Centre county Pennsylvania, USA | The IRS requires that we deinvestment our IRA as we age. IRS calls that deinvestment requirement the Required Minimum Distribution (RMD). Table 1 below lists that RMD for a married taxpayer filing jointly in 2020 with spouse less than 10 years younger. The attached screenshot shows the table in graphical form.
Table 1: 2020 Required Minimum Distribution (RMD) as % of IRA value at end of year.
taxpayer age_______RMD%
75 _______________ 4.37
76 _______________ 4.55
77 _______________ 4.72
78 _______________ 4.93
79 _______________ 5.13
80 _______________ 5.35
81 _______________ 5.59
82 _______________ 5.85
83 _______________ 6.13
84 _______________ 6.45
85 _______________ 6.76
86 _______________ 7.09
87 _______________ 7.46
88 _______________ 7.87
89 _______________ 8.33
90 _______________ 8.77
91 _______________ 9.26
92 _______________ 9.8
93 _______________ 10.42
94 _______________ 10.99
95 _______________ 11.63
96 _______________ 12.35
97 _______________ 13.16
98 _______________ 14.08
99 _______________ 14.93
100 _______________ 15.87
 (Screenshot (191) (full).png)
Attachments
----------------
 Screenshot (191) (full).png (78KB - 34 downloads)
|
IRA deinvestment in retirement
