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Figuring out your minimum withdrawals is a key to good, long-range financial planning.
You’ve been saving for retirement. But when you turn 72, federal law requires you to begin taking minimum distributions each year from certain retirement plans like IRAs. Of course, your living expenses will be a major factor when considering how much to withdraw. But taxes will be, too. You can use this calculator to figure out just how much your required minimum distributions might be.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment, tax, or legal advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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