Question

 What is the required minimum distribution of an IRA beneficiary?

Answer 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 »
http://www.answerbag.com/q_view/1899008

Top Q&A For: What is the required minimum distribution of an...

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 »
http://www.answerbag.com/q_view/1940345

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 »
http://www.answerbag.com/q_view/1908925

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 »
http://www.answerbag.com/q_view/2257993

How Do I Compute Minimum IRA Distribution?

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 »
http://www.answerbag.com/q_view/1897846


feedback
loading