Calculators

Please try our wide variety of interactive financial problem solvers. Simply enter your criteria and you'll get your questions answered with dynamic graphs and personalized reports.

What Is My Projected Required Minimum Distribution?

Current tax law specifies that once you reach age 70-1/2 you must begin making taxable withdrawals from your IRAs and many other retirement plans. These minimum distributions are calculated annually based on your age, plan balance at the end of the previous year, marital status and spouse's age. If you do not meet the annual minimum distribution, you may be subject to a 50% penalty on your underpayment, plus ordinary income tax as the funds are withdrawn.


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At Girardot, Strauch & Co., we've been serving the accounting needs of Lafayette, IN and the surrounding areas for years. If you need help managing any aspect of your home or business's finances, we want to hear from you.

Please fill out this form and let us know how we can be of service. We will happily offer you a FREE initial consultation to determine how we can best serve you.

Thank you for visiting. We look forward to working together!

Girardot, Strauch & Co.

316 Main Street, P O Box 1497,
Lafayette, IN 47902-1497
T: (765) 423-5313
F: (765) 742-4692
E: info@gsc-cpa.com

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