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Our free 401(k) Distribution Calculator helps you to determine your withdrawal amount and where you stand with your 401k or IRA account.
The IRS regulations in the United States state that anyone who is older than 70 is required to start withdrawing money from their 401k/IRA account. If you are in such a situation, it is important to know about how much you are required to withdraw.
This is the amount of money that you must withdraw every year from the 401k account. It is perfectly acceptable to withdraw more, but you are not permitted to go below the amount stated. Even if you do not need the money, you can withdraw it and place it into a checking account.