Consumer Software

Pension Distributions Calculator

The Pension Distributions Calculator calculates required minimum distributions under the 2002 final regulations (as well as the 2001 proposed regs and the pre-2001 rules) from qualified plans, IRAs and Roth IRAs.

The minimum distributions calculations handle both single and joint life expectancies cases as well as spousal and nonspousal beneficiaries. Under the old rules, life expectancies may be based on any allowable combination of the automatic refiguring of life expectancy or term certain methods. The hybrid method is handled. For nonspousal beneficiaries, the MDIB rules are included. Program users may also enter additional plan contributions and an expected plan growth percentage to show continued plan growth.

The program includes the ability to handle Roth IRA minimum distributions. Roth IRA required minimum distributions do not start until after the death of the IRA owner.

The Pension Distributions Calculator also handles pre-59½ distributions that avoid the 10% penalty. This feature provides you with three ways to calculate "substantially equal periodic payments" that need to be taken in order to avoid the 10% penalty that is imposed for taking funds out of your pension plans before age 59½. All three methods from Rev. Rul. 2002-62 are included as well as the calculation variations from the IRS' FAQs regarding Revenue Ruling 2002-62.

Single User License (Windows 95 or later): $149 plus shipping or $134 if downloaded (Click here to order and download now).

Click here for additional information on other software products which include minimum distributions calculations.