If you have money in retirement accounts, you may have to start taking required minimum distributions, or RMDs, when you turn ...

Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a ...

that you will use to calculate your RMD. Then, take the following steps: Locate your age on the IRS Uniform Lifetime Table ...

Many retirees struggle with accurately determining their RMD due to confusion about which IRS life expectancy table to use or how to account for year-end account balances. This can result in ...

you need to calculate your RMD using a Joint Life Expectancy Table. The calculation includes your age and your spouse’s age, which can result in longer life expectancy, which can also reduce ...

The IRS uses three life expectancy tables for various RMD situations, but the one that applies to inherited IRAs is called Table I (Single Life Expectancy). You can find it in Appendix B of IRS ...

If a designated beneficiary is subject to the life expectancy rule and failed to take an RMD for a year, they would owe the IRS an excise tax of 50% (reduced to 25% as of 2023) on any RMD shortfall.

called the Uniform Lifetime Table (find the tables in IRS Publication 590). That factor is based on your remaining life expectancy. (In this story, each RMD calculation is for 2014 and assumes a ...

According to the IRS, a RMD is generally calculated for each of your accounts by dividing the prior Dec. 31 balance by a life expectancy factor from the IRS. Why are you required to make these ...

you need to calculate your RMD using a Joint Life Expectancy Table. The calculation includes your age and your spouse’s age, which can result in longer life expectancy, which can also reduce ...