Calculators - Ascensus, Inc.

Calculators

The Financial Disclosure calculator is completed as part of the establishment process for a Traditional or Roth IRA to meet the financial disclosure requirement for a new account. The first step is to enter the key investment information. That information includes the nominal earnings rate, the calculation method (simple or compound interest), the term of the investment, any enrollment, withdrawal, or annual fees associated with the IRA, and the frequency of payments. NOTE: The financial organization's name prefills.

After logging into IRAdirect, the Calculators section is found in the upper right corner of the homepage. There are links available for three calculators: the Financial Disclosure, Income Attributable, and Post 70? estimator.

Here, the user selects the table type--either a single table or a standard or custom set of projection tables. After the requested information is entered, the user clicks the Calculate button, and the projected values for the newly created IRA investment appear. Lastly, the user clicks the Print link to print the table and provide it to the account owner.

Ascensus?, IRAdirect? and the Ascensus logo are registered trademarks of Ascensus, LLC. ?2018 Ascensus, LLC. All Rights Reserved.

Calculators

The final calculator, the Post-70? estimator, is designed to be used before a Traditional IRA owner has attained age 70? in order to estimate the required minimum distribution (RMD) amounts for the next several years. The user enters the account owner's date of birth, and answers questions about the account's beneficiary, the estimated balance, and the estimated annual yield percentage. Finally, the user clicks the Estimate Payments button. The result is an estimated amount of scheduled payments over the next 10 years. The user can then click the Print Payments link to print the estimate of scheduled payments and provide it to the account owner.

The Income Attributable calculator is used to determine the amount of net income attributable that must be withdrawn from the IRA investment for either the removal of a contribution or the recharacterization of a contribution.

The user enters the information requested in the various fields (e.g., the current value of the IRA, the contributions and distributions during the computation period) and then clicks Calculate to determine the net income attributable and the amount to withdraw or recharacterize. To print the calculation of the net income attributable, the user clicks the Print link.

NOTE: If the user has any questions about the amounts to enter, the help text below each field describes what amounts should be entered. There is also detailed information on the bottom half of the page.

Ascensus?, IRAdirect? and the Ascensus logo are registered trademarks of Ascensus, LLC. ?2018 Ascensus, LLC. All Rights Reserved.

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