Required minimum distribution this year
$20,325.20
Based on the IRS Uniform Lifetime Table at age 75
IRS distribution period
24.6 years
Percent of balance
4.07%
The deadline for your annual RMD is December 31 (April 1 of the following year for your very first RMD). Missing an RMD triggers a 25% excise tax on the amount not withdrawn — reduced to 10% if corrected within two years.
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