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Figuring out your minimum withdrawals is a key to good, long-range financial planning.
You’ve been saving for retirement. But when you turn 70 ½, federal law requires you to begin taking minimum distributions each year from certain retirement plans like IRAs. Of course, your living expenses will be a major factor when considering how much to withdraw. But taxes will be, too. You can use this calculator to figure out just how much your required minimum distributions might be.
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