This post discusses how to calculate an RMD.
Have a tax question burning in your mind? E-mail me at firstname.lastname@example.org. (Ask Jason has been discontinued) DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. Q: My mother had an IRA of [...]
I've received a few questions recently about "required minimum distributions" (RMDs), so I will address the basics of RMDs in this article. If you're over age 70 1/2, you may be required to take an RMD from your retirement accounts. Non-spouse beneficiaries who inherit IRAs or 401(k) funds may also be subject to RMD rules BEFORE [...]