DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

How Much Is the Required Minimum Distribution (RMD) if You Have $100,000 in Your Retirement Account?

April 13, 2025
in News
How Much Is the Required Minimum Distribution (RMD) if You Have $100,000 in Your Retirement Account?
498
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Are you going to be at least 73 years old this year? Do you have any money sitting in an ordinary (non-Roth) IRA? If your answer to both questions is “yes,” then here’s some bittersweet news — whether or not you want to, you’re required to withdraw at least some money from the account each year. It’s called a required minimum distribution, or RMD.

Exactly how much you must withdraw depends on your age and account balance. The older you are, the bigger the required withdrawal. To put it in perspective, here are the required minimum distributions over a range of ages, assuming your IRA ended last year with a value of $100,000 (calculations are based on life expectancy numbers from the IRS and rounded to the nearest dollar).

(If you’re wondering, at age 120 or older, your RMD is always half the IRA’s prior year-end balance.)

There are some footnotes to add here. Chief among them is the fact that these distributions are considered taxable income. You’ll also want to know that these figures can change if your spouse is your IRA’s sole beneficiary and ten or more years younger than you. Be sure to review the IRS materials or consult a qualified tax professional for those details.

As for timing, required minimum distributions are to be completed by the end of each calendar year, with one exception. For the year in which you turn 73, you have until April 1 of the following year to take your first distribution. If you wait, just keep in mind that you’ll face two taxable distributions in the same calendar year.

Most brokerage firms or IRA custodians will supply you with the previous year’s ending value for any retirement account subject to RMDs. However, they won’t automatically initiate these withdrawals. You’ll need to do that.

If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income.

One easy trick could pay you as much as $22,924 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after. Join Stock Advisor to learn more about these strategies.

The post How Much Is the Required Minimum Distribution (RMD) if You Have $100,000 in Your Retirement Account? appeared first on Yahoo Finance.

Tags: account balancedistributionIRArequired minimum distributionretirement accountYahooYahoo Finance
Share199Tweet125Share
Lawrence O’Donnell Drags JD Vance’s Bungled Plan to Host Epstein Dinner
News

Lawrence O’Donnell Drags JD Vance’s Bungled Plan to Host Epstein Dinner

by The Daily Beast
August 8, 2025

MSNBC’s Lawrence O’Donnell tore into Vice President JD Vance’s attempt to hold a private meeting about the Epstein scandal at ...

Read more
News

Life Before Katrina—And After It

August 8, 2025
News

Is the Temerario the Ultimate “Starter” Lambo?

August 8, 2025
News

‘They run, we chase’: Immigration raids test limits of “probable cause”

August 8, 2025
News

‘And Just Like That …’ Season 3, Episode 11: Romantic Tragedy

August 8, 2025
Epstein Victim Slams Trump‘s ‘Offensive’ Hoax Claim

Epstein Victim Slams Trump‘s ‘Offensive’ Hoax Claim

August 8, 2025
SRP program gives Arizona teachers $500 each whenever the Cardinals score a touchdown

SRP program gives Arizona teachers $500 each whenever the Cardinals score a touchdown

August 8, 2025
Report: Warriors Showing Interest in Surprising Free Agent

Report: Warriors Showing Interest in Surprising Free Agent

August 8, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.