You can calculate your RMD by dividing your traditional IRA or 401(k) account balance as of Dec. 31 of the prior year by your life expectancy factor from the IRS Uniform Lifetime Table. RMDs begin at age 73 for most retirees, or age 75 for those born in 1960 or later. Your financial advisor or tax professional can help you calculate the exact amount and ensure you meet the Dec. 31 deadline to avoid penalties.
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