of the retirement account in the prior year-end using the applicable distribution period or life expectancy.3Your account custodian can tell you what your RMD is or you cancalculate it on your ownusing IRS worksheets. Make sure that you're using the latest worksheets because the tables are ...
(Again, we've created an easy-to-use tool that computes RMDs from traditional IRAs for you.) Fortunately, thanks to changes to the life expectancy tables, most seniors will have smaller RMDs for 2022 when compared to previous years. 6 RMD Changes We Could See This Year If you...
RMDs are calculated by dividing the balance of an IRA or retirement plan account as of December 31 of the previous year by a life expectancy factor published by the IRS. Three life expectancy tables are used to calculate RMDs and apply them under different situations. Table I Single Life Expe...