How to Calculate RMD

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Required minimum distribution rules can change from time to time and new RMD rules are in effect for 2022. If you are wondering how to calculate your RMD to make sure you satisfy the requirements and don’t get penalized, you’ve come to the right place. In this video we will review the new uniform life table, what some may think of as the required minimum distribution table, for 2022 and share with you the formula for calculating RMD. With the new table accounting for increased life expectancy, retirees will be required to withdraw a smaller percentage of their funds based on their age than under old tables so be sure you are using the correct information in your calculations.
This video contains a hypothetical example provided for illustrative purposes only; it does not represent a real life scenario, and should not be construed as advice designed to meet the particular needs of an individual's situation.

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**Investment advisory services offered through Foundations Investment Advisors, LLC, an SEC registered investment adviser.
All episodes recorded prior to August 16, 2023 were recorded while we were registered at a previous RIA. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified tax professional for guidance before making any purchasing decisions. Our firm is not affiliated with the U.S. government or any governmental agency.
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