She turned 73 this year, and her IRA custodian’s letter arrived with weight. Her first required minimum distribution (RMD) is due, and weeks of back-of-the-envelope math keep showing the same result: ...
A 73-year-old who has saved $1.4 million in a traditional IRA is now subject to the IRS-required minimum distribution rules. Using the Uniform Lifetime Table divisor of 26.5, which applies at age 73, ...