Required Minimum Distribution: Worksheet 1 - Intentional Retirement

 

 

 

Required   M inimum   D istribution:   W orksheet   1  

 

Use   this   worksheet   to   figure   this   year’s   RMD   for   your   traditional   IRA   UNLESS   your  

spouse

 is  the  sole  beneficiary  of  your  IRA  and  he  or  she  is  more  than  10  years  younger  

1

than   y ou.    

 

Deadline   f or   r eceiving   R MDs:  

 

• Year   y ou   t urn   a ge   7 0   ½   -­‐   b y   A pril   1   o f   t he   f ollowing   y ear  

 

• All   S ubsequent   y ears   –   b y   D ecember   3 1   o f   t hat   y ear    

 

Calculation:  

 

1. IRA   b alance

  o n   D ecember   3 1   o f   t he   p revious   y ear:                                                                                                                       _ ____________  

2

   

2. Distribution   p eriod   f rom   T able   1   b elow   f or   y our   a ge   o n   y our   b irthday   t his   y ear:         _ ____________  

 

3. Line   1   d ivided   b y   l ine   2   =   y our   R MD   f or   t his   y ear   f rom   t his   I RA                                                                           _ ____________  

 

4. Repeat   s teps   1   t hrough   3   f or   e ach   o f   y our   I RAs:                                                                                                                                     _ ____________  

 

Once   you   determine   a   separate   RMD   from   each   of   your   traditional   IRAs,   you   can   total   these  

minimum   a mounts   a nd   t ake   t hem   f rom   a ny   o ne   o r   m ore   o f   y our   t raditional   I RAs.  

 

 

 

 

 

 

  G enerally,   y our   m arital   s tatus   i s   d etermined   a s   o f   J anuary   1   o f   e ach   y ear.     I f   y our   s pouse   i s   t he  

1

beneficiary   of   your   IRA   on   January   1,   he   or   she   remains   a   beneficiary   only   for   purposes   of  

calculating   t he   R MD   f or   t hat   I RA   e ven   i f   y ou   g et   d ivorced   o r   y our   s pouse   d ies   d uring   t he   y ear.  

 

  Y ou   m ust   i ncrease   y our   I RA   b alance   b y   a ny   o utstanding   r ollover   a nd   r echaracterized   R oth   I RA  

2

conversions   t hat   w ere   n ot   i n   a ny   t raditional   I RA   o n   D ecember   3 1   o f   t he   p revious   y ear.