handout: secure act: mathematics of estate planning · the mathematics of estate planning for iras...

© 2011-2020 Keebler Tax & Wealth Education.All Rights Reserved 1

Presented by Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished)1

Keebler & Associates, [email protected]

1. Special thanks to Stephen J Bigge, CPA for his assistance with modeling alternative strategies

The Mathematics of Estate Planning for IRAs After the Secure Act

How to Simulate Stretch Benefits for Your Clients

mailto:[email protected]


Outline• 2019 Law and Secure Act Changes• Conduit Trust Disaster – The Math• New Post-mortem Payout Rules• Roths vs. Traditional IRAs• Solutions to Analyze

– Roth conversions– Multi-generational spray trusts– Spousal rollovers and the new spousal rollover trap– IRAs to CRTs– IRA trusts for state income tax savings– IRA relocation to life insurance– Life insurance to offset increased tax-risk of early death– Naming a charity as a beneficiary


Pre-Secure Law


Stretch Out IRAs“Inherited” IRA

Objective: Prolong IRA payments over longest possible period of time, thus increasing wealth to future generations


Pre-Secure Bill Distribution Flowchart



• An IRA is treated as “inherited” if the individual for whose benefit the IRA is maintained acquired the IRA on account of the death of the original owner.

• Under Pre-Secure law, the IRA assets could be distributed based upon the life expectancy of the beneficiary.

IRC Sec. 401(a)(9)



• Two Strategies– Spousal Rollover– Inherited IRA

• Advantages – Rollover delays RMD until spouse’s own RBD– Inherited IRA provisions allow beneficiary’s life

expectancy to be used for distributions after death of IRA owner

Both Still Available After the Secure Act


Stretch Out IRAs“Inherited” IRA – Spousal Beneficiary – Rollover

• Exception to Inherited IRA rules.• Only available to surviving spouse.• Allows spouse to roll over assets received as beneficiary to a

new IRA in his/her own name.• Spouse’s age used to determine when required minimum

distributions must begin.• Spouse may use the Uniform Lifetime Table to determine

distributions.


Stretch Out IRAs“Inherited” IRA – Case Study

• Scenarios– Immediate distribution– IRA payable to non-qualified beneficiary (five-year rule)– IRA payable to surviving spouse (no spousal rollover)– IRA payable to surviving spouse (spousal rollover)– IRA payable to child– IRA payable to grandchild



• Assumptions– IRA owner’s age – 65– Spouse’s age – 60 – Child’s age – 35– Grandchild’s age – 10

– IRA balance – $1,000,000– Brokerage account balance – $0

– Pre-tax growth rate – 8%– Ordinary income tax rate – 40%– Capital gains tax rate – 20%


Summary

YearImmediate Distribution

IRA Payable to Non-Qualified

Designated Beneficiary (i.e.

5-Year Rule)

IRA Payable to Surviving

Spouse (No Spousal Rollover)

IRA Payable to Surviving Spouse

(Spousal Rollover)

IRA Payable to Oldest Non-

Spousal Beneficiary

IRA Payable to Youngest Non-

Spousal Beneficiary

2007 643,200$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,000$ 2011 849,425$ 1,469,328$ 1,469,328$ 1,469,328$ 1,423,226$ 1,433,218$ 2016 1,202,539$ 1,248,084$ 1,948,200$ 2,101,979$ 2,002,522$ 2,036,421$ 2021 1,702,445$ 1,766,924$ 2,537,508$ 2,943,141$ 2,805,795$ 2,885,203$ 2026 2,410,166$ 2,501,450$ 3,228,176$ 4,100,369$ 3,913,063$ 4,075,163$ 2036 4,830,530$ 5,013,484$ 5,410,021$ 7,820,189$ 7,488,210$ 8,046,199$ 2046 9,681,500$ 10,048,183$ 10,842,933$ 14,479,672$ 13,945,755$ 15,631,736$


Inputs

NOTE: DO NOT PRINT THIS PAGE

SingularPossesiveCurrent AgeAssumed Age @ Death

IRA Owner's First NameOO's5959Amortize

Surviving Spouse's First NameSS's5766Lump-Sum

Last NameClient

Oldest Beneficiary's NameCC's60N/A

Youngest Beneficiary's NameGCGC's15N/A

First Year of Analysis / Year of IRA Owner's Death2007

Federal Income Tax Rate35.00%

Federal Capital Gains Rate15.00%

State Income Tax Rate5.00%

State Capital Gains Rate5.00%

IRA Balance$ 1,000,000

Outside Assets Balance$ - 0

Growth Rate8.00%

Turnover on Growth50.00%

5-Year Payout Option (IRA Owner < 70)Lump-Sum

Denotes mandatory inputs

Enter the name of the oldest non-spousal beneficiary of the IRA owner in this cell

Enter the name of the youngest non-spousal beneficiary of the IRA owner in this cell

For purposes of this analysis, it is assumed that the IRA owner dies in the first year

For purposes of this analysis, the percentage entered in this cell is the amount of growth that is realized each year (i.e. capital gains subject to tax).

This entry is used for either: (1) taking a lump-sum payment in Year 5 or (2) amortizing the payments evenly over a five-year period if the IRA owner is under age 70 at the time of death (only applies to the "IRA Payable to Non-Qualified Designated Beneficiary" scenario)

Overview

O & S Client

Inherited IRA Analysis

Overview

The Inherited IRA Analysis is a comprehensive income tax analysis designed to show the additional wealth that can be

transferred through deferral. In particular, this analysis looks at six of the most common scenarios which affect IRA

owners. These scenarios can be summarized as follows.

Immediate Distribution

In this scenario, it is assumed the IRA is liquidated in the year of death with the after-tax proceeds being re-invested

in a taxable non-qualified account. This scenario is analogous to qualified retirement plan situations whereby the

beneficiary is required, under the provisions of the qualified retirement plan, to take the entire balance out as one

lump-sum.

IRA Payable to Non-Qualified Designated Beneficiary

This scenario assumes that the IRA is payable to a non-qualified beneficiary (e.g. estate, non-qualified trust, etc.).

To the extent that the decedent-IRA owner is less than age 70½ at the time of death, the IRA must be fully

distributed by December 31st of the year containing the fifth anniversary of the IRA owner's death. To the extent that

the decedent-IRA owner is 70½ or older at the time of death, the IRA is payable over the decedent-IRA owner's "ghost"

life expectancy. In this case, the factor used in the first year is determined by reference to the Single Life Table using

the age of the decedent-IRA owner in the year of death. This factor is then reduced by one every year thereafter.

IRA Payable to Surviving Spouse (No Spousal Rollover)

In this scenario, it is assumed that the decedent-IRA owner's surviving spouse inherits the IRA, but chooses to keep

the IRA in the decedent-IRA owner's name. To the extent that the surviving spouse is younger than the decedent-IRA

owner, it is assumed that the surviving spouse's age is used to determine the annual IRA distributions. In this case, the

factor used to determine the surviving spouse's annual IRA distribution is by reference to the Single Life Table. This

process is then repeated each year until the surviving spouse passes away. On the other hand, if the decedent-IRA

owner is younger than the surviving spouse, it is assumed that decedent-IRA owner's life expectancy is used to

determine the annual IRA distributions. In this situation, the factor used to determine the annual IRA distribution is

determined in the first year by reference to the Single Life Table using the decedent-IRA owner's age in the year of death.

Every year thereafter, this factor is reduced by one. Furthermore, regardless of which method that is used, it is assumed

that the first distribution will not take place until the decedent-IRA owner would have reached age 70½ (in the case where

the decedent-IRA owner was under age 70½ at the time of death).

IRA Payable to Surviving Spouse (Spousal Rollover)

This particular scenario assumes that instead of keeping the IRA in the name of the decedent-IRA owner (see description

above), the surviving spouse rolls over the decedent-IRA owner's IRA into her own IRA. In this case, the surviving spouse

may defer taking withdrawals from the IRA until she turns age 70½. Once the surviving spouse turns age 70½, the

annual IRA distribution is determined by reference to the Uniform Lifetime Table using the surviving spouse's age each

distribution year.

IRA Payable to Oldest Non-Spousal Beneficiary

This scenario assumes that a qualified non-spousal beneficiary (e.g. child, grandchild, brother, sister, etc.) inherits the

the IRA from the decedent-IRA owner. In this case, the first annual IRA distribution is determined by reference to the

Single Life Table using non-spousal beneficiary's age in the year following the year of the decedent-IRA owner's death.

Every year thereafter, the life expectancy factor is reduced by one. Further, to the extent that the decedent-IRA owner

is older than age 70½ at the time of death, the distribution for the year of death is determined by reference to the

Uniform Lifetime Table using the decedent-IRA owner's age in the year of death.

IRA Payable to Youngest Non-Spousal Beneficiary







&L&6(c) Robert S. Keebler, CPA, MSTVirchow, Krause and Company, LLPAll Rights Reserved&C&8Page 1

Assumptions

O & S Client


Assumptions

First Year of Analysis / Year of Death2007

Five-Year Distribution0

(0=Lump-Sum at End of Five-Year Period; 1=Amortize)

Owner65

S's Age60Single Life TableUniform TableFactor

C's Age30082.47027.4N/A

GC's Age15181.67126.5N/A

280.67225.653.3

Total IRA Account Balance$1,000,000379.77324.767.9

Outside Assets Balance$0478.77423.8

577.77522.9

Growth Rate8.00%676.77622.0

Turnover on Growth50.00%775.87721.2

874.87820.3

Federal Income Tax Rate35.00%973.87919.5

State Income Tax Rate5.00%1072.88018.7

Effective Income Tax Rate40.00%1171.88117.9

1270.88217.1

Federal Capital Gains Tax Rate15.00%1369.98316.3

State Capital Gains Tax Rate5.00%1468.98415.5

Effective Capital Gains Tax Rate20.00%1567.98514.8

1666.98614.1

1766.08713.4

1865.08812.7

1964.08912.0

2063.09011.4

2162.19110.8

2261.19210.2

2360.1939.6

2459.1949.1

2558.2958.6

2657.2968.1

2756.2977.6

2855.3987.1

2954.3996.7

3053.31006.3

3152.41015.9

3251.41025.5

3350.41035.2

3449.41044.9

3548.51054.5

3647.51064.2

3746.51073.9

3845.61083.7

3944.61093.4

4043.61103.1

4142.71112.9

4241.71122.6

4340.71132.4

4439.81142.1

4538.81151.9

4637.9

4737.0

4836.0

4935.1

5034.2

5133.3

5232.3

5331.4

5430.5

5529.6

5628.7

5727.9

5827.0

5926.1

6025.2

6124.4

6223.5

6322.7

6421.8

6521.0

6620.2

6719.4

6818.6

6917.8

7017.0

7116.3

7215.5

7314.8

7414.1

7513.4

7612.7

7712.1

7811.4

7910.8

8010.2

819.7

829.1

838.6

848.1

857.6

867.1

876.7

886.3

895.9

905.5

915.2

924.9

934.6

944.3

954.1

963.8

973.6

983.4

993.1

1002.9

1012.7

1022.5

1032.3

1042.1

1051.9

1061.7

1071.5

1081.4

1091.2

1101.1

1111.0


Summary

O & S Client


IRA Transfer to Family Summary

YearImmediate DistributionIRA Payable to Non-Qualified Designated Beneficiary (i.e. 5-Year Rule)IRA Payable to Surviving Spouse (No Spousal Rollover)IRA Payable to Surviving Spouse (Spousal Rollover)IRA Payable to Oldest Non-Spousal BeneficiaryIRA Payable to Youngest Non-Spousal Beneficiary

