Find the distribution factor listed on the calculation tables that corresponds to your age on your birthday for the current year. For most people, this factor number ranges from 27.4 down to 1.9. As a person gets older, the factor number goes down. Divide the account balance by the factor ...
If I roll over 401k or IRA funds into an immediate annuity at age 75, will the annuity payments count as Required Minimum Distributions? Based on your web site calculator, it appears that the annuity payout rates exceed the minimum amounts per the IRS RMD tables. Hersh Stern (ImmediateAnnui...
(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 have more...