The April 1, 2025, deadline for required minimum distributions (RMDs) is fast approaching for retirees who turned 73 in 2024.

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Based on the Uniform Lifetime Table, your life expectancy factor for the calculation is 26.5. Dividing $500,000 by this factor gives you an RMD of $18,868. It's also worth noting that if you have ...

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As an example, check out the table for someone single with $250,000 in their retirement account as of the end of 2024: Failing to take your RMD will result in a penalty of 25% of the amount you ...

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