2007$ 643,200$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,000

2008$ 689,510$ 1,166,400$ 1,166,400$ 1,166,400$ 1,157,397$ 1,159,349

2009$ 739,155$ 1,259,712$ 1,259,712$ 1,259,712$ 1,240,160$ 1,244,398

2010$ 792,374$ 1,360,489$ 1,360,489$ 1,360,489$ 1,328,644$ 1,335,546

2011$ 849,425$ 1,469,328$ 1,469,328$ 1,469,328$ 1,423,226$ 1,433,218

2012$ 910,584$ 945,072$ 1,556,312$ 1,586,874$ 1,524,308$ 1,537,868

2013$ 976,146$ 1,013,117$ 1,647,777$ 1,713,824$ 1,632,313$ 1,649,980

2014$ 1,046,428$ 1,086,061$ 1,743,534$ 1,834,831$ 1,747,694$ 1,770,070

2015$ 1,121,771$ 1,164,258$ 1,843,656$ 1,964,041$ 1,870,929$ 1,898,688

2016$ 1,202,539$ 1,248,084$ 1,948,200$ 2,101,979$ 2,002,522$ 2,036,421

2017$ 1,289,122$ 1,337,946$ 2,057,201$ 2,249,198$ 2,143,012$ 2,183,896

2018$ 1,381,938$ 1,434,279$ 2,170,670$ 2,406,287$ 2,292,966$ 2,341,777

2019$ 1,481,438$ 1,537,547$ 2,288,586$ 2,573,864$ 2,452,985$ 2,510,777

2020$ 1,588,101$ 1,648,250$ 2,410,896$ 2,752,585$ 2,623,704$ 2,691,650

2021$ 1,702,445$ 1,766,924$ 2,537,508$ 2,943,141$ 2,805,795$ 2,885,203

2022$ 1,825,021$ 1,894,143$ 2,668,281$ 3,146,260$ 2,999,966$ 3,092,293

2023$ 1,956,422$ 2,030,521$ 2,803,024$ 3,362,712$ 3,206,968$ 3,313,832

2024$ 2,097,285$ 2,176,718$ 2,941,482$ 3,593,306$ 3,427,588$ 3,550,791

2025$ 2,248,289$ 2,333,442$ 3,083,334$ 3,838,893$ 3,662,661$ 3,804,202

2026$ 2,410,166$ 2,501,450$ 3,228,176$ 4,100,369$ 3,913,063$ 4,075,163

2027$ 2,583,698$ 2,681,554$ 3,375,517$ 4,378,676$ 4,179,718$ 4,364,840

2028$ 2,769,724$ 2,874,626$ 3,524,760$ 4,674,801$ 4,463,596$ 4,674,474

2029$ 2,969,144$ 3,081,599$ 3,675,194$ 4,989,781$ 4,765,719$ 5,005,380

2030$ 3,182,923$ 3,303,474$ 3,825,978$ 5,324,701$ 5,087,158$ 5,358,957

2031$ 3,412,093$ 3,541,325$ 3,976,119$ 5,680,696$ 5,429,037$ 5,736,688

2032$ 3,657,764$ 3,796,300$ 4,124,462$ 6,058,955$ 5,792,533$ 6,140,148

2033$ 3,921,123$ 4,069,634$ 4,391,517$ 6,460,715$ 6,178,881$ 6,571,005

2034$ 4,203,444$ 4,362,647$ 4,707,706$ 6,887,269$ 6,589,369$ 7,031,031

2035$ 4,506,092$ 4,676,758$ 5,046,661$ 7,339,961$ 7,025,344$ 7,522,100

2036$ 4,830,530$ 5,013,484$ 5,410,021$ 7,820,189$ 7,488,210$ 8,046,199

2037$ 5,178,328$ 5,374,455$ 5,799,542$ 8,329,402$ 7,979,429$ 8,605,430

2038$ 5,551,168$ 5,761,416$ 6,217,109$ 8,869,101$ 8,500,522$ 9,202,019

2039$ 5,950,852$ 6,176,238$ 6,664,741$ 9,440,838$ 9,053,068$ 9,838,318

2040$ 6,379,314$ 6,620,927$ 7,144,602$ 10,046,212$ 9,638,702$ 10,516,815

2041$ 6,838,624$ 7,097,634$ 7,659,014$ 10,686,869$ 10,259,117$ 11,240,138

2042$ 7,331,005$ 7,608,663$ 8,210,463$ 11,364,495$ 10,916,059$ 12,011,061

2043$ 7,858,837$ 8,156,487$ 8,801,616$ 12,080,817$ 11,611,326$ 12,832,512

2044$ 8,424,674$ 8,743,754$ 9,435,332$ 12,837,594$ 12,346,764$ 13,707,578

2045$ 9,031,250$ 9,373,305$ 10,114,676$ 13,636,610$ 13,124,264$ 14,639,510

2046$ 9,681,500$ 10,048,183$ 10,842,933$ 14,479,672$ 13,945,755$ 15,631,736


Charts

Immediate DistributionIRA Payable to Non-Qualified Designated Beneficiary (i.e. 5-Year Rule)IRA Payable to Surviving Spouse (No Spousal Rollover)IRA Payable to Surviving Spouse (Spousal Rollover)IRA Payable to Oldest Non-Spousal BeneficiaryIRA Payable to Youngest Non-Spousal Beneficiary

$ 643,200$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,0001

$ 689,510$ 1,166,400$ 1,166,400$ 1,166,400$ 1,157,397$ 1,159,3492

$ 739,155$ 1,259,712$ 1,259,712$ 1,259,712$ 1,240,160$ 1,244,3983

$ 792,374$ 1,360,489$ 1,360,489$ 1,360,489$ 1,328,644$ 1,335,5464

$ 849,425$ 1,469,328$ 1,469,328$ 1,469,328$ 1,423,226$ 1,433,2185

$ 910,584$ 945,072$ 1,556,312$ 1,586,874$ 1,524,308$ 1,537,8686

$ 976,146$ 1,013,117$ 1,647,777$ 1,713,824$ 1,632,313$ 1,649,9807

$ 1,046,428$ 1,086,061$ 1,743,534$ 1,834,831$ 1,747,694$ 1,770,0708

$ 1,121,771$ 1,164,258$ 1,843,656$ 1,964,041$ 1,870,929$ 1,898,6889

$ 1,202,539$ 1,248,084$ 1,948,200$ 2,101,979$ 2,002,522$ 2,036,42110

$ 1,289,122$ 1,337,946$ 2,057,201$ 2,249,198$ 2,143,012$ 2,183,89611

$ 1,381,938$ 1,434,279$ 2,170,670$ 2,406,287$ 2,292,966$ 2,341,77712

$ 1,481,438$ 1,537,547$ 2,288,586$ 2,573,864$ 2,452,985$ 2,510,77713

$ 1,588,101$ 1,648,250$ 2,410,896$ 2,752,585$ 2,623,704$ 2,691,65014

$ 1,702,445$ 1,766,924$ 2,537,508$ 2,943,141$ 2,805,795$ 2,885,20315

$ 1,825,021$ 1,894,143$ 2,668,281$ 3,146,260$ 2,999,966$ 3,092,29316

$ 1,956,422$ 2,030,521$ 2,803,024$ 3,362,712$ 3,206,968$ 3,313,83217

$ 2,097,285$ 2,176,718$ 2,941,482$ 3,593,306$ 3,427,588$ 3,550,79118

$ 2,248,289$ 2,333,442$ 3,083,334$ 3,838,893$ 3,662,661$ 3,804,20219

$ 2,410,166$ 2,501,450$ 3,228,176$ 4,100,369$ 3,913,063$ 4,075,16320

$ 2,583,698$ 2,681,554$ 3,375,517$ 4,378,676$ 4,179,718$ 4,364,84021

$ 2,769,724$ 2,874,626$ 3,524,760$ 4,674,801$ 4,463,596$ 4,674,47422

$ 2,969,144$ 3,081,599$ 3,675,194$ 4,989,781$ 4,765,719$ 5,005,38023

$ 3,182,923$ 3,303,474$ 3,825,978$ 5,324,701$ 5,087,158$ 5,358,95724

$ 3,412,093$ 3,541,325$ 3,976,119$ 5,680,696$ 5,429,037$ 5,736,68825

$ 3,657,764$ 3,796,300$ 4,124,462$ 6,058,955$ 5,792,533$ 6,140,14826

$ 3,921,123$ 4,069,634$ 4,391,517$ 6,460,715$ 6,178,881$ 6,571,00527

$ 4,203,444$ 4,362,647$ 4,707,706$ 6,887,269$ 6,589,369$ 7,031,03128

$ 4,506,092$ 4,676,758$ 5,046,661$ 7,339,961$ 7,025,344$ 7,522,10029

$ 4,830,530$ 5,013,484$ 5,410,021$ 7,820,189$ 7,488,210$ 8,046,19930

$ 5,178,328$ 5,374,455$ 5,799,542$ 8,329,402$ 7,979,429$ 8,605,43031

$ 5,551,168$ 5,761,416$ 6,217,109$ 8,869,101$ 8,500,522$ 9,202,01932

$ 5,950,852$ 6,176,238$ 6,664,741$ 9,440,838$ 9,053,068$ 9,838,31833

$ 6,379,314$ 6,620,927$ 7,144,602$ 10,046,212$ 9,638,702$ 10,516,81534

$ 6,838,624$ 7,097,634$ 7,659,014$ 10,686,869$ 10,259,117$ 11,240,13835

$ 7,331,005$ 7,608,663$ 8,210,463$ 11,364,495$ 10,916,059$ 12,011,06136

$ 7,858,837$ 8,156,487$ 8,801,616$ 12,080,817$ 11,611,326$ 12,832,51237

$ 8,424,674$ 8,743,754$ 9,435,332$ 12,837,594$ 12,346,764$ 13,707,57838

$ 9,031,250$ 9,373,305$ 10,114,676$ 13,636,610$ 13,124,264$ 14,639,51039

$ 9,681,500$ 10,048,183$ 10,842,933$ 14,479,672$ 13,945,755$ 15,631,73640

$ 643,200$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,0001

$ 689,510$ 1,166,400$ 1,166,400$ 1,166,400$ 1,157,397$ 1,159,3492

$ 739,155$ 1,259,712$ 1,259,712$ 1,259,712$ 1,240,160$ 1,244,3983

$ 792,374$ 1,360,489$ 1,360,489$ 1,360,489$ 1,328,644$ 1,335,5464

$ 849,425$ 1,469,328$ 1,469,328$ 1,469,328$ 1,423,226$ 1,433,2185

$ 910,584$ 945,072$ 1,556,312$ 1,586,874$ 1,524,308$ 1,537,8686

$ 976,146$ 1,013,117$ 1,647,777$ 1,713,824$ 1,632,313$ 1,649,9807

$ 1,046,428$ 1,086,061$ 1,743,534$ 1,834,831$ 1,747,694$ 1,770,0708

$ 1,121,771$ 1,164,258$ 1,843,656$ 1,964,041$ 1,870,929$ 1,898,6889

$ 1,202,539$ 1,248,084$ 1,948,200$ 2,101,979$ 2,002,522$ 2,036,42110

$ 1,289,122$ 1,337,946$ 2,057,201$ 2,249,198$ 2,143,012$ 2,183,89611

$ 1,381,938$ 1,434,279$ 2,170,670$ 2,406,287$ 2,292,966$ 2,341,77712

$ 1,481,438$ 1,537,547$ 2,288,586$ 2,573,864$ 2,452,985$ 2,510,77713

$ 1,588,101$ 1,648,250$ 2,410,896$ 2,752,585$ 2,623,704$ 2,691,65014

$ 1,702,445$ 1,766,924$ 2,537,508$ 2,943,141$ 2,805,795$ 2,885,20315

$ 1,825,021$ 1,894,143$ 2,668,281$ 3,146,260$ 2,999,966$ 3,092,29316

$ 1,956,422$ 2,030,521$ 2,803,024$ 3,362,712$ 3,206,968$ 3,313,83217

$ 2,097,285$ 2,176,718$ 2,941,482$ 3,593,306$ 3,427,588$ 3,550,79118

$ 2,248,289$ 2,333,442$ 3,083,334$ 3,838,893$ 3,662,661$ 3,804,20219

$ 2,410,166$ 2,501,450$ 3,228,176$ 4,100,369$ 3,913,063$ 4,075,16320

$ 2,583,698$ 2,681,554$ 3,375,517$ 4,378,676$ 4,179,718$ 4,364,84021

$ 2,769,724$ 2,874,626$ 3,524,760$ 4,674,801$ 4,463,596$ 4,674,47422

$ 2,969,144$ 3,081,599$ 3,675,194$ 4,989,781$ 4,765,719$ 5,005,38023

$ 3,182,923$ 3,303,474$ 3,825,978$ 5,324,701$ 5,087,158$ 5,358,95724

$ 3,412,093$ 3,541,325$ 3,976,119$ 5,680,696$ 5,429,037$ 5,736,68825

$ 3,657,764$ 3,796,300$ 4,124,462$ 6,058,955$ 5,792,533$ 6,140,14826

$ 3,921,123$ 4,069,634$ 4,391,517$ 6,460,715$ 6,178,881$ 6,571,00527

$ 4,203,444$ 4,362,647$ 4,707,706$ 6,887,269$ 6,589,369$ 7,031,03128

$ 4,506,092$ 4,676,758$ 5,046,661$ 7,339,961$ 7,025,344$ 7,522,10029

$ 4,830,530$ 5,013,484$ 5,410,021$ 7,820,189$ 7,488,210$ 8,046,19930

$ 5,178,328$ 5,374,455$ 5,799,542$ 8,329,402$ 7,979,429$ 8,605,43031

$ 5,551,168$ 5,761,416$ 6,217,109$ 8,869,101$ 8,500,522$ 9,202,01932

$ 5,950,852$ 6,176,238$ 6,664,741$ 9,440,838$ 9,053,068$ 9,838,31833

$ 6,379,314$ 6,620,927$ 7,144,602$ 10,046,212$ 9,638,702$ 10,516,81534

$ 6,838,624$ 7,097,634$ 7,659,014$ 10,686,869$ 10,259,117$ 11,240,13835

$ 7,331,005$ 7,608,663$ 8,210,463$ 11,364,495$ 10,916,059$ 12,011,06136

$ 7,858,837$ 8,156,487$ 8,801,616$ 12,080,817$ 11,611,326$ 12,832,51237

$ 8,424,674$ 8,743,754$ 9,435,332$ 12,837,594$ 12,346,764$ 13,707,57838

$ 9,031,250$ 9,373,305$ 10,114,676$ 13,636,610$ 13,124,264$ 14,639,51039

$ 9,681,500$ 10,048,183$ 10,842,933$ 14,479,672$ 13,945,755$ 15,631,73640

Charts


IRA Payable to Non-Qualified Designated Beneficiary (i.e. 5-Year Rule)





