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If you've inherited an IRA, depending on your beneficiary classification, you may be required to take annual withdrawals—also known as required minimum distributions (RMDs). Use our Inherited IRA calculator to find out if, when, and how much you may need to take, depending on your age.
Use our RMD calculator to find out the required minimum distribution for your IRA. Plus review your projected RMDs over 10 years and over your lifetime.
If inherited assets have been transferred into an inherited IRA in your name, this calculator may help determine how much may be required to withdraw this year from the inherited account.
A required minimum distribution (RMD) is the minimum amount that a retirement plan account owner must withdraw on an annual basis beginning in the year he or she reaches age 32 or, if later, the year in which he or she retires.
If an entity is inheriting an IRA, then all of the inherited assets must be distributed within five years, unless the original owner died on or after April 1st of the year following the year in which the they reached RMD Age.
1 maj 2024 · Assuming you don't need all the money at once, you could transfer the funds into an inherited IRA held in your name, sometimes referred to as a "stretch" IRA. This option enables you to take annual RMDs over many years, allowing the bulk of the money more time to potentially grow tax-deferred.
Inherited IRA RMD Calculator. Estimate your Inherited IRA required minimum distribution. Ready to run some numbers? Unsure which IRA fits your needs? Answer a few simple questions and our Help You Decide tool will tell you which IRA may be best for your needs. Get started. Take the next step. Open a Schwab IRA today.
