ANSWERS: 1
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A Required Minimum Distribution (RMD) is the least amount an IRA owner (age 70½ or older) must withdraw each year. The amount varies by IRA balance and the retiree's age. To calculate the amount for any given year, divide the IRA's value by a life expectancy factor that IRS provides in Publication 590.
Source:
IRS: Retirement Plans FAQs regarding Required Minimum Distributions
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