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).

For example, Joe Retiree, who is age 80, a widower and whose IRA was worth $100,000 at the end of last year, would use the Uniform Lifetime Table. It indicates a distribution period of 20.2 years ...

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).

Before we dive into the RMD table, we need to back up and explain how required minimum distributions work. The IRS requires that everyone take distributions from certain retirement accounts once ...

You turn 74 in 2024. Using the correlating IRS table, your distribution period is 25.5 and your required minimum distribution for 2024 would be $7,843 ($200,000 ÷ 25.5).

You can find the distribution period using the IRS's Uniform Lifetime Table, or the IRA Required Minimum Distribution Worksheet if your spouse is the sole beneficiary and is more than 10 years ...

Then, divide that amount by a life expectancy factor. The IRS provides this factor in tables found in Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).

The required minimum distribution from a traditional IRA for a calendar year is a percentage of the value of the IRA on Dec. 31 of the preceding calendar year. However, under the proposed regulations ...