Year

IRA Transfer to Family(The Power of Deferral)

Immediate







Year


Non-DB Trust

O & S Client



OwnerRMD FactorYearBeginning IRA BalanceRequired DistributionGrowth @Ending IRA BalanceBeginning Outside BalanceNet IRA ReceiptsGrowth @Taxes on Growth @Ending Outside BalanceNet Wealth to Family

8.00%40.00%8.00%20.00%

65N/A2007$ 1,000,000$ (1,000,000)$ - 0$ - 0$ - 0$ 600,000$ 48,000$ (4,800)$ 643,200$ 643,200

N/A2008$ 643,200$ - 0$ 51,456$ (5,146)$ 689,510$ 689,510

N/A2009$ 689,510$ - 0$ 55,161$ (5,516)$ 739,155$ 739,155

N/A2010$ 739,155$ - 0$ 59,132$ (5,913)$ 792,374$ 792,374

N/A2011$ 792,374$ - 0$ 63,390$ (6,339)$ 849,425$ 849,425

N/A2012$ 849,425$ - 0$ 67,954$ (6,795)$ 910,584$ 910,584

N/A2013$ 910,584$ - 0$ 72,847$ (7,285)$ 976,146$ 976,146

N/A2014$ 976,146$ - 0$ 78,092$ (7,809)$ 1,046,428$ 1,046,428

N/A2015$ 1,046,428$ - 0$ 83,714$ (8,371)$ 1,121,771$ 1,121,771

N/A2016$ 1,121,771$ - 0$ 89,742$ (8,974)$ 1,202,539$ 1,202,539

N/A2017$ 1,202,539$ - 0$ 96,203$ (9,620)$ 1,289,122$ 1,289,122

N/A2018$ 1,289,122$ - 0$ 103,130$ (10,313)$ 1,381,938$ 1,381,938

N/A2019$ 1,381,938$ - 0$ 110,555$ (11,056)$ 1,481,438$ 1,481,438

N/A2020$ 1,481,438$ - 0$ 118,515$ (11,852)$ 1,588,101$ 1,588,101

N/A2021$ 1,588,101$ - 0$ 127,048$ (12,705)$ 1,702,445$ 1,702,445

N/A2022$ 1,702,445$ - 0$ 136,196$ (13,620)$ 1,825,021$ 1,825,021

N/A2023$ 1,825,021$ - 0$ 146,002$ (14,600)$ 1,956,422$ 1,956,422

N/A2024$ 1,956,422$ - 0$ 156,514$ (15,651)$ 2,097,285$ 2,097,285

N/A2025$ 2,097,285$ - 0$ 167,783$ (16,778)$ 2,248,289$ 2,248,289

N/A2026$ 2,248,289$ - 0$ 179,863$ (17,986)$ 2,410,166$ 2,410,166

N/A2027$ 2,410,166$ - 0$ 192,813$ (19,281)$ 2,583,698$ 2,583,698

N/A2028$ 2,583,698$ - 0$ 206,696$ (20,670)$ 2,769,724$ 2,769,724

N/A2029$ 2,769,724$ - 0$ 221,578$ (22,158)$ 2,969,144$ 2,969,144

N/A2030$ 2,969,144$ - 0$ 237,532$ (23,753)$ 3,182,923$ 3,182,923

N/A2031$ 3,182,923$ - 0$ 254,634$ (25,463)$ 3,412,093$ 3,412,093

N/A2032$ 3,412,093$ - 0$ 272,967$ (27,297)$ 3,657,764$ 3,657,764

N/A2033$ 3,657,764$ - 0$ 292,621$ (29,262)$ 3,921,123$ 3,921,123

N/A2034$ 3,921,123$ - 0$ 313,690$ (31,369)$ 4,203,444$ 4,203,444

N/A2035$ 4,203,444$ - 0$ 336,276$ (33,628)$ 4,506,092$ 4,506,092

N/A2036$ 4,506,092$ - 0$ 360,487$ (36,049)$ 4,830,530$ 4,830,530

N/A2037$ 4,830,530$ - 0$ 386,442$ (38,644)$ 5,178,328$ 5,178,328

N/A2038$ 5,178,328$ - 0$ 414,266$ (41,427)$ 5,551,168$ 5,551,168

N/A2039$ 5,551,168$ - 0$ 444,093$ (44,409)$ 5,950,852$ 5,950,852

N/A2040$ 5,950,852$ - 0$ 476,068$ (47,607)$ 6,379,314$ 6,379,314

N/A2041$ 6,379,314$ - 0$ 510,345$ (51,035)$ 6,838,624$ 6,838,624

N/A2042$ 6,838,624$ - 0$ 547,090$ (54,709)$ 7,331,005$ 7,331,005

N/A2043$ 7,331,005$ - 0$ 586,480$ (58,648)$ 7,858,837$ 7,858,837

N/A2044$ 7,858,837$ - 0$ 628,707$ (62,871)$ 8,424,674$ 8,424,674

N/A2045$ 8,424,674$ - 0$ 673,974$ (67,397)$ 9,031,250$ 9,031,250

N/A2046$ 9,031,250$ - 0$ 722,500$ (72,250)$ 9,681,500$ 9,681,500

&L&8(c) Robert S. Keebler, CPA, MSTVirchow, Krause and Company, LLPAll Rights Reserved&CPage 4

No Rollover

O & S Client




8.00%40.00%8.00%20.00%

65N/A2007$ 1,000,000$ - 0$ 80,000$ 1,080,000$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,080,000

N/A2008$ 1,080,000$ - 0$ 86,400$ 1,166,400$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,166,400

N/A2009$ 1,166,400$ - 0$ 93,312$ 1,259,712$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,259,712

N/A2010$ 1,259,712$ - 0$ 100,777$ 1,360,489$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,360,489

N/A2011$ 1,360,489$ - 0$ 108,839$ 1,469,328$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,469,328

N/A2012$ 1,469,328$ (1,469,328)$ - 0$ - 0$ - 0$ 881,597$ 70,528$ (7,053)$ 945,072$ 945,072

N/A2013$ - 0$ - 0$ - 0$ - 0$ 945,072$ - 0$ 75,606$ (7,561)$ 1,013,117$ 1,013,117

N/A2014$ - 0$ - 0$ - 0$ - 0$ 1,013,117$ - 0$ 81,049$ (8,105)$ 1,086,061$ 1,086,061

N/A2015$ - 0$ - 0$ - 0$ - 0$ 1,086,061$ - 0$ 86,885$ (8,688)$ 1,164,258$ 1,164,258

N/A2016$ - 0$ - 0$ - 0$ - 0$ 1,164,258$ - 0$ 93,141$ (9,314)$ 1,248,084$ 1,248,084

N/A2017$ - 0$ - 0$ - 0$ - 0$ 1,248,084$ - 0$ 99,847$ (9,985)$ 1,337,946$ 1,337,946

N/A2018$ - 0$ - 0$ - 0$ - 0$ 1,337,946$ - 0$ 107,036$ (10,704)$ 1,434,279$ 1,434,279

N/A2019$ - 0$ - 0$ - 0$ - 0$ 1,434,279$ - 0$ 114,742$ (11,474)$ 1,537,547$ 1,537,547

N/A2020$ - 0$ - 0$ - 0$ - 0$ 1,537,547$ - 0$ 123,004$ (12,300)$ 1,648,250$ 1,648,250

N/A2021$ - 0$ - 0$ - 0$ - 0$ 1,648,250$ - 0$ 131,860$ (13,186)$ 1,766,924$ 1,766,924

N/A2022$ - 0$ - 0$ - 0$ - 0$ 1,766,924$ - 0$ 141,354$ (14,135)$ 1,894,143$ 1,894,143

N/A2023$ - 0$ - 0$ - 0$ - 0$ 1,894,143$ - 0$ 151,531$ (15,153)$ 2,030,521$ 2,030,521

N/A2024$ - 0$ - 0$ - 0$ - 0$ 2,030,521$ - 0$ 162,442$ (16,244)$ 2,176,718$ 2,176,718

N/A2025$ - 0$ - 0$ - 0$ - 0$ 2,176,718$ - 0$ 174,137$ (17,414)$ 2,333,442$ 2,333,442

N/A2026$ - 0$ - 0$ - 0$ - 0$ 2,333,442$ - 0$ 186,675$ (18,668)$ 2,501,450$ 2,501,450

N/A2027$ - 0$ - 0$ - 0$ - 0$ 2,501,450$ - 0$ 200,116$ (20,012)$ 2,681,554$ 2,681,554

N/A2028$ - 0$ - 0$ - 0$ - 0$ 2,681,554$ - 0$ 214,524$ (21,452)$ 2,874,626$ 2,874,626

N/A2029$ - 0$ - 0$ - 0$ - 0$ 2,874,626$ - 0$ 229,970$ (22,997)$ 3,081,599$ 3,081,599

N/A2030$ - 0$ - 0$ - 0$ - 0$ 3,081,599$ - 0$ 246,528$ (24,653)$ 3,303,474$ 3,303,474

N/A2031$ - 0$ - 0$ - 0$ - 0$ 3,303,474$ - 0$ 264,278$ (26,428)$ 3,541,325$ 3,541,325

N/A2032$ - 0$ - 0$ - 0$ - 0$ 3,541,325$ - 0$ 283,306$ (28,331)$ 3,796,300$ 3,796,300

N/A2033$ - 0$ - 0$ - 0$ - 0$ 3,796,300$ - 0$ 303,704$ (30,370)$ 4,069,634$ 4,069,634

N/A2034$ - 0$ - 0$ - 0$ - 0$ 4,069,634$ - 0$ 325,571$ (32,557)$ 4,362,647$ 4,362,647

N/A2035$ - 0$ - 0$ - 0$ - 0$ 4,362,647$ - 0$ 349,012$ (34,901)$ 4,676,758$ 4,676,758

N/A2036$ - 0$ - 0$ - 0$ - 0$ 4,676,758$ - 0$ 374,141$ (37,414)$ 5,013,484$ 5,013,484

N/A2037$ - 0$ - 0$ - 0$ - 0$ 5,013,484$ - 0$ 401,079$ (40,108)$ 5,374,455$ 5,374,455

N/A2038$ - 0$ - 0$ - 0$ - 0$ 5,374,455$ - 0$ 429,956$ (42,996)$ 5,761,416$ 5,761,416

N/A2039$ - 0$ - 0$ - 0$ - 0$ 5,761,416$ - 0$ 460,913$ (46,091)$ 6,176,238$ 6,176,238

N/A2040$ - 0$ - 0$ - 0$ - 0$ 6,176,238$ - 0$ 494,099$ (49,410)$ 6,620,927$ 6,620,927

N/A2041$ - 0$ - 0$ - 0$ - 0$ 6,620,927$ - 0$ 529,674$ (52,967)$ 7,097,634$ 7,097,634

N/A2042$ - 0$ - 0$ - 0$ - 0$ 7,097,634$ - 0$ 567,811$ (56,781)$ 7,608,663$ 7,608,663

N/A2043$ - 0$ - 0$ - 0$ - 0$ 7,608,663$ - 0$ 608,693$ (60,869)$ 8,156,487$ 8,156,487

N/A2044$ - 0$ - 0$ - 0$ - 0$ 8,156,487$ - 0$ 652,519$ (65,252)$ 8,743,754$ 8,743,754

N/A2045$ - 0$ - 0$ - 0$ - 0$ 8,743,754$ - 0$ 699,500$ (69,950)$ 9,373,305$ 9,373,305

N/A2046$ - 0$ - 0$ - 0$ - 0$ 9,373,305$ - 0$ 749,864$ (74,986)$ 10,048,183$ 10,048,183


Spousal Rollover

O & S Client



OwnerS's AgeC's AgeRMD FactorYearBeginning IRA BalanceRequired DistributionGrowth @Ending IRA BalanceBeginning Outside BalanceNet IRA ReceiptsGrowth @Taxes on Growth @Ending Outside BalanceNet Wealth to Family

