How do I calculate my required minimum distribution?

To calculate your Required Minimum Distribution (RMD), first determine your account balance as of December 31 of the previous year. Then, find your age and use the IRS's Uniform Lifetime Table to locate the corresponding distribution factor. Divide your account balance by this factor to get your RMD for the year. Remember that RMDs generally start at age 73, and specific rules may apply for inherited accounts.