Required Minimum Distributions and Your Traditional IRA

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Will I have to take Required Minimum Deductions with a Traditional IRA?

Required Minimum Distributions and Your Traditional IRA

Traditional IRAs don't sit around forever earning interest. At the time you reach 70 1/2 years old you must take what is called, “Required Minimum Deductions”. The Required Minimum Deductions will be calculated by the trustee of the IRA. There is also a penalty fee if the Required Minimum Deduction is not administered by the due date.

   

Comments

12/18/2008 9:27:32 AM
C.Roush said:

WHERE IS THE ....... TABLE FOR RMD??????? ALL I AM LOOKING FOR IS THE # TO DO THE MATH ON MY END OF YEAR IRA INVESTMENTS. CALULATORS EVERY WHERE.... BUT NO BASIC TABLE BY AGE!!!!!!!!!!!!!



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