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How does Kingdom Trust calculate my Required Minimum Distribution (RMD)?

The IRS requires that you take a distribution from your Traditional IRA after the age of 70½. The RMD must be taken by December 31 of that particular tax year UNLESS you turn 70½ during that year—in which case you have until April 1 of the following year. Kingdom Trust recommends you speak with a tax advisor for questions that are more specific about distributions and RMD requirements.