8.00%40.00%8.00%20.00%

656030N/A2007$ 1,000,000$ - 0$ 80,000$ 1,080,000$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,080,000

6131N/A2008$ 1,080,000$ - 0$ 86,400$ 1,166,400$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,166,400

6232N/A2009$ 1,166,400$ - 0$ 93,312$ 1,259,712$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,259,712

6333N/A2010$ 1,259,712$ - 0$ 100,777$ 1,360,489$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,360,489

6434N/A2011$ 1,360,489$ - 0$ 108,839$ 1,469,328$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,469,328

653521.02012$ 1,469,328$ (69,968)$ 111,949$ 1,511,309$ - 0$ 41,981$ 3,358$ (336)$ 45,003$ 1,556,312

663620.22013$ 1,511,309$ (74,817)$ 114,919$ 1,551,411$ 45,003$ 44,890$ 7,192$ (719)$ 96,366$ 1,647,777

3719.22014$ 1,551,411$ (80,803)$ 117,649$ 1,588,257$ 96,366$ 48,482$ 11,588$ (1,159)$ 155,277$ 1,743,534

3818.22015$ 1,588,257$ (87,267)$ 120,079$ 1,621,069$ 155,277$ 52,360$ 16,611$ (1,661)$ 222,587$ 1,843,656

3917.22016$ 1,621,069$ (94,248)$ 122,146$ 1,648,967$ 222,587$ 56,549$ 22,331$ (2,233)$ 299,233$ 1,948,200

4016.22017$ 1,648,967$ (101,788)$ 123,774$ 1,670,953$ 299,233$ 61,073$ 28,825$ (2,882)$ 386,248$ 2,057,201

4115.22018$ 1,670,953$ (109,931)$ 124,882$ 1,685,904$ 386,248$ 65,959$ 36,177$ (3,618)$ 484,766$ 2,170,670

4214.22019$ 1,685,904$ (118,726)$ 125,374$ 1,692,552$ 484,766$ 71,235$ 44,480$ (4,448)$ 596,033$ 2,288,586

4313.22020$ 1,692,552$ (128,224)$ 125,146$ 1,689,475$ 596,033$ 76,934$ 53,837$ (5,384)$ 721,421$ 2,410,896

4412.22021$ 1,689,475$ (138,482)$ 124,079$ 1,675,073$ 721,421$ 83,089$ 64,361$ (6,436)$ 862,435$ 2,537,508

4511.22022$ 1,675,073$ (149,560)$ 122,041$ 1,647,554$ 862,435$ 89,736$ 76,174$ (7,617)$ 1,020,727$ 2,668,281

4610.22023$ 1,647,554$ (161,525)$ 118,882$ 1,604,911$ 1,020,727$ 96,915$ 89,411$ (8,941)$ 1,198,112$ 2,803,024

479.22024$ 1,604,911$ (174,447)$ 114,437$ 1,544,901$ 1,198,112$ 104,668$ 104,222$ (10,422)$ 1,396,581$ 2,941,482

488.22025$ 1,544,901$ (188,403)$ 108,520$ 1,465,019$ 1,396,581$ 113,042$ 120,770$ (12,077)$ 1,618,315$ 3,083,334

497.22026$ 1,465,019$ (203,475)$ 100,924$ 1,362,467$ 1,618,315$ 122,085$ 139,232$ (13,923)$ 1,865,709$ 3,228,176

506.22027$ 1,362,467$ (219,753)$ 91,417$ 1,234,132$ 1,865,709$ 131,852$ 159,805$ (15,980)$ 2,141,385$ 3,375,517

515.22028$ 1,234,132$ (237,333)$ 79,744$ 1,076,543$ 2,141,385$ 142,400$ 182,703$ (18,270)$ 2,448,217$ 3,524,760

524.22029$ 1,076,543$ (256,320)$ 65,618$ 885,841$ 2,448,217$ 153,792$ 208,161$ (20,816)$ 2,789,354$ 3,675,194

533.22030$ 885,841$ (276,825)$ 48,721$ 657,737$ 2,789,354$ 166,095$ 236,436$ (23,644)$ 3,168,241$ 3,825,978

542.22031$ 657,737$ (298,971)$ 28,701$ 387,467$ 3,168,241$ 179,383$ 267,810$ (26,781)$ 3,588,653$ 3,976,119

551.22032$ 387,467$ (322,889)$ 5,166$ 69,744$ 3,588,653$ 193,733$ 302,591$ (30,259)$ 4,054,718$ 4,124,462

561.02033$ 69,744$ (69,744)$ - 0$ - 0$ 4,054,718$ 41,846$ 327,725$ (32,773)$ 4,391,517$ 4,391,517

571.02034$ - 0$ - 0$ - 0$ - 0$ 4,391,517$ - 0$ 351,321$ (35,132)$ 4,707,706$ 4,707,706

581.02035$ - 0$ - 0$ - 0$ - 0$ 4,707,706$ - 0$ 376,616$ (37,662)$ 5,046,661$ 5,046,661

591.02036$ - 0$ - 0$ - 0$ - 0$ 5,046,661$ - 0$ 403,733$ (40,373)$ 5,410,021$ 5,410,021

601.02037$ - 0$ - 0$ - 0$ - 0$ 5,410,021$ - 0$ 432,802$ (43,280)$ 5,799,542$ 5,799,542

611.02038$ - 0$ - 0$ - 0$ - 0$ 5,799,542$ - 0$ 463,963$ (46,396)$ 6,217,109$ 6,217,109

621.02039$ - 0$ - 0$ - 0$ - 0$ 6,217,109$ - 0$ 497,369$ (49,737)$ 6,664,741$ 6,664,741

631.02040$ - 0$ - 0$ - 0$ - 0$ 6,664,741$ - 0$ 533,179$ (53,318)$ 7,144,602$ 7,144,602

641.02041$ - 0$ - 0$ - 0$ - 0$ 7,144,602$ - 0$ 571,568$ (57,157)$ 7,659,014$ 7,659,014

651.02042$ - 0$ - 0$ - 0$ - 0$ 7,659,014$ - 0$ 612,721$ (61,272)$ 8,210,463$ 8,210,463

661.02043$ - 0$ - 0$ - 0$ - 0$ 8,210,463$ - 0$ 656,837$ (65,684)$ 8,801,616$ 8,801,616

671.02044$ - 0$ - 0$ - 0$ - 0$ 8,801,616$ - 0$ 704,129$ (70,413)$ 9,435,332$ 9,435,332

681.02045$ - 0$ - 0$ - 0$ - 0$ 9,435,332$ - 0$ 754,827$ (75,483)$ 10,114,676$ 10,114,676

691.02046$ - 0$ - 0$ - 0$ - 0$ 10,114,676$ - 0$ 809,174$ (80,917)$ 10,842,933$ 10,842,933


Oldest Beneficiary

O & S Client




8.00%40.00%8.00%20.00%

656030N/A2007$ 1,000,000$ - 0$ 80,000$ 1,080,000$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,080,000

6131N/A2008$ 1,080,000$ - 0$ 86,400$ 1,166,400$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,166,400

6232N/A2009$ 1,166,400$ - 0$ 93,312$ 1,259,712$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,259,712

6333N/A2010$ 1,259,712$ - 0$ 100,777$ 1,360,489$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,360,489

6434N/A2011$ 1,360,489$ - 0$ 108,839$ 1,469,328$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,469,328

6535N/A2012$ 1,469,328$ - 0$ 117,546$ 1,586,874$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,586,874

6636N/A2013$ 1,586,874$ - 0$ 126,950$ 1,713,824$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,713,824

3746.52014$ 1,713,824$ (36,856)$ 134,157$ 1,811,125$ - 0$ 22,114$ 1,769$ (177)$ 23,706$ 1,834,831

3845.52015$ 1,811,125$ (39,805)$ 141,706$ 1,913,026$ 23,706$ 23,883$ 3,807$ (381)$ 51,015$ 1,964,041

3944.52016$ 1,913,026$ (42,989)$ 149,603$ 2,019,640$ 51,015$ 25,794$ 6,145$ (614)$ 82,339$ 2,101,979

4043.52017$ 2,019,640$ (46,428)$ 157,857$ 2,131,068$ 82,339$ 27,857$ 8,816$ (882)$ 118,131$ 2,249,198

4142.52018$ 2,131,068$ (50,143)$ 166,474$ 2,247,399$ 118,131$ 30,086$ 11,857$ (1,186)$ 158,888$ 2,406,287

4241.52019$ 2,247,399$ (54,154)$ 175,460$ 2,368,705$ 158,888$ 32,493$ 15,310$ (1,531)$ 205,160$ 2,573,864

4340.52020$ 2,368,705$ (58,487)$ 184,817$ 2,495,035$ 205,160$ 35,092$ 19,220$ (1,922)$ 257,550$ 2,752,585

4439.52021$ 2,495,035$ (63,165)$ 194,550$ 2,626,420$ 257,550$ 37,899$ 23,636$ (2,364)$ 316,721$ 2,943,141

4538.52022$ 2,626,420$ (68,219)$ 204,656$ 2,762,857$ 316,721$ 40,931$ 28,612$ (2,861)$ 383,403$ 3,146,260

4637.52023$ 2,762,857$ (73,676)$ 215,134$ 2,904,315$ 383,403$ 44,206$ 34,209$ (3,421)$ 458,397$ 3,362,712

4736.52024$ 2,904,315$ (79,570)$ 225,980$ 3,050,725$ 458,397$ 47,742$ 40,491$ (4,049)$ 542,581$ 3,593,306

4835.52025$ 3,050,725$ (85,936)$ 237,183$ 3,201,972$ 542,581$ 51,562$ 47,531$ (4,753)$ 636,921$ 3,838,893

4934.52026$ 3,201,972$ (92,811)$ 248,733$ 3,357,894$ 636,921$ 55,686$ 55,409$ (5,541)$ 742,475$ 4,100,369

5033.52027$ 3,357,894$ (100,236)$ 260,613$ 3,518,271$ 742,475$ 60,141$ 64,209$ (6,421)$ 860,405$ 4,378,676

5132.52028$ 3,518,271$ (108,254)$ 272,801$ 3,682,818$ 860,405$ 64,953$ 74,029$ (7,403)$ 991,984$ 4,674,801

5231.52029$ 3,682,818$ (116,915)$ 285,272$ 3,851,175$ 991,984$ 70,149$ 84,971$ (8,497)$ 1,138,606$ 4,989,781

5330.52030$ 3,851,175$ (126,268)$ 297,993$ 4,022,900$ 1,138,606$ 75,761$ 97,149$ (9,715)$ 1,301,801$ 5,324,701

5429.52031$ 4,022,900$ (136,369)$ 310,922$ 4,197,453$ 1,301,801$ 81,822$ 110,690$ (11,069)$ 1,483,244$ 5,680,696

5528.52032$ 4,197,453$ (147,279)$ 324,014$ 4,374,187$ 1,483,244$ 88,367$ 125,729$ (12,573)$ 1,684,767$ 6,058,955

5627.52033$ 4,374,187$ (159,061)$ 337,210$ 4,552,336$ 1,684,767$ 95,437$ 142,416$ (14,242)$ 1,908,379$ 6,460,715

5726.52034$ 4,552,336$ (171,786)$ 350,444$ 4,730,994$ 1,908,379$ 103,072$ 160,916$ (16,092)$ 2,156,275$ 6,887,269

5825.52035$ 4,730,994$ (185,529)$ 363,637$ 4,909,102$ 2,156,275$ 111,318$ 181,407$ (18,141)$ 2,430,859$ 7,339,961

5924.52036$ 4,909,102$ (200,372)$ 376,698$ 5,085,429$ 2,430,859$ 120,223$ 204,087$ (20,409)$ 2,734,760$ 7,820,189

6023.52037$ 5,085,429$ (216,401)$ 389,522$ 5,258,550$ 2,734,760$ 129,841$ 229,168$ (22,917)$ 3,070,852$ 8,329,402

6122.52038$ 5,258,550$ (233,713)$ 401,987$ 5,426,823$ 3,070,852$ 140,228$ 256,886$ (25,689)$ 3,442,278$ 8,869,101

6221.52039$ 5,426,823$ (252,410)$ 413,953$ 5,588,366$ 3,442,278$ 151,446$ 287,498$ (28,750)$ 3,852,472$ 9,440,838

6320.52040$ 5,588,366$ (272,603)$ 425,261$ 5,741,024$ 3,852,472$ 163,562$ 321,283$ (32,128)$ 4,305,188$ 10,046,212

