HOW ARE RMDS CALCULATED?
- Posted by Richard Winters, CFP®, CRPC®
- On March 16, 2020
RMDs, or Required Minimum Distributions, are calculated by dividing your traditional IRA or retirement plan account balance by a life expectancy factor specified in either the Uniform Lifetime Table or the Single Lifetime Table. Your account balance is usually calculated as of December 31 of the previous year. You are allowed to defer your first RMD (the year […]Read More