SecondCor521
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Do some here have them take the taxes out before they send the check?? How can it be trued up with markets changing till the first of each year?
Vanguard's service allows you to automatically withhold X% in federal taxes from each RMD. That's what my Dad does.
An RMD for any given year is calculated based on the 12/31 value of the prior year divided by a divisor which is essentially the RMD owner's life expectancy.
So my Dad's RMD for 2021 is based on his 12/31/2020 IRA value divided by his divisor, and then divided by 12 for monthly.
What the markets do this year don't affect the RMD amount in any way (other than affecting the 12/31/2021 value, which will be used for 2022 RMDs).