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What Is a Required Minimum Distribution?
Formula
RMDs are mandatory annual withdrawals from tax-deferred retirement accounts starting at age 73 (per SECURE Act 2.0).
The amount is calculated by dividing your account balance by the IRS life expectancy factor for your age.
Common use cases:
- Retirement withdrawal planning
- Tax planning for retirees
- Avoiding IRS penalties
Frequently Asked Questions
Sarah Chen
Financial Analyst, CFA
Sarah is a Chartered Financial Analyst with over 8 years of experience in investment management and financial modeling. She specializes in retirement planning and compound interest calculations.
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