Pershing Retirement Calculators

Pershing has launched new Retirement Calculators in the Retirement Center under the Tools tab in NetX360. These calculators are designed to aid your customers in planning contributions, withdrawals, investments and beneficiary distributions. Calculators include:


Roth ConversionModel various contribution scenarios and to view the potential impact Roth contributions may have on your retirement savings and distributions.


Stretch IRA – Help clients stretch out their retirement account payments as far as possible. To use this tool you will need to enter the owner’s birth date, the owner’s age at death, the previous year end value, the owner’s age at year end, the annual return rate, the retirement plan type, the beneficiary’s birth date, the beneficiary’s age at death, and if the beneficiary is the owner’s spouse. This calculator will look at this information and determine the best withdrawal plan possible to make the IRA account last as long as possible.


Net Unrealized Appreciation– Assist clients in determining the possible tax benefits of transferring your 401(k) investments to a taxable account. To use this tool you will need to enter the balance of your 401(k) at the time of the distribution, the total stock purchased using cost basis, the current rate of return on your investments, holding period years, holding period months, capital gains rate, and marginal income tax rate. You will also need to disclose if you “separated from service at age 55 old or older,” if your “initial distribution will be at age 59 ½ or older,” and if “your final distribution will be at age 59 ½ or older.” This calculator will run these figures and show you your total immediate taxes and total future taxes for each investment scenario.


Beneficiary IRA Distribution – Assist beneficiaries in calculating the distribution amounts required to be withdrawn from a beneficiary IRA. Beneficiary IRA distributions must generally begin in the year following the year of the IRA owner’s death. If the IRA owner dies after his/her required beginning date (i.e. April 1 following the year he/she attained age 70½), the beneficiary must take the IRA owner’s required minimum distribution for the calendar year if it was not withdrawn prior to the IRA owner’s death. This Beneficiary IRA Distribution Calculator should not be used for: 1) IRAs of trust beneficiaries; 2) IRAs that received a direct rollover on behalf of a non-spouse beneficiary from a qualified plan; and 3) to determine the RMD after the death of the original beneficiary.


Required Minimum DistributionAssist IRA owners in calculating the distribution amounts required to be withdrawn from an IRA.


72(t) and 72(q) – Assist clients in calculating substantially equal periodic payments under IRC Section 72(t) and 72(q)which are exempt from the 10% penalty tax on early distributions. IRC Section 72(t) and 72(q) requires the client to irrevocably choose one method and receive these payments until the later of five years or attainment of age 59½.


Compare IRAAssist clients in determining their eligibility for a Traditional or Roth IRA and illustrate the potential maximum annual contribution.