ProjectionLab Improves Life Expectancy and RMD Calculations (March 2025 Update)
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ProjectionLab just released several updates to its financial planning software.
Its new partner life expectancy milestone makes it easy to model one partner outliving the other. While not something one likes to dwell on, the death of a spouse has significant implications for the surviving spouse and their retirement plan.
The new feature makes it easy to set the life expectancy of each spouse and to change it to model different scenarios. When the first spouse passes, ProjectionLab can account for any asset transfers, step-up in basis, and tax filing status changes.
Kyle and his team have also improved the RMD calculations for those spouses with a 10+ year age gap. When once spouse is younger by more than ten years, you use the Joint Life and Last Survivor Table for the RMD calculations.
You can check out my review of ProjectionLab here and my list of the best retirement planners.
Rob Berger is a former securities lawyer and founding editor of Forbes Money Advisor. He is the author of Retire Before Mom and Dad and the host of the Financial Freedom Show.