The table shown below is the Uniform Lifetime Table, the most commonly used of three life-expectancy charts that help retirement account holders figure mandatory distributions. The IRA has other tables for beneficiaries of retirement funds and account holders who have much younger spouses. IRA requir...
For an Allianz IRA annuity, the value can generally be found on IRS form 5498. 2 These tables in Treas. Reg. Section 1.401(a)(9)-9 were updated beginning January 1, 2022. 3 Amount shown assumes the RMD for the IRA or qualified plan has been distributed at the end of the year. ...
Here's an example. Bob, a retirement account holder, turned 74 on Oct. 1. His IRA was worth $205,000 on Dec. 31 of the prior year. To calculate the annual amount to be withdrawn, that prior Dec. 31 balance is divided by the distribution factor from the relevant IRS table. That me...
RMD = Account balance at end of last year/Age-based distribution period from IRS table You can find those distribution periods in three tables: If you’re married, the sole beneficiary of your account is your spouse, and they are more than 10 years younger than you, you use the IRS’s...
RMD = Account balance at end of last year/Age-based distribution period from IRS table You can find those distribution periods in three tables: If you’re married, the sole beneficiary of your account is your spouse, and they are more than 10 years younger t...