Tax-qualified plans mandate that you begin taking Required Minimum Distribution's (RMD) upon reaching age 70-1/2. In the year you reach 70-1/2, you must take your first RMD by April 1 of the following year, and all subsequent RMD's must be taken by December 31 of each year.

This table is used to calculate your RMD amount. The total value of your qualified plans on December 31 of the prior year is used to determine your total RMD. For example, in the year you reach 70-1/2, if you have a total of $500,000 in qualified plans, your total RMD would be $18,249. This is derived from dividing the total amount of funds in qualified plans by years of life expectancy as denoted in the chart below.

The table below is used for calculating the RMD amount of an inherited IRA. This table is for use by a beneficiary of a qualified plan who opts to inherit (or Stretch) the IRA account. RMD's on inherited IRA's begin the year in which the plan is inherited.

The figures provided in the above tables have been obtained from the Internal Revenue Service ( and are up to date as of 1/1/2014. The figures provided in the table are known to be accurate to the best of our knowledge, however, Wealth Trac Financial, LLC does not guarantee accuracy of the figures. The information provided here is to assist you in planning for your future. Proper tax and legal advice should always be obtained.