DavidD66
Expert Alumni

Retirement tax questions

Generally, a RMD is calculated for each account by dividing the prior December 31 balance of that IRA or retirement plan account by a life expectancy factor that the IRS publishes in Tables in Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).

 

There are a plethora of websites that have online RMD calculators you can use to calculate your RMD.  This list includes Charles Schwab, Fidelity, E*Trade, New York Life, Investor.gov

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