What Is The Minimum Distribution For Ira
May 17th, 2007
Question: Whats my Required Minimum Distribution this year?
Last year I didn’t have to take a distribution from my IRA, because of a one year exception for 2009. Now this year I don’t know what % I’m required to take. Do I continue on the chart as if I had taken a distribution, or do I just go to the next %. After I wrote this, I wonder whether you will be as confused about my wording as I am.
Answer: Each year stands on its own. There is a table based on your age that you use. Since even though you didn’t take an RMD, you still got a year older, you’d go to the line on the table for your age this year.
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