EXAMPLE 1
Grandchild as Beneficiary of IRASummary of Distributions
Calculating Minimum Distributions for IRA
2006
Current Year:
2006
Year of First Required Distribution:
$2,000,000.00
12/31/2005 Plan Balance:
7.0000%
Expected Plan Growth:
Distributions Taken at Beginning of Each Year
Yes: Grandchild
Is there a Designated Beneficiary?:
1/1/1935
Owner's Birth Date:
1/1/1996
Grandchild's Birth Date:
No
Grandchild is Spouse?:
2005
Assumed Death of Owner:
Never
Assumed Death of Beneficiary:
| Year | Age | Balance | Life Exp. | Distribution | Distributed |
| 2006 | 10 | $2,000,000.00 | 72.8 | $27,472.53 | $27,472.53 |
| 2007 | 11 | $2,110,604.39 | 71.8 | $29,395.60 | $56,868.13 |
| 2008 | 12 | $2,226,893.41 | 70.8 | $31,453.30 | $88,321.43 |
| 2009 | 13 | $2,349,120.92 | 69.8 | $33,655.03 | $121,976.46 |
| 2010 | 14 | $2,477,548.50 | 68.8 | $36,010.88 | $157,987.34 |
| 2011 | 15 | $2,612,445.25 | 67.8 | $38,531.64 | $196,518.98 |
| 2012 | 16 | $2,754,087.56 | 66.8 | $41,228.86 | $237,747.84 |
| 2013 | 17 | $2,902,758.81 | 65.8 | $44,114.88 | $281,862.72 |
| 2014 | 18 | $3,058,749.01 | 64.8 | $47,202.92 | $329,065.64 |
| 2015 | 19 | $3,222,354.32 | 63.8 | $50,507.12 | $379,572.76 |
| 2016 | 20 | $3,393,876.50 | 62.8 | $54,042.62 | $433,615.38 |
| 2017 | 21 | $3,573,622.25 | 61.8 | $57,825.60 | $491,440.98 |
| 2018 | 22 | $3,761,902.42 | 60.8 | $61,873.40 | $553,314.38 |
| 2019 | 23 | $3,959,031.05 | 59.8 | $66,204.53 | $619,518.91 |
| 2020 | 24 | $4,165,324.38 | 58.8 | $70,838.85 | $690,357.76 |
| 2021 | 25 | $4,381,099.52 | 57.8 | $75,797.57 | $766,155.33 |
| 2022 | 26 | $4,606,673.09 | 56.8 | $81,103.40 | $847,258.73 |
| 2023 | 27 | $4,842,359.57 | 55.8 | $86,780.64 | $934,039.37 |
| 2024 | 28 | $5,088,469.46 | 54.8 | $92,855.28 | $1,026,894.65 |
| 2025 | 29 | $5,345,307.17 | 53.8 | $99,355.15 | $1,126,249.80 |
| 2026 | 30 | $5,613,168.66 | 52.8 | $106,310.01 | $1,232,559.81 |
| 2027 | 31 | $5,892,338.76 | 51.8 | $113,751.71 | $1,346,311.52 |
| 2028 | 32 | $6,183,088.14 | 50.8 | $121,714.33 | $1,468,025.85 |
| 2029 | 33 | $6,485,669.98 | 49.8 | $130,234.34 | $1,598,260.19 |
| 2030 | 34 | $6,800,316.13 | 48.8 | $139,350.74 | $1,737,610.93 |
| 2031 | 35 | $7,127,232.97 | 47.8 | $149,105.29 | $1,886,716.22 |
| 2032 | 36 | $7,466,596.62 | 46.8 | $159,542.66 | $2,046,258.88 |
| 2033 | 37 | $7,818,547.74 | 45.8 | $170,710.65 | $2,216,969.53 |
| 2034 | 38 | $8,183,185.69 | 44.8 | $182,660.39 | $2,399,629.92 |
| 2035 | 39 | $8,560,562.07 | 43.8 | $195,446.62 | $2,595,076.54 |
| 2036 | 40 | $8,950,673.53 | 42.8 | $209,127.89 | $2,804,204.43 |
| 2037 | 41 | $9,353,453.83 | 41.8 | $223,766.84 | $3,027,971.27 |
| 2038 | 42 | $9,768,765.08 | 40.8 | $239,430.52 | $3,267,401.79 |
| 2039 | 43 | $10,196,387.98 | 39.8 | $256,190.65 | $3,523,592.40 |
| SUMMARY OF DISTRIBUTION | |||||
| 2040 | 44 | $10,636,011.14 | 38.8 | $274,124.00 | $3,797,716.44 |
| 2041 | 45 | $11,087,219.24 | 37.8 | $293,312.68 | $4,091,029.12 |
| 2042 | 46 | $11,549,480.02 | 36.8 | $313,844.57 | $4,404,873.69 |
| 2043 | 47 | $12,022,129.93 | 35.8 | $335,813.69 | $4,740,687.38 |
