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February 5, 2025
Question

RMD I don’t know what my RMD was for this y

  • February 5, 2025
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    1 reply

    February 5, 2025

    To calculate your Required Minimum Distribution (RMD) for this year:

    1. Find Your Life Expectancy Factor: Use the IRS Uniform Lifetime Table.
    2. Calculate RMD: Divide your account balance (as of December 31 last year) by your life expectancy factor.

    For example: For an account balance of $100,000 and an age of 75, your Required Minimum Distribution (RMD) is calculated as follows:

    1. Find Your Life Expectancy Factor: For age 75, the life expectancy factor from the IRS Uniform Lifetime Table is 22.9.
    2. Calculate RMD: Divide your account balance by the life expectancy factor: RMD=$100,00022.9≈$4,366.81RMD=22.9$100,000​≈$4,366.81

    Please see RMD Calculators below:

     

    fanfare
    Employee
    February 6, 2025

    did you sign up with the custodian for automatic RMD delivery?

    @porfiliosilva