Definitions

Calculation notes

This calculator follows the SECURE Act of 2019 Required Minimum Distribution (RMD) rules. The SECURE Act of 2019 changed the age that RMDs must begin. If you were born on or after 7/1/1949 your first RMD will be for the year you turn 72. If you were born before 7/1/1949 the age remains 70 1/2. The SECURE Act did not change how the RMD is calculated; it only changed the age that they start. These rules took effect January 1^st, 2020.

The CARES Act of 2020 provided a temporary waiver of RMDs. 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.

If you have RMD questions, please consult with your own tax advisor regarding your specific situation. If you are under 75 and this RMD is from a 403(b) plan, you may not be required to take distributions on the balance in your account before 1987 until you reach age 75. You may need to contact a financial planner or CPA to determine if this exception applies to your RMD.

IMPORTANT! This calculator has been updated for the SECURE Act of 2019 and the CARES Act of 2020. The IRS, however, has not yet released procedures for their implementation. Future IRS published procedures may have an impact on enforcement and interpretation of these Acts.

Year of RMD

The year that the RMD is to be calculated. This is typically the current year. Change the year to calculate a previous year's RMD.

Account balance as of December 31^st of year prior to the distribution year

This is the fair market value of your account as of the close of business on December 31^st of the preceding year. For traditional IRAs, no adjustments are made for contributions or distributions after that date. If you made a transfer or rollover from one account on or before December 31^st of the preceding year and the funds were received by a new account in the next year, you will need to increase your December 31^st fair market value by the amount that was transferred or rolled over and not included in the December 31 value of either account.

Estimated rate of return

This is the expected rate of return on your account. This is only used to help project your future account balances (which of course will impact your required minimum distribution). The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31^st 2020, had an annual compounded rate of return of 13.8%, including reinvestment of dividends. From January 1, 1971 to December 31^st 2020, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.8% (source: www.spglobal.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances.

It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that investment funds and/or investment companies may charge.

Owner birthdate

The account owner's birth date. We use this to calculate your age as of December 31^st of the distribution year.

Is your sole beneficiary a spouse?

Check this box if your only beneficiary is your spouse. This can be a factor in determining whether the IRS uniform table must be used or if you are able to use the Joint Life Expectancy Table.

The IRS rules use a uniform table to calculate all life expectancies for determining a minimum distribution. The only exception to this rule is if the only beneficiary is a spouse and he or she is more than 10 years younger than the account owner. In this situation, the joint life expectancy table is used. The Joint Life expectancy table normally produces lower required distributions.

Beneficiary birth date

The beneficiary birth date is used to determine if you qualify for a joint life expectancy. The IRS rules use a uniform table to calculate all life expectancies for determining a minimum distribution. The only exception to this rule is if the only beneficiary is a spouse and he or she is more than 10 years younger than the account owner. In this situation, the joint life expectancy table is used. The Joint Life expectancy table normally produces lower required distributions.

Investment Products

Gold Investments

$20 SAINT GAUDENS

Metal: Gold
Class: Rare U.S Coins
Gross Weight :33.436g
Composition:90% gold, 10% copper
Content: 0.9675 oz.
Condition:BU Condition
Dates:1907-16; 1920-33

$20 LIBERTY

Metal: Gold
Class: Rare U.S Coins
Gross Weight :33.436g
Composition:90% gold, 10% copper
Content: 0.9675 oz. Gold
Condition:BU Condition
Dates:1849 – 1907

$10 LIBERTY

Metal: Gold
Class: Rare U.S Coins
Gross Weight :16.718g
Composition:90% gold, 10% copper
Content: 0.48375 oz.
Condition:BU Condition
Dates:1866 to 1907

$10 INDIAN

Metal: Gold
Class: Rare U.S Coins
Gross Weight :16.718g
Composition:90% gold, 10% copper
Content:0.48375 oz.
Condition:BU Condition

GOLD BRITISH SOVEREIGN

Metal: Gold
Class: Foreign Coins
Gross Weight :7.9881g
Composition:91.67%
Content: 0.2354 troy oz.
Diameter: 22.05mm
Condition:BU Condition

GERMAN 20 MARKS

Metal: Gold
Class: Foreign Coins
Gross Weight :7.9659 g
Composition:90% gold
Content: 0.2304 troy oz.
Condition:BU Condition
Dates:1866 to 1907

SWISS 20 FRANC

Metal: Gold
Class: Foreign Coins
Gross Weight :6.4516g
Composition:90% gold
Content: 0.1867 troy oz.
Condition:BU Condition
Dates:1866 to 1907

FRENCH 20 FRANC ANGEL

Metal: Gold
Class: Foreign Coins
Gross Weight :6.4516g
Composition:90% gold
Content: 0.1867 troy oz.Gold
Condition:BU Condition