6419.52041$ 5,741,024$ (294,411)$ 435,729$ 5,882,341$ 4,305,188$ 176,647$ 358,547$ (35,855)$ 4,804,527$ 10,686,869

6518.52042$ 5,882,341$ (317,964)$ 445,150$ 6,009,527$ 4,804,527$ 190,779$ 399,624$ (39,962)$ 5,354,968$ 11,364,495

6617.52043$ 6,009,527$ (343,402)$ 453,290$ 6,119,416$ 5,354,968$ 206,041$ 444,881$ (44,488)$ 5,961,401$ 12,080,817

6716.52044$ 6,119,416$ (370,874)$ 459,883$ 6,208,425$ 5,961,401$ 222,524$ 494,714$ (49,471)$ 6,629,168$ 12,837,594

6815.52045$ 6,208,425$ (400,544)$ 464,631$ 6,272,512$ 6,629,168$ 240,326$ 549,560$ (54,956)$ 7,364,098$ 13,636,610

6914.52046$ 6,272,512$ (432,587)$ 467,194$ 6,307,119$ 7,364,098$ 259,552$ 609,892$ (60,989)$ 8,172,553$ 14,479,672


Youngest Beneficiary

O & S Client



OwnerC's AgeRMD FactorYearBeginning IRA BalanceRequired DistributionGrowth @Ending IRA BalanceBeginning Outside BalanceNet IRA ReceiptsGrowth @Taxes on Growth @Ending Outside BalanceNet Wealth to Family

8.00%40.00%8.00%20.00%

6530N/A2007$ 1,000,000$ - 0$ 80,000$ 1,080,000$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,080,000

3152.42008$ 1,080,000$ (20,611)$ 84,751$ 1,144,140$ - 0$ 12,366$ 989$ (99)$ 13,257$ 1,157,397

3251.42009$ 1,144,140$ (22,260)$ 89,750$ 1,211,631$ 13,257$ 13,356$ 2,129$ (213)$ 28,529$ 1,240,160

3350.42010$ 1,211,631$ (24,040)$ 95,007$ 1,282,598$ 28,529$ 14,424$ 3,436$ (344)$ 46,045$ 1,328,644

3449.42011$ 1,282,598$ (25,964)$ 100,531$ 1,357,166$ 46,045$ 15,578$ 4,930$ (493)$ 66,060$ 1,423,226

3548.42012$ 1,357,166$ (28,041)$ 106,330$ 1,435,455$ 66,060$ 16,824$ 6,631$ (663)$ 88,852$ 1,524,308

3647.42013$ 1,435,455$ (30,284)$ 112,414$ 1,517,585$ 88,852$ 18,170$ 8,562$ (856)$ 114,728$ 1,632,313

3746.42014$ 1,517,585$ (32,707)$ 118,790$ 1,603,669$ 114,728$ 19,624$ 10,748$ (1,075)$ 144,026$ 1,747,694

3845.42015$ 1,603,669$ (35,323)$ 125,468$ 1,693,813$ 144,026$ 21,194$ 13,218$ (1,322)$ 177,115$ 1,870,929

3944.42016$ 1,693,813$ (38,149)$ 132,453$ 1,788,117$ 177,115$ 22,889$ 16,000$ (1,600)$ 214,405$ 2,002,522

4043.42017$ 1,788,117$ (41,201)$ 139,753$ 1,886,670$ 214,405$ 24,721$ 19,130$ (1,913)$ 256,343$ 2,143,012

4142.42018$ 1,886,670$ (44,497)$ 147,374$ 1,989,547$ 256,343$ 26,698$ 22,643$ (2,264)$ 303,420$ 2,292,966

4241.42019$ 1,989,547$ (48,057)$ 155,319$ 2,096,809$ 303,420$ 28,834$ 26,580$ (2,658)$ 356,176$ 2,452,985

4340.42020$ 2,096,809$ (51,901)$ 163,593$ 2,208,501$ 356,176$ 31,141$ 30,985$ (3,099)$ 415,204$ 2,623,704

4439.42021$ 2,208,501$ (56,053)$ 172,196$ 2,324,643$ 415,204$ 33,632$ 35,907$ (3,591)$ 481,152$ 2,805,795

4538.42022$ 2,324,643$ (60,538)$ 181,128$ 2,445,234$ 481,152$ 36,323$ 41,398$ (4,140)$ 554,732$ 2,999,966

4637.42023$ 2,445,234$ (65,381)$ 190,388$ 2,570,242$ 554,732$ 39,228$ 47,517$ (4,752)$ 636,726$ 3,206,968

4736.42024$ 2,570,242$ (70,611)$ 199,970$ 2,699,601$ 636,726$ 42,367$ 54,327$ (5,433)$ 727,987$ 3,427,588

4835.42025$ 2,699,601$ (76,260)$ 209,867$ 2,833,208$ 727,987$ 45,756$ 61,899$ (6,190)$ 829,453$ 3,662,661

4934.42026$ 2,833,208$ (82,361)$ 220,068$ 2,970,915$ 829,453$ 49,416$ 70,310$ (7,031)$ 942,148$ 3,913,063

5033.42027$ 2,970,915$ (88,950)$ 230,557$ 3,112,523$ 942,148$ 53,370$ 79,641$ (7,964)$ 1,067,195$ 4,179,718

5132.42028$ 3,112,523$ (96,066)$ 241,317$ 3,257,774$ 1,067,195$ 57,639$ 89,987$ (8,999)$ 1,205,822$ 4,463,596

5231.42029$ 3,257,774$ (103,751)$ 252,322$ 3,406,345$ 1,205,822$ 62,250$ 101,446$ (10,145)$ 1,359,374$ 4,765,719

5330.42030$ 3,406,345$ (112,051)$ 263,544$ 3,557,838$ 1,359,374$ 67,230$ 114,128$ (11,413)$ 1,529,320$ 5,087,158

5429.42031$ 3,557,838$ (121,015)$ 274,946$ 3,711,769$ 1,529,320$ 72,609$ 128,154$ (12,815)$ 1,717,268$ 5,429,037

5528.42032$ 3,711,769$ (130,696)$ 286,486$ 3,867,559$ 1,717,268$ 78,418$ 143,655$ (14,365)$ 1,924,975$ 5,792,533

5627.42033$ 3,867,559$ (141,152)$ 298,113$ 4,024,520$ 1,924,975$ 84,691$ 160,773$ (16,077)$ 2,154,362$ 6,178,881

5726.42034$ 4,024,520$ (152,444)$ 309,766$ 4,181,842$ 2,154,362$ 91,466$ 179,666$ (17,967)$ 2,407,528$ 6,589,369

5825.42035$ 4,181,842$ (164,639)$ 321,376$ 4,338,578$ 2,407,528$ 98,784$ 200,505$ (20,050)$ 2,686,766$ 7,025,344

5924.42036$ 4,338,578$ (177,811)$ 332,861$ 4,493,629$ 2,686,766$ 106,686$ 223,476$ (22,348)$ 2,994,581$ 7,488,210

6023.42037$ 4,493,629$ (192,035)$ 344,128$ 4,645,721$ 2,994,581$ 115,221$ 248,784$ (24,878)$ 3,333,708$ 7,979,429

6122.42038$ 4,645,721$ (207,398)$ 355,066$ 4,793,389$ 3,333,708$ 124,439$ 276,652$ (27,665)$ 3,707,133$ 8,500,522

6221.42039$ 4,793,389$ (223,990)$ 365,552$ 4,934,951$ 3,707,133$ 134,394$ 307,322$ (30,732)$ 4,118,117$ 9,053,068

6320.42040$ 4,934,951$ (241,909)$ 375,443$ 5,068,485$ 4,118,117$ 145,146$ 341,061$ (34,106)$ 4,570,218$ 9,638,702

6419.42041$ 5,068,485$ (261,262)$ 384,578$ 5,191,800$ 4,570,218$ 156,757$ 378,158$ (37,816)$ 5,067,317$ 10,259,117

6518.42042$ 5,191,800$ (282,163)$ 392,771$ 5,302,408$ 5,067,317$ 169,298$ 418,929$ (41,893)$ 5,613,651$ 10,916,059

6617.42043$ 5,302,408$ (304,736)$ 399,814$ 5,397,486$ 5,613,651$ 182,842$ 463,719$ (46,372)$ 6,213,840$ 11,611,326

6716.42044$ 5,397,486$ (329,115)$ 405,470$ 5,473,841$ 6,213,840$ 197,469$ 512,905$ (51,290)$ 6,872,924$ 12,346,764

6815.42045$ 5,473,841$ (355,444)$ 409,472$ 5,527,868$ 6,872,924$ 213,267$ 566,895$ (56,690)$ 7,596,396$ 13,124,264

6914.42046$ 5,527,868$ (383,880)$ 411,519$ 5,555,507$ 7,596,396$ 230,328$ 626,138$ (62,614)$ 8,390,248$ 13,945,755


O & S Client



OwnerGC's AgeRMD FactorYearBeginning IRA BalanceRequired DistributionGrowth @Ending IRA BalanceBeginning Outside BalanceNet IRA ReceiptsGrowth @Taxes on Growth @Ending Outside BalanceNet Wealth to Family

8.00%40.00%8.00%20.00%

6515N/A2007$ 1,000,000$ - 0$ 80,000$ 1,080,000$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,080,000

1666.92008$ 1,080,000$ (16,143)$ 85,109$ 1,148,965$ - 0$ 9,686$ 775$ (77)$ 10,383$ 1,159,349

1765.92009$ 1,148,965$ (17,435)$ 90,522$ 1,222,052$ 10,383$ 10,461$ 1,668$ (167)$ 22,345$ 1,244,398

1864.92010$ 1,222,052$ (18,830)$ 96,258$ 1,299,480$ 22,345$ 11,298$ 2,691$ (269)$ 36,065$ 1,335,546

1963.92011$ 1,299,480$ (20,336)$ 102,332$ 1,381,476$ 36,065$ 12,202$ 3,861$ (386)$ 51,742$ 1,433,218

2062.92012$ 1,381,476$ (21,963)$ 108,761$ 1,468,274$ 51,742$ 13,178$ 5,194$ (519)$ 69,594$ 1,537,868

2161.92013$ 1,468,274$ (23,720)$ 115,564$ 1,560,118$ 69,594$ 14,232$ 6,706$ (671)$ 89,862$ 1,649,980

2260.92014$ 1,560,118$ (25,618)$ 122,760$ 1,657,260$ 89,862$ 15,371$ 8,419$ (842)$ 112,809$ 1,770,070

2359.92015$ 1,657,260$ (27,667)$ 130,367$ 1,759,961$ 112,809$ 16,600$ 10,353$ (1,035)$ 138,727$ 1,898,688

2458.92016$ 1,759,961$ (29,880)$ 138,406$ 1,868,487$ 138,727$ 17,928$ 12,532$ (1,253)$ 167,935$ 2,036,421

2557.92017$ 1,868,487$ (32,271)$ 146,897$ 1,983,113$ 167,935$ 19,363$ 14,984$ (1,498)$ 200,783$ 2,183,896

2656.92018$ 1,983,113$ (34,853)$ 155,861$ 2,104,121$ 200,783$ 20,912$ 17,736$ (1,774)$ 237,656$ 2,341,777

2755.92019$ 2,104,121$ (37,641)$ 165,318$ 2,231,799$ 237,656$ 22,584$ 20,819$ (2,082)$ 278,978$ 2,510,777

2854.92020$ 2,231,799$ (40,652)$ 175,292$ 2,366,439$ 278,978$ 24,391$ 24,270$ (2,427)$ 325,212$ 2,691,650

2953.92021$ 2,366,439$ (43,904)$ 185,803$ 2,508,337$ 325,212$ 26,343$ 28,124$ (2,812)$ 376,866$ 2,885,203

3052.92022$ 2,508,337$ (47,417)$ 196,874$ 2,657,794$ 376,866$ 28,450$ 32,425$ (3,243)$ 434,499$ 3,092,293

3151.92023$ 2,657,794$ (51,210)$ 208,527$ 2,815,111$ 434,499$ 30,726$ 37,218$ (3,722)$ 498,721$ 3,313,832

3250.92024$ 2,815,111$ (55,307)$ 220,784$ 2,980,589$ 498,721$ 33,184$ 42,552$ (4,255)$ 570,202$ 3,550,791

3349.92025$ 2,980,589$ (59,731)$ 233,669$ 3,154,526$ 570,202$ 35,839$ 48,483$ (4,848)$ 649,676$ 3,804,202

3448.92026$ 3,154,526$ (64,510)$ 247,201$ 3,337,217$ 649,676$ 38,706$ 55,071$ (5,507)$ 737,945$ 4,075,163

3547.92027$ 3,337,217$ (69,671)$ 261,404$ 3,528,951$ 737,945$ 41,802$ 62,380$ (6,238)$ 835,889$ 4,364,840

