For Annuity (Qualified IRA) & first year of RMD 2016- what is 1st yr of withdrawals based on Balance of Dec 31st or other - (Total contributions previously taxed)

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For an Annuity (Qualified IRA) with the  first year of RMD withdrawal in 2016- what is 1st yr of withdrawals based on -is it  Balance as  of Dec 31st or another date  (Total contributions previously taxed)

[DDollar · Accepted solution]

The required minimum distribution for any year is the account balance as of the end of the immediately preceding calendar year divided by a distribution period from the IRS’s “Uniform Lifetime Table.”  So, if the year of the first RMD was  2016, it would be based on the value as of December 31, 2015.