Did you know that, in most cases, you must start taking required minimum distributions (RMDs) from your retirement accounts ...
Q: Ira, the Heat have asked us to be patient and we have. I have enjoyed their recent games, a bunch of hard-working players playing together. But if you bring Jimmy Butler back, what happens to that ...
Most people use the Uniform Lifetime Table, but if your IRA's sole beneficiary is your spouse who is more than 10 years younger than you, you'll use the Joint Life and Last Survivor Table instead.
He would check the balance of his IRA at the end of 2019 — say it’s $458,000 — and then divide that number by 22.9 (from the IRS uniform lifetime table). His RMD would be $20,000.