DINKYTOWN.NET Financial Calculators
DINKYTOWN.NET Financial CalculatorsThe SECURE Act of 2019 was signed into law on December 20th, 2019. The CARES Act of 2020 was signed into law on March 27, 2020. New Life Expectancy tables for RMDs went into effect in 2022. Are your calculators ready? The best, most up to date, and easiest to use financial calculators. Anywhere.
 RMD & Stretch IRA Calculator | Use this calculator to help determine how you can stretch out your retirement plan distributions for as long as possible. |
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| Required Minimum Distribution (RMD) | Use this calculator to determine your Required Minimum Distributions (RMD) as an account owner of a retirement account. This financial calculator will also look at potential future year's distribution requirements. |
| Required Minimum Distribution (RMD) - Current Year | Use this calculator to determine your Required Minimum Distributions (RMD) as an account owner of a retirement account for the current year. |
| Required Minimum Distribution (RMD) - Future Projection | Use this calculator to create a projection of your future Required Minimum Distributions (RMD) as an owner of a qualified retirement account. |
| Required Minimum Distribution (RMD) - with Stretch Projection | Use this calculator to create a stretch projection for Required Minimum Distributions (RMD) of a qualified retirement account. |
| Beneficiary Required Minimum Distributions (RMD) | Use this calculator to determine your Required Minimum Distributions (RMD) as a beneficiary of a retirement account. |
| Beneficiary Required Minimum Distributions (RMD) - Designated Eligible Beneficiary | Use this calculator to create a projection of your future Required Minimum Distributions (RMD) as a "Designated Eligible Beneficiary" of a qualified retirement account. |
| Beneficiary Required Minimum Distributions (RMD) - Spouse Inherited IRA | Use this calculator to create a future projection and Required Minimum Distributions (RMD) as a spouse beneficiary electing not to treat the inherited retirement account as his/her own. |
| 457 Plan Roth Conversion with Distributions Calculator | Use this calculator to help determine if converting your 457 plan account to a 457 Roth plan account is a good move for you. |
| Roth 401(k) Conversion Calculator | This calculator will show the advantage, if any, of converting your pre-tax 401(k) to a Roth 401(k). |
| Roth IRA Conversion with Distributions Calculator | Use this calculator to help determine how you can stretch out your retirement plan distributions for as long as possible. |
The calculators use the existing Annuity 2003 Mortality Tables through 2021. For 2022 and later, all calculators have been updated to automatically use the new Life Expectancy and Distribution tables. The new tables, which were finalized by the IRS in November of 2020, replace the older annuity factors and life expectancies as of January 1, 2022.
The Act changed the age that RMDs must begin and for most account owners. For account owners born after 6/30/1949 RMDs are required now to start at age 72. Account owners born on 6/30/1949 or earlier continue to use 70 1/2 as their start age. This also means that if RMDs have already started for an account, you must continue the distributions even if you are not 72.
Generally, for account owners and their spouses, the SECURE Act did not change how the RMD is calculated; it only changed the age that they start.
Allowing the beneficiary of a retirement account to stretch out distributions over their life time has been significantly impacted by the SECURE Act of 2019. Previously, all beneficiaries had this option. With the new law only designated eligible beneficiaries are allowed this type of minimum distribution. If you are not a designated eligible beneficiary, you have until 12/31 of the year that contains the 10th anniversary of the original account owner's death to withdraw all funds from the account. There are no minimum withdrawals during this 10 year period, but all funds must be withdrawn before the deadline to avoid significant penalties. Designated eligible beneficiaries are a surviving spouse, a child of the account owner (but generally only until they are 18, at that point the 10 year rule begins) or a chronically ill individual. For more information please see Modification of Required Distribution Rules for Designated Beneficiaries.
The RMD waiver is for retirement plans and accounts for 2020. This includes direct contribution plans such as 401k, 403b, 457b plans and IRAs. RMDs are also waived for IRA owners who turned 70 1/2 in 2019 and were required to take an RMD by April 1, 2020 and have not yet done so. For more information please see Waiver of Required Minimum Distribution for 2020.
Where the original account owner died prior to 2020 and prior to their required RMD begin date, the five year distribution period has been extended to six. For more information please see Waiver of Required Minimum Distribution for 2020.
IMPORTANT! The calculators have been updated for the SECURE Act of 2019 and the CARES Act of 2020. However, while the new laws are effective as of January 1st, 2020 and March 27th, 2020 respectively, the IRS has not released procedures for its implementation. Future IRS published procedures may have an impact on enforcement and interpretation of these Acts.