- Jurisdiction
- US Federal Law
I reached age 72 in June 2022. The banks and brokerages are using the divisor of 27.4 to figure out my RMD. That divisor appears to be age 70. I was not 70.5 before January 1, 2020. The divisor for age 72 is 25.6.
Is this a mistake or is there something I don't understand about calculating the RMD?
If the divisor is correct then what divisor gets used for 2023 MRD?
Thanks
Is this a mistake or is there something I don't understand about calculating the RMD?
If the divisor is correct then what divisor gets used for 2023 MRD?
Thanks