RMD Calculator 2021: A Comprehensive Guide to Required Minimum Distributions
Are you nearing retirement and have you started thinking about your required minimum distributions (RMDs)? An RMD is a mandatory withdrawal amount set by the Internal Revenue Service (IRS) that must be taken from certain retirement accounts, including traditional IRAs and 401(k)s, beginning at age 70½. The purpose of RMDs is to ensure that retirement … Read more