For Ordinary IRAs, this includes single and joint life expectancies with both the automatic refiguring of life expectancies and term certain methods. Spousal and nonspousal beneficiaries are handled with the MDIB rules for non-spousal beneficiaries handled automatically. For Roth IRAs, required minimum distributions are properly based on the required single life expectancy term certain method. For spousal beneficiaries, a spousal rollover is automatically handled. As complicated as all this sounds, the program easily handles these issues with simple selections.
Most input is performed on one input screen.
Two small pop-up windows handle desired distributions and income tax rates. A built-in income tax calculator calculates appropriate income tax rates. All calculation results may be adjusted for inflation by checking one box. If you have version 4.40 or later of the Roth IRA Conversion Calculator, you may upgrade to version 4.63 with the Patch File shown below. For Patch programs, download the file and run it.