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posted Jan 21, 2025 7:15:47 AM

what is the formula for calculating a required minimum distribution from a 401K for a person who turned 73 in 2024?

I need to calculate the amount I need to withdraw from my 401K, since I turned 73 in 2024.

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1 Replies
Level 15
Jan 21, 2025 7:36:28 AM

The financial institution that holds the 401k account can calculate your RMD----ask them.