3646.92028$ 3,528,951$ (75,244)$ 276,297$ 3,730,003$ 835,889$ 45,146$ 70,483$ (7,048)$ 944,471$ 4,674,474

3745.92029$ 3,730,003$ (81,264)$ 291,899$ 3,940,639$ 944,471$ 48,758$ 79,458$ (7,946)$ 1,064,741$ 5,005,380

3844.92030$ 3,940,639$ (87,765)$ 308,230$ 4,161,104$ 1,064,741$ 52,659$ 89,392$ (8,939)$ 1,197,853$ 5,358,957

3943.92031$ 4,161,104$ (94,786)$ 325,305$ 4,391,623$ 1,197,853$ 56,872$ 100,378$ (10,038)$ 1,345,065$ 5,736,688

4042.92032$ 4,391,623$ (102,369)$ 343,140$ 4,632,395$ 1,345,065$ 61,421$ 112,519$ (11,252)$ 1,507,753$ 6,140,148

4141.92033$ 4,632,395$ (110,558)$ 361,747$ 4,883,583$ 1,507,753$ 66,335$ 125,927$ (12,593)$ 1,687,422$ 6,571,005

4240.92034$ 4,883,583$ (119,403)$ 381,134$ 5,145,315$ 1,687,422$ 71,642$ 140,725$ (14,073)$ 1,885,717$ 7,031,031

4339.92035$ 5,145,315$ (128,955)$ 401,309$ 5,417,668$ 1,885,717$ 77,373$ 157,047$ (15,705)$ 2,104,432$ 7,522,100

4438.92036$ 5,417,668$ (139,272)$ 422,272$ 5,700,668$ 2,104,432$ 83,563$ 175,040$ (17,504)$ 2,345,531$ 8,046,199

4537.92037$ 5,700,668$ (150,413)$ 444,020$ 5,994,275$ 2,345,531$ 90,248$ 194,862$ (19,486)$ 2,611,155$ 8,605,430

4636.92038$ 5,994,275$ (162,446)$ 466,546$ 6,298,375$ 2,611,155$ 97,468$ 216,690$ (21,669)$ 2,903,644$ 9,202,019

4735.92039$ 6,298,375$ (175,442)$ 489,835$ 6,612,767$ 2,903,644$ 105,265$ 240,713$ (24,071)$ 3,225,551$ 9,838,318

4834.92040$ 6,612,767$ (189,478)$ 513,863$ 6,937,153$ 3,225,551$ 113,687$ 267,139$ (26,714)$ 3,579,662$ 10,516,815

4933.92041$ 6,937,153$ (204,636)$ 538,601$ 7,271,118$ 3,579,662$ 122,781$ 296,195$ (29,620)$ 3,969,020$ 11,240,138

5032.92042$ 7,271,118$ (221,007)$ 564,009$ 7,614,121$ 3,969,020$ 132,604$ 328,130$ (32,813)$ 4,396,941$ 12,011,061

5131.92043$ 7,614,121$ (238,687)$ 590,035$ 7,965,468$ 4,396,941$ 143,212$ 363,212$ (36,321)$ 4,867,044$ 12,832,512

5230.92044$ 7,965,468$ (257,782)$ 616,615$ 8,324,301$ 4,867,044$ 154,669$ 401,737$ (40,174)$ 5,383,277$ 13,707,578

5329.92045$ 8,324,301$ (278,405)$ 643,672$ 8,689,568$ 5,383,277$ 167,043$ 444,026$ (44,403)$ 5,949,942$ 14,639,510

5428.92046$ 8,689,568$ (300,677)$ 671,111$ 9,060,002$ 5,949,942$ 180,406$ 490,428$ (49,043)$ 6,571,734$ 15,631,736



Summary – Year 30IRA Transfer to Family

(The Power of Deferral)

$4,500,000

$5,000,000

$5,500,000

$6,000,000

$6,500,000

$7,000,000

$7,500,000

$8,000,000

$8,500,000

Year 30



Inputs

NOTE: DO NOT PRINT THIS PAGE

SingularPossesiveCurrent AgeAssumed Age @ Death

IRA Owner's First NameOO's5959Amortize

Surviving Spouse's First NameSS's5766Lump-Sum

Last NameClient

Oldest Beneficiary's NameCC's60N/A

Youngest Beneficiary's NameGCGC's15N/A

First Year of Analysis / Year of IRA Owner's Death2007

Federal Income Tax Rate35.00%

Federal Capital Gains Rate15.00%

State Income Tax Rate5.00%

State Capital Gains Rate5.00%

IRA Balance$ 1,000,000

Outside Assets Balance$ - 0

Growth Rate8.00%

Turnover on Growth50.00%

5-Year Payout Option (IRA Owner < 70)Lump-Sum

Denotes mandatory inputs

Enter the name of the oldest non-spousal beneficiary of the IRA owner in this cell

Enter the name of the youngest non-spousal beneficiary of the IRA owner in this cell

For purposes of this analysis, it is assumed that the IRA owner dies in the first year

For purposes of this analysis, the percentage entered in this cell is the amount of growth that is realized each year (i.e. capital gains subject to tax).

This entry is used for either: (1) taking a lump-sum payment in Year 5 or (2) amortizing the payments evenly over a five-year period if the IRA owner is under age 70 at the time of death (only applies to the "IRA Payable to Non-Qualified Designated Beneficiary" scenario)

Overview

O & S Client


Overview

The Inherited IRA Analysis is a comprehensive income tax analysis designed to show the additional wealth that can be

transferred through deferral. In particular, this analysis looks at six of the most common scenarios which affect IRA

owners. These scenarios can be summarized as follows.


In this scenario, it is assumed the IRA is liquidated in the year of death with the after-tax proceeds being re-invested

in a taxable non-qualified account. This scenario is analogous to qualified retirement plan situations whereby the

beneficiary is required, under the provisions of the qualified retirement plan, to take the entire balance out as one

lump-sum.

IRA Payable to Non-Qualified Designated Beneficiary

This scenario assumes that the IRA is payable to a non-qualified beneficiary (e.g. estate, non-qualified trust, etc.).

To the extent that the decedent-IRA owner is less than age 70½ at the time of death, the IRA must be fully

distributed by December 31st of the year containing the fifth anniversary of the IRA owner's death. To the extent that

the decedent-IRA owner is 70½ or older at the time of death, the IRA is payable over the decedent-IRA owner's "ghost"

life expectancy. In this case, the factor used in the first year is determined by reference to the Single Life Table using

the age of the decedent-IRA owner in the year of death. This factor is then reduced by one every year thereafter.


In this scenario, it is assumed that the decedent-IRA owner's surviving spouse inherits the IRA, but chooses to keep

the IRA in the decedent-IRA owner's name. To the extent that the surviving spouse is younger than the decedent-IRA

owner, it is assumed that the surviving spouse's age is used to determine the annual IRA distributions. In this case, the

factor used to determine the surviving spouse's annual IRA distribution is by reference to the Single Life Table. This

process is then repeated each year until the surviving spouse passes away. On the other hand, if the decedent-IRA

owner is younger than the surviving spouse, it is assumed that decedent-IRA owner's life expectancy is used to

determine the annual IRA distributions. In this situation, the factor used to determine the annual IRA distribution is

determined in the first year by reference to the Single Life Table using the decedent-IRA owner's age in the year of death.

Every year thereafter, this factor is reduced by one. Furthermore, regardless of which method that is used, it is assumed

that the first distribution will not take place until the decedent-IRA owner would have reached age 70½ (in the case where

the decedent-IRA owner was under age 70½ at the time of death).


This particular scenario assumes that instead of keeping the IRA in the name of the decedent-IRA owner (see description

above), the surviving spouse rolls over the decedent-IRA owner's IRA into her own IRA. In this case, the surviving spouse

may defer taking withdrawals from the IRA until she turns age 70½. Once the surviving spouse turns age 70½, the

annual IRA distribution is determined by reference to the Uniform Lifetime Table using the surviving spouse's age each

distribution year.
















Assumptions

O & S Client


Assumptions

First Year of Analysis / Year of Death2007

Five-Year Distribution0

(0=Lump-Sum at End of Five-Year Period; 1=Amortize)

