I am retiring this year and have to take RMD from this acct. Do I use the 12/31/2018 acct. value to calculate my RMD or the acct. value on the date of my retirement?

I am retiring this year and have to take RMD from my 401K. Do I use the 12/31/2018 acct. value to calculate my RMD or the acct. value on the date of my retirement?

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1 Best answer

Level 15

Jun 1, 2019 2:49:24 PM

The value on 12/31/2018.

Level 15

Jun 1, 2019 2:49:24 PM

The value on 12/31/2018.

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I am retiring this year and have to take RMD from this acct. Do I use the 12/31/2018 acct. value to calculate my RMD or the acct. value on the date of my retirement?