Individual Retirement Accounts - Required Minimum Distributions (RMDs)

This handout reviews the rules for required minimum distributions from IRAs and defined contribution plans.

HIGHLIGHTS: 

  1. When to take the first RMD.

  2. When age 70 1/2 is reached for RMD purposes.

  3. How to calculate the RMD.

  4. Multiple retirement accounts.

  5. Distributions less than RMD amount.


CLIENTS WHO MAY BENEFIT:

  1. Taxpayers approaching age 70 1/2 with retirement accounts.

Planning & Life IssuesClare FazackerleyPlanning, IRA, Distributions, Retirement, Required Distributions