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(k) required minimum distributions start at age 73. Understand how to calculate when you have to take RMD withdrawals from ...
To calculate your RMD, simply divide the account balance by the life expectancy factor. Therefore, $1 million divided by 24.6 ...
Do the ins and outs of required minimum distributions (RMDs) from individual retirement accounts (IRAs) have you feeling a bit overwhelmed? Maybe you're turning 73 years old this year and will ...
Once you reach the age of 73, the IRS requires you to make minimum annual distributions from non-Roth retirement accounts. You must calculate your own RMD based on the value of your ordinary IRAs ...
Now's your opportunity to lower your future RMDs with a strategic distribution.
A required minimum distribution (RMD) is the smallest amount of money that must be withdrawn from certain types of retirement accounts each year.
The Internal Revenue Service provides life expectancy tables for this calculation. Generally, your administrator will provide you with the amount of your required minimum distribution.
Once you hit required minimum distributions age (73), how much control do you have over the timing, amount, and source of your distributions? Let’s examine each of the levers.
While you don’t have much control over when required minimum distributions start, you have a bit of discretion over the amount.
Do the ins and outs of required minimum distributions (RMDs) from individual retirement accounts (IRAs) have you feeling a bit overwhelmed? Maybe you're turning 73 years old this year and will ...