018 | $ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | |||||||
2019 | $ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | |||||||
2020 | $ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | |||||||
2021 | $ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | |||||||
2022 | $ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | |||||||
2023 | $ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | |||||||
2024 | $ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | |||||||
2025 | $ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | |||||||
2026 | $ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | |||||||
2027 | $ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | |||||||
2028 | $ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | |||||||
2029 | $ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | |||||||
2030 | $ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | |||||||
2031 | $ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | |||||||
2032 | $ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | |||||||
2033 | $ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | |||||||
2034 | $ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | |||||||
2035 | $ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | |||||||
2036 | $ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | |||||||
2037 | $ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | |||||||
2038 | $ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | |||||||
2039 | $ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | |||||||
2040 | $ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | |||||||
2041 | $ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | |||||||
2042 | $ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | |||||||
2043 | $ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | |||||||
2044 | $ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | |||||||
2045 | $ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | |||||||
2046 | $ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||
Assumptions | |||||||||||||||||||||||
First Year of Analysis Year of Death | 2007 | ||||||||||||||||||||||
Five-Year Distribution | 0 | ||||||||||||||||||||||
(0=Lump-Sum at End of Five-Year Period 1=Amortize) | |||||||||||||||||||||||
Owner | 65 | ||||||||||||||||||||||
Ss Age | 60 | Single Life Table | Uniform Table | Factor | |||||||||||||||||||
Cs Age | 30 | 0 | 824 | 70 | 274 | NA | |||||||||||||||||
GCs Age | 15 | 1 | 816 | 71 | 265 | NA | |||||||||||||||||
2 | 806 | 72 | 256 | 533 | |||||||||||||||||||
Total IRA Account Balance | $1000000 | 3 | 797 | 73 | 247 | 679 | |||||||||||||||||
Outside Assets Balance | $0 | 4 | 787 | 74 | 238 | ||||||||||||||||||
5 | 777 | 75 | 229 | ||||||||||||||||||||
Growth Rate | 800 | 6 | 767 | 76 | 220 | ||||||||||||||||||
Turnover on Growth | 5000 | 7 | 758 | 77 | 212 | ||||||||||||||||||
8 | 748 | 78 | 203 | ||||||||||||||||||||
Federal Income Tax Rate | 3500 | 9 | 738 | 79 | 195 | ||||||||||||||||||
State Income Tax Rate | 500 | 10 | 728 | 80 | 187 | ||||||||||||||||||
Effective Income Tax Rate | 4000 | 11 | 718 | 81 | 179 | ||||||||||||||||||
12 | 708 | 82 | 171 | ||||||||||||||||||||
Federal Capital Gains Tax Rate | 1500 | 13 | 699 | 83 | 163 | ||||||||||||||||||
State Capital Gains Tax Rate | 500 | 14 | 689 | 84 | 155 | ||||||||||||||||||
Effective Capital Gains Tax Rate | 2000 | 15 | 679 | 85 | 148 | ||||||||||||||||||
16 | 669 | 86 | 141 | ||||||||||||||||||||
17 | 660 | 87 | 134 | ||||||||||||||||||||
18 | 650 | 88 | 127 | ||||||||||||||||||||
19 | 640 | 89 | 120 | ||||||||||||||||||||
20 | 630 | 90 | 114 | ||||||||||||||||||||
21 | 621 | 91 | 108 | ||||||||||||||||||||
22 | 611 | 92 | 102 | ||||||||||||||||||||
23 | 601 | 93 | 96 | ||||||||||||||||||||
24 | 591 | 94 | 91 | ||||||||||||||||||||
25 | 582 | 95 | 86 | ||||||||||||||||||||
26 | 572 | 96 | 81 | ||||||||||||||||||||
27 | 562 | 97 | 76 | ||||||||||||||||||||
28 | 553 | 98 | 71 | ||||||||||||||||||||
29 | 543 | 99 | 67 | ||||||||||||||||||||
30 | 533 | 100 | 63 | ||||||||||||||||||||
31 | 524 | 101 | 59 | ||||||||||||||||||||
32 | 514 | 102 | 55 | ||||||||||||||||||||
33 | 504 | 103 | 52 | ||||||||||||||||||||
34 | 494 | 104 | 49 | ||||||||||||||||||||
35 | 485 | 105 | 45 | ||||||||||||||||||||
36 | 475 | 106 | 42 | ||||||||||||||||||||
37 | 465 | 107 | 39 | ||||||||||||||||||||
38 | 456 | 108 | 37 | ||||||||||||||||||||
39 | 446 | 109 | 34 | ||||||||||||||||||||
40 | 436 | 110 | 31 | ||||||||||||||||||||
41 | 427 | 111 | 29 | ||||||||||||||||||||
42 | 417 | 112 | 26 | ||||||||||||||||||||
43 | 407 | 113 | 24 | ||||||||||||||||||||
44 | 398 | 114 | 21 | ||||||||||||||||||||
45 | 388 | 115 | 19 | ||||||||||||||||||||
46 | 379 | ||||||||||||||||||||||
47 | 370 | ||||||||||||||||||||||
48 | 360 | ||||||||||||||||||||||
49 | 351 | ||||||||||||||||||||||
50 | 342 | ||||||||||||||||||||||
51 | 333 | ||||||||||||||||||||||
52 | 323 | ||||||||||||||||||||||
53 | 314 | ||||||||||||||||||||||
54 | 305 | ||||||||||||||||||||||
55 | 296 | ||||||||||||||||||||||
56 | 287 | ||||||||||||||||||||||
57 | 279 | ||||||||||||||||||||||
58 | 270 | ||||||||||||||||||||||
59 | 261 | ||||||||||||||||||||||
60 | 252 | ||||||||||||||||||||||
61 | 244 | ||||||||||||||||||||||
62 | 235 | ||||||||||||||||||||||
63 | 227 | ||||||||||||||||||||||
64 | 218 | ||||||||||||||||||||||
65 | 210 | ||||||||||||||||||||||
66 | 202 | ||||||||||||||||||||||
67 | 194 | ||||||||||||||||||||||
68 | 186 | ||||||||||||||||||||||
69 | 178 | ||||||||||||||||||||||
70 | 170 | ||||||||||||||||||||||
71 | 163 | ||||||||||||||||||||||
72 | 155 | ||||||||||||||||||||||
73 | 148 | ||||||||||||||||||||||
74 | 141 | ||||||||||||||||||||||
75 | 134 | ||||||||||||||||||||||
76 | 127 | ||||||||||||||||||||||
77 | 121 | ||||||||||||||||||||||
78 | 114 | ||||||||||||||||||||||
79 | 108 | ||||||||||||||||||||||
80 | 102 | ||||||||||||||||||||||
81 | 97 | ||||||||||||||||||||||
82 | 91 | ||||||||||||||||||||||
83 | 86 | ||||||||||||||||||||||
84 | 81 | ||||||||||||||||||||||
85 | 76 | ||||||||||||||||||||||
86 | 71 | ||||||||||||||||||||||
87 | 67 | ||||||||||||||||||||||
88 | 63 | ||||||||||||||||||||||
89 | 59 | ||||||||||||||||||||||
90 | 55 | ||||||||||||||||||||||
91 | 52 | ||||||||||||||||||||||
92 | 49 | ||||||||||||||||||||||
93 | 46 | ||||||||||||||||||||||
94 | 43 | ||||||||||||||||||||||
95 | 41 | ||||||||||||||||||||||
96 | 38 | ||||||||||||||||||||||
97 | 36 | ||||||||||||||||||||||
98 | 34 | ||||||||||||||||||||||
99 | 31 | ||||||||||||||||||||||
100 | 29 | ||||||||||||||||||||||
101 | 27 | ||||||||||||||||||||||
102 | 25 | ||||||||||||||||||||||
103 | 23 | ||||||||||||||||||||||
104 | 21 | ||||||||||||||||||||||
105 | 19 | ||||||||||||||||||||||
106 | 17 | ||||||||||||||||||||||
107 | 15 | ||||||||||||||||||||||
108 | 14 | ||||||||||||||||||||||
109 | 12 | ||||||||||||||||||||||
110 | 11 | ||||||||||||||||||||||
111 | 10 |
O amp S Client | |
Inherited IRA Analysis | |
Overview | |
The Inherited IRA Analysis is a comprehensive income tax analysis designed to show the additional wealth that can be | |
transferred through deferral In particular this analysis looks at six of the most common scenarios which affect IRA | |
owners These scenarios can be summarized as follows | |
Immediate Distribution | |
In this scenario it is assumed the IRA is liquidated in the year of death with the after-tax proceeds being re-invested | |
in a taxable non-qualified account This scenario is analogous to qualified retirement plan situations whereby the | |
beneficiary is required under the provisions of the qualified retirement plan to take the entire balance out as one | |
lump-sum | |
IRA Payable to Non-Qualified Designated Beneficiary | |
