Calculations
The columns below are displayed when Traditional Analysis is the Illustration Type (see Data Input). The columns for Quick Comparison are discussed below.
Traditional Comparison
Owner
The owner of the account for that year. The account owner will either be Client or Beneficiary.
Year
The year for the hypothetical calculation.
Client's Age
The client's age at the end of the year. It will be blank after the client's life expectancy.
Beneficiary's Age
The beneficiary's age at the end of the year.
Annual Deposit
The total annual deposits, if any.
Owner
This column is included if there is a beneficiary included in the illustration. If the illustration includes a beneficiary living longer than the client, the column will show "Beneficiary" when they become the owner of the account.
RMD Factor
The RMD factor for year. The balance at the end of the previous year is divided by the factor to determine the RMD for the current year.
BOY Balance
The balance at the beginning of the year (BOY).
Interest Earned
The interest earned at the end of the year.
RMD
The required annual minimum distribution.
EOY Balance
The balance at the end of the year (EOY).
Quick Comparison
When using the Quick Comparison, the grid headers provide columns for the Traditional RMD and the Customized Distributions options.