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Frequently Asked Questions

When must you take RMD distribution?

The RMD allows the IRS to get their share. When Must You Start Taking Required Minimum Distributions? Your first RMD must occur by April 1st of the year afteryou reach age 70 1/2, but most people will find it most tax-efficient to take their first distribution in the year they reach age 70 1/2. Example: Bob’s birthday is in February.

What is the formula for calculating a RMD?

RMD Formula. RMD are calculated by dividing the account's worth on December 31 of the previous year by the account owner's life expectancy according to the applicable IRS life expectancy tables.

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