This scenario assumes that the IRA is payable to a non-qualified beneficiary (eg estate non-qualified trust etc) | |
To the extent that the decedent-IRA owner is less than age 70frac12 at the time of death the IRA must be fully | |
distributed by December 31st of the year containing the fifth anniversary of the IRA owners death To the extent that | |
the decedent-IRA owner is 70frac12 or older at the time of death the IRA is payable over the decedent-IRA owners ghost | |
life expectancy In this case the factor used in the first year is determined by reference to the Single Life Table using | |
the age of the decedent-IRA owner in the year of death This factor is then reduced by one every year thereafter | |
IRA Payable to Surviving Spouse (No Spousal Rollover) | |
In this scenario it is assumed that the decedent-IRA owners surviving spouse inherits the IRA but chooses to keep | |
the IRA in the decedent-IRA owners name To the extent that the surviving spouse is younger than the decedent-IRA | |
owner it is assumed that the surviving spouses age is used to determine the annual IRA distributions In this case the | |
factor used to determine the surviving spouses annual IRA distribution is by reference to the Single Life Table This | |
process is then repeated each year until the surviving spouse passes away On the other hand if the decedent-IRA | |
owner is younger than the surviving spouse it is assumed that decedent-IRA owners life expectancy is used to | |
determine the annual IRA distributions In this situation the factor used to determine the annual IRA distribution is | |
determined in the first year by reference to the Single Life Table using the decedent-IRA owners age in the year of death | |
Every year thereafter this factor is reduced by one Furthermore regardless of which method that is used it is assumed | |
that the first distribution will not take place until the decedent-IRA owner would have reached age 70frac12 (in the case where | |
the decedent-IRA owner was under age 70frac12 at the time of death) | |
IRA Payable to Surviving Spouse (Spousal Rollover) | |
This particular scenario assumes that instead of keeping the IRA in the name of the decedent-IRA owner (see description | |
above) the surviving spouse rolls over the decedent-IRA owners IRA into her own IRA In this case the surviving spouse | |
may defer taking withdrawals from the IRA until she turns age 70frac12 Once the surviving spouse turns age 70frac12 the | |
annual IRA distribution is determined by reference to the Uniform Lifetime Table using the surviving spouses age each | |
distribution year | |
IRA Payable to Oldest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death | |
IRA Payable to Youngest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death |
NOTE DO NOT PRINT THIS PAGE | |||||||||||||||||||||||
Singular | Possesive | Current Age | Assumed Age Death | ||||||||||||||||||||
IRA Owners First Name | O | Os | 59 | 59 | Amortize | ||||||||||||||||||
Surviving Spouses First Name | S | Ss | 57 | 66 | Lump-Sum | ||||||||||||||||||
Last Name | Client | ||||||||||||||||||||||
Oldest Beneficiarys Name | C | Cs | 60 | NA | |||||||||||||||||||
Youngest Beneficiarys Name | GC | GCs | 15 | NA | |||||||||||||||||||
First Year of Analysis Year of IRA Owners Death | 2007 | ||||||||||||||||||||||
Federal Income Tax Rate | 3500 | ||||||||||||||||||||||
Federal Capital Gains Rate | 1500 | ||||||||||||||||||||||
State Income Tax Rate | 500 | ||||||||||||||||||||||
State Capital Gains Rate | 500 | ||||||||||||||||||||||
IRA Balance | $ 1000000 | ||||||||||||||||||||||
Outside Assets Balance | $ - 0 | ||||||||||||||||||||||
Growth Rate | 800 | ||||||||||||||||||||||
Turnover on Growth | 5000 | ||||||||||||||||||||||
5-Year Payout Option (IRA Owner lt 70) | Lump-Sum | ||||||||||||||||||||||
Denotes mandatory inputs |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Youngest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | GCs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 15 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
16 | 669 | 2008 | $ 1080000 | $ (16143) | $ 85109 | $ 1148965 | $ - 0 | $ 9686 | $ 775 | $ (77) | $ 10383 | $ 1159349 | |||||||||||||||
17 | 659 | 2009 | $ 1148965 | $ (17435) | $ 90522 | $ 1222052 | $ 10383 | $ 10461 | $ 1668 | $ (167) | $ 22345 | $ 1244398 | |||||||||||||||
18 | 649 | 2010 | $ 1222052 | $ (18830) | $ 96258 | $ 1299480 | $ 22345 | $ 11298 | $ 2691 | $ (269) | $ 36065 | $ 1335546 | |||||||||||||||
19 | 639 | 2011 | $ 1299480 | $ (20336) | $ 102332 | $ 1381476 | $ 36065 | $ 12202 | $ 3861 | $ (386) | $ 51742 | $ 1433218 | |||||||||||||||
20 | 629 | 2012 | $ 1381476 | $ (21963) | $ 108761 | $ 1468274 | $ 51742 | $ 13178 | $ 5194 | $ (519) | $ 69594 | $ 1537868 | |||||||||||||||
21 | 619 | 2013 | $ 1468274 | $ (23720) | $ 115564 | $ 1560118 | $ 69594 | $ 14232 | $ 6706 | $ (671) | $ 89862 | $ 1649980 | |||||||||||||||
22 | 609 | 2014 | $ 1560118 | $ (25618) | $ 122760 | $ 1657260 | $ 89862 | $ 15371 | $ 8419 | $ (842) | $ 112809 | $ 1770070 | |||||||||||||||
23 | 599 | 2015 | $ 1657260 | $ (27667) | $ 130367 | $ 1759961 | $ 112809 | $ 16600 | $ 10353 | $ (1035) | $ 138727 | $ 1898688 | |||||||||||||||
24 | 589 | 2016 | $ 1759961 | $ (29880) | $ 138406 | $ 1868487 | $ 138727 | $ 17928 | $ 12532 | $ (1253) | $ 167935 | $ 2036421 | |||||||||||||||
25 | 579 | 2017 | $ 1868487 | $ (32271) | $ 146897 | $ 1983113 | $ 167935 | $ 19363 | $ 14984 | $ (1498) | $ 200783 | $ 2183896 | |||||||||||||||
26 | 569 | 2018 | $ 1983113 | $ (34853) | $ 155861 | $ 2104121 | $ 200783 | $ 20912 | $ 17736 | $ (1774) | $ 237656 | $ 2341777 | |||||||||||||||
27 | 559 | 2019 | $ 2104121 | $ (37641) | $ 165318 | $ 2231799 | $ 237656 | $ 22584 | $ 20819 | $ (2082) | $ 278978 | $ 2510777 | |||||||||||||||
28 | 549 | 2020 | $ 2231799 | $ (40652) | $ 175292 | $ 2366439 | $ 278978 | $ 24391 | $ 24270 | $ (2427) | $ 325212 | $ 2691650 | |||||||||||||||
29 | 539 | 2021 | $ 2366439 | $ (43904) | $ 185803 | $ 2508337 | $ 325212 | $ 26343 | $ 28124 | $ (2812) | $ 376866 | $ 2885203 | |||||||||||||||
30 | 529 | 2022 | $ 2508337 | $ (47417) | $ 196874 | $ 2657794 | $ 376866 | $ 28450 | $ 32425 | $ (3243) | $ 434499 | $ 3092293 | |||||||||||||||
31 | 519 | 2023 | $ 2657794 | $ (51210) | $ 208527 | $ 2815111 | $ 434499 | $ 30726 | $ 37218 | $ (3722) | $ 498721 | $ 3313832 | |||||||||||||||
32 | 509 | 2024 | $ 2815111 | $ (55307) | $ 220784 | $ 2980589 | $ 498721 | $ 33184 | $ 42552 | $ (4255) | $ 570202 | $ 3550791 | |||||||||||||||
33 | 499 | 2025 | $ 2980589 | $ (59731) | $ 233669 | $ 3154526 | $ 570202 | $ 35839 | $ 48483 | $ (4848) | $ 649676 | $ 3804202 | |||||||||||||||
34 | 489 | 2026 | $ 3154526 | $ (64510) | $ 247201 | $ 3337217 | $ 649676 | $ 38706 | $ 55071 | $ (5507) | $ 737945 | $ 4075163 | |||||||||||||||
35 | 479 | 2027 | $ 3337217 | $ (69671) | $ 261404 | $ 3528951 | $ 737945 | $ 41802 | $ 62380 | $ (6238) | $ 835889 | $ 4364840 | |||||||||||||||
36 | 469 | 2028 | $ 3528951 | $ (75244) | $ 276297 | $ 3730003 | $ 835889 | $ 45146 | $ 70483 | $ (7048) | $ 944471 | $ 4674474 | |||||||||||||||
37 | 459 | 2029 | $ 3730003 | $ (81264) | $ 291899 | $ 3940639 | $ 944471 | $ 48758 | $ 79458 | $ (7946) | $ 1064741 | $ 5005380 | |||||||||||||||
38 | 449 | 2030 | $ 3940639 | $ (87765) | $ 308230 | $ 4161104 | $ 1064741 | $ 52659 | $ 89392 | $ (8939) | $ 1197853 | $ 5358957 | |||||||||||||||
39 | 439 | 2031 | $ 4161104 | $ (94786) | $ 325305 | $ 4391623 | $ 1197853 | $ 56872 | $ 100378 | $ (10038) | $ 1345065 | $ 5736688 | |||||||||||||||
40 | 429 | 2032 | $ 4391623 | $ (102369) | $ 343140 | $ 4632395 | $ 1345065 | $ 61421 | $ 112519 | $ (11252) | $ 1507753 | $ 6140148 | |||||||||||||||
