How do I calculate RMD?

duncombeb · ‎April 3, 2023

xmasbaby0 · ‎April 3, 2023

The bank or financial institution that handles your retirement account can calculate your RMD for you. Ask them or check on their website.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

MinhT1 · ‎April 3, 2023

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).

Please read this IRS document for more information.

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VolvoGirl · ‎April 3, 2023

See IRS pub 590B for Distributions. There is a RMD worksheet starting on page 46
https://www.irs.gov/pub/irs-pdf/p590b.pdf

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How do I calculate RMD?