Calculating Your RMD in 5 Easy Steps

Calculating Your RMDWhat is an RMD?
(required minimum distribution)

Here are 5 steps to calculating your RMD. This is the minimum amount that must be withdrawn from a retirement account each year.

When are you subject to RMDs?

Traditional IRA owners are subject to RMDs beginning in the year in which they turn 70½. Beneficiaries of IRAs and/or Roth IRAs are subject to RMDs beginning in the year after the year of the IRA (or Roth IRA) account owner’s death.

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