41 | 419 | 2033 | $ 4632395 | $ (110558) | $ 361747 | $ 4883583 | $ 1507753 | $ 66335 | $ 125927 | $ (12593) | $ 1687422 | $ 6571005 | |||||||||||||||
42 | 409 | 2034 | $ 4883583 | $ (119403) | $ 381134 | $ 5145315 | $ 1687422 | $ 71642 | $ 140725 | $ (14073) | $ 1885717 | $ 7031031 | |||||||||||||||
43 | 399 | 2035 | $ 5145315 | $ (128955) | $ 401309 | $ 5417668 | $ 1885717 | $ 77373 | $ 157047 | $ (15705) | $ 2104432 | $ 7522100 | |||||||||||||||
44 | 389 | 2036 | $ 5417668 | $ (139272) | $ 422272 | $ 5700668 | $ 2104432 | $ 83563 | $ 175040 | $ (17504) | $ 2345531 | $ 8046199 | |||||||||||||||
45 | 379 | 2037 | $ 5700668 | $ (150413) | $ 444020 | $ 5994275 | $ 2345531 | $ 90248 | $ 194862 | $ (19486) | $ 2611155 | $ 8605430 | |||||||||||||||
46 | 369 | 2038 | $ 5994275 | $ (162446) | $ 466546 | $ 6298375 | $ 2611155 | $ 97468 | $ 216690 | $ (21669) | $ 2903644 | $ 9202019 | |||||||||||||||
47 | 359 | 2039 | $ 6298375 | $ (175442) | $ 489835 | $ 6612767 | $ 2903644 | $ 105265 | $ 240713 | $ (24071) | $ 3225551 | $ 9838318 | |||||||||||||||
48 | 349 | 2040 | $ 6612767 | $ (189478) | $ 513863 | $ 6937153 | $ 3225551 | $ 113687 | $ 267139 | $ (26714) | $ 3579662 | $ 10516815 | |||||||||||||||
49 | 339 | 2041 | $ 6937153 | $ (204636) | $ 538601 | $ 7271118 | $ 3579662 | $ 122781 | $ 296195 | $ (29620) | $ 3969020 | $ 11240138 | |||||||||||||||
50 | 329 | 2042 | $ 7271118 | $ (221007) | $ 564009 | $ 7614121 | $ 3969020 | $ 132604 | $ 328130 | $ (32813) | $ 4396941 | $ 12011061 | |||||||||||||||
51 | 319 | 2043 | $ 7614121 | $ (238687) | $ 590035 | $ 7965468 | $ 4396941 | $ 143212 | $ 363212 | $ (36321) | $ 4867044 | $ 12832512 | |||||||||||||||
52 | 309 | 2044 | $ 7965468 | $ (257782) | $ 616615 | $ 8324301 | $ 4867044 | $ 154669 | $ 401737 | $ (40174) | $ 5383277 | $ 13707578 | |||||||||||||||
53 | 299 | 2045 | $ 8324301 | $ (278405) | $ 643672 | $ 8689568 | $ 5383277 | $ 167043 | $ 444026 | $ (44403) | $ 5949942 | $ 14639510 | |||||||||||||||
54 | 289 | 2046 | $ 8689568 | $ (300677) | $ 671111 | $ 9060002 | $ 5949942 | $ 180406 | $ 490428 | $ (49043) | $ 6571734 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||
IRA Payable to Oldest Non-Spousal Beneficiary | |||||||||||||||||||||||||||
Owner | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | ||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||
65 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | ||||||||||||||
31 | 524 | 2008 | $ 1080000 | $ (20611) | $ 84751 | $ 1144140 | $ - 0 | $ 12366 | $ 989 | $ (99) | $ 13257 | $ 1157397 | |||||||||||||||
32 | 514 | 2009 | $ 1144140 | $ (22260) | $ 89750 | $ 1211631 | $ 13257 | $ 13356 | $ 2129 | $ (213) | $ 28529 | $ 1240160 | |||||||||||||||
33 | 504 | 2010 | $ 1211631 | $ (24040) | $ 95007 | $ 1282598 | $ 28529 | $ 14424 | $ 3436 | $ (344) | $ 46045 | $ 1328644 | |||||||||||||||
34 | 494 | 2011 | $ 1282598 | $ (25964) | $ 100531 | $ 1357166 | $ 46045 | $ 15578 | $ 4930 | $ (493) | $ 66060 | $ 1423226 | |||||||||||||||
35 | 484 | 2012 | $ 1357166 | $ (28041) | $ 106330 | $ 1435455 | $ 66060 | $ 16824 | $ 6631 | $ (663) | $ 88852 | $ 1524308 | |||||||||||||||
36 | 474 | 2013 | $ 1435455 | $ (30284) | $ 112414 | $ 1517585 | $ 88852 | $ 18170 | $ 8562 | $ (856) | $ 114728 | $ 1632313 | |||||||||||||||
37 | 464 | 2014 | $ 1517585 | $ (32707) | $ 118790 | $ 1603669 | $ 114728 | $ 19624 | $ 10748 | $ (1075) | $ 144026 | $ 1747694 | |||||||||||||||
38 | 454 | 2015 | $ 1603669 | $ (35323) | $ 125468 | $ 1693813 | $ 144026 | $ 21194 | $ 13218 | $ (1322) | $ 177115 | $ 1870929 | |||||||||||||||
39 | 444 | 2016 | $ 1693813 | $ (38149) | $ 132453 | $ 1788117 | $ 177115 | $ 22889 | $ 16000 | $ (1600) | $ 214405 | $ 2002522 | |||||||||||||||
40 | 434 | 2017 | $ 1788117 | $ (41201) | $ 139753 | $ 1886670 | $ 214405 | $ 24721 | $ 19130 | $ (1913) | $ 256343 | $ 2143012 | |||||||||||||||
41 | 424 | 2018 | $ 1886670 | $ (44497) | $ 147374 | $ 1989547 | $ 256343 | $ 26698 | $ 22643 | $ (2264) | $ 303420 | $ 2292966 | |||||||||||||||
42 | 414 | 2019 | $ 1989547 | $ (48057) | $ 155319 | $ 2096809 | $ 303420 | $ 28834 | $ 26580 | $ (2658) | $ 356176 | $ 2452985 | |||||||||||||||
43 | 404 | 2020 | $ 2096809 | $ (51901) | $ 163593 | $ 2208501 | $ 356176 | $ 31141 | $ 30985 | $ (3099) | $ 415204 | $ 2623704 | |||||||||||||||
44 | 394 | 2021 | $ 2208501 | $ (56053) | $ 172196 | $ 2324643 | $ 415204 | $ 33632 | $ 35907 | $ (3591) | $ 481152 | $ 2805795 | |||||||||||||||
45 | 384 | 2022 | $ 2324643 | $ (60538) | $ 181128 | $ 2445234 | $ 481152 | $ 36323 | $ 41398 | $ (4140) | $ 554732 | $ 2999966 | |||||||||||||||
46 | 374 | 2023 | $ 2445234 | $ (65381) | $ 190388 | $ 2570242 | $ 554732 | $ 39228 | $ 47517 | $ (4752) | $ 636726 | $ 3206968 | |||||||||||||||
47 | 364 | 2024 | $ 2570242 | $ (70611) | $ 199970 | $ 2699601 | $ 636726 | $ 42367 | $ 54327 | $ (5433) | $ 727987 | $ 3427588 | |||||||||||||||
48 | 354 | 2025 | $ 2699601 | $ (76260) | $ 209867 | $ 2833208 | $ 727987 | $ 45756 | $ 61899 | $ (6190) | $ 829453 | $ 3662661 | |||||||||||||||
49 | 344 | 2026 | $ 2833208 | $ (82361) | $ 220068 | $ 2970915 | $ 829453 | $ 49416 | $ 70310 | $ (7031) | $ 942148 | $ 3913063 | |||||||||||||||
50 | 334 | 2027 | $ 2970915 | $ (88950) | $ 230557 | $ 3112523 | $ 942148 | $ 53370 | $ 79641 | $ (7964) | $ 1067195 | $ 4179718 | |||||||||||||||
51 | 324 | 2028 | $ 3112523 | $ (96066) | $ 241317 | $ 3257774 | $ 1067195 | $ 57639 | $ 89987 | $ (8999) | $ 1205822 | $ 4463596 | |||||||||||||||
52 | 314 | 2029 | $ 3257774 | $ (103751) | $ 252322 | $ 3406345 | $ 1205822 | $ 62250 | $ 101446 | $ (10145) | $ 1359374 | $ 4765719 | |||||||||||||||
53 | 304 | 2030 | $ 3406345 | $ (112051) | $ 263544 | $ 3557838 | $ 1359374 | $ 67230 | $ 114128 | $ (11413) | $ 1529320 | $ 5087158 | |||||||||||||||
54 | 294 | 2031 | $ 3557838 | $ (121015) | $ 274946 | $ 3711769 | $ 1529320 | $ 72609 | $ 128154 | $ (12815) | $ 1717268 | $ 5429037 | |||||||||||||||
55 | 284 | 2032 | $ 3711769 | $ (130696) | $ 286486 | $ 3867559 | $ 1717268 | $ 78418 | $ 143655 | $ (14365) | $ 1924975 | $ 5792533 | |||||||||||||||
56 | 274 | 2033 | $ 3867559 | $ (141152) | $ 298113 | $ 4024520 | $ 1924975 | $ 84691 | $ 160773 | $ (16077) | $ 2154362 | $ 6178881 | |||||||||||||||
57 | 264 | 2034 | $ 4024520 | $ (152444) | $ 309766 | $ 4181842 | $ 2154362 | $ 91466 | $ 179666 | $ (17967) | $ 2407528 | $ 6589369 | |||||||||||||||
58 | 254 | 2035 | $ 4181842 | $ (164639) | $ 321376 | $ 4338578 | $ 2407528 | $ 98784 | $ 200505 | $ (20050) | $ 2686766 | $ 7025344 | |||||||||||||||
59 | 244 | 2036 | $ 4338578 | $ (177811) | $ 332861 | $ 4493629 | $ 2686766 | $ 106686 | $ 223476 | $ (22348) | $ 2994581 | $ 7488210 | |||||||||||||||
60 | 234 | 2037 | $ 4493629 | $ (192035) | $ 344128 | $ 4645721 | $ 2994581 | $ 115221 | $ 248784 | $ (24878) | $ 3333708 | $ 7979429 | |||||||||||||||
61 | 224 | 2038 | $ 4645721 | $ (207398) | $ 355066 | $ 4793389 | $ 3333708 | $ 124439 | $ 276652 | $ (27665) | $ 3707133 | $ 8500522 | |||||||||||||||
62 | 214 | 2039 | $ 4793389 | $ (223990) | $ 365552 | $ 4934951 | $ 3707133 | $ 134394 | $ 307322 | $ (30732) | $ 4118117 | $ 9053068 | |||||||||||||||
63 | 204 | 2040 | $ 4934951 | $ (241909) | $ 375443 | $ 5068485 | $ 4118117 | $ 145146 | $ 341061 | $ (34106) | $ 4570218 | $ 9638702 | |||||||||||||||
64 | 194 | 2041 | $ 5068485 | $ (261262) | $ 384578 | $ 5191800 | $ 4570218 | $ 156757 | $ 378158 | $ (37816) | $ 5067317 | $ 10259117 | |||||||||||||||
65 | 184 | 2042 | $ 5191800 | $ (282163) | $ 392771 | $ 5302408 | $ 5067317 | $ 169298 | $ 418929 | $ (41893) | $ 5613651 | $ 10916059 | |||||||||||||||
66 | 174 | 2043 | $ 5302408 | $ (304736) | $ 399814 | $ 5397486 | $ 5613651 | $ 182842 | $ 463719 | $ (46372) | $ 6213840 | $ 11611326 | |||||||||||||||
