As a general rule, your RMD is calculated for each qualifying retirement account by dividing the previous December 31st balance by the life expectancy factor as published by the IRS publishes in the respective Tables in Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs). Select the life expectancy table based on your current circumstance.
Joint and Last Survivor Table II – this table is used if the account’s sole beneficiary is your spouse and your spouse is over ten years younger than you are.
Uniform Lifetime Table III – this table is utilized if your spouse is not the sole beneficiary or if your spouse is not more than ten years younger
Single Life Expectancy Table I – this table is used if you are the beneficiary of an applicable retirement account (an inherited IRA)
See the IRS worksheets to calculate the RMDs.
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