How Does the IRS Calculate Your RMD?
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YouTubeMike McCulloch, CFP®
How Does the IRS Calculate Your RMD?
Ever wonder how the IRS calculates your Required Minimum Distribution (RMD)? In this short clip, I break down the basic formula the IRS uses to determine how much you must withdraw each year in retirement. Pulled from my full-length RMD video, this is a quick and helpful explainer. đź“Š Understanding the math can help you avoid costly mistakes ...
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