You are using an older browser version. Please use a supported version for the best MSN experience.

Don't Blow It With Your Required Minimum Distribution

If you've done a good job saving for your retirement with a traditional IRA or 401(k), when you hit age 70 1/2, you'll need to pay attention to a new three-letter acronym: the RMD. That stands for Required Minimum Distribution -- in short, how much money you have to take out of your IRA every year to avoid penalties. Timing this withdrawal is important. So is the dollar amount. At Kiplinger we've developed a tool to make this easy to compute. You only need two numbers to make it work: Your age at the end of this year, and the balance in your IRAs. Go to and search RMD calculator to try it for yourself.

Recent Videos

Featured Partners

image beaconimage beaconimage beacon