How Much Is the Required Minimum Distribution (RMD) if You Have $500,000 in Your Retirement Account?
Based on the Uniform Lifetime Table, your life expectancy factor for the calculation is 26.5. Dividing $500,000 by this factor gives you an RMD of $18,868. It's also worth noting that if you have ...
The Internal Revenue Service (IRS) provides various tables to help ... The increase in the RMD age to 73 is just one example of how retirement strategies must adapt to new laws.
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New Year's Eve RMD Deadline: What to Know and What to DoDecember 31 is the annual cutoff date for required minimum distributions (RMDs ... as determined by IRS tables. Failing to withdraw the required amount by the deadline can result in a penalty ...
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