Required minimum distribution

A required minimum distribution (RMD) is the amount of money that must be withdrawn from a traditional, SEP, or SIMPLE IRA account by owners and qualified plan participants of retirement age. Participants must begin withdrawing from their retirement accounts by April 1 following the year they reach age 72. The retiree must then withdraw the RMD amount each subsequent year based on the current RMD calculation—Read more at Investopedia. Kagan, Julia. “Required Minimum Distribution (RMD).” 17 January 2020