It sounds like you may be asking about Required Minimum Distributions. By law, your IRA administrator (brokerage, bank, etc.) is generally required to calculate the RMD for the next year based on your December 31st account balance and inform you of the amount by January 31st. This document should be either mailed to you or electronically delivered, if that's the choice you made to receive communications from them.
Hope this helps!
Cindy
**Please say "Thanks" by clicking the thumbs up icon in a post
***Mark the post that answers your question by clicking on the "Mark as Best Answer"
