Rmd Distribution Table For 2024. The distribution period for your case is: Here is the rmd table for 2024, which is based on the irs’ uniform lifetime table, which is the most widely used table (it is table 3 on page 65).
Use our required minimum distribution (rmd) calculator to determine how much money you need to take out of your traditional ira or 401 (k) account this year. Your rmd for 2024 is $8,130.08.
Expected Rate Of Return I.
Money can’t stay in an ira or 401 (k) forever.
Divided By 25.5 Distribution Period;
3 new required minimum distribution (rmd) rules retirees need to know about in 2024.
How Is My Rmd Calculated?
Images References :
Your Life Expectancy Factor Is Taken From The Irs.
Deadline for receiving required minimum distribution:
When You Turn 90, It Will Be 12.2 Years.
When you turn 74, it will be 25.5 years.
Using The Correlating Irs Table, Your Distribution Period Is 25.5 And Your Required Minimum Distribution For 2024 Would Be $7,843 ($200,000 ÷ 25.5).