What does RMD stand for?
Retirement Topics - Required Minimum Distributions (RMDs) You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½. Roth IRAs do not require withdrawals until after the death of the owner. Your required...
When do RMDs start?
When Do RMDs Start? At present, individuals must start taking required minimum distributions from qualified retirement accounts at age 72. Prior to the year 2020, the RMD age was 70½. Are RMD Distributions Taxed?
What are required Minimum Distributions (RMDs)?
Retirement Topics - Required Minimum Distributions (RMDs) You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½.