Among the most complicated and frustrating Individual Retirement Account (IRA) rules are required minimum distributions (RMDs). RMDs are required on all traditional IRAs in and after the year the owner turns 72 years old. For inherited IRAs, RMDs are also obligatory starting in the year after the previous owner’s death.

A new RMD value must be calculated every year.

Although many companies will determine traditional IRA RMDs for you, the RMD of inherited IRAs is significantly more complex. The inherited IRA calculation is so onerous that account owners or their advisors must compute it manually.

Although the client is ultimately responsible, we provide assistance in calculating and implementing our clients’ RMDs, both traditional and inherited, each year as part of our “Comprehensive” and “Collaborative” service. We also provide the administrative support necessary to oversee the entire distribution process.

How to See Your Schwab RMD Online

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For those who are doing it themselves, this page can help you satisfy this important IRS requirement.

The Full Complexity of All Required Minimum Distribution Divisors Explained

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Most divisors are looked up in tables based on your age. Others are calculated based on last year’s divisor. Some particularly unfortunate cases have distribution deadlines rather than divisors at all.

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