2006 RMD Calculator
Use
this RMD calculator to calculate your required minimum distribution for 2006.The
IRS requires those age 70.5 and older to take out a "required minimum
distribution" or "RMD" from their retirement accounts every
year. The minimum changes each year depending on your age. Failure
to take out your RMD may result in a 50% tax penalty (on
the difference between the RMD and the amount the you actually withdrew).
Rather than pour through the
IRS tables and jargon to calculate your RMD for this year, simply use the 2006 RMD
calculator I created below. This calculator has been thoroughly tested,
though I advise you to use an accountant for your taxes (note:
Joint filers with larger than 10 year gaps between their ages and beneficiaries
may end up taking out more than needed with this calculator and should refer to
the tables in Publication 590).
2006 RMD Calculator
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Related links:
Mutual Fund Taxes
2003 RMD Calculator
2004 RMD Calculator
2005 RMD Calculator
Calculating NAV
Calculate Your
Mutual Fund Cost Basis
Retirement Plan Information
Investment Calculators
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