RMD data input prompts are each discussed below:
Client's DOB
Enter the client's date of birth.
Retirement Age
This data is used for the hypothetical cash flow analysis. If your client is younger than the proposed retirement date, the client's proposed retirement date is needed.
Life Expectancy (years)
The default value is from the IRS life expectancy tables. If a 'Reset' button (
) appears on the right of the editor, a manual value was entered. To reset it to the IRS tables, click on the 'Reset' button.
Has Beneficiary
Used for illustrating the hypothetical cash flow analysis to the beneficiary.
Beneficiary's DOB
Enter the date of birth of the named beneficiary.
Beneficiary is Spouse
Check if the beneficiary is the spouse.
Show Bene's RMD Values
Determines if the beneficiary is included in the illustration.
Beneficiary's Life Expectancy (years)
Similar to the client's life expectancy prompt: the default value is from the IRS life expectancy tables. If a 'Reset' button () appears on the right of the editor, a manual value was entered. To reset it to the IRS tables, click on the 'Reset' button.
Account Information
Account is a 403(b) Qualified Plan
Check if the account is a 403(b) account, and then the 12/31/1986 balance can be documented.
Account Balance as of 12/31/1986
Enabled if the prior input Account is a 403(b) Qualified Plan is checked.
Balances as of 12/31/[Last Year]
Enter the balance on the last day of the previous year.
Total Year to Date Distributions
Enter the total year to date distributions.
# of Deposits per Year (until the year turning 70½)
If deposits are ongoing, enter the ongoing deposits.
Deposit Value
Enter the value of the ongoing deposits, if any.
Pre-Retirement Interest Rate
Enter the pre-retirement interest rate.
Post-Retirement Interest Rate
Enter the interest rate after retirement.
Deposit Increase Method
Enter the method for increasing deposits. The options are None, Annually by %, and Annually by $.
Deposit Increase
Enter the value corresponding to the Deposit Increase Method selected.
