How Much Is the Required Minimum Distribution (RMD) if You Have $250,000 in Your Retirement Account. By James Brumley – Apr 28, 2025 at 5 ... The IRS offers RMD worksheets, ...

In order to calculate your RMD correctly, you will have to know what each pre-tax IRA account’s ending balance was on Dec. 31 of the prior year, so make sure you have that information handy.

“If you take your first RMD in 2022, you will have to take your second one by Dec. 31 of that year,” he said. “To calculate the RMD for any year using the IRS worksheet, you will use your ...

You have asked what age line on the IRS RMD worksheet you are to use to determine your RMD. In most cases, you will use Table III found in IRS Publication 590-B, he said.

For example, if your RMD for one account is $8,000 and your RMD for another is $2,000, you could withdraw all $10,000 from one, $5,000 from each, or any combination you like as long as you take ...

Q. I turned 71 in October 2020. I have not yet taken a Required Minimum Distribution (RMD) from my IRA accounts because of last year’s changes from COVID. What age line on the IRS RMD worksheet ...

Q. I turned 71 in October 2020. I have not yet taken a Required Minimum Distribution (RMD) from my IRA accounts because of last year’s changes from COVID-19. So for this year, what age do I use ...