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In the not so far future I'll reach 70 1/2 years and will need to draw on my IRAs of which I have several. I've named my four children equal primary beneficiaries. Their ages span 39 to 32. What would be the best means of calculating my MRD?
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Greetings, Fixitsoon, and welcome. You wrote:

<<In the not so far future I'll reach 70 1/2 years and will need to draw on my IRAs of which I have several. I've named my four children equal primary beneficiaries. Their ages span 39 to 32. What would be the best means of calculating my MRD?>>

I don't know what's "best" for you, but I prefer to use a term certain method so the kids get to spread the income over a longer period after my demise. O
If you do so, then on your death, they can they can take distributions based on the life expectancy of the oldest child (assuming they are joint beneficiaries) less the number of years you took MRD during your life. During your life, you must use the MDIB factor using an age for the beneficiaries that is no more than 10 years younger than you. For the procedures, see IRA Publication 590 (Individual Retirement Arrangements) available at http://www.irs.ustreas.gov/prod/forms_pubs/index.html.

Regards..Pixy
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If your Ira's are substantial you could consider another option. You can setup one of the IRA's for each
child. It would benefit the younger ones to average
life expectancies with you, as it would generate longer
holding periods. Another benefit is it significantly
simplifies estate distribution when the time comes. You
can adjust the holdings in each IRA by rolling over from one to another. Just a thought - - Matthew
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