At age 75, the life expectancy factor is 24.6 and the RMD amounts to 4.07% of the IRA. At age 80, 4.95% of the IRA should be distributed as RMD. At age 85, the RMD is 6.25% of the IRA. After you turn 72, federal tax law generally requires you to withdraw a minimum amount from your retirement savings plans each year.
To ensure you are making the best decision for your retirement savings, it is important to research Gold IRA Review Sites to understand the different options available. These withdrawals are called mandatory minimum distributions (RMDs).
