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H
HenryRubyEmber
February 21, 2025
Question

how to calculate an RMD

  • February 21, 2025
  • 1 reply
  • 0 views
calculate simple IRA RMD

    1 reply

    M
    MayaD
    February 21, 2025

    The IRA custodian or retirement plan administrator may calculate the RMD, however, the account owner is ultimately responsible for taking the correct RMD amount.

     

    A RMD is calculated for each account by dividing the prior December 31 balance of that IRA or retirement plan account by a life expectancy factor that the IRS publishes in Tables in Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs). Choose the life expectancy table to use based on your situation.

    See the worksheets to calculate required minimum distributions

     

    For more information check : irs.gov

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