Reported about 8 hours ago
As your husband approaches 73 and mandatory minimum distributions (RMDs) starting in 2027, it's important to understand the calculation process and withdrawal options. The RMD is determined by account balances as of the previous year and a life expectancy divisor. Funds can be taken from any combination of IRAs to meet the RMD requirement, unlike 401(k)s which require individual withdrawals. Planning for RMDs is crucial for tax efficiency and financial security in retirement.
Source: YAHOO