Owner65

S's Age60Single Life TableUniform TableFactor

C's Age30082.47027.4N/A

GC's Age15181.67126.5N/A

280.67225.653.3

Total IRA Account Balance$1,000,000379.77324.767.9

Outside Assets Balance$0478.77423.8

577.77522.9

Growth Rate8.00%676.77622.0

Turnover on Growth50.00%775.87721.2

874.87820.3

Federal Income Tax Rate35.00%973.87919.5

State Income Tax Rate5.00%1072.88018.7

Effective Income Tax Rate40.00%1171.88117.9

1270.88217.1

Federal Capital Gains Tax Rate15.00%1369.98316.3

State Capital Gains Tax Rate5.00%1468.98415.5

Effective Capital Gains Tax Rate20.00%1567.98514.8

1666.98614.1

1766.08713.4

1865.08812.7

1964.08912.0

2063.09011.4

2162.19110.8

2261.19210.2

2360.1939.6

2459.1949.1

2558.2958.6

2657.2968.1

2756.2977.6

2855.3987.1

2954.3996.7

3053.31006.3

3152.41015.9

3251.41025.5

3350.41035.2

3449.41044.9

3548.51054.5

3647.51064.2

3746.51073.9

3845.61083.7

3944.61093.4

4043.61103.1

4142.71112.9

4241.71122.6

4340.71132.4

4439.81142.1

4538.81151.9

4637.9

4737.0

4836.0

4935.1

5034.2

5133.3

5232.3

5331.4

5430.5

5529.6

5628.7

5727.9

5827.0

5926.1

6025.2

6124.4

6223.5

6322.7

6421.8

6521.0

6620.2

6719.4

6818.6

6917.8

7017.0

7116.3

7215.5

7314.8

7414.1

7513.4

7612.7

7712.1

7811.4

7910.8

8010.2

819.7

829.1

838.6

848.1

857.6

867.1

876.7

886.3

895.9

905.5

915.2

924.9

934.6

944.3

954.1

963.8

973.6

983.4

993.1

1002.9

1012.7

1022.5

1032.3

1042.1

1051.9

1061.7

1071.5

1081.4

1091.2

1101.1

1111.0


Summary

O & S Client


IRA Transfer to Family Summary


2007$ 643,200$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,000

2008$ 689,510$ 1,166,400$ 1,166,400$ 1,166,400$ 1,157,397$ 1,159,349

2009$ 739,155$ 1,259,712$ 1,259,712$ 1,259,712$ 1,240,160$ 1,244,398

2010$ 792,374$ 1,360,489$ 1,360,489$ 1,360,489$ 1,328,644$ 1,335,546

2011$ 849,425$ 1,469,328$ 1,469,328$ 1,469,328$ 1,423,226$ 1,433,218

2012$ 910,584$ 945,072$ 1,556,312$ 1,586,874$ 1,524,308$ 1,537,868

2013$ 976,146$ 1,013,117$ 1,647,777$ 1,713,824$ 1,632,313$ 1,649,980

2014$ 1,046,428$ 1,086,061$ 1,743,534$ 1,834,831$ 1,747,694$ 1,770,070

2015$ 1,121,771$ 1,164,258$ 1,843,656$ 1,964,041$ 1,870,929$ 1,898,688

2016$ 1,202,539$ 1,248,084$ 1,948,200$ 2,101,979$ 2,002,522$ 2,036,421

2017$ 1,289,122$ 1,337,946$ 2,057,201$ 2,249,198$ 2,143,012$ 2,183,896

2018$ 1,381,938$ 1,434,279$ 2,170,670$ 2,406,287$ 2,292,966$ 2,341,777

2019$ 1,481,438$ 1,537,547$ 2,288,586$ 2,573,864$ 2,452,985$ 2,510,777

2020$ 1,588,101$ 1,648,250$ 2,410,896$ 2,752,585$ 2,623,704$ 2,691,650

2021$ 1,702,445$ 1,766,924$ 2,537,508$ 2,943,141$ 2,805,795$ 2,885,203

2022$ 1,825,021$ 1,894,143$ 2,668,281$ 3,146,260$ 2,999,966$ 3,092,293

2023$ 1,956,422$ 2,030,521$ 2,803,024$ 3,362,712$ 3,206,968$ 3,313,832

2024$ 2,097,285$ 2,176,718$ 2,941,482$ 3,593,306$ 3,427,588$ 3,550,791

2025$ 2,248,289$ 2,333,442$ 3,083,334$ 3,838,893$ 3,662,661$ 3,804,202

2026$ 2,410,166$ 2,501,450$ 3,228,176$ 4,100,369$ 3,913,063$ 4,075,163

2027$ 2,583,698$ 2,681,554$ 3,375,517$ 4,378,676$ 4,179,718$ 4,364,840

2028$ 2,769,724$ 2,874,626$ 3,524,760$ 4,674,801$ 4,463,596$ 4,674,474

2029$ 2,969,144$ 3,081,599$ 3,675,194$ 4,989,781$ 4,765,719$ 5,005,380

2030$ 3,182,923$ 3,303,474$ 3,825,978$ 5,324,701$ 5,087,158$ 5,358,957

2031$ 3,412,093$ 3,541,325$ 3,976,119$ 5,680,696$ 5,429,037$ 5,736,688

2032$ 3,657,764$ 3,796,300$ 4,124,462$ 6,058,955$ 5,792,533$ 6,140,148

2033$ 3,921,123$ 4,069,634$ 4,391,517$ 6,460,715$ 6,178,881$ 6,571,005

2034$ 4,203,444$ 4,362,647$ 4,707,706$ 6,887,269$ 6,589,369$ 7,031,031

2035$ 4,506,092$ 4,676,758$ 5,046,661$ 7,339,961$ 7,025,344$ 7,522,100

2036$ 4,830,530$ 5,013,484$ 5,410,021$ 7,820,189$ 7,488,210$ 8,046,199

2037$ 5,178,328$ 5,374,455$ 5,799,542$ 8,329,402$ 7,979,429$ 8,605,430

2038$ 5,551,168$ 5,761,416$ 6,217,109$ 8,869,101$ 8,500,522$ 9,202,019

2039$ 5,950,852$ 6,176,238$ 6,664,741$ 9,440,838$ 9,053,068$ 9,838,318

2040$ 6,379,314$ 6,620,927$ 7,144,602$ 10,046,212$ 9,638,702$ 10,516,815

2041$ 6,838,624$ 7,097,634$ 7,659,014$ 10,686,869$ 10,259,117$ 11,240,138

2042$ 7,331,005$ 7,608,663$ 8,210,463$ 11,364,495$ 10,916,059$ 12,011,061

2043$ 7,858,837$ 8,156,487$ 8,801,616$ 12,080,817$ 11,611,326$ 12,832,512

2044$ 8,424,674$ 8,743,754$ 9,435,332$ 12,837,594$ 12,346,764$ 13,707,578

2045$ 9,031,250$ 9,373,305$ 10,114,676$ 13,636,610$ 13,124,264$ 14,639,510

2046$ 9,681,500$ 10,048,183$ 10,842,933$ 14,479,672$ 13,945,755$ 15,631,736


Charts

Immediate DistributionIRA Payable to Non-Qualified Designated Beneficiary (i.e. 5-Year Rule)IRA Payable to Surviving Spouse (No Spousal Rollover)IRA Payable to Surviving Spouse (Spousal Rollover)IRA Payable to Oldest Non-Spousal BeneficiaryIRA Payable to Youngest Non-Spousal Beneficiary

