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March 16, 2025
Question

RMD required amount per year

  • March 16, 2025
  • 2 replies
  • 0 views
where do I find my RMD rquired amount per year

2 replies

Employee
March 16, 2025

Your RMD is generally calculated by your financial institution. 

JohnB5677
March 16, 2025

Your Broker can and will calculate your RMD for the account they manage.

  • Provided you've received all of your 1099-R's
  • And you did not take any additional distributions
  • Your RMD would equal your 1099-R total

The RMD is a portion of your total contributory retirement accounts that you must withdraw each year.

The minimum distribution rules apply to these types of plans:

  • Traditional IRAs
  • SEP IRAs
  • SIMPLE IRAs
  • 401(k) plans
  • 403(b) plans
  • 457(b) plans
  • Profit sharing plans
  • Other defined contribution plans
  • Roth IRA beneficiaries

 

 

 

 

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