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The IRS requires that you withdraw at least a minimum amount from your retirement accounts annually starting the year you turn age 70-1/2. Determining how much you are required to withdraw is an important issue in retirement planning. Use this calculator to determine your Required Minimum Distributions. All you need is your age on your birthday in 2010 and the total balance of your traditional IRA accounts as of December 31, 2009. Do not include balances from a Roth IRA because the original owner is never required to take distributions. Annual rate of return is only used to help project your future account balances (which of course will impact your required minimum distribution).
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