make the total withdrawal from one account or a combination of accounts. your rmd is determined by dividing the balance in any given account at the end of the prior calendar year by your life expectancy as determined by the irs . if you are 75 and single, for example, the irs says you...
Higher returns on investments are nothing to fret over, but it can lead to unexpected financial consequences for seniors. That's because of required minimum distributions (RMD), which are mandatory withdrawals that investors must take from retirement accounts starting at age 73. In part thanks to ...