Uniform Table for determining lifetime required distributions for (almost) everyone.
(Formerly known as the "MDIB Rule Divisor Table")
Source: IRS Publication 590 (2009)
Under the minimum distribution regulations, the Uniform Table may be used by all IRA owners, who have reached age 70½, to determine their annual required minimum distributions.
For each "distribution year" (that is, a year for which a distribution is required), determine the following:
- The account balance as of the preceding calendar year end
- The participant's age on his birthday in the distribution year
- The applicable divisor for that age, from the above table
The required minimum distribution is equal to the account balance of the preceding year, divided by the applicable divisor for that age, located in the table above.
Participant age: 71
Account balance: $250,000 on 12/31 of the preceding year
The participant would take the $250,000 and divide by the applicable divisor for age 71 (26.5). The required minimum distribution for the year would be equal to $9,433.96.
Please consult your tax or financial advisor, before taking any withdrawals from your individual retirement accounts, to see how the tax laws will apply to your specific situation.