Beginning the year you turn age 70 1/2, the IRS requires you to withdraw a minimum amount from your retirement accounts annually. This minimum is called a Required Minimum Distribution (RMD). It is critical to your retirement planning that you determine beforehand how much you will be required to withdraw each year, so that you have the money you need to comfortably enjoy the entirety of your retirement.
With this helpful Horizon Bank Required Minimum Distribution calculator, you will be able to figure out how much you will be withdrawing for the current year, so that you always have exactly what you need in your retirement period.
CALCULATOR EMBEDDED HERE