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For more information please see: <A HREF="http://www.dinkytown.net">http://www.dinkytown.net</A> --> <H1>Required Minimum Distribution (RMD)</H1><P>The IRS requires that you withdraw at least a minimum amount - known as a Required Minimum Distribution - from your retirement accounts annually, starting the year you turn age 70-1/2. Determining how much you are required to withdraw is an important issue in retirement planning. Use this calculator to determine your Required Minimum Distributions.<P><CENTER> <!--[if IE]><object name="calculator" classid="clsid:8AD9C840-044E-11D1-B3E9-00805F499D93" codebase="http://java.sun.com/update/1.6.0/jinstall-6-windows-i586.cab#Version=1,4,0,0" height="400" width="565"><param name="code" value="RetireDistrib" /><param name="archive" value="dinkytown.jar" /> <P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]--><![if !IE]><P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]></P><![if !IE]><APPLET name="calculator" code="RetireDistrib.class" align="baseline" WIDTH="565" HEIGHT="400" archive="dinkytown.jar"><![endif]> <PARAM name="SHOW_ONE_YEAR" value="TRUE"> <PARAM name="ACCOUNT_BALANCE" value="100000"> <PARAM name="YOUR_AGE" value="70"> <PARAM name="IS_BENEFICIARY_YOUR_SPOUSE" value="TRUE"> <PARAM name="BENEFICIARY_AGE" value="65"> <PARAM name="BIRTHDAY_AFTER_JUNE30" value="FALSE"> <PARAM name="RATE_OF_RETURN" value="0.0"> <!--CUSTOM PARAMETERS--> <PARAM name="TEXT_FOR_REPORT" value="<HTML> <HEAD> <TITLE>Required Minimum Distribution (RMD) for Current Year</TITLE> <META HTTP-EQUIV='Content-Type' CONTENT='text/html; charset=iso8859-1'> <META NAME='description' CONTENT='Financial Calculators, &QCPQ;1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net'> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <BODY bgcolor='#FFFFFF' LINK='#003399' VLINK='#666666' BGCOLOR='#FFFFFF'> <CENTER><table border=0 bgcolor='#000000' width=468 cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFDD' border=0 width=468 cellspacing=1 cellpadding=5><tr><td width='100%' align=center valign=middle><DIV class=large>Required Minimum Distribution (RMD)</DIV></td></tr></table></TD></TR></TABLE></CENTER> <H1>NOT_70_5 Your current required minimum distribution is MINIMUM_DISTRIBUTION. </H1>**GRAPH**<P>Your minimum distribution was based on a APPLICABLE_LIFE_EXPECTANCY year life expectancy. Minimum distributions are calculated by taking your account balance on December 31st of the preceding year and dividing it by your life expectancy. Of course, you have no required minimum distribution until you have reached an age of 70 1/2. MINIMUM_DISTRIBUTION_ALT <P><CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgColor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD COLSPAN=2><CENTER><B>Summary</B></CENTER></TD></TR> <TR><TD><b>Account balance as of 12/31 of year prior to distribution year </b> </TD><TD> ACCOUNT_BALANCE </TD></TR> <TR><TD><b>Your age as of 12/31 of distribution year </b> </TD><TD> YOUR_AGE </TD></TR> <TR><TD><b>Is your spouse your only beneficiary and more than ten years younger? </b> </TD><TD> IS_BENE_SPOUSE_WITH_AGE </TD></TR> <TR><TD><b>Is your birthday after June 30th? </b> </TD><TD> BIRTHDAY_AFTER_JUNE30 </TD></TR> <TR><TD valign=top><b>Life expectancy </b> </TD><TD valign=top> APPLICABLE_LIFE_EXPECTANCY years, calculated using the IRS USE_MDIB.</TD><TR><TD valign=top><b>Required minimum distribution (RMD) </b> </TD><TD valign=top> <b>MINIMUM_DISTRIBUTION</b><BR>MINIMUM_DISTRIBUTION_ALT </TD></TR> </TR> </TABLE></TD></TR></TABLE></CENTER> <BR> <HR SIZE=1> <CENTER><P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER><br><br> </BODY> </HTML> "> <H1><CENTER>This Financial Calculator requires SUN's Java"! Plug-in. If you see this message you will need to download SUN's Java"! Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing  Install ActiveX Control . </CENTER></H1> <OL> You can also get SUN's Java"! Plug-in here: <A href="http://www.java.com/en/download/download_the_latest.jsp" target=_blank><b>Get the Java"! Plug-in!</b></A> <P>For more information about this Plug-in please visit: <A href="http://www.dinkytown.net/money/sunjvm.html" target=_blank><b>SUN's Java"! Plug-in</b></A> <BR>For more information these financial calculators please visit: <A href="http://www.dinkytown.net" target=_blank><b>Financial Calculators from KJE Computer Solutions, LLC</b></A> </OL><!--[if IE]></OBJECT><![endif]--><![if !IE]></APPLET><![endif]> </CENTER><CENTER><SCRIPT>document.write(showbuttons())</SCRIPT> </CENTER> <H1>Definitions</H1><P><TABLE align='center' WIDTH="95%"><TR><TD><DL><!--DEFN_START--> <DT><B>Calculation notes</B><DD>This calculator follows the latest IRS rules and life expectancy tables, which were finalized on April 16th, 2002. These new IRS regulations were optional in 2002 but became mandatory as of January 1st, 2003. This calculator was last updated January 2010 to ensure compliance with IRS rules and regulations. If you have questions, please consult with your own tax advisor regarding your specific situation.<P> <DT><B>Account balance as of 12/31 of year prior to distribution year</B><DD>This is the fair market value of your account as of the close of business on December 31st of the preceding year. For IRAs, no adjustments are made for contributions or distributions after that date. If you made a transfer or rollover from one account on or before December 31st of the preceding year and the funds were received by a new account in the next year, you will need to increase your December 31st fair market value by the amount that was transferred or rolled over and not included in the December 31 value of either account.<P> <DT><B>Your age as of 12/31 of distribution year</B><DD>Use your age as of 12/31 for the year you are calculating the distribution.<P> <DT><B>Beneficiary age</B><DD>Use the age your beneficiary will turn on their birthday for the year you are receiving the distribution.<P> <DT><B>Is your birthday after June 30th?</B><DD>Check this box if your birthday is after June 30th. This is a factor in determining whether the IRS requires you to begin distributions when you are age 70 or 71. For calculating your first year's distribution, the IRS specifically states to use your age on your birthday in the year you turn 70 1/2. For example, if your birthday is between January 1st and June 30th, the first year of distribution would be at age 70. If your birthday is between July 1st and December 31st, the first year of distribution would be at age 71.<P> <DT><B>Is your spouse your only beneficiary?</B><DD>Check this box if your only beneficiary is your spouse. This can be a factor in determining whether the IRS uniform table must be used or if you are able to use the Joint Life Expectancy Table. <P>The new IRS rules use a uniform table to calculate all life expectancies for determining a minimum distribution. The only exception to this rule is if the only beneficiary is a spouse and he or she is more than 10 years younger than the account owner. In this situation, the joint life expectancy table is used. The Joint Life expectancy table normally produces lower required distributions. <!--DEFN_END--></DL></TD></TR></TABLE> <BR> <HR SIZE=1> <CENTER> <P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER> <BR> </BODY> </HTML>