Link for an online calculator to calculate substantial equal periodic payments ?????
Because inherited IRAs (due to the SECURE Act) must be withdrawn in 10 years, can someone point me to a link for an online calculator to calculate substantial equal periodic payments for the next 10 years from an inherited IRA with a reasonable (say 8% per year) return on the investment
Because of the 8% return on investments, it is not as simple as divided the initial amount by 10.
Permalink Submitted by Alan - IRA critic on Sat, 2021-03-20 19:18
You could use any mortgage amortization calculator like the one below, and mutiply the monthly result by 12. This would assume monthly payments or distributions in your case, so it would be a little off if you take your distribution early or late in the year. If you want to use the year of death tax space for your distributions, then enter 11 years in the calculator, but only enter 10 if you must complete the year of death RMD for the decedent.
Amortization Schedule Calculator | Bankrate
But if you prefer to more accurately reflect investment results annual deviations, simply divide the balance by 10 the first year, by 9 the second year, etc etc.