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When you are the beneficiary of a retirement plan, specific IRS rules regulate the minimum withdrawals you must take. If you want to simply take your inherited money right now and pay taxes, you can. But if you want to defer taxes as long as possible, there are certain distribution requirements with which you must comply. Use this calculator to determine your Required Minimum Distributions (RMD) as a beneficiary of a retirement account.

These calculators only apply to the first generation beneficiary not a second generation beneficiary. In the event of the first beneficiaries death, the second beneficiary should contact their own tax advisor for information on the appropriate RMD calculation.