| 2044 | 48 | $12,504,358.38 | 34.8 | $359,320.64 | $5,100,008.02 |
| 2045 | 49 | $12,995,190.38 | 33.8 | $384,473.09 | $5,484,481.11 |
| 2046 | 50 | $13,493,467.50 | 32.8 | $411,386.20 | $5,895,867.31 |
| 2047 | 51 | $13,997,826.99 | 31.8 | $440,183.24 | $6,336,050.55 |
| 2048 | 52 | $14,506,678.81 | 30.8 | $470,996.07 | $6,807,046.62 |
| 2049 | 53 | $15,018,180.53 | 29.8 | $503,965.79 | $7,311,012.41 |
| 2050 | 54 | $15,530,209.77 | 28.8 | $539,243.39 | $7,850,255.80 |
| 2051 | 55 | $16,040,334.03 | 27.8 | $576,990.43 | $8,427,246.23 |
| 2052 | 56 | $16,545,777.65 | 26.8 | $617,379.76 | $9,044,625.99 |
| 2053 | 57 | $17,043,385.74 | 25.8 | $660,596.35 | $9,705,222.34 |
| 2054 | 58 | $17,529,584.65 | 24.8 | $706,838.09 | $10,412,060.43 |
| 2055 | 59 | $18,000,338.82 | 23.8 | $756,316.76 | $11,168,377.19 |
| 2056 | 60 | $18,451,103.60 | 22.8 | $809,258.93 | $11,977,636.12 |
| 2057 | 61 | $18,876,773.80 | 21.8 | $865,907.06 | $12,843,543.18 |
| 2058 | 62 | $19,271,627.41 | 20.8 | $926,520.55 | $13,770,063.73 |
| 2059 | 63 | $19,629,264.34 | 19.8 | $991,376.99 | $14,761,440.72 |
| 2060 | 64 | $19,942,539.46 | 18.8 | $1,060,773.38 | $15,822,214.10 |
| 2061 | 65 | $20,203,489.71 | 17.8 | $1,135,027.51 | $16,957,241.61 |
| 2062 | 66 | $20,403,254.55 | 16.8 | $1,214,479.44 | $18,171,721.05 |
| 2063 | 67 | $20,531,989.37 | 15.8 | $1,299,493.00 | $19,471,214.05 |
| 2064 | 68 | $20,578,771.12 | 14.8 | $1,390,457.51 | $20,861,671.56 |
| 2065 | 69 | $20,531,495.56 | 13.8 | $1,487,789.53 | $22,349,461.09 |
| 2066 | 70 | $20,376,765.45 | 12.8 | $1,591,934.80 | $23,941,395.89 |
| 2067 | 71 | $20,099,768.80 | 11.8 | $1,703,370.24 | $25,644,766.13 |
| 2068 | 72 | $19,684,146.46 | 10.8 | $1,822,606.15 | $27,467,372.28 |
| 2069 | 73 | $19,111,848.13 | 9.8 | $1,950,188.58 | $29,417,560.86 |
| 2070 | 74 | $18,362,975.72 | 8.8 | $2,086,701.79 | $31,504,262.65 |
| 2071 | 75 | $17,415,613.11 | 7.8 | $2,232,770.91 | $33,737,033.56 |
| 2072 | 76 | $16,245,641.15 | 6.8 | $2,389,064.88 | $36,126,098.44 |
| 2073 | 77 | $14,826,536.61 | 5.8 | $2,556,299.42 | $38,682,397.86 |
| 2074 | 78 | $13,129,153.79 | 4.8 | $2,735,240.37 | $41,417,638.23 |
| 2075 | 79 | $11,121,487.36 | 3.8 | $2,926,707.20 | $44,344,345.43 |
| 2076 | 80 | $8,768,414.77 | 2.8 | $3,131,576.70 | $47,475,922.13 |
| 2077 | 81 | $6,031,416.73 | 1.8 | $3,350,787.07 | $50,826,709.20 |
| 2078 | 82 | $2,868,273.74 | 0.8 | $2,868,273.74 | $53,694,982.94 |
| 2079 | 83 | $0.00 | 0.0 | 0.0 | $53,694,982.94 |
| Total | $53,694,982.94 | ||||
EXAMPLE 2
Child as Beneficiary of IRASummary of Distributions
Calculating Minimum Distributions for IRA
2006
Current Year:
2006
Year of First Required Distribution:
$2,000,000.00
12/31/2005 Plan Balance:
7.0000%
Expected Plan Growth:
Distributions Taken at Beginning of Each Year
Yes: Child
Is there a Designated Beneficiary?:
1/1/1935
Owner's Birth Date:
1/1/1966
Child's Birth Date:
No
Child is Spouse?:
2005
Assumed Death of Owner:
Never
Assumed Death of Beneficiary:
| Year | Age | Balance | Life Exp. | Total Distribution | Distributed |
| 2006 | 40 | $2,000,000.00 | 43.6 | $45,871.56 | $45,871.56 |
