What is a Required Minimum Distribution (RMD)?

If you have an employer-sponsored retirement plan (including 401(k) and 403(b) plans) or a Traditional IRA, the IRS will require you to take a RMD. Investors must start receiving distributions from most tax-deferred retirement plans as follows:

  • If you were born June 30, 1949 or earlier (turn age 70 ½ on or before December 31, 2019), there is no change in that the year that you turn 70 ½, the IRS will require you to take a Required Minimum Distribution (RMD) from your employer-sponsored plan. 
  • If you were born on or after July 1, 1949 (turn 70 ½ on or after January 1, 2020), the IRS will require in the year you turn 72 to take a Required Minimum Distribution (RMD) from your employer-sponsored plan.

These withdrawals are termed "required minimum distributions," or "RMDs." For more information about RMDs, click here.


CARES Act: For information related to 2020 Required Minimum Distributions being suspended, please click HERE.


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