Age | 2024 Distribution Period | 2025 Distribution Period |
---|---|---|
70 | 27.4 | 26.5 |
71 | 26.5 | 25.6 |
72 | 25.6 | 24.7 |
IRA Required Minimum Distributions Table 2024-2025
As you approach retirement age, it’s important to be aware of the required minimum distributions (RMDs) that you’ll need to take from your IRA. The table above shows the distribution period for 2024 and 2025 based on your age.
It’s crucial to stay informed about RMDs to avoid any penalties for not taking the required amount. Make sure to consult with a financial advisor to plan your distributions effectively.