How Much Is the Required Minimum Distribution (RMD) if You Have $100,000 in Your Retirement Account?
By: Johnny Rice
Key Points Investors using certain types of tax-advantaged investment accounts must begin withdrawing a mandated percentage of their balances from them once they reach the age of 73. If you don't take your required minimum distribution by the end of the year, the IRS will penalize you. The amount you must withdraw each year is based on the amount you have saved and your age. Motley Fool Issues Rare “All In” Buy Alert