required beginning date (RBD)

Definition

The date at which an individual who has a retirement savings plan must take out their first minimum required distribution from their savings. RBD is dependent on the type of retirement savings plan, such as an IRA or 401(K). In the case of an IRA, participants are required to take it out on April 1st of the following year when they turn 70.5 years.
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require Required Minimum Distribution