If you hold retirement funds in a tax-deferred
account (IRA, 401(k), etc), federal law requires that you begin withdrawing
at least a minimum amount each year once you reach age 70 1/2. This calculator
will assist you in determining your required minimum distribution (RMD) under
new IRS rules passed in January, 2001.
Please note that the new rules apply automatically to IRAs, but other types
of retirement plans must be amended to adopt them (please see your plan sponsor).
The new rules (which this calculator is based on) also do not apply if your
primary beneficiary is a spouse who is more than ten years younger than you.
The deadline for your first RMD is generally April 1 of the year after you reach
age 70 1/2. In subsequent years, your RMD deadline is December 31.
NOTE: Other than decimal points,
do not enter any other non-numeric characters (commas, dollar signs, etc.)
in the entry boxes. Doing so will cause a JavaScript error.
