The RMD Forecaster app gives you an idea of how RMDs and IRA/401K balances will grow and shrink in the future. Enter the current year, owner date of birth, prior end-of-year IRA/401k account balance, and the stock market rate-of-return that YOU anticipated for the future. RMD Forecaster uses the initial balance and the applicable IRS distribution period to calculate the RMD amount. It subtracts the RMD from the account balance. Then the stock market rate-of-return is used to forecast how the remaining account balance will grow during the year. This calculation is repeated each year until age 120. The rate you entered will not be correct each year so the forecast will not exactly correct. But you can get an indication of your future income by trying a lower, conservative rate of return and trying a higher, optimistic rate. Neither may be the actual future rate, but seeing the trend of future RMD amounts and account balances is helpful.
The anticipated future stock market rate-of-return is a "best guess" entered by the user. The taxes due on the RMD amounts are not calculated by this app. The IRS could change the Uniform Lifetime Table and the tax laws at any time. The forecasts provided should not be construed as financial, legal or tax advice. This tool is intended for informational purposes only and may not reflect the most current tax laws or regulations. You should consult with a qualified tax professional or financial advisor before making any decisions based on the information provided by this tool.
House Net estimates the net proceeds you will receive from the sale of your home. This app is primarily for people who are selling their primary residence after owning and living in the house for at least 2 years. You enter the home sale price, original purchase price, cost of capital upgrades, realtor commission rate, and federal/state tax rates. You enter your mortgage payoff balance, HELOC balance, seller closing costs, any buyer incentives you are offering, and estimated moving costs. You answer questions to determine whether you qualify for the IRS Section 121 exclusion. The app calculates the IRS exclusion amount based on the inputs. Then the app calculates the gross profit for the sale and subtracts the IRS exclusion amount (if any) before the tax calculation. Then it calculates the federal capital gains tax on this amount. The state tax is calculated based on info provided by the user. Then it calculates and displays the net amount the seller should receive after taxes, mortgage payoff and expenses are paid.
The calculations provided should not be construed as financial, legal or tax advice. This tool is intended for informational purposes only and may not reflect the most current tax laws or regulations. You should consult with a qualified tax professional or financial advisor before making any decisions based on the information provided by this tool.