This calculator is not designed to calculate life-expectancy payments from inherited retirement accounts. Please contact OppenheimerFunds at 1 800 CALL OPP (225 5677) to obtain your life expectancy payment amount from your inherited account.
This calculator is provided for educational purposes only. The information and results provided by this calculator are not intended to be used as tax advice or investment advice, and should not be taken as such. The calculations returned are based solely on the information provided by the user. Users should be sure to verify the accuracy of the inputs used in the calculation.
If an individual is the owner of more than one Traditional/SEP or SIMPLE IRA, the RMDs must be determined separately for each IRA. However, the RMD amounts may generally be totaled and taken from any one or more of the individual\'s Traditional/SEP/SIMPLE IRAs.
RMDs required from other types of retirement plans, such as 401(k), 403(b) and 457(b) plans must be calculated and taken separately from each of those plans. With the exception of 403(b) plans, RMDs required from employer plans cannot be aggregated. RMDs for 403(b) plans that are determined separately for each 403(b) plan may be totaled, and taken from any one or more of the individual\'s 403(b) plans.
Roth IRAs are not subject to RMD during the life of the IRA owner. However, Roth 401(k), Roth 403(b) and Roth 457(b) accounts are subject to RMDs during the life of the account owner.
Special rules may permit non-owner individuals* who are still working to delay RMDs from an employer-sponsored plans in situations where the individual continues working for the sponsoring company beyond age 70½.
*An individual is generally considered a non-owner if he or she has less than 5% ownership interest (including no ownership interest) in the company that sponsors the plan in question.
Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested. Investing involves risks including possible loss of principal.
This material is provided for general and educational purposes only, is not intended to provide legal or tax advice, and is not for use to avoid penalties that may be imposed under U.S. federal tax laws. OppenheimerFunds is not undertaking to provide impartial investment advice or to provide advice in a fiduciary capacity. Contact your attorney or other advisor regarding your specific legal, investment or tax situation.
Before investing in any of the Oppenheimer funds, investors should carefully consider a fund\'s investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com or calling 1 800 CALL OPP (225 5677). Read prospectuses and summary prospectuses carefully before investing.
The RMD calculations are powered by Convergent Retirement Plan Solutions, LLC. OppenheimerFunds is not affiliated with Convergent.
Neither OppenheimerFunds or Convergent Retirement Plan Solutions, LLC is responsible for providing tax or legal advice, verifying the accuracy of a particular accountholder\'s calculation or ensuring your compliance with applicable law. As with all tax matters, account holders are strongly encouraged to review your RMD with your tax or legal advisor.