Required minimum distribution

(redirected from RMD)
Also found in: Dictionary, Medical, Acronyms, Encyclopedia.

Required minimum distribution (RMD)

The minimum amount that the IRS requires must be withdrawn each year from all tax-advantaged retirement plans starting in the calendar year following the year in which the plan holder reaches age 70-1/2. Roth IRAs are exempt from this rule.

Required Minimum Distribution

The amount that an IRA must begin to distribute to an annuitant by the age of 70.5 or the date of retirement, whichever comes later. The required minimum distribution may or may not be taxable, depending on the type of IRA. The amount of the minimum required distribution is determined by the value of the IRA, the length of time the annuitant has contributed, and the amount of contributions.
References in periodicals archive ?
Many seniors will have two or more such IRAs; if so, they must calculate the annual RMD for each one, at each yearend, and total the amounts.
To build the large circular wall for the clarifier tank, the client needed a flexible curved wall formwork system, for which RMD Kwikform was approached to provide its specialist products.
Check out previous coverage of RMD planning in Advisor's Journal.
At the outset, due to the elevation and varying slopes of the soffit, RMD Kwikform produced 3D designs and conducted 3D frame analysis to create a solution that was fit for all sub-project teams, using only standard components.
Sagar Verma, president of RMD division, JRD International, said its diversified product range is water-proof, termite-resistant, certified fire-retardant, durable, light-weight and 100 per cent recyclable.
When you have multiple accounts, the question often is, "Which account should I take the RMD from?
Once annuitized, the value of these types of annuities are excluded from the value of the IRA for purposes of calculating the RMDs for the non-annuity IRA assets.
Example 2: In our previous example, Craig's 2017 RMD will be $22,642.
If the account owner took the full RMD for the year of his or her death, then nothing needs to be withdrawn from the account for the year.
The 'Say Yes to No Wood' movement is our contribution to global efforts to reduce deforestation," said Anupam Lunavat, the managing director of JRD International, the parent company of RMD.
A 2012 study found that using the RMD as a retirement savings withdrawal strategy does almost as well as traditional withdrawal options and outperforms the 4% rule.
The vast scale of the project required RMD Kwikform to deliver over 1,200 tonnes of equipment to the Carillion Alawi site, which is 150km south west of Muscat.