What is the required minimum distribution for an IRA?

Answer 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 »

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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 »

What is the required minimum distribution of an IRA beneficiary?

A Required Minimum Distribution (RMD) is the least amount an IRA owner (age 70½ or older) must withdraw each year. The amount varies by IRA balance and the retiree's age. To calculate the amount f... Read More »

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 »