RMD — Terry’s Error on WGN calculation
I believe that several days ago on WGN TV you gave an example for a RMD which was incorrect using Fidelity’s calculator. Please check.
Terry Says
I did! I was rushing to do the calculation just before I went on air — and made a typo in the birth year, which threw the whole thing way off!
The correct RMD in that example was a little over $14,000 — resulting in a much smaller monthly check if you choose to take it that way!
