Required minimum distribution


Q. I am 69 (I will be 70 on July 5, so I will be 70½ on Jan. 5, 2018). I am doing my homework about taking my required minimum distribution amount from my only IRA. If I take the minimum amount next year (2018) and find that later on I need to take a bit more than the required minimum amount, will I be able to change what I elect to take at 70½? Or is that the set amount forever and can’t be changed?

A. The RMD is recomputed, and changes, each year. You may take more than the RMD in any or every year, if you like.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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