FRENCH 20 FRANC ROOSTER

Metal: Gold
Class: Foreign Coins
Gross Weight :6.4516g
Composition:90% gold
Content: 0.1867 troy oz.Gold
Condition:BU Condition

NAPOLEON III 20 FRANC

Metal: Gold
Class: Foreign Coins
Gross Weight :6.4516g
Composition:90% gold
Content: 0.1867 troy oz.
Condition:BU Condition

ITALIAN 20 LIRE

Metal: Gold
Class: Foreign Coins
Gross Weight :6.4516g
Composition:90% gold
Content: 0.1867 troy oz.Gold
Condition:BU Condition

BELGIUM 20 FRANC

Metal: Gold
Class: Foreign Coins
Gross Weight :6.4516g
Composition:90% gold
Content: 0.1867 troy oz.Gold
Condition:BU Condition

GOLD AMERICAN EAGLE

Metal: Gold
Class: Bullion Coins
Gross Weight :1oz. Coin
Composition:91.67% gold, 3% silver, and 5.33% copper.
Content: 1.0909 troy oz (33.930 g)
Diameter:32.70 mm
Dates:1986–present

AMERICAN GOLD BUFFALO

Metal: Gold
Class: Bullion Coins
Gross Weight :1oz Coin
Composition:99.99% Gold
Dates:2006-present

GOLD CANADIAN MAPLE LEAF

Metal: Gold
Class: Bullion Coins
Gross Weight :1oz
Composition:0.9989 oz. Gold
Dates:1979-present

SOUTH AFRICAN KRUGGERANDS

Metal: Gold
Class: Bullion Coins
Gross Weight :1oz. Coin
Content: 91.67% Gold/li>
Dates:1967-Present

GOLD AUSTRIAN PHILHARMONIC

Metal: Gold
Class: Bullion Coins
Gross Weight :1oz Coin
Content: 99.99%
Dates:1989-present

GOLD AMERICAN EAGLE 4PC. PROOF SET

Metal: Gold
Class: Modern Proof
Dates:1986–present

$5 Liberty Gold Coin

The Liberty $5 Gold coin is most often found in poor conditions and because of that, it becomes especially important for collectors to carefully analyze the coin prior to purchase. With all this being said, these coins are incredibly popular regardless of their condition to most every collector.

$5 Indian Head Gold Coin

When the Indian Head $5 gold coin was first produced, it had the highest face value of any other coin. The $5 Indian gold coin was first minted in the early 1900s and did not even stay in circulation for 20 years which now makes this precious metal very rare. This gold coin now is over 100 years old and is a must to have for gold coin investors.

Gold Polar Bear & Cub

The gold Polar Bear coin is 99.99% gold and its pure content makes it suitable for IRA investment. The addition of gold to your IRA account not only provides portfolio diversification but a critical hedge against depreciating paper currencies.

Gold Gyrfalcon Coin

One side features falcon with Queen Elizabeth II on the other side The gold coin contains 1/4 oz of .9999 pure gold High-quality of gold in each coin IRA approved and 401K rollover product

Gold Arctic Fox

One side features the arctic fox with Queen Elizabeth II on the other side The gold coin contains 1/4 oz of .9999 pure gold High-quality of gold in each coin IRA approved and 401K rollover product

Silver Investments

MORGAN SILVER DOLLARS

Metal: Silver
Class: Bullion Coins
Gross Weight :1oz Coin
Content: 99.99%
Dates:1989-present

PEACE SIVER DOLLAR

Metal: Silver
Class: U.S Silver Coins
Gross Weight :26.73g
Composition:90% silver, 10% copper
Content: 1 oz coin
Condition:XF-AU Condition

HALF FRANKLIN HALF DOLLARS

Metal: Silver
Class: U.S Silver Coins
Gross Weight :12.05.g
Composition:90% silver, 10% copper
Content: .36169 oz coin
Condition:XF-AU Condition

SILVER WALKING LIBERTY HALF DOLLARS

Metal: Silver
Class: U.S Silver Coins
Gross Weight :12.05.g
Composition:90% silver, 10% copper
Content: .36169 oz coin
Condition:XF-AU Condition

SILVER PROOF AMERICAN EAGLE

Metal: Silver
Class: Modern Proof Coins
Gross Weight :1oz.
Composition:Silver – .999
Content: .999 oz.
Dates:1986–present

SILVER AMERICAN EAGLE

Metal: Silver
Class: U.S Silver Bullion Coins
Gross Weight :31.101g
Composition:99.93% silver, 0.07% copper
Content: 1 oz. Silver
Diameter:40.6mm
Dates:1986–present

Silver Polar Bear Coin

The silver coin features a polar bear walking through the snow on one side and Queen Elizabeth II on the other side The silver coin contains 1.5 oz of .999 pure silver High-quality of silver in each coin Produced by the Royal Canadian Mint IRA approved and 401K rollover product.

