You can treat it as an expense. I have listed 10 years worth of RMD divisors below. Divide your IRA estimate by the number and then multiply it by your tax rate.
For example:
IRA balance estimate = $1,000,000
RMD at age 70 =$36,496
Tax at 24% bracket = $8759
:IRA balance estimate following year = $1,000,000 -36496 = $963504
RMD at age 71 =$36,359
Tax at 24% bracket = 8726
You do not have to spend the RMD. For years I was just transferring assets from my IRA to a taxable account.
AGE
70-27.4 71-26.5 72-25.6 73-24.7 74-23.8 75-22.9 76-22.0 77-21.1 78-20.3 79-19.5 80-18.7
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Retired Jan 2009 Have not looked back.
AA 60/35/5 considering SS and pensions a SP annuity
WR 2% with 2SS & 2 Pensions
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