$ 643,200$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,0001

$ 689,510$ 1,166,400$ 1,166,400$ 1,166,400$ 1,157,397$ 1,159,3492

$ 739,155$ 1,259,712$ 1,259,712$ 1,259,712$ 1,240,160$ 1,244,3983

$ 792,374$ 1,360,489$ 1,360,489$ 1,360,489$ 1,328,644$ 1,335,5464

$ 849,425$ 1,469,328$ 1,469,328$ 1,469,328$ 1,423,226$ 1,433,2185

$ 910,584$ 945,072$ 1,556,312$ 1,586,874$ 1,524,308$ 1,537,8686

$ 976,146$ 1,013,117$ 1,647,777$ 1,713,824$ 1,632,313$ 1,649,9807

$ 1,046,428$ 1,086,061$ 1,743,534$ 1,834,831$ 1,747,694$ 1,770,0708

$ 1,121,771$ 1,164,258$ 1,843,656$ 1,964,041$ 1,870,929$ 1,898,6889

$ 1,202,539$ 1,248,084$ 1,948,200$ 2,101,979$ 2,002,522$ 2,036,42110

$ 1,289,122$ 1,337,946$ 2,057,201$ 2,249,198$ 2,143,012$ 2,183,89611

$ 1,381,938$ 1,434,279$ 2,170,670$ 2,406,287$ 2,292,966$ 2,341,77712

$ 1,481,438$ 1,537,547$ 2,288,586$ 2,573,864$ 2,452,985$ 2,510,77713

$ 1,588,101$ 1,648,250$ 2,410,896$ 2,752,585$ 2,623,704$ 2,691,65014

$ 1,702,445$ 1,766,924$ 2,537,508$ 2,943,141$ 2,805,795$ 2,885,20315

$ 1,825,021$ 1,894,143$ 2,668,281$ 3,146,260$ 2,999,966$ 3,092,29316

$ 1,956,422$ 2,030,521$ 2,803,024$ 3,362,712$ 3,206,968$ 3,313,83217

$ 2,097,285$ 2,176,718$ 2,941,482$ 3,593,306$ 3,427,588$ 3,550,79118

$ 2,248,289$ 2,333,442$ 3,083,334$ 3,838,893$ 3,662,661$ 3,804,20219

$ 2,410,166$ 2,501,450$ 3,228,176$ 4,100,369$ 3,913,063$ 4,075,16320

$ 2,583,698$ 2,681,554$ 3,375,517$ 4,378,676$ 4,179,718$ 4,364,84021

$ 2,769,724$ 2,874,626$ 3,524,760$ 4,674,801$ 4,463,596$ 4,674,47422

$ 2,969,144$ 3,081,599$ 3,675,194$ 4,989,781$ 4,765,719$ 5,005,38023

$ 3,182,923$ 3,303,474$ 3,825,978$ 5,324,701$ 5,087,158$ 5,358,95724

$ 3,412,093$ 3,541,325$ 3,976,119$ 5,680,696$ 5,429,037$ 5,736,68825

$ 3,657,764$ 3,796,300$ 4,124,462$ 6,058,955$ 5,792,533$ 6,140,14826

$ 3,921,123$ 4,069,634$ 4,391,517$ 6,460,715$ 6,178,881$ 6,571,00527

$ 4,203,444$ 4,362,647$ 4,707,706$ 6,887,269$ 6,589,369$ 7,031,03128

$ 4,506,092$ 4,676,758$ 5,046,661$ 7,339,961$ 7,025,344$ 7,522,10029

$ 4,830,530$ 5,013,484$ 5,410,021$ 7,820,189$ 7,488,210$ 8,046,19930

$ 5,178,328$ 5,374,455$ 5,799,542$ 8,329,402$ 7,979,429$ 8,605,43031

$ 5,551,168$ 5,761,416$ 6,217,109$ 8,869,101$ 8,500,522$ 9,202,01932

$ 5,950,852$ 6,176,238$ 6,664,741$ 9,440,838$ 9,053,068$ 9,838,31833

$ 6,379,314$ 6,620,927$ 7,144,602$ 10,046,212$ 9,638,702$ 10,516,81534

$ 6,838,624$ 7,097,634$ 7,659,014$ 10,686,869$ 10,259,117$ 11,240,13835

$ 7,331,005$ 7,608,663$ 8,210,463$ 11,364,495$ 10,916,059$ 12,011,06136

$ 7,858,837$ 8,156,487$ 8,801,616$ 12,080,817$ 11,611,326$ 12,832,51237

$ 8,424,674$ 8,743,754$ 9,435,332$ 12,837,594$ 12,346,764$ 13,707,57838

$ 9,031,250$ 9,373,305$ 10,114,676$ 13,636,610$ 13,124,264$ 14,639,51039

$ 9,681,500$ 10,048,183$ 10,842,933$ 14,479,672$ 13,945,755$ 15,631,73640

$ 643,200$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,000$ 1,080,0001

$ 689,510$ 1,166,400$ 1,166,400$ 1,166,400$ 1,157,397$ 1,159,3492

$ 739,155$ 1,259,712$ 1,259,712$ 1,259,712$ 1,240,160$ 1,244,3983

$ 792,374$ 1,360,489$ 1,360,489$ 1,360,489$ 1,328,644$ 1,335,5464

$ 849,425$ 1,469,328$ 1,469,328$ 1,469,328$ 1,423,226$ 1,433,2185

$ 910,584$ 945,072$ 1,556,312$ 1,586,874$ 1,524,308$ 1,537,8686

$ 976,146$ 1,013,117$ 1,647,777$ 1,713,824$ 1,632,313$ 1,649,9807

$ 1,046,428$ 1,086,061$ 1,743,534$ 1,834,831$ 1,747,694$ 1,770,0708

$ 1,121,771$ 1,164,258$ 1,843,656$ 1,964,041$ 1,870,929$ 1,898,6889

$ 1,202,539$ 1,248,084$ 1,948,200$ 2,101,979$ 2,002,522$ 2,036,42110

$ 1,289,122$ 1,337,946$ 2,057,201$ 2,249,198$ 2,143,012$ 2,183,89611

$ 1,381,938$ 1,434,279$ 2,170,670$ 2,406,287$ 2,292,966$ 2,341,77712

$ 1,481,438$ 1,537,547$ 2,288,586$ 2,573,864$ 2,452,985$ 2,510,77713

$ 1,588,101$ 1,648,250$ 2,410,896$ 2,752,585$ 2,623,704$ 2,691,65014

$ 1,702,445$ 1,766,924$ 2,537,508$ 2,943,141$ 2,805,795$ 2,885,20315

$ 1,825,021$ 1,894,143$ 2,668,281$ 3,146,260$ 2,999,966$ 3,092,29316

$ 1,956,422$ 2,030,521$ 2,803,024$ 3,362,712$ 3,206,968$ 3,313,83217

$ 2,097,285$ 2,176,718$ 2,941,482$ 3,593,306$ 3,427,588$ 3,550,79118

$ 2,248,289$ 2,333,442$ 3,083,334$ 3,838,893$ 3,662,661$ 3,804,20219

$ 2,410,166$ 2,501,450$ 3,228,176$ 4,100,369$ 3,913,063$ 4,075,16320

$ 2,583,698$ 2,681,554$ 3,375,517$ 4,378,676$ 4,179,718$ 4,364,84021

$ 2,769,724$ 2,874,626$ 3,524,760$ 4,674,801$ 4,463,596$ 4,674,47422

$ 2,969,144$ 3,081,599$ 3,675,194$ 4,989,781$ 4,765,719$ 5,005,38023

$ 3,182,923$ 3,303,474$ 3,825,978$ 5,324,701$ 5,087,158$ 5,358,95724

$ 3,412,093$ 3,541,325$ 3,976,119$ 5,680,696$ 5,429,037$ 5,736,68825

$ 3,657,764$ 3,796,300$ 4,124,462$ 6,058,955$ 5,792,533$ 6,140,14826

$ 3,921,123$ 4,069,634$ 4,391,517$ 6,460,715$ 6,178,881$ 6,571,00527

$ 4,203,444$ 4,362,647$ 4,707,706$ 6,887,269$ 6,589,369$ 7,031,03128

$ 4,506,092$ 4,676,758$ 5,046,661$ 7,339,961$ 7,025,344$ 7,522,10029

$ 4,830,530$ 5,013,484$ 5,410,021$ 7,820,189$ 7,488,210$ 8,046,19930

$ 5,178,328$ 5,374,455$ 5,799,542$ 8,329,402$ 7,979,429$ 8,605,43031

$ 5,551,168$ 5,761,416$ 6,217,109$ 8,869,101$ 8,500,522$ 9,202,01932

$ 5,950,852$ 6,176,238$ 6,664,741$ 9,440,838$ 9,053,068$ 9,838,31833

$ 6,379,314$ 6,620,927$ 7,144,602$ 10,046,212$ 9,638,702$ 10,516,81534

$ 6,838,624$ 7,097,634$ 7,659,014$ 10,686,869$ 10,259,117$ 11,240,13835

$ 7,331,005$ 7,608,663$ 8,210,463$ 11,364,495$ 10,916,059$ 12,011,06136

$ 7,858,837$ 8,156,487$ 8,801,616$ 12,080,817$ 11,611,326$ 12,832,51237

$ 8,424,674$ 8,743,754$ 9,435,332$ 12,837,594$ 12,346,764$ 13,707,57838

$ 9,031,250$ 9,373,305$ 10,114,676$ 13,636,610$ 13,124,264$ 14,639,51039

$ 9,681,500$ 10,048,183$ 10,842,933$ 14,479,672$ 13,945,755$ 15,631,73640

Charts

Year 30Year 30Year 30Year 30Year 30Year 30







Year


Immediate

O & S Client




8.00%40.00%8.00%20.00%

65N/A2007$ 1,000,000$ (1,000,000)$ - 0$ - 0$ - 0$ 600,000$ 48,000$ (4,800)$ 643,200$ 643,200

N/A2008$ 643,200$ - 0$ 51,456$ (5,146)$ 689,510$ 689,510

N/A2009$ 689,510$ - 0$ 55,161$ (5,516)$ 739,155$ 739,155

N/A2010$ 739,155$ - 0$ 59,132$ (5,913)$ 792,374$ 792,374

N/A2011$ 792,374$ - 0$ 63,390$ (6,339)$ 849,425$ 849,425

N/A2012$ 849,425$ - 0$ 67,954$ (6,795)$ 910,584$ 910,584

N/A2013$ 910,584$ - 0$ 72,847$ (7,285)$ 976,146$ 976,146

N/A2014$ 976,146$ - 0$ 78,092$ (7,809)$ 1,046,428$ 1,046,428

N/A2015$ 1,046,428$ - 0$ 83,714$ (8,371)$ 1,121,771$ 1,121,771

N/A2016$ 1,121,771$ - 0$ 89,742$ (8,974)$ 1,202,539$ 1,202,539

N/A2017$ 1,202,539$ - 0$ 96,203$ (9,620)$ 1,289,122$ 1,289,122

N/A2018$ 1,289,122$ - 0$ 103,130$ (10,313)$ 1,381,938$ 1,381,938

N/A2019$ 1,381,938$ - 0$ 110,555$ (11,056)$ 1,481,438$ 1,481,438

N/A2020$ 1,481,438$ - 0$ 118,515$ (11,852)$ 1,588,101$ 1,588,101

N/A2021$ 1,588,101$ - 0$ 127,048$ (12,705)$ 1,702,445$ 1,702,445

N/A2022$ 1,702,445$ - 0$ 136,196$ (13,620)$ 1,825,021$ 1,825,021

N/A2023$ 1,825,021$ - 0$ 146,002$ (14,600)$ 1,956,422$ 1,956,422

N/A2024$ 1,956,422$ - 0$ 156,514$ (15,651)$ 2,097,285$ 2,097,285

N/A2025$ 2,097,285$ - 0$ 167,783$ (16,778)$ 2,248,289$ 2,248,289

N/A2026$ 2,248,289$ - 0$ 179,863$ (17,986)$ 2,410,166$ 2,410,166

N/A2027$ 2,410,166$ - 0$ 192,813$ (19,281)$ 2,583,698$ 2,583,698

N/A2028$ 2,583,698$ - 0$ 206,696$ (20,670)$ 2,769,724$ 2,769,724

N/A2029$ 2,769,724$ - 0$ 221,578$ (22,158)$ 2,969,144$ 2,969,144

N/A2030$ 2,969,144$ - 0$ 237,532$ (23,753)$ 3,182,923$ 3,182,923

N/A2031$ 3,182,923$ - 0$ 254,634$ (25,463)$ 3,412,093$ 3,412,093

N/A2032$ 3,412,093$ - 0$ 272,967$ (27,297)$ 3,657,764$ 3,657,764

N/A2033$ 3,657,764$ - 0$ 292,621$ (29,262)$ 3,921,123$ 3,921,123

N/A2034$ 3,921,123$ - 0$ 313,690$ (31,369)$ 4,203,444$ 4,203,444

N/A2035$ 4,203,444$ - 0$ 336,276$ (33,628)$ 4,506,092$ 4,506,092

N/A2036$ 4,506,092$ - 0$ 360,487$ (36,049)$ 4,830,530$ 4,830,530

N/A2037$ 4,830,530$ - 0$ 386,442$ (38,644)$ 5,178,328$ 5,178,328

N/A2038$ 5,178,328$ - 0$ 414,266$ (41,427)$ 5,551,168$ 5,551,168

N/A2039$ 5,551,168$ - 0$ 444,093$ (44,409)$ 5,950,852$ 5,950,852

N/A2040$ 5,950,852$ - 0$ 476,068$ (47,607)$ 6,379,314$ 6,379,314

N/A2041$ 6,379,314$ - 0$ 510,345$ (51,035)$ 6,838,624$ 6,838,624

N/A2042$ 6,838,624$ - 0$ 547,090$ (54,709)$ 7,331,005$ 7,331,005

N/A2043$ 7,331,005$ - 0$ 586,480$ (58,648)$ 7,858,837$ 7,858,837

N/A2044$ 7,858,837$ - 0$ 628,707$ (62,871)$ 8,424,674$ 8,424,674

N/A2045$ 8,424,674$ - 0$ 673,974$ (67,397)$ 9,031,250$ 9,031,250

N/A2046$ 9,031,250$ - 0$ 722,500$ (72,250)$ 9,681,500$ 9,681,500


Non-DB Trust

O & S Client




8.00%40.00%8.00%20.00%

65N/A2007$ 1,000,000$ - 0$ 80,000$ 1,080,000$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,080,000

N/A2008$ 1,080,000$ - 0$ 86,400$ 1,166,400$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,166,400

N/A2009$ 1,166,400$ - 0$ 93,312$ 1,259,712$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,259,712

N/A2010$ 1,259,712$ - 0$ 100,777$ 1,360,489$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,360,489

N/A2011$ 1,360,489$ - 0$ 108,839$ 1,469,328$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,469,328

N/A2012$ 1,469,328$ (1,469,328)$ - 0$ - 0$ - 0$ 881,597$ 70,528$ (7,053)$ 945,072$ 945,072

N/A2013$ - 0$ - 0$ - 0$ - 0$ 945,072$ - 0$ 75,606$ (7,561)$ 1,013,117$ 1,013,117

N/A2014$ - 0$ - 0$ - 0$ - 0$ 1,013,117$ - 0$ 81,049$ (8,105)$ 1,086,061$ 1,086,061

N/A2015$ - 0$ - 0$ - 0$ - 0$ 1,086,061$ - 0$ 86,885$ (8,688)$ 1,164,258$ 1,164,258

N/A2016$ - 0$ - 0$ - 0$ - 0$ 1,164,258$ - 0$ 93,141$ (9,314)$ 1,248,084$ 1,248,084

N/A2017$ - 0$ - 0$ - 0$ - 0$ 1,248,084$ - 0$ 99,847$ (9,985)$ 1,337,946$ 1,337,946

N/A2018$ - 0$ - 0$ - 0$ - 0$ 1,337,946$ - 0$ 107,036$ (10,704)$ 1,434,279$ 1,434,279

N/A2019$ - 0$ - 0$ - 0$ - 0$ 1,434,279$ - 0$ 114,742$ (11,474)$ 1,537,547$ 1,537,547

N/A2020$ - 0$ - 0$ - 0$ - 0$ 1,537,547$ - 0$ 123,004$ (12,300)$ 1,648,250$ 1,648,250

N/A2021$ - 0$ - 0$ - 0$ - 0$ 1,648,250$ - 0$ 131,860$ (13,186)$ 1,766,924$ 1,766,924

N/A2022$ - 0$ - 0$ - 0$ - 0$ 1,766,924$ - 0$ 141,354$ (14,135)$ 1,894,143$ 1,894,143

N/A2023$ - 0$ - 0$ - 0$ - 0$ 1,894,143$ - 0$ 151,531$ (15,153)$ 2,030,521$ 2,030,521

N/A2024$ - 0$ - 0$ - 0$ - 0$ 2,030,521$ - 0$ 162,442$ (16,244)$ 2,176,718$ 2,176,718

N/A2025$ - 0$ - 0$ - 0$ - 0$ 2,176,718$ - 0$ 174,137$ (17,414)$ 2,333,442$ 2,333,442

N/A2026$ - 0$ - 0$ - 0$ - 0$ 2,333,442$ - 0$ 186,675$ (18,668)$ 2,501,450$ 2,501,450

N/A2027$ - 0$ - 0$ - 0$ - 0$ 2,501,450$ - 0$ 200,116$ (20,012)$ 2,681,554$ 2,681,554

N/A2028$ - 0$ - 0$ - 0$ - 0$ 2,681,554$ - 0$ 214,524$ (21,452)$ 2,874,626$ 2,874,626

N/A2029$ - 0$ - 0$ - 0$ - 0$ 2,874,626$ - 0$ 229,970$ (22,997)$ 3,081,599$ 3,081,599

N/A2030$ - 0$ - 0$ - 0$ - 0$ 3,081,599$ - 0$ 246,528$ (24,653)$ 3,303,474$ 3,303,474

N/A2031$ - 0$ - 0$ - 0$ - 0$ 3,303,474$ - 0$ 264,278$ (26,428)$ 3,541,325$ 3,541,325

N/A2032$ - 0$ - 0$ - 0$ - 0$ 3,541,325$ - 0$ 283,306$ (28,331)$ 3,796,300$ 3,796,300

N/A2033$ - 0$ - 0$ - 0$ - 0$ 3,796,300$ - 0$ 303,704$ (30,370)$ 4,069,634$ 4,069,634

N/A2034$ - 0$ - 0$ - 0$ - 0$ 4,069,634$ - 0$ 325,571$ (32,557)$ 4,362,647$ 4,362,647

N/A2035$ - 0$ - 0$ - 0$ - 0$ 4,362,647$ - 0$ 349,012$ (34,901)$ 4,676,758$ 4,676,758

N/A2036$ - 0$ - 0$ - 0$ - 0$ 4,676,758$ - 0$ 374,141$ (37,414)$ 5,013,484$ 5,013,484

N/A2037$ - 0$ - 0$ - 0$ - 0$ 5,013,484$ - 0$ 401,079$ (40,108)$ 5,374,455$ 5,374,455

N/A2038$ - 0$ - 0$ - 0$ - 0$ 5,374,455$ - 0$ 429,956$ (42,996)$ 5,761,416$ 5,761,416

N/A2039$ - 0$ - 0$ - 0$ - 0$ 5,761,416$ - 0$ 460,913$ (46,091)$ 6,176,238$ 6,176,238

N/A2040$ - 0$ - 0$ - 0$ - 0$ 6,176,238$ - 0$ 494,099$ (49,410)$ 6,620,927$ 6,620,927

N/A2041$ - 0$ - 0$ - 0$ - 0$ 6,620,927$ - 0$ 529,674$ (52,967)$ 7,097,634$ 7,097,634

N/A2042$ - 0$ - 0$ - 0$ - 0$ 7,097,634$ - 0$ 567,811$ (56,781)$ 7,608,663$ 7,608,663

N/A2043$ - 0$ - 0$ - 0$ - 0$ 7,608,663$ - 0$ 608,693$ (60,869)$ 8,156,487$ 8,156,487

N/A2044$ - 0$ - 0$ - 0$ - 0$ 8,156,487$ - 0$ 652,519$ (65,252)$ 8,743,754$ 8,743,754

N/A2045$ - 0$ - 0$ - 0$ - 0$ 8,743,754$ - 0$ 699,500$ (69,950)$ 9,373,305$ 9,373,305

N/A2046$ - 0$ - 0$ - 0$ - 0$ 9,373,305$ - 0$ 749,864$ (74,986)$ 10,048,183$ 10,048,183


No Rollover

O & S Client




8.00%40.00%8.00%20.00%

656030N/A2007$ 1,000,000$ - 0$ 80,000$ 1,080,000$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,080,000

6131N/A2008$ 1,080,000$ - 0$ 86,400$ 1,166,400$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,166,400

6232N/A2009$ 1,166,400$ - 0$ 93,312$ 1,259,712$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,259,712

6333N/A2010$ 1,259,712$ - 0$ 100,777$ 1,360,489$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,360,489

6434N/A2011$ 1,360,489$ - 0$ 108,839$ 1,469,328$ - 0$ - 0$ - 0$ - 0$ - 0$ 1,469,328

653521.02012$ 1,469,328$ (69,968)$ 111,949$ 1,511,309$ - 0$ 41,981$ 3,358$ (336)$ 45,003$ 1,556,312

663620.22013$ 1,511,309$ (74,817)$ 114,919$ 1,551,411$ 45,003$ 44,890$ 7,192$ (719)$ 96,366$ 1,647,777

3719.22014$ 1,551,411$ (80,803)$ 117,649$ 1,588,257$ 96,366$ 48,482$ 11,588$ (1,159)$ 155,277$ 1,743,534

3818.22015$ 1,588,257$ (87,267)$ 120,079$ 1,621,069$ 155,277$ 52,360$ 16,611$ (1,661)$ 222,587$ 1,843,656

3917.22016$ 1,621,069$ (94,248)$ 122,146$ 1,648,967$ 222,587$ 56,549$ 22,331$ (2,233)$ 299,233$ 1,948,200

4016.22017$ 1,648,967$ (101,788)$ 123,774$ 1,670,953$ 299,233$ 61,073$ 28,825$ (2,882)$ 386,248$ 2,057,201

4115.22018$ 1,670,953$ (109,931)$ 124,882$ 1,685,9

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