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How to calculate required minimum distribution?

Calculating Required Minimum Distributions for Inherited IRAs Step One. ... Step Two. ... Step Three: Divide your IRA balance of $100,000 by your life expectancy factor of 17.8. ... Step Four: Next year, you will look at age 70 (your factor would be 17.0). ... Step One: Are you a spouse below age 72? ... Step Two: If you are a spouse over age 72, let's assume your IRA balance on December 31 of the previous year was $100,000. More items...

When must I start required minimum distributions?

This requirement is called a required minimum distribution, or RMD. Your first RMD must occur by April 1st of the year after you reach age 70 ½, 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.


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