A plan may require you to begin receiving distributions by April 1 of the year after you reach age 70½ (age 72 if born after June 30, 1949), even if you have not retired.
- terms, ira, distribution, distributions
- 0 Users Found This Useful
Related Articles
Required Minimum Distributions (RMDs)
You cannot keep retirement funds in your account indefinitely. You generally have to start taking...
Do these rules apply to my retirement plan?
The minimum distribution rules apply to: traditional IRAs SEP IRAs SIMPLE IRAs 401(k) plans...
Calculating the required minimum distribution
The required minimum distribution for any year is the account balance as of the end of the...
Beginning date for your first required minimum distribution
IRAs (including SEPs and SIMPLE IRAs) April 1 of the year following the calendar year in...
Date that you turn 70½ (72 if you reach the age of 70 ½ after December 31, 2019)
You reach age 70½ on the date that is 6 calendar months after your 70th birthday. Example: You...
