Required Minimum Distributions (RMDs) will eventually apply to anyone with a tax-deferred retirement account, such as a Traditional or Rollover IRA, a 401(k), or a 403(b). These taxable distributions, which currently begin at age 73, increase each year based on an IRS factor tied to age and each account’s value. It’s important to estimate the size of your RMD and its impact on your budget and taxes. This free calculator will show you possible RMD amounts over time and help you evaluate options, such as spending down the account early, converting to a Roth tax-free account, or other strategies. RMDs are covered in “What Would Dad Do? Volume 2 - The Middle Years” and “Volume 3 - The Later Years”.

Requires the Excel, LibreOffice, or OpenOffice application. The spreadsheet-formatted files are provided at the download link emailed after checkout.