That means Bob divides $205,000 by 25.5, which is the distribution period from the latest Uniform Lifetime Table for a 74-year-old. There are other tables for beneficiaries of retirement accounts and account holders with much younger spouses.35 RMD=$205,00025.5=$8,039.21RMD=25.5$205,000...
For example, say you are married, your spouse isn’t more than 10 years younger than you (and not the sole beneficiary) and you turned 74 in October 2022. The value of your traditional IRA on Dec. 31, 2022, was $1,000,000. Using Uniform Lifetime Table III, you see that the distr...
Scott starts with the balance on his account on Dec. 31 of the preceding year: $495,000. He divides this amount by the life expectancy factor of a person's age and life situation using the IRS Uniform Lifetime Table to arrive at the estimated RMD for the year. For Scott,...