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RMD & Stretch IRA Calculator
The purpose of the RMD & Stretch IRA Calculator is to help users stretch out their retirement account payments as far as possible. People who use this tool don't need all of their IRA funds to cover their living expenses each month. To use this tool you will need to enter the owner's birth date, the owner's age at death, the previous year end value, the owner's age at year end, the annual return rate, the retirement plan type, the beneficiary's birth date, the beneficiary's age at death, and if the beneficiary is the owner's spouse. This calculator will look at this information and determine the best withdrawal plan possible to make the IRA account last as long as possible.
RMD & Stretch IRA Calculator Overview
When you reach 70 ½ years of age the IRS requires that you start making minimum withdrawals from your retirement accounts. If you have a lot of money saved for your retirement then you really don't need to worry about making this money last. However, if you need to stretch your retirement savings thin then you need to learn how to stretch your payments out as far as possible. On the other hand, if you have a variety of retirement income sources you may want to stretch out your IRA distributions so that it can be passed down to your spouse or children after you pass away. One tool that can help you plan for these scenarios is our RMD & Stretch IRA Calculator.