Account Information
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💡 Qualified Charitable Distribution (QCD)

Direct up to $105,000 to charity to satisfy RMD without increasing taxable income (age 70½+)

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Tax Savings
$0
Effective RMD
$0
Your RMD Summary
This Year's Gross RMD
$0
Required withdrawal
After-Tax Cash
$0
What you keep
10-Year Total Taxes
$0
Cumulative tax burden
Balance in 10 Years
$0
Projected account value
Account Balance Over Time
Annual RMD Amounts
10-Year RMD Projection
Year Age Balance (Dec 31) Life Factor Gross RMD Tax Paid Net Cash
Sensitivity Analysis

How different return rates affect your 10-year outlook:

Annual Return Ending Balance Total RMDs Total Taxes Net Received

📚 RMD Basics

  • Age 73+: RMDs required for traditional IRAs and 401(k)s (born 1951-1959)
  • Age 75+: For those born 1960 or later (under SECURE 2.0)
  • Penalty: 25% excise tax on amounts not withdrawn (reduced to 10% if corrected)
  • Deadline: December 31 each year (April 1 for first RMD only)
  • Roth IRAs: No RMDs during owner's lifetime
💡 Pro Tip:

Your first RMD can be delayed until April 1 of the following year, but you'll need to take two RMDs that year.

🎯 Tax Optimization Strategies

  • QCDs: Direct up to $105,000 to charity tax-free (age 70½+)
  • Roth Conversions: Convert before RMDs begin to reduce future distributions
  • Tax Bracket Management: Take more in low-income years
  • Withholding: Use RMD for quarterly tax payments
  • IRMAA Planning: Manage income to avoid Medicare surcharges

💑 Spouse Exception

  • Use Joint Life Expectancy Table if spouse is sole beneficiary
  • Spouse must be 10+ years younger
  • Results in lower RMD (higher life factor)
  • Can save significant taxes over time
💡 Pro Tip:

If your spouse is your sole beneficiary and significantly younger, using the Joint Life Expectancy Table can reduce your RMD by 20-40%.

⚠️ Common Mistakes to Avoid

  • Missing the December 31 deadline
  • Forgetting about inherited IRAs
  • Not aggregating multiple accounts
  • Using wrong life expectancy table
  • Withdrawing from wrong account type

🚀 Advanced Strategies

  • Still Working: May delay RMDs from current employer's 401(k)
  • 70½ Strategy: Start QCDs before RMDs begin
  • NUA Strategy: Special treatment for company stock
  • Roth 401(k) Rollover: Move to Roth IRA to avoid RMDs