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How much is the required minimum distribution (RMD) if you have $500,000 in your retirement account?
Here's the required minimum distribution on $500,000 worth of retirement savings that's subject to RMD rules.
RMDs are due when you reach age 73 (or 75, if you were born in 1960 or later). Failure to take your RMD by the deadline could lead to an excise tax of 25%. Still working? Be sure to find out if you ...
In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...
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