For 401K, traditional IRA, and the like, the feds set a anticipated death year that sets the percentage of last year end value you need to remove, a Required Minimum Deduction RMD or Minimum Required Deduction MDR. The account custodian may do it for you in early December of the next year if you do not. Some accounts require selling that same percentage from each security, but you can adjust the amount of each security before trigging the RMD/MDR. I am 75 now but was 74 at year end, and my RMD percentage is 4.07% based on divide by 24.6:
| Owner | Account | YE Value | RMD | Pct | Taken | Net | | David | Fid-ATT | $155,106.19 | $6,305.13 | 4.07% | $6,305.13 | $0.00 | | David | Fid-BrCom | $56,870.66 | $2,311.82 | 4.07% | $2,311.82 | $0.00 | We wish we could predict the magic moment, but as accumulate, and hopefully security accounts rise continuously, just before Dec 1 is nice if you do not need the money. Of course, if the security is falling, just after Jan 1 is cool! Happy retirement, and may your net worth rise each month even if you spend like a sailor! _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
