how do i figure the minimum withdrawal from my IRA acct? I am 76 yrs old.?

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how do i figure the minimum withdrawal from my IRA acct? I am 76 yrs old.?

2006-10-09 09:54:15 · 2 answers · asked by Sam C 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

There are tables in IRS Publication 590, Appendix C, which starts on page 84 of the publication - you can download it at irs.gov. There are different tables depending on your marital status and age of spouse if applicable. The tables give you the percentage of your IRA value you have to take out in any given year.

2006-10-09 13:49:50 · answer #1 · answered by Judy 7 · 1⤊ 0⤋

Go to this link to look up the minimum withdrawal amount for 2006.
http://www.bankrate.com/brm/itax/news/20010321b.asp

2006-10-09 17:24:38 · answer #2 · answered by RamsGod 3 · 0⤊ 0⤋