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The following table indicates your RMD age based on the year you were born if the proposed rule goes into effect. ... 1951-1959. 73. 1960 or later. 75. Data source: IRS. Keep in mind you can delay ...
3. Workplace retirement plans have an RMD exception. If you have a retirement plan at work, such as a 401(k) or 403(b), there’s an important RMD exception.
You take your account balance at the end of the previous year -- 2023 for your 2024 RMD -- and divide it by the distribution period next to your age in the Uniform Lifetime Table. For example, if ...
If you’ve reached age 72, you must take RMDs. Use this table as a guide.
IRA Required Minimum Distribution (RMD) Table for 2023. The age for withdrawing from retirement accounts was increased in 2020 to 72 from 70.5. The SECURE 2.0 Act, though, raised the age for RMDs ...
Required minimum distributions (RMDs) are mandatory annual withdrawals the government makes you take from most retirement accounts beginning the year you turn 73. You may have already met your RMD ...
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