pb4uski
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A related RMD question which I have asked in a different thread but no response.
Now that they are changing the RMD schedule of first withdrawal from 70 y.o. to eventually 75 y.o., will the required distribution percentage be the same for year 80 for the person starting at 75 as for the person starting at age 70?
I think it would because the "percentage" is based on the prior end of year balance divided by the RMD factor (remaining life expectancy) and to my knowledge the RMD factors will not be changing because the first RMD year is changing.
Now the amount will be larger because the numerator will be larger since RMDs start later. Make sense?