Calculators

Please try our wide variety of interactive financial problem solvers. Simply enter your criteria and you'll get your questions answered with dynamic graphs and personalized reports.

What Is My Projected Required Minimum Distribution?

Current tax law specifies that once you reach age 70-1/2 you must begin making taxable withdrawals from your IRAs and many other retirement plans. These minimum distributions are calculated annually based on your age, plan balance at the end of the previous year, marital status and spouse's age. If you do not meet the annual minimum distribution, you may be subject to a 50% penalty on your underpayment, plus ordinary income tax as the funds are withdrawn.


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At MAT Accountants & Advisors, we've been serving the accounting needs of Orland Park, IL and the surrounding areas for years. If you need help managing any aspect of your home or business's finances, we want to hear from you.

Please fill out this form and let us know how we can be of service. We will happily offer you a FREE initial consultation to determine how we can best serve you.

Thank you for visiting. We look forward to working together!

MAT Accountants & Advisors

8000 West 159th St., STE 2 S,
Orland Park, IL 60462
T: (312) 281-2091
F: (708)364-1749
E: Info@mataccountants.com

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Orland Park Office:
8000 W. 159th St., STE 2 S, Orland Park, IL 60462

Chicago Office:
161 North Clark Street, Ste 1600, Chicago, IL 60601

Hammond Office:
7425 Indianapolis Blvd., Hammond, IN 46324

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