- Account balance as of 12/31 of year prior to distribution year
- Balance of the retirement account as on the closing day of the last year prior to distribution. This balance is stated by the fair market value.
- Your age as of 12/31 of distribution year
- Mention your age as of 31
^{st}December of the distribution year for which you are doing this calculation. - Is your birthday after June 30th?
- If your birthday is between July 1 and December 31, check this box.
- Is your sole beneficiary a spouse?
- If you have nominated your spouse as the one and only beneficiary of the retirement account, you need to check this box.
- Beneficiary age
- Current age of the retirement account beneficiary.
- Estimated rate of return
- Anticipated rate of return from the account.