Required minimum distributions, or RMDs, are an important aspect of planning for retirement that can affect your retirement income strategy. Understanding and estimating your RMD can help you create a retirement income plan before you are even required to take your first withdrawal. This month, Vanguard explains required minimum distributions in more detail and provides a calculator that will allow you to project your RMDs—even if they are decades away.
Click here for Vanguard’s calculator.