The April 1, 2025, deadline for required minimum distributions (RMDs) is fast approaching for retirees who turned 73 in 2024.

If you have money in retirement accounts, you may have to start taking required minimum distributions, or RMDs, when you turn 73 -- even if you don't need the money. Specifically, if you have money in ...

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Some retirees have just one day remaining to complete the first required minimum distribution or face a significant fine.

You could try a simple online calculator, such as Kiplinger’s RMD calculator. Or you could do it manually, too. To get started, go to the uniform lifetime table (or the joint life expectancy ...

To calculate your RMD, the IRS will use a formula that ... For an example of how that works, here’s a link to the IRS Uniform Lifetime Table. Let’s say you’re 73 years old.

Many answers to questions about RMDs can be found at Required Minimum Distribution FAQs on IRS.gov. To determine their distribution amount, most taxpayers can use Table III (Uniform Lifetime) on that ...

Based on the Uniform Lifetime Table, your life expectancy factor for the calculation is 26.5. Dividing $500,000 by this factor gives you an RMD of $18,868. It's also worth noting that if you have ...