The amount of the minimum required distribution from an IRA at age 70-1/2 is based on your life expectancy at the time of the distribution.

Question

Quizplus · Accepted Answer

The amount of the minimum required distribution (MRD) from an IRA at age 70-1/2 (though the SECURE Act has updated this age to 72 for those turning 70-1/2 after December 31, 2019) is indeed based on the account holder's life expectancy at the time of the distribution, using IRS life expectancy tables.

The Amount of the Minimum Required Distribution from an IRA