Products August 10, 2002
Firm Dusts off RMD Calculators
October 8, 2002 (PLANSPONSOR.com) - Still River
Retirement Planning Software, Inc. has updated its desktop
and web-based calculators for required minimum distributions
from IRAs and other defined contribution plans, the company
announced.
Reported by Fred Schneyer
The updated calculators reflect new rules and new mortality tables issued by the Internal Revenue service last week.
In particular, the IRS has provided new guidance on what account balance may be used in performing 72(t) calculations based on Required Minimum Distribution rules, and on what interest rates may be used in the amortization and annuitization methods
The Still River systems will calculate using the old rules and tables for distributions made until December 31, 2002, and the new rules and tables for later distributions, the company said.
For more information, go to Still River’s web site .