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Tsp60 Form

Tsp60 Form

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Instructions and help about tsp60r

hey uh today I want to go over a short video talking about required minimum distributions all right this this is something that people have to take once they reach age 72 typically from their Ira accounts GSP 401K accounts and in a question that gets asked all the time is how much do I have to take and it's a there's a formula you figure out your balance as of December 31st they need to divided by a factor from a table um but I've got a colleague um I look at percentages is is a common way people think so um my colleague Andy Panko actually made this table came up with this form here that shows the percentage okay percentage and the dollar amount on a hundred thousand dollars so we can make it real easy okay looking at um the uniform life tables what we're using here and these are rmds 2022 or later age 72 and it's got instructions here you find your account balance December 31st prior year then look your distribution period um divide that into y

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