Required minimum distributions from retirement plans.

When you turn 70 there is a requirement that you start taking distributions from your retirement plans. There is a computation made each year to come up with the percentage of the total accounts that needs to be withdrawn and taxes paid.
I haven't been able to find an easy table to use so I made one.

The following is the percentage each year required to withdraw from age 70 to age 100

70 3.650 71 3.774 72 3.906 73 4.049 74 4.202 75 4.367 76 4.545 77 4.717 78 4.826
79 5.128 80 5.348 81 5.348 82 5.848 83 6.135 84 6.452 85 6.757 86 7.092 87 7.463
88 7.874 89 8.333 90 8.772 91 9.259 92 9.804 93 10.417 94 10.989 95 11.628
96 12.336 97 13.157 98 14.085 99 14.925 100 15.873

You need to add up the balances of all your retirement accounts,but the withdrawal can be from one or more accounts as long as the total is correct.

Remember,retirement accounts cannot be removed from your estate so depending on your situation, there can be a reduction up to to 70 to 75 % of the value.
Planning ahead can reduce these taxes.
We have strategies to help manage required minimum distributions and minimize the tax burden.