So, let’s say you just turned 78. If your IRA balance was $100,000, your RMD for the year would be $4,545.45.

So if you are age 78 and you have an IRA balance of $100,000, your RMD for the year would be $4,545.45 (which is calculated by dividing your balance by distribution period years in the table above).

If so, whether or not you need it -- or even want it -- you will be legally required to start taking money out of ...

For an example of how that works, here’s a link to the IRS Uniform Lifetime Table. Third, calculate your RMD with your life expectancy factor. Let’s say you’re 73 years old.

A required minimum distribution (RMD) is the minimum amount of money you must withdraw from your retirement plans annually after reaching a certain age, depending on your birth year. Mind Your ...

In this video, I'll walk you through how the RMD rules work and how to calculate your own required distribution for 2025. *Stock prices used were the morning prices of March 6, 2025.

To calculate yours, take your account balance at the end of 2023 and divide it by the distribution period for your age, listed in the IRS Uniform Lifetime Table.

This IRS-mandated rule requires you to withdraw your RMD amount at least once a year. If you have a traditional IRA, 401 (k), 403 (b), or other tax-deferred retirement account, RMDs are required.

A required minimum distribution (RMD) is the minimum amount of money you must withdraw from your retirement plans annually after reaching a certain age, depending on your birth year. Mind Your Money ...