Silver Gyrfalcon Coin

One side features the falcon flying with Queen Elizabeth II on the other side
The silver coin contains 1.5 oz of .999 pure silver
High-quality of silver in each coin
Produced by the Royal Canadian Mint
IRA approved and 401K rollover product

America The Beautiful Collection

One side features the arctic fox with Queen Elizabeth II on the other side The silver coin contains 5 oz of .999 pure silver High-quality of silver in each coin Produced by the Royal Canadian Mint IRA approved and 401K rollover product.

Silver American Buffalo Coin

One side features a Native American with the American Buffalo on the other side
The silver coin contains 1 oz of .999 pure silver
High-quality of silver in each coin
IRA approved and 401K rollover product

Silver Britannia Coin

One side features the Standing Britannia with Queen Elizabeth on the other side
The silver coin contains 1 oz of .999 pure silver
High-quality of silver in each coin
IRA approved and 401K rollover product

Silver Austrian Philharmonic

One side features a polar bear and her cub with Queen Elizabeth II on the other side The silver coin contains 1 oz of .999 pure silver High-quality silver in each coin Produced by the Royal Canadian Mint IRA approved and 401K rollover product

Kennedy Silver Half Dollar Coin

One side features John F. Kennedy with the American Seal on the other side
Silver coins can be purchased in $10 increments as well
The silver coin contains 1 oz of 90% pure silver
High-quality of silver in each coin
Produced by the U.S. Mint

Franklin Silver Half Dollar Coin

One side features Benjamin Franklin with the Liberty Bell on the other side
The silver coin contains 1 oz of 90% pure silver
High-quality of silver in each coin
Produced by the U.S. Mint

Silver-Canadian-Polar-Bear-Cub-1.5-oz-front

Silver-Canadian-Polar-Bear-Cub-1.5-oz-back

Polar Bear & Cub Silver Dollar Coin

SILVER CANADIAN MAPLE LEAF

Metal: Silver
Class: Foreign Silver Coins
Gross Weight :1.000 troy oz.
Content: 0.9999 troy oz. 31.1000 g.
Diameter:1.595 in. 40.60mm
Dates:1986–present

Arctic Fox Silver Coin

One side features the arctic fox with Queen Elizabeth II on the other side
The silver coin contains 1.5 oz of .999 pure silver
High-quality of silver in each coin
Produced by the Royal Canadian Mint
IRA approved and 401K rollover product

Platinum Investments

Platinum American Eagle

Metal: Platinum
Dates: 2012

Platinum Maple Leaf

Metal Platinum
Dates: 2005

Palladium Investments

Maple Leaf Coin

Class: Palladium
Dales: 2012

Required Minimum Distribution (RMD) Inputs:

Projected required minimum distributions for 25.6 year life expectancy

Projected account balance over 25.6 year life expectancy

Definitions

Calculation notes

Year of RMD

Account balance as of December 31st of year prior to the distribution year

Estimated rate of return

Owner birthdate

Is your sole beneficiary a spouse?

Beneficiary birth date

Investment Products

Gold Investments

$20 SAINT GAUDENS

$20 LIBERTY

$10 LIBERTY

$10 INDIAN

GOLD BRITISH SOVEREIGN

GERMAN 20 MARKS

SWISS 20 FRANC

FRENCH 20 FRANC ANGEL

FRENCH 20 FRANC ROOSTER

NAPOLEON III 20 FRANC

ITALIAN 20 LIRE

BELGIUM 20 FRANC

GOLD AMERICAN EAGLE

AMERICAN GOLD BUFFALO

GOLD CANADIAN MAPLE LEAF

SOUTH AFRICAN KRUGGERANDS

GOLD AUSTRIAN PHILHARMONIC

GOLD AMERICAN EAGLE 4PC. PROOF SET

$5 Liberty Gold Coin

$5 Indian Head Gold Coin

Gold Polar Bear & Cub

Gold Gyrfalcon Coin

Gold Arctic Fox

Silver Investments

MORGAN SILVER DOLLARS

PEACE SIVER DOLLAR

HALF FRANKLIN HALF DOLLARS

SILVER WALKING LIBERTY HALF DOLLARS

SILVER PROOF AMERICAN EAGLE

SILVER AMERICAN EAGLE

Silver Polar Bear Coin

Silver Gyrfalcon Coin

America The Beautiful Collection

Silver American Buffalo Coin

Silver Britannia Coin

Silver Austrian Philharmonic

Kennedy Silver Half Dollar Coin

Franklin Silver Half Dollar Coin

Polar Bear & Cub Silver Dollar Coin

SILVER CANADIAN MAPLE LEAF

Arctic Fox Silver Coin

Platinum Investments

Platinum American Eagle

Platinum Maple Leaf

Palladium Investments

Maple Leaf Coin

Investment Product

Gold Charts & Graphs

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Account balance as of December 31^st of year prior to the distribution year