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Enter all personal information for client, spouse and dependents including names, dates of birth, contact information, and Social Security benefits. |
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Enter the current value, growth rate, and contributions to the retirement plan. |
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Enter additional assumptions regarding the distributions from the plan. |
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Enter the "other assets" in the estate. These assets can supply cash to pay taxes on a IRA to Roth IRA Conversion. They are also considered when calculating estate taxes to provide an accurate amount of estate taxes attributable to the qualified plan. |
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Enter in all non-spouse beneficiaries who will receive a share of the retirement plan at the death of the client/spouse. |
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Enter a calendar year or an age at which the IRA to Roth Conversion will occur. Conversions in 2010 automatically spread the tax liability equally over 2011 and 2012. |
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Illustrate distributions from the plan to pay lifestyle expenses, annual exclusion gifts, and pay premiums for new life insurance policies. |