Instructions for Using the Inherited IRA RMD Calculator

To use the inherited IRA RMD calculator, first enter the value of the inherited IRA account. Then, specify the age of the original account holder at the time of their passing. After that, enter your age as the beneficiary. Finally, select the year you plan to begin taking distributions. The calculator will then provide your required minimum distribution for each year.

Inherited IRA RMD Calculator 10-Year Rule

The inherited IRA RMD calculator for the 10-year rule helps beneficiaries determine how much they need to withdraw each year. Under the 10-year rule, beneficiaries are required to deplete the account within 10 years of the original owner’s death. This calculator simplifies the process by letting you know the minimum amount you must withdraw annually.

FAQ

What is an inherited IRA?

An inherited IRA is a retirement account received by a beneficiary after the original account holder’s death.

How does the 10-year rule affect inherited IRAs?

The 10-year rule requires that the inherited IRA be fully withdrawn within 10 years of the original account holder’s passing.

Can I withdraw more than the required minimum distribution?

Yes, beneficiaries can withdraw more than the required minimum, but they must meet the minimum each year to avoid penalties.