67 | 164 | 2044 | $ 5397486 | $ (329115) | $ 405470 | $ 5473841 | $ 6213840 | $ 197469 | $ 512905 | $ (51290) | $ 6872924 | $ 12346764 | |||||||||||||||
68 | 154 | 2045 | $ 5473841 | $ (355444) | $ 409472 | $ 5527868 | $ 6872924 | $ 213267 | $ 566895 | $ (56690) | $ 7596396 | $ 13124264 | |||||||||||||||
69 | 144 | 2046 | $ 5527868 | $ (383880) | $ 411519 | $ 5555507 | $ 7596396 | $ 230328 | $ 626138 | $ (62614) | $ 8390248 | $ 13945755 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | NA | 2012 | $ 1469328 | $ - 0 | $ 117546 | $ 1586874 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1586874 | ||||||||||||||||
66 | 36 | NA | 2013 | $ 1586874 | $ - 0 | $ 126950 | $ 1713824 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1713824 | ||||||||||||||||
37 | 465 | 2014 | $ 1713824 | $ (36856) | $ 134157 | $ 1811125 | $ - 0 | $ 22114 | $ 1769 | $ (177) | $ 23706 | $ 1834831 | |||||||||||||||||
38 | 455 | 2015 | $ 1811125 | $ (39805) | $ 141706 | $ 1913026 | $ 23706 | $ 23883 | $ 3807 | $ (381) | $ 51015 | $ 1964041 | |||||||||||||||||
39 | 445 | 2016 | $ 1913026 | $ (42989) | $ 149603 | $ 2019640 | $ 51015 | $ 25794 | $ 6145 | $ (614) | $ 82339 | $ 2101979 | |||||||||||||||||
40 | 435 | 2017 | $ 2019640 | $ (46428) | $ 157857 | $ 2131068 | $ 82339 | $ 27857 | $ 8816 | $ (882) | $ 118131 | $ 2249198 | |||||||||||||||||
41 | 425 | 2018 | $ 2131068 | $ (50143) | $ 166474 | $ 2247399 | $ 118131 | $ 30086 | $ 11857 | $ (1186) | $ 158888 | $ 2406287 | |||||||||||||||||
42 | 415 | 2019 | $ 2247399 | $ (54154) | $ 175460 | $ 2368705 | $ 158888 | $ 32493 | $ 15310 | $ (1531) | $ 205160 | $ 2573864 | |||||||||||||||||
43 | 405 | 2020 | $ 2368705 | $ (58487) | $ 184817 | $ 2495035 | $ 205160 | $ 35092 | $ 19220 | $ (1922) | $ 257550 | $ 2752585 | |||||||||||||||||
44 | 395 | 2021 | $ 2495035 | $ (63165) | $ 194550 | $ 2626420 | $ 257550 | $ 37899 | $ 23636 | $ (2364) | $ 316721 | $ 2943141 | |||||||||||||||||
45 | 385 | 2022 | $ 2626420 | $ (68219) | $ 204656 | $ 2762857 | $ 316721 | $ 40931 | $ 28612 | $ (2861) | $ 383403 | $ 3146260 | |||||||||||||||||
46 | 375 | 2023 | $ 2762857 | $ (73676) | $ 215134 | $ 2904315 | $ 383403 | $ 44206 | $ 34209 | $ (3421) | $ 458397 | $ 3362712 | |||||||||||||||||
47 | 365 | 2024 | $ 2904315 | $ (79570) | $ 225980 | $ 3050725 | $ 458397 | $ 47742 | $ 40491 | $ (4049) | $ 542581 | $ 3593306 | |||||||||||||||||
48 | 355 | 2025 | $ 3050725 | $ (85936) | $ 237183 | $ 3201972 | $ 542581 | $ 51562 | $ 47531 | $ (4753) | $ 636921 | $ 3838893 | |||||||||||||||||
49 | 345 | 2026 | $ 3201972 | $ (92811) | $ 248733 | $ 3357894 | $ 636921 | $ 55686 | $ 55409 | $ (5541) | $ 742475 | $ 4100369 | |||||||||||||||||
50 | 335 | 2027 | $ 3357894 | $ (100236) | $ 260613 | $ 3518271 | $ 742475 | $ 60141 | $ 64209 | $ (6421) | $ 860405 | $ 4378676 | |||||||||||||||||
51 | 325 | 2028 | $ 3518271 | $ (108254) | $ 272801 | $ 3682818 | $ 860405 | $ 64953 | $ 74029 | $ (7403) | $ 991984 | $ 4674801 | |||||||||||||||||
52 | 315 | 2029 | $ 3682818 | $ (116915) | $ 285272 | $ 3851175 | $ 991984 | $ 70149 | $ 84971 | $ (8497) | $ 1138606 | $ 4989781 | |||||||||||||||||
53 | 305 | 2030 | $ 3851175 | $ (126268) | $ 297993 | $ 4022900 | $ 1138606 | $ 75761 | $ 97149 | $ (9715) | $ 1301801 | $ 5324701 | |||||||||||||||||
54 | 295 | 2031 | $ 4022900 | $ (136369) | $ 310922 | $ 4197453 | $ 1301801 | $ 81822 | $ 110690 | $ (11069) | $ 1483244 | $ 5680696 | |||||||||||||||||
55 | 285 | 2032 | $ 4197453 | $ (147279) | $ 324014 | $ 4374187 | $ 1483244 | $ 88367 | $ 125729 | $ (12573) | $ 1684767 | $ 6058955 | |||||||||||||||||
56 | 275 | 2033 | $ 4374187 | $ (159061) | $ 337210 | $ 4552336 | $ 1684767 | $ 95437 | $ 142416 | $ (14242) | $ 1908379 | $ 6460715 | |||||||||||||||||
57 | 265 | 2034 | $ 4552336 | $ (171786) | $ 350444 | $ 4730994 | $ 1908379 | $ 103072 | $ 160916 | $ (16092) | $ 2156275 | $ 6887269 | |||||||||||||||||
58 | 255 | 2035 | $ 4730994 | $ (185529) | $ 363637 | $ 4909102 | $ 2156275 | $ 111318 | $ 181407 | $ (18141) | $ 2430859 | $ 7339961 | |||||||||||||||||
59 | 245 | 2036 | $ 4909102 | $ (200372) | $ 376698 | $ 5085429 | $ 2430859 | $ 120223 | $ 204087 | $ (20409) | $ 2734760 | $ 7820189 | |||||||||||||||||
60 | 235 | 2037 | $ 5085429 | $ (216401) | $ 389522 | $ 5258550 | $ 2734760 | $ 129841 | $ 229168 | $ (22917) | $ 3070852 | $ 8329402 | |||||||||||||||||
61 | 225 | 2038 | $ 5258550 | $ (233713) | $ 401987 | $ 5426823 | $ 3070852 | $ 140228 | $ 256886 | $ (25689) | $ 3442278 | $ 8869101 | |||||||||||||||||
62 | 215 | 2039 | $ 5426823 | $ (252410) | $ 413953 | $ 5588366 | $ 3442278 | $ 151446 | $ 287498 | $ (28750) | $ 3852472 | $ 9440838 | |||||||||||||||||
63 | 205 | 2040 | $ 5588366 | $ (272603) | $ 425261 | $ 5741024 | $ 3852472 | $ 163562 | $ 321283 | $ (32128) | $ 4305188 | $ 10046212 | |||||||||||||||||
64 | 195 | 2041 | $ 5741024 | $ (294411) | $ 435729 | $ 5882341 | $ 4305188 | $ 176647 | $ 358547 | $ (35855) | $ 4804527 | $ 10686869 | |||||||||||||||||
65 | 185 | 2042 | $ 5882341 | $ (317964) | $ 445150 | $ 6009527 | $ 4804527 | $ 190779 | $ 399624 | $ (39962) | $ 5354968 | $ 11364495 | |||||||||||||||||
66 | 175 | 2043 | $ 6009527 | $ (343402) | $ 453290 | $ 6119416 | $ 5354968 | $ 206041 | $ 444881 | $ (44488) | $ 5961401 | $ 12080817 | |||||||||||||||||
67 | 165 | 2044 | $ 6119416 | $ (370874) | $ 459883 | $ 6208425 | $ 5961401 | $ 222524 | $ 494714 | $ (49471) | $ 6629168 | $ 12837594 | |||||||||||||||||
68 | 155 | 2045 | $ 6208425 | $ (400544) | $ 464631 | $ 6272512 | $ 6629168 | $ 240326 | $ 549560 | $ (54956) | $ 7364098 | $ 13636610 | |||||||||||||||||
69 | 145 | 2046 | $ 6272512 | $ (432587) | $ 467194 | $ 6307119 | $ 7364098 | $ 259552 | $ 609892 | $ (60989) | $ 8172553 | $ 14479672 |
O amp S Client | |||||||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||||||
IRA Payable to Surviving Spouse (No Spousal Rollover) | |||||||||||||||||||||||||||||
Owner | Ss Age | Cs Age | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||||||
65 | 60 | 30 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||||
61 | 31 | NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||||
62 | 32 | NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||||
63 | 33 | NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||||
64 | 34 | NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||||
65 | 35 | 210 | 2012 | $ 1469328 | $ (69968) | $ 111949 | $ 1511309 | $ - 0 | $ 41981 | $ 3358 | $ (336) | $ 45003 | $ 1556312 | ||||||||||||||||
66 | 36 | 202 | 2013 | $ 1511309 | $ (74817) | $ 114919 | $ 1551411 | $ 45003 | $ 44890 | $ 7192 | $ (719) | $ 96366 | $ 1647777 | ||||||||||||||||
37 | 192 | 2014 | $ 1551411 | $ (80803) | $ 117649 | $ 1588257 | $ 96366 | $ 48482 | $ 11588 | $ (1159) | $ 155277 | $ 1743534 | |||||||||||||||||
38 | 182 | 2015 | $ 1588257 | $ (87267) | $ 120079 | $ 1621069 | $ 155277 | $ 52360 | $ 16611 | $ (1661) | $ 222587 | $ 1843656 | |||||||||||||||||
39 | 172 | 2016 | $ 1621069 | $ (94248) | $ 122146 | $ 1648967 | $ 222587 | $ 56549 | $ 22331 | $ (2233) | $ 299233 | $ 1948200 | |||||||||||||||||
40 | 162 | 2017 | $ 1648967 | $ (101788) | $ 123774 | $ 1670953 | $ 299233 | $ 61073 | $ 28825 | $ (2882) | $ 386248 | $ 2057201 | |||||||||||||||||
41 | 152 | 2018 | $ 1670953 | $ (109931) | $ 124882 | $ 1685904 | $ 386248 | $ 65959 | $ 36177 | $ (3618) | $ 484766 | $ 2170670 | |||||||||||||||||
42 | 142 | 2019 | $ 1685904 | $ (118726) | $ 125374 | $ 1692552 | $ 484766 | $ 71235 | $ 44480 | $ (4448) | $ 596033 | $ 2288586 | |||||||||||||||||
43 | 132 | 2020 | $ 1692552 | $ (128224) | $ 125146 | $ 1689475 | $ 596033 | $ 76934 | $ 53837 | $ (5384) | $ 721421 | $ 2410896 | |||||||||||||||||
