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RMD |
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See Required minimum distribution. Required Minimum Distribution (RMD) What Does Required Minimum Distribution (RMD) Mean? The amount that Traditional, SEP, and SIMPLE IRA owners and qualified plan participants must begin distributing from their qualified retirement accounts by April 1 after the year they reach age 70.5 years. RMD amounts must be distributed each subsequent year. Investopedia explains Required Minimum Distribution (RMD) These required minimum distributions are calculated by dividing the retirement account's prior year-end fair market value by the applicable distribution period or life expectancy. Some qualified plans allow certain participants to put off their RMDs until they retire even if they are older than age 70.5. Qualified plan participants should check with their employers about the rules governing RMD requirements. Related Terms: How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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