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RMD calculation

Looking at the detail report, using economic planning, it appears that the RMD is 15% high. I am basing this on calculating my age 70 RMD using the year end retirement account balance for age 69 divided by the factor, 27.4, which I think is the correct IRS factor.

This appears to be consistent throughout the years.

Any thoughts?


Never mind. I think I answered my own question.

The number is higher due to smoothing.

I still have a tough time keeping this straight! :-(


The RMDs only take effect if you haven't started drawing on your IRAs by 70.5 (or whatever the silly number the IRS, et al. have picked). If you start drawing at 70 then things will be smooth from then on.


Dick Munroe