44 | 122 | 2021 | $ 1689475 | $ (138482) | $ 124079 | $ 1675073 | $ 721421 | $ 83089 | $ 64361 | $ (6436) | $ 862435 | $ 2537508 | |||||||||||||||||
45 | 112 | 2022 | $ 1675073 | $ (149560) | $ 122041 | $ 1647554 | $ 862435 | $ 89736 | $ 76174 | $ (7617) | $ 1020727 | $ 2668281 | |||||||||||||||||
46 | 102 | 2023 | $ 1647554 | $ (161525) | $ 118882 | $ 1604911 | $ 1020727 | $ 96915 | $ 89411 | $ (8941) | $ 1198112 | $ 2803024 | |||||||||||||||||
47 | 92 | 2024 | $ 1604911 | $ (174447) | $ 114437 | $ 1544901 | $ 1198112 | $ 104668 | $ 104222 | $ (10422) | $ 1396581 | $ 2941482 | |||||||||||||||||
48 | 82 | 2025 | $ 1544901 | $ (188403) | $ 108520 | $ 1465019 | $ 1396581 | $ 113042 | $ 120770 | $ (12077) | $ 1618315 | $ 3083334 | |||||||||||||||||
49 | 72 | 2026 | $ 1465019 | $ (203475) | $ 100924 | $ 1362467 | $ 1618315 | $ 122085 | $ 139232 | $ (13923) | $ 1865709 | $ 3228176 | |||||||||||||||||
50 | 62 | 2027 | $ 1362467 | $ (219753) | $ 91417 | $ 1234132 | $ 1865709 | $ 131852 | $ 159805 | $ (15980) | $ 2141385 | $ 3375517 | |||||||||||||||||
51 | 52 | 2028 | $ 1234132 | $ (237333) | $ 79744 | $ 1076543 | $ 2141385 | $ 142400 | $ 182703 | $ (18270) | $ 2448217 | $ 3524760 | |||||||||||||||||
52 | 42 | 2029 | $ 1076543 | $ (256320) | $ 65618 | $ 885841 | $ 2448217 | $ 153792 | $ 208161 | $ (20816) | $ 2789354 | $ 3675194 | |||||||||||||||||
53 | 32 | 2030 | $ 885841 | $ (276825) | $ 48721 | $ 657737 | $ 2789354 | $ 166095 | $ 236436 | $ (23644) | $ 3168241 | $ 3825978 | |||||||||||||||||
54 | 22 | 2031 | $ 657737 | $ (298971) | $ 28701 | $ 387467 | $ 3168241 | $ 179383 | $ 267810 | $ (26781) | $ 3588653 | $ 3976119 | |||||||||||||||||
55 | 12 | 2032 | $ 387467 | $ (322889) | $ 5166 | $ 69744 | $ 3588653 | $ 193733 | $ 302591 | $ (30259) | $ 4054718 | $ 4124462 | |||||||||||||||||
56 | 10 | 2033 | $ 69744 | $ (69744) | $ - 0 | $ - 0 | $ 4054718 | $ 41846 | $ 327725 | $ (32773) | $ 4391517 | $ 4391517 | |||||||||||||||||
57 | 10 | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4391517 | $ - 0 | $ 351321 | $ (35132) | $ 4707706 | $ 4707706 | |||||||||||||||||
58 | 10 | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4707706 | $ - 0 | $ 376616 | $ (37662) | $ 5046661 | $ 5046661 | |||||||||||||||||
59 | 10 | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5046661 | $ - 0 | $ 403733 | $ (40373) | $ 5410021 | $ 5410021 | |||||||||||||||||
60 | 10 | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5410021 | $ - 0 | $ 432802 | $ (43280) | $ 5799542 | $ 5799542 | |||||||||||||||||
61 | 10 | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5799542 | $ - 0 | $ 463963 | $ (46396) | $ 6217109 | $ 6217109 | |||||||||||||||||
62 | 10 | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6217109 | $ - 0 | $ 497369 | $ (49737) | $ 6664741 | $ 6664741 | |||||||||||||||||
63 | 10 | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6664741 | $ - 0 | $ 533179 | $ (53318) | $ 7144602 | $ 7144602 | |||||||||||||||||
64 | 10 | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7144602 | $ - 0 | $ 571568 | $ (57157) | $ 7659014 | $ 7659014 | |||||||||||||||||
65 | 10 | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7659014 | $ - 0 | $ 612721 | $ (61272) | $ 8210463 | $ 8210463 | |||||||||||||||||
66 | 10 | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8210463 | $ - 0 | $ 656837 | $ (65684) | $ 8801616 | $ 8801616 | |||||||||||||||||
67 | 10 | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8801616 | $ - 0 | $ 704129 | $ (70413) | $ 9435332 | $ 9435332 | |||||||||||||||||
68 | 10 | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9435332 | $ - 0 | $ 754827 | $ (75483) | $ 10114676 | $ 10114676 | |||||||||||||||||
69 | 10 | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 10114676 | $ - 0 | $ 809174 | $ (80917) | $ 10842933 | $ 10842933 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ - 0 | $ 80000 | $ 1080000 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1080000 | |||||||||||||
NA | 2008 | $ 1080000 | $ - 0 | $ 86400 | $ 1166400 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1166400 | ||||||||||||||
NA | 2009 | $ 1166400 | $ - 0 | $ 93312 | $ 1259712 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1259712 | ||||||||||||||
NA | 2010 | $ 1259712 | $ - 0 | $ 100777 | $ 1360489 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1360489 | ||||||||||||||
NA | 2011 | $ 1360489 | $ - 0 | $ 108839 | $ 1469328 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1469328 | ||||||||||||||
NA | 2012 | $ 1469328 | $ (1469328) | $ - 0 | $ - 0 | $ - 0 | $ 881597 | $ 70528 | $ (7053) | $ 945072 | $ 945072 | ||||||||||||||
NA | 2013 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 945072 | $ - 0 | $ 75606 | $ (7561) | $ 1013117 | $ 1013117 | ||||||||||||||
NA | 2014 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1013117 | $ - 0 | $ 81049 | $ (8105) | $ 1086061 | $ 1086061 | ||||||||||||||
NA | 2015 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1086061 | $ - 0 | $ 86885 | $ (8688) | $ 1164258 | $ 1164258 | ||||||||||||||
NA | 2016 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1164258 | $ - 0 | $ 93141 | $ (9314) | $ 1248084 | $ 1248084 | ||||||||||||||
NA | 2017 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1248084 | $ - 0 | $ 99847 | $ (9985) | $ 1337946 | $ 1337946 | ||||||||||||||
NA | 2018 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1337946 | $ - 0 | $ 107036 | $ (10704) | $ 1434279 | $ 1434279 | ||||||||||||||
NA | 2019 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1434279 | $ - 0 | $ 114742 | $ (11474) | $ 1537547 | $ 1537547 | ||||||||||||||
NA | 2020 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1537547 | $ - 0 | $ 123004 | $ (12300) | $ 1648250 | $ 1648250 | ||||||||||||||
NA | 2021 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1648250 | $ - 0 | $ 131860 | $ (13186) | $ 1766924 | $ 1766924 | ||||||||||||||
NA | 2022 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1766924 | $ - 0 | $ 141354 | $ (14135) | $ 1894143 | $ 1894143 | ||||||||||||||
NA | 2023 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 1894143 | $ - 0 | $ 151531 | $ (15153) | $ 2030521 | $ 2030521 | ||||||||||||||
NA | 2024 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2030521 | $ - 0 | $ 162442 | $ (16244) | $ 2176718 | $ 2176718 | ||||||||||||||
NA | 2025 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2176718 | $ - 0 | $ 174137 | $ (17414) | $ 2333442 | $ 2333442 | ||||||||||||||
NA | 2026 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2333442 | $ - 0 | $ 186675 | $ (18668) | $ 2501450 | $ 2501450 | ||||||||||||||
NA | 2027 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2501450 | $ - 0 | $ 200116 | $ (20012) | $ 2681554 | $ 2681554 | ||||||||||||||
NA | 2028 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2681554 | $ - 0 | $ 214524 | $ (21452) | $ 2874626 | $ 2874626 | ||||||||||||||
NA | 2029 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 2874626 | $ - 0 | $ 229970 | $ (22997) | $ 3081599 | $ 3081599 | ||||||||||||||
NA | 2030 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3081599 | $ - 0 | $ 246528 | $ (24653) | $ 3303474 | $ 3303474 | ||||||||||||||
NA | 2031 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3303474 | $ - 0 | $ 264278 | $ (26428) | $ 3541325 | $ 3541325 | ||||||||||||||
NA | 2032 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3541325 | $ - 0 | $ 283306 | $ (28331) | $ 3796300 | $ 3796300 | ||||||||||||||
NA | 2033 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 3796300 | $ - 0 | $ 303704 | $ (30370) | $ 4069634 | $ 4069634 | ||||||||||||||
NA | 2034 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4069634 | $ - 0 | $ 325571 | $ (32557) | $ 4362647 | $ 4362647 | ||||||||||||||