| 2007 | 41 | $2,090,917.43 | 42.6 | $49,082.57 | $94,954.13 |
| 2008 | 42 | $2,184,763.30 | 41.6 | $52,518.35 | $147,472.48 |
| 2009 | 43 | $2,281,502.10 | 40.6 | $56,194.63 | $203,667.11 |
| 2010 | 44 | $2,381,078.99 | 39.6 | $60,128.26 | $263,795.37 |
| 2011 | 45 | $2,483,417.28 | 38.6 | $64,337.24 | $328,132.61 |
| 2012 | 46 | $2,588,415.64 | 37.6 | $68,840.84 | $396,973.45 |
| 2013 | 47 | $2,695,945.04 | 36.6 | $73,659.70 | $470,633.15 |
| 2014 | 48 | $2,805,845.31 | 35.6 | $78,815.88 | $549,449.03 |
| 2015 | 49 | $2,917,921.49 | 34.6 | $84,332.99 | $633,782.02 |
| 2016 | 50 | $3,031,939.70 | 33.6 | $90,236.30 | $724,018.32 |
| 2017 | 51 | $3,147,622.64 | 32.6 | $96,552.84 | $820,571.16 |
| 2018 | 52 | $3,264,644.69 | 31.6 | $103,311.54 | $923,882.70 |
| 2019 | 53 | $3,382,626.47 | 30.6 | $110,543.35 | $1,034,426.05 |
| 2020 | 54 | $3,501,128.94 | 29.6 | $118,281.38 | $1,152,707.43 |
| 2021 | 55 | $3,619,646.89 | 28.6 | $126,561.08 | $1,279,268.51 |
| 2022 | 56 | $3,737,601.82 | 27.6 | $135,420.36 | $1,414,688.87 |
| 2023 | 57 | $3,854,334.16 | 26.6 | $144,899.78 | $1,559,588.65 |
| 2024 | 58 | $3,969,094.79 | 25.6 | $155,042.77 | $1,714,631.42 |
| 2025 | 59 | $4,081,035.66 | 24.6 | $165,895.76 | $1,880,527.18 |
| 2026 | 60 | $4,189,199.69 | 23.6 | $177,508.46 | $2,058,035.64 |
| 2027 | 61 | $4,292,509.62 | 22.6 | $189,934.05 | $2,247,969.69 |
| 2028 | 62 | $4,389,755.86 | 21.6 | $203,229.44 | $2,451,199.13 |
| 2029 | 63 | $4,479,583.27 | 20.6 | $217,455.50 | $2,668,654.63 |
| 2030 | 64 | $4,560,476.71 | 19.6 | $232,677.38 | $2,901,332.01 |
| 2031 | 65 | $4,630,745.28 | 18.6 | $248,964.80 | $3,150,296.81 |
| 2032 | 66 | $4,688,505.11 | 17.6 | $266,392.34 | $3,416,689.15 |
| 2033 | 67 | $4,731,660.66 | 16.6 | $285,039.80 | $3,701,728.95 |
| 2034 | 68 | $4,757,884.32 | 15.6 | $304,992.58 | $4,006,721.53 |
| 2035 | 69 | $4,764,594.16 | 14.6 | $326,342.07 | $4,333,063.60 |
| 2036 | 70 | $4,748,929.74 | 13.6 | $349,186.01 | $4,682,249.61 |
| 2037 | 71 | $4,707,725.79 | 12.6 | $373,629.03 | $5,055,878.64 |
| 2038 | 72 | $4,637,483.53 | 11.6 | $399,783.06 | $5,455,661.70 |
| 2039 | 73 | $4,534,339.50 | 10.6 | $427,767.88 | $5,883,429.58 |
| SUMMARY OF DISTRIBUTION | |||||
| Year | Age | Balance | Life Exp. | Total Distribution | Distributed |
| 2040 | 74 | $4,394,031.63 | 9.6 | $457,711.63 | $6,341,141.21 |
| 2041 | 75 | $4,211,862.40 | 8.6 | $489,751.44 | $6,830,892.65 |
| 2042 | 76 | $3,982,658.73 | 7.6 | $524,034.04 | $7,354,926.69 |
| 2043 | 77 | $3,700,728.42 | 6.6 | $560,716.43 | $7,915,643.12 |
| 2044 | 78 | $3,359,812.83 | 5.6 | $599,966.58 | $8,515,609.70 |
| 2045 | 79 | $2,953,035.49 | 4.6 | $641,964.24 | $9,157,573.94 |
| 2046 | 80 | $2,472,846.24 | 3.6 | $686,901.73 | $9,844,475.67 |
| 2047 | 81 | $1,910,960.63 | 2.6 | $734,984.86 | $10,579,460.53 |
| 2048 | 82 | $1,258,294.07 | 1.6 | $786,433.79 | $11,365,894.32 |
| 2049 | 83 | $504,890.50 | 0.6 | $504,890.50 | $11,870,784.82 |
| 2050 | 84 | $0.00 | 0.0 | 0.00 | $11,870,784.82 |
| Total | $11,870,784.82 | ||||
Today is Wednesday February 22, 2012