For many retirees, 73 is the magic age -- the time they must begin withdrawing required minimum distributions (RMDs) from their retirement accounts. Retirees born in 1960 or later have until 75 to ...

But how much is the minimum withdrawal on, say, a $250,000 individual retirement account? It varies with age. The older you are, the bigger the required withdrawal. The list below details the RMD ...

As for timing, your very first required minimum distribution doesn't need to be completed until April 1 of the year after you turn 73.

The “Required Minimum Distribution” is exactly that — a minimum. If you want to withdraw more than the calculated RMD amount from your traditional IRA or 401 (k), you can do so at any time.

Once you hit required minimum distributions age (73), how much control do you have over the timing, amount, and source of your distributions? Let’s examine each of the levers.

The Internal Revenue Service provides life expectancy tables for this calculation. Generally, your administrator will provide you with the amount of your required minimum distribution.

While you don’t have much control over when required minimum distributions start, you have a bit of discretion over the amount.

The IRS requires it, in fact. That's why it's called a required minimum distribution. But how much is the minimum withdrawal on, say, a $250,000 individual retirement account? It varies with age.

As for timing, your very first required minimum distribution doesn't need to be completed until April 1 of the year after you turn 73.