Distribution Rules and Taxation

Free CFP Exam lesson in Retirement Savings and Income Planning. 19 min read, ~2,843 words.

RMDs start at 73 (75 for those born 1960+): prior-year 12/31 balance ÷ Uniform Lifetime Table factor. 10-year rule: non-EDB beneficiaries must empty inherited accounts within 10 years; annual distributions are required if the owner died after the RBD. Five EDB categories: spouse, minor children of the decedent, disabled, chronically...