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"Yes it's that simple. But the method you describe is the life expectancy or "minimum" method, not the annuity method.

Also when you take the distribution next year you'll use your 12/31/2000 IRA balance to make the calculation."


You're right, it's the life expectancy method. I'm looking for the lowest required distribution. And thanks for the reminder about using the correct year's balance. I appreciate your feedback.
-Chester :)
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