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.
Three small pop-up windows handle desired distributions, income tax, and contributions. When you enter AGI, the program automatically adds pension distributions and conversion amounts to it and then automatically calculates the increase in tax. The program automatically adjusts future income tax rates based on your entry for the Inflation Rate. All calculation results may be adjusted for inflation by checking one box. The Cumulative After-Tax Distributions analysis is easily followed.