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Calculating an RMD involves taking the account balance on December 31 of the prior year and dividing it by the IRS-provided life expectancy factor.
“calculating an RMD involves taking your account balance on the last day of the year, so December 31, and it's December 31 of the prior year. And then dividing it by your life expectancy factor.”
Fidelity Investments · Nov 2025 · 1 episode · 29K views on this topicExtracted by a model; may misattribute who said what.