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What Is a Required Minimum Distribution (RMD)? An RMD is the minimum amount of money you must withdraw from a tax-deferred retirement plan and pay ordinary income tax rates. The age to begin RMDs ...
Image source: Getty Images. RMDs begin at age 73 for individuals born in 1951 or later. Traditionally, required minimum distributions (RMDs) have started at age 70 and 1/2 (born before July 1949 ...
Birth Year. RMD Age. Pre-1949. 70 1/2. 1949-1950. 72. 1951-1959. 73. 1960 or later. 75. Data source: IRS. Keep in mind you can delay your first required minimum distribution until April 1 of the ...
The 5-year rule does not apply if the decedent died after having started his/her required minimum distributions (generally if he/she died later than April 1 after reaching age 72 [a]). In that case, there is no 5-year rule, and the beneficiary takes distributions over the length of his/her own life expectancy or the remaining life expectancy ...
Required minimum distributions are annual minimum amounts you must withdraw from certain accounts starting the year you reach age 73 or 75, starting in 2033. They continue for your entire life or ...
If you’ve reached age 72, you must take RMDs. Use this table as a guide.