How Do I Compute Minimum IRA Distribution?

Answer Figuring out your minimum individual retirement account (IRA) distribution or required minimum distribution (RMD) is critical to avoid tax penalties when the time comes to make such withdrawals. Ge... Read More »

Top Q&A For: How Do I Compute Minimum IRA Distribution

IRS IRA Minimum Distribution Rules?

IRAs (Individual Retirement Accounts) have tax advantages, encouraging people to save money for retirement. Tax-deferred IRAs allow you to deduct the amount of the contribution from your taxes, and... Read More »

What is the required minimum distribution for an IRA?

The required minimum distribution is the amount a person must take out of his IRA every year, beginning in the calendar year during which he reaches 70-1/2 years old. Determine the correct amount b... Read More »

What is the minimum required IRA distribution?

An IRA, short for Individual Retirement Account, is a tax-advantaged way to put money aside for your retirement. Money in this account grows tax free; some accounts give a tax deduction for contrib... Read More »

What is the required minimum distribution on IRA withdrawals?

Upon reaching 70.5 years old, Internal Revenue Service rules require a minimum distribution from a traditional IRA by April 1 of the following year and each year after. The amount depends on total ... Read More »