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How to figure out your RMD?

how do you calculate your RMD?
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2 Replies
MaryK4
Expert Alumni

How to figure out your RMD?

You can use the IRS calculators located at Required Minimum Distribution Worksheets.

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How to figure out your RMD?

And you only have to figure it for a 401k, TSP, or IRA...retirement accounts where you have to initiate the payment.

 

For Pension $$ that you are already receiving monthly, and that you have no control over anymore?  For those the RMD is whatever you receive for the year. Just the box 1 value of the 1099-R form.  The payer of the pension has already made sure the $$ sent comply with the IRS RMD requirements..

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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