Ask Terry Questions rmd’s calculations

rmd’s calculations

By Terry Savage on November 30, 2020 | Financial Planning / Retirement

Is there a site to calculate the amount of RMD’s we should be taking? We have several different IRA accounts with different advisors.

Terry Says

Go to any ONE of the IRA custodians, tell them the amount of assets in your all your accounts, and they will do the calculation for you. You can take RMDs from one account or from several, as long as you take the total required amount. BUT REMEMBER, there is no RMD for this year — 2020!

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