Do I have to take RMD if I get regular monthly distributions totally $7685.76/yr on a total initial deposit of $153,000.00?

[griffinenterpris]

Because of poor economy, valoued at $129,000.00 now. I never received info from payer about taking min. RMD.

[KenH1 · Accepted solution]

RMDs are simply a percentage of your IRA assets that must be withdrawn every year.  Those percentages start at 3.65% of your IRA for a 71 year old and gradually increase from there. 

See this table: http://www.themoneyalert.com/RMD-Tables.html

By my calculation, you are withdrawing 5% per year, so if you are 78 or younger, your RMD is satisfied for that particular account.

I would contact the administrator of your annuity IRA to confirm this.