NA | 2035 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4362647 | $ - 0 | $ 349012 | $ (34901) | $ 4676758 | $ 4676758 | ||||||||||||||
NA | 2036 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 4676758 | $ - 0 | $ 374141 | $ (37414) | $ 5013484 | $ 5013484 | ||||||||||||||
NA | 2037 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5013484 | $ - 0 | $ 401079 | $ (40108) | $ 5374455 | $ 5374455 | ||||||||||||||
NA | 2038 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5374455 | $ - 0 | $ 429956 | $ (42996) | $ 5761416 | $ 5761416 | ||||||||||||||
NA | 2039 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 5761416 | $ - 0 | $ 460913 | $ (46091) | $ 6176238 | $ 6176238 | ||||||||||||||
NA | 2040 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6176238 | $ - 0 | $ 494099 | $ (49410) | $ 6620927 | $ 6620927 | ||||||||||||||
NA | 2041 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 6620927 | $ - 0 | $ 529674 | $ (52967) | $ 7097634 | $ 7097634 | ||||||||||||||
NA | 2042 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7097634 | $ - 0 | $ 567811 | $ (56781) | $ 7608663 | $ 7608663 | ||||||||||||||
NA | 2043 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 7608663 | $ - 0 | $ 608693 | $ (60869) | $ 8156487 | $ 8156487 | ||||||||||||||
NA | 2044 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8156487 | $ - 0 | $ 652519 | $ (65252) | $ 8743754 | $ 8743754 | ||||||||||||||
NA | 2045 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 8743754 | $ - 0 | $ 699500 | $ (69950) | $ 9373305 | $ 9373305 | ||||||||||||||
NA | 2046 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ 9373305 | $ - 0 | $ 749864 | $ (74986) | $ 10048183 | $ 10048183 |
O amp S Client | |||||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||||
Immediate Distribution | |||||||||||||||||||||||||
Owner | RMD Factor | Year | Beginning IRA Balance | Required Distribution | Growth | Ending IRA Balance | Beginning Outside Balance | Net IRA Receipts | Growth | Taxes on Growth | Ending Outside Balance | Net Wealth to Family | |||||||||||||
800 | 4000 | 800 | 2000 | ||||||||||||||||||||||
65 | NA | 2007 | $ 1000000 | $ (1000000) | $ - 0 | $ - 0 | $ - 0 | $ 600000 | $ 48000 | $ (4800) | $ 643200 | $ 643200 | |||||||||||||
NA | 2008 | $ 643200 | $ - 0 | $ 51456 | $ (5146) | $ 689510 | $ 689510 | ||||||||||||||||||
NA | 2009 | $ 689510 | $ - 0 | $ 55161 | $ (5516) | $ 739155 | $ 739155 | ||||||||||||||||||
NA | 2010 | $ 739155 | $ - 0 | $ 59132 | $ (5913) | $ 792374 | $ 792374 | ||||||||||||||||||
NA | 2011 | $ 792374 | $ - 0 | $ 63390 | $ (6339) | $ 849425 | $ 849425 | ||||||||||||||||||
NA | 2012 | $ 849425 | $ - 0 | $ 67954 | $ (6795) | $ 910584 | $ 910584 | ||||||||||||||||||
NA | 2013 | $ 910584 | $ - 0 | $ 72847 | $ (7285) | $ 976146 | $ 976146 | ||||||||||||||||||
NA | 2014 | $ 976146 | $ - 0 | $ 78092 | $ (7809) | $ 1046428 | $ 1046428 | ||||||||||||||||||
NA | 2015 | $ 1046428 | $ - 0 | $ 83714 | $ (8371) | $ 1121771 | $ 1121771 | ||||||||||||||||||
NA | 2016 | $ 1121771 | $ - 0 | $ 89742 | $ (8974) | $ 1202539 | $ 1202539 | ||||||||||||||||||
NA | 2017 | $ 1202539 | $ - 0 | $ 96203 | $ (9620) | $ 1289122 | $ 1289122 | ||||||||||||||||||
NA | 2018 | $ 1289122 | $ - 0 | $ 103130 | $ (10313) | $ 1381938 | $ 1381938 | ||||||||||||||||||
NA | 2019 | $ 1381938 | $ - 0 | $ 110555 | $ (11056) | $ 1481438 | $ 1481438 | ||||||||||||||||||
NA | 2020 | $ 1481438 | $ - 0 | $ 118515 | $ (11852) | $ 1588101 | $ 1588101 | ||||||||||||||||||
NA | 2021 | $ 1588101 | $ - 0 | $ 127048 | $ (12705) | $ 1702445 | $ 1702445 | ||||||||||||||||||
NA | 2022 | $ 1702445 | $ - 0 | $ 136196 | $ (13620) | $ 1825021 | $ 1825021 | ||||||||||||||||||
NA | 2023 | $ 1825021 | $ - 0 | $ 146002 | $ (14600) | $ 1956422 | $ 1956422 | ||||||||||||||||||
NA | 2024 | $ 1956422 | $ - 0 | $ 156514 | $ (15651) | $ 2097285 | $ 2097285 | ||||||||||||||||||
NA | 2025 | $ 2097285 | $ - 0 | $ 167783 | $ (16778) | $ 2248289 | $ 2248289 | ||||||||||||||||||
NA | 2026 | $ 2248289 | $ - 0 | $ 179863 | $ (17986) | $ 2410166 | $ 2410166 | ||||||||||||||||||
NA | 2027 | $ 2410166 | $ - 0 | $ 192813 | $ (19281) | $ 2583698 | $ 2583698 | ||||||||||||||||||
NA | 2028 | $ 2583698 | $ - 0 | $ 206696 | $ (20670) | $ 2769724 | $ 2769724 | ||||||||||||||||||
NA | 2029 | $ 2769724 | $ - 0 | $ 221578 | $ (22158) | $ 2969144 | $ 2969144 | ||||||||||||||||||
NA | 2030 | $ 2969144 | $ - 0 | $ 237532 | $ (23753) | $ 3182923 | $ 3182923 | ||||||||||||||||||
NA | 2031 | $ 3182923 | $ - 0 | $ 254634 | $ (25463) | $ 3412093 | $ 3412093 | ||||||||||||||||||
NA | 2032 | $ 3412093 | $ - 0 | $ 272967 | $ (27297) | $ 3657764 | $ 3657764 | ||||||||||||||||||
NA | 2033 | $ 3657764 | $ - 0 | $ 292621 | $ (29262) | $ 3921123 | $ 3921123 | ||||||||||||||||||
NA | 2034 | $ 3921123 | $ - 0 | $ 313690 | $ (31369) | $ 4203444 | $ 4203444 | ||||||||||||||||||
NA | 2035 | $ 4203444 | $ - 0 | $ 336276 | $ (33628) | $ 4506092 | $ 4506092 | ||||||||||||||||||
NA | 2036 | $ 4506092 | $ - 0 | $ 360487 | $ (36049) | $ 4830530 | $ 4830530 | ||||||||||||||||||
NA | 2037 | $ 4830530 | $ - 0 | $ 386442 | $ (38644) | $ 5178328 | $ 5178328 | ||||||||||||||||||
NA | 2038 | $ 5178328 | $ - 0 | $ 414266 | $ (41427) | $ 5551168 | $ 5551168 | ||||||||||||||||||
NA | 2039 | $ 5551168 | $ - 0 | $ 444093 | $ (44409) | $ 5950852 | $ 5950852 | ||||||||||||||||||
NA | 2040 | $ 5950852 | $ - 0 | $ 476068 | $ (47607) | $ 6379314 | $ 6379314 | ||||||||||||||||||
NA | 2041 | $ 6379314 | $ - 0 | $ 510345 | $ (51035) | $ 6838624 | $ 6838624 | ||||||||||||||||||
NA | 2042 | $ 6838624 | $ - 0 | $ 547090 | $ (54709) | $ 7331005 | $ 7331005 | ||||||||||||||||||
NA | 2043 | $ 7331005 | $ - 0 | $ 586480 | $ (58648) | $ 7858837 | $ 7858837 | ||||||||||||||||||
NA | 2044 | $ 7858837 | $ - 0 | $ 628707 | $ (62871) | $ 8424674 | $ 8424674 | ||||||||||||||||||
NA | 2045 | $ 8424674 | $ - 0 | $ 673974 | $ (67397) | $ 9031250 | $ 9031250 | ||||||||||||||||||
NA | 2046 | $ 9031250 | $ - 0 | $ 722500 | $ (72250) | $ 9681500 | $ 9681500 |
Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | ||||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 | |||||||
$ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | 1 | |||||||
$ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | 2 | |||||||
$ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | 3 | |||||||
$ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | 4 | |||||||
$ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | 5 | |||||||
$ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | 6 | |||||||
$ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | 7 | |||||||
$ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | 8 | |||||||
$ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | 9 | |||||||
$ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | 10 | |||||||
$ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | 11 | |||||||
$ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | 12 | |||||||
$ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | 13 | |||||||
$ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | 14 | |||||||
$ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | 15 | |||||||
$ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | 16 | |||||||
$ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | 17 | |||||||
$ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | 18 | |||||||
$ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | 19 | |||||||
$ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | 20 | |||||||
$ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | 21 | |||||||
$ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | 22 | |||||||
$ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | 23 | |||||||
$ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | 24 | |||||||
$ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | 25 | |||||||
$ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | 26 | |||||||
$ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | 27 | |||||||
$ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | 28 | |||||||
$ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | 29 | |||||||
$ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | 30 | |||||||
$ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | 31 | |||||||
$ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | 32 | |||||||
$ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | 33 | |||||||
$ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | 34 | |||||||
$ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | 35 | |||||||
$ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | 36 | |||||||
$ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | 37 | |||||||
$ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | 38 | |||||||
$ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | 39 | |||||||
$ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 | 40 |
O amp S Client | |||||||||||||
Inherited IRA Analysis | |||||||||||||
IRA Transfer to Family Summary | |||||||||||||
Year | Immediate Distribution | IRA Payable to Non-Qualified Designated Beneficiary (ie 5-Year Rule) | IRA Payable to Surviving Spouse (No Spousal Rollover) | IRA Payable to Surviving Spouse (Spousal Rollover) | IRA Payable to Oldest Non-Spousal Beneficiary | IRA Payable to Youngest Non-Spousal Beneficiary | |||||||
2007 | $ 643200 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | $ 1080000 | |||||||
2008 | $ 689510 | $ 1166400 | $ 1166400 | $ 1166400 | $ 1157397 | $ 1159349 | |||||||
2009 | $ 739155 | $ 1259712 | $ 1259712 | $ 1259712 | $ 1240160 | $ 1244398 | |||||||
2010 | $ 792374 | $ 1360489 | $ 1360489 | $ 1360489 | $ 1328644 | $ 1335546 | |||||||
2011 | $ 849425 | $ 1469328 | $ 1469328 | $ 1469328 | $ 1423226 | $ 1433218 | |||||||
2012 | $ 910584 | $ 945072 | $ 1556312 | $ 1586874 | $ 1524308 | $ 1537868 | |||||||
2013 | $ 976146 | $ 1013117 | $ 1647777 | $ 1713824 | $ 1632313 | $ 1649980 | |||||||
2014 | $ 1046428 | $ 1086061 | $ 1743534 | $ 1834831 | $ 1747694 | $ 1770070 | |||||||
2015 | $ 1121771 | $ 1164258 | $ 1843656 | $ 1964041 | $ 1870929 | $ 1898688 | |||||||
2016 | $ 1202539 | $ 1248084 | $ 1948200 | $ 2101979 | $ 2002522 | $ 2036421 | |||||||
2017 | $ 1289122 | $ 1337946 | $ 2057201 | $ 2249198 | $ 2143012 | $ 2183896 | |||||||
2018 | $ 1381938 | $ 1434279 | $ 2170670 | $ 2406287 | $ 2292966 | $ 2341777 | |||||||
2019 | $ 1481438 | $ 1537547 | $ 2288586 | $ 2573864 | $ 2452985 | $ 2510777 | |||||||
2020 | $ 1588101 | $ 1648250 | $ 2410896 | $ 2752585 | $ 2623704 | $ 2691650 | |||||||
2021 | $ 1702445 | $ 1766924 | $ 2537508 | $ 2943141 | $ 2805795 | $ 2885203 | |||||||
2022 | $ 1825021 | $ 1894143 | $ 2668281 | $ 3146260 | $ 2999966 | $ 3092293 | |||||||
2023 | $ 1956422 | $ 2030521 | $ 2803024 | $ 3362712 | $ 3206968 | $ 3313832 | |||||||
2024 | $ 2097285 | $ 2176718 | $ 2941482 | $ 3593306 | $ 3427588 | $ 3550791 | |||||||
2025 | $ 2248289 | $ 2333442 | $ 3083334 | $ 3838893 | $ 3662661 | $ 3804202 | |||||||
2026 | $ 2410166 | $ 2501450 | $ 3228176 | $ 4100369 | $ 3913063 | $ 4075163 | |||||||
2027 | $ 2583698 | $ 2681554 | $ 3375517 | $ 4378676 | $ 4179718 | $ 4364840 | |||||||
2028 | $ 2769724 | $ 2874626 | $ 3524760 | $ 4674801 | $ 4463596 | $ 4674474 | |||||||
2029 | $ 2969144 | $ 3081599 | $ 3675194 | $ 4989781 | $ 4765719 | $ 5005380 | |||||||
2030 | $ 3182923 | $ 3303474 | $ 3825978 | $ 5324701 | $ 5087158 | $ 5358957 | |||||||
2031 | $ 3412093 | $ 3541325 | $ 3976119 | $ 5680696 | $ 5429037 | $ 5736688 | |||||||
2032 | $ 3657764 | $ 3796300 | $ 4124462 | $ 6058955 | $ 5792533 | $ 6140148 | |||||||
2033 | $ 3921123 | $ 4069634 | $ 4391517 | $ 6460715 | $ 6178881 | $ 6571005 | |||||||
2034 | $ 4203444 | $ 4362647 | $ 4707706 | $ 6887269 | $ 6589369 | $ 7031031 | |||||||
2035 | $ 4506092 | $ 4676758 | $ 5046661 | $ 7339961 | $ 7025344 | $ 7522100 | |||||||
2036 | $ 4830530 | $ 5013484 | $ 5410021 | $ 7820189 | $ 7488210 | $ 8046199 | |||||||
2037 | $ 5178328 | $ 5374455 | $ 5799542 | $ 8329402 | $ 7979429 | $ 8605430 | |||||||
2038 | $ 5551168 | $ 5761416 | $ 6217109 | $ 8869101 | $ 8500522 | $ 9202019 | |||||||
2039 | $ 5950852 | $ 6176238 | $ 6664741 | $ 9440838 | $ 9053068 | $ 9838318 | |||||||
2040 | $ 6379314 | $ 6620927 | $ 7144602 | $ 10046212 | $ 9638702 | $ 10516815 | |||||||
2041 | $ 6838624 | $ 7097634 | $ 7659014 | $ 10686869 | $ 10259117 | $ 11240138 | |||||||
2042 | $ 7331005 | $ 7608663 | $ 8210463 | $ 11364495 | $ 10916059 | $ 12011061 | |||||||
2043 | $ 7858837 | $ 8156487 | $ 8801616 | $ 12080817 | $ 11611326 | $ 12832512 | |||||||
2044 | $ 8424674 | $ 8743754 | $ 9435332 | $ 12837594 | $ 12346764 | $ 13707578 | |||||||
2045 | $ 9031250 | $ 9373305 | $ 10114676 | $ 13636610 | $ 13124264 | $ 14639510 | |||||||
2046 | $ 9681500 | $ 10048183 | $ 10842933 | $ 14479672 | $ 13945755 | $ 15631736 |
O amp S Client | |||||||||||||||||||||||
Inherited IRA Analysis | |||||||||||||||||||||||
Assumptions | |||||||||||||||||||||||
First Year of Analysis Year of Death | 2007 | ||||||||||||||||||||||
Five-Year Distribution | 0 | ||||||||||||||||||||||
(0=Lump-Sum at End of Five-Year Period 1=Amortize) | |||||||||||||||||||||||
Owner | 65 | ||||||||||||||||||||||
Ss Age | 60 | Single Life Table | Uniform Table | Factor | |||||||||||||||||||
Cs Age | 30 | 0 | 824 | 70 | 274 | NA | |||||||||||||||||
GCs Age | 15 | 1 | 816 | 71 | 265 | NA | |||||||||||||||||
2 | 806 | 72 | 256 | 533 | |||||||||||||||||||
Total IRA Account Balance | $1000000 | 3 | 797 | 73 | 247 | 679 | |||||||||||||||||
Outside Assets Balance | $0 | 4 | 787 | 74 | 238 | ||||||||||||||||||
5 | 777 | 75 | 229 | ||||||||||||||||||||
Growth Rate | 800 | 6 | 767 | 76 | 220 | ||||||||||||||||||
Turnover on Growth | 5000 | 7 | 758 | 77 | 212 | ||||||||||||||||||
8 | 748 | 78 | 203 | ||||||||||||||||||||
Federal Income Tax Rate | 3500 | 9 | 738 | 79 | 195 | ||||||||||||||||||
State Income Tax Rate | 500 | 10 | 728 | 80 | 187 | ||||||||||||||||||
Effective Income Tax Rate | 4000 | 11 | 718 | 81 | 179 | ||||||||||||||||||
12 | 708 | 82 | 171 | ||||||||||||||||||||
Federal Capital Gains Tax Rate | 1500 | 13 | 699 | 83 | 163 | ||||||||||||||||||
State Capital Gains Tax Rate | 500 | 14 | 689 | 84 | 155 | ||||||||||||||||||
Effective Capital Gains Tax Rate | 2000 | 15 | 679 | 85 | 148 | ||||||||||||||||||
16 | 669 | 86 | 141 | ||||||||||||||||||||
17 | 660 | 87 | 134 | ||||||||||||||||||||
18 | 650 | 88 | 127 | ||||||||||||||||||||
19 | 640 | 89 | 120 | ||||||||||||||||||||
20 | 630 | 90 | 114 | ||||||||||||||||||||
21 | 621 | 91 | 108 | ||||||||||||||||||||
22 | 611 | 92 | 102 | ||||||||||||||||||||
23 | 601 | 93 | 96 | ||||||||||||||||||||
24 | 591 | 94 | 91 | ||||||||||||||||||||
25 | 582 | 95 | 86 | ||||||||||||||||||||
26 | 572 | 96 | 81 | ||||||||||||||||||||
27 | 562 | 97 | 76 | ||||||||||||||||||||
28 | 553 | 98 | 71 | ||||||||||||||||||||
29 | 543 | 99 | 67 | ||||||||||||||||||||
30 | 533 | 100 | 63 | ||||||||||||||||||||
31 | 524 | 101 | 59 | ||||||||||||||||||||
32 | 514 | 102 | 55 | ||||||||||||||||||||
33 | 504 | 103 | 52 | ||||||||||||||||||||
34 | 494 | 104 | 49 | ||||||||||||||||||||
35 | 485 | 105 | 45 | ||||||||||||||||||||
36 | 475 | 106 | 42 | ||||||||||||||||||||
37 | 465 | 107 | 39 | ||||||||||||||||||||
38 | 456 | 108 | 37 | ||||||||||||||||||||
39 | 446 | 109 | 34 | ||||||||||||||||||||
40 | 436 | 110 | 31 | ||||||||||||||||||||
41 | 427 | 111 | 29 | ||||||||||||||||||||
