First Year RMD
My client turned 701/2 this year. He was born 10-26-45 . Does he use the age 70 factor or 71 factor to determine his first year RMD?
Thanks.
Roger
My client turned 701/2 this year. He was born 10-26-45 . Does he use the age 70 factor or 71 factor to determine his first year RMD?
Thanks.
Roger
Permalink Submitted by Alan - IRA critic on Fri, 2016-05-13 16:54
He will be 71 at the end of 2016, therefore his 2016 RMD divisor is 26.5.