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SeniorPlan

The Senior Planning APP is provided for seniors very near retirement or already in retirement. The question "w...

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The Senior Planning APP is provided for seniors very near retirement or already in retirement. The question "will my funds last until life expectancy" is calculated from current age to life expectancy based on user input. The available user input values are shown below in the screen shot. It is very easy to alter the annual % increase for inflation or return on investment and see the impact of the recalculated result.

The RMD (required minimum distribution) function is for individuals at age 70 1/2 or above required by the IRS to take a distribution from their tax deferred accounts (401K, traditional IRA, 403B etc.). The RMD calc function calculates the required distribution based on current age and the most popular table III). Table III is used by unmarried owners, married owners whose spouses are not more than 10 years younger and married owners whose spouses are not the sole beneficiaries of their IRA's (IRS publication 590).

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5

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174.7 KB

Last update

Dec. 14, 2013

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