42 | 417 | 112 | 26 | ||||||||||||||||||||
43 | 407 | 113 | 24 | ||||||||||||||||||||
44 | 398 | 114 | 21 | ||||||||||||||||||||
45 | 388 | 115 | 19 | ||||||||||||||||||||
46 | 379 | ||||||||||||||||||||||
47 | 370 | ||||||||||||||||||||||
48 | 360 | ||||||||||||||||||||||
49 | 351 | ||||||||||||||||||||||
50 | 342 | ||||||||||||||||||||||
51 | 333 | ||||||||||||||||||||||
52 | 323 | ||||||||||||||||||||||
53 | 314 | ||||||||||||||||||||||
54 | 305 | ||||||||||||||||||||||
55 | 296 | ||||||||||||||||||||||
56 | 287 | ||||||||||||||||||||||
57 | 279 | ||||||||||||||||||||||
58 | 270 | ||||||||||||||||||||||
59 | 261 | ||||||||||||||||||||||
60 | 252 | ||||||||||||||||||||||
61 | 244 | ||||||||||||||||||||||
62 | 235 | ||||||||||||||||||||||
63 | 227 | ||||||||||||||||||||||
64 | 218 | ||||||||||||||||||||||
65 | 210 | ||||||||||||||||||||||
66 | 202 | ||||||||||||||||||||||
67 | 194 | ||||||||||||||||||||||
68 | 186 | ||||||||||||||||||||||
69 | 178 | ||||||||||||||||||||||
70 | 170 | ||||||||||||||||||||||
71 | 163 | ||||||||||||||||||||||
72 | 155 | ||||||||||||||||||||||
73 | 148 | ||||||||||||||||||||||
74 | 141 | ||||||||||||||||||||||
75 | 134 | ||||||||||||||||||||||
76 | 127 | ||||||||||||||||||||||
77 | 121 | ||||||||||||||||||||||
78 | 114 | ||||||||||||||||||||||
79 | 108 | ||||||||||||||||||||||
80 | 102 | ||||||||||||||||||||||
81 | 97 | ||||||||||||||||||||||
82 | 91 | ||||||||||||||||||||||
83 | 86 | ||||||||||||||||||||||
84 | 81 | ||||||||||||||||||||||
85 | 76 | ||||||||||||||||||||||
86 | 71 | ||||||||||||||||||||||
87 | 67 | ||||||||||||||||||||||
88 | 63 | ||||||||||||||||||||||
89 | 59 | ||||||||||||||||||||||
90 | 55 | ||||||||||||||||||||||
91 | 52 | ||||||||||||||||||||||
92 | 49 | ||||||||||||||||||||||
93 | 46 | ||||||||||||||||||||||
94 | 43 | ||||||||||||||||||||||
95 | 41 | ||||||||||||||||||||||
96 | 38 | ||||||||||||||||||||||
97 | 36 | ||||||||||||||||||||||
98 | 34 | ||||||||||||||||||||||
99 | 31 | ||||||||||||||||||||||
100 | 29 | ||||||||||||||||||||||
101 | 27 | ||||||||||||||||||||||
102 | 25 | ||||||||||||||||||||||
103 | 23 | ||||||||||||||||||||||
104 | 21 | ||||||||||||||||||||||
105 | 19 | ||||||||||||||||||||||
106 | 17 | ||||||||||||||||||||||
107 | 15 | ||||||||||||||||||||||
108 | 14 | ||||||||||||||||||||||
109 | 12 | ||||||||||||||||||||||
110 | 11 | ||||||||||||||||||||||
111 | 10 |
O amp S Client | |
Inherited IRA Analysis | |
Overview | |
The Inherited IRA Analysis is a comprehensive income tax analysis designed to show the additional wealth that can be | |
transferred through deferral In particular this analysis looks at six of the most common scenarios which affect IRA | |
owners These scenarios can be summarized as follows | |
Immediate Distribution | |
In this scenario it is assumed the IRA is liquidated in the year of death with the after-tax proceeds being re-invested | |
in a taxable non-qualified account This scenario is analogous to qualified retirement plan situations whereby the | |
beneficiary is required under the provisions of the qualified retirement plan to take the entire balance out as one | |
lump-sum | |
IRA Payable to Non-Qualified Designated Beneficiary | |
This scenario assumes that the IRA is payable to a non-qualified beneficiary (eg estate non-qualified trust etc) | |
To the extent that the decedent-IRA owner is less than age 70frac12 at the time of death the IRA must be fully | |
distributed by December 31st of the year containing the fifth anniversary of the IRA owners death To the extent that | |
the decedent-IRA owner is 70frac12 or older at the time of death the IRA is payable over the decedent-IRA owners ghost | |
life expectancy In this case the factor used in the first year is determined by reference to the Single Life Table using | |
the age of the decedent-IRA owner in the year of death This factor is then reduced by one every year thereafter | |
IRA Payable to Surviving Spouse (No Spousal Rollover) | |
In this scenario it is assumed that the decedent-IRA owners surviving spouse inherits the IRA but chooses to keep | |
the IRA in the decedent-IRA owners name To the extent that the surviving spouse is younger than the decedent-IRA | |
owner it is assumed that the surviving spouses age is used to determine the annual IRA distributions In this case the | |
factor used to determine the surviving spouses annual IRA distribution is by reference to the Single Life Table This | |
process is then repeated each year until the surviving spouse passes away On the other hand if the decedent-IRA | |
owner is younger than the surviving spouse it is assumed that decedent-IRA owners life expectancy is used to | |
determine the annual IRA distributions In this situation the factor used to determine the annual IRA distribution is | |
determined in the first year by reference to the Single Life Table using the decedent-IRA owners age in the year of death | |
Every year thereafter this factor is reduced by one Furthermore regardless of which method that is used it is assumed | |
that the first distribution will not take place until the decedent-IRA owner would have reached age 70frac12 (in the case where | |
the decedent-IRA owner was under age 70frac12 at the time of death) | |
IRA Payable to Surviving Spouse (Spousal Rollover) | |
This particular scenario assumes that instead of keeping the IRA in the name of the decedent-IRA owner (see description | |
above) the surviving spouse rolls over the decedent-IRA owners IRA into her own IRA In this case the surviving spouse | |
may defer taking withdrawals from the IRA until she turns age 70frac12 Once the surviving spouse turns age 70frac12 the | |
annual IRA distribution is determined by reference to the Uniform Lifetime Table using the surviving spouses age each | |
distribution year | |
IRA Payable to Oldest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death | |
IRA Payable to Youngest Non-Spousal Beneficiary | |
This scenario assumes that a qualified non-spousal beneficiary (eg child grandchild brother sister etc) inherits the | |
the IRA from the decedent-IRA owner In this case the first annual IRA distribution is determined by reference to the | |
Single Life Table using non-spousal beneficiarys age in the year following the year of the decedent-IRA owners death | |
Every year thereafter the life expectancy factor is reduced by one Further to the extent that the decedent-IRA owner | |
is older than age 70frac12 at the time of death the distribution for the year of death is determined by reference to the | |
Uniform Lifetime Table using the decedent-IRA owners age in the year of death |
NOTE DO NOT PRINT THIS PAGE | |||||||||||||||||||||||
Singular | Possesive | Current Age | Assumed Age Death | ||||||||||||||||||||
IRA Owners First Name | O | Os | 59 | 59 | Amortize | ||||||||||||||||||
Surviving Spouses First Name | S | Ss | 57 | 66 | Lump-Sum | ||||||||||||||||||
Last Name | Client | ||||||||||||||||||||||
Oldest Beneficiarys Name | C | Cs | 60 | NA | |||||||||||||||||||
Youngest Beneficiarys Name | GC | GCs | 15 | NA | |||||||||||||||||||
First Year of Analysis Year of IRA Owners Death | 2007 | ||||||||||||||||||||||
Federal Income Tax Rate | 3500 | ||||||||||||||||||||||
Federal Capital Gains Rate | 1500 | ||||||||||||||||||||||
State Income Tax Rate | 500 | ||||||||||||||||||||||
State Capital Gains Rate | 500 | ||||||||||||||||||||||
IRA Balance | $ 1000000 | ||||||||||||||||||||||
Outside Assets Balance | $ - 0 | ||||||||||||||||||||||
Growth Rate | 800 | ||||||||||||||||||||||
Turnover on Growth | 5000 | ||||||||||||||||||||||
5-Year Payout Option (IRA Owner lt 70) | Lump-Sum | ||||||||||||||||||||||
Denotes mandatory inputs |