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Calculating RMD
Calculating RMD. I turned 72 last year and trying to determine my rmd. My wife has a retirement account and so do I. She will not turn 72 till next year. Given that, is my RMD calculated only on my account? Or both of ours. Secondly, I assume that the RMD that is required to be pulled is before taxes on this withdrawal. Example, if my RMD was $50,000 do I just have to pull $50,000 or have to pull $50,000 plus amount to cover the income taxes?
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‎February 12, 2023
5:42 PM