Remember to make accurate, on-time withdrawals from your IRA account.
The Janus Henderson Required Minimum Distribution (RMD) Calculator helps you understand how much and when you need to withdraw assets from your IRA account. The IRS requires you to begin withdrawing a minimum amount by April 1st of the year following age 72. The SECURE Act of 2019 changed the age of the required beginning date from 70 ½ to 72. The change only applies to individuals who reach age 70 ½ after December 31, 2019.
Calculate your RMD today and avoid unnecessary penalties and taxes by distributing the correct amount on time.
Once you know your RMD amount, you’ll be better equipped to stay on top of IRS requirements.