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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