economy
What's the required minimum distribution from a $200,000 retirement account?
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TL;DR
- Required Minimum Distributions (RMDs) are mandatory withdrawals from tax-deferred retirement accounts.
- RMDs start at age 73 and are calculated using the account balance divided by an age-dependent life expectancy factor.
- For a $200,000 retirement account, RMDs increase with age, from $7,547 at 73 to $9,479 at 79.
- Gold can serve as a hedge against market volatility in a retirement portfolio.
- It's recommended to limit gold investments to a maximum of 10% of a portfolio, potentially less for seniors and retirees.