RMD

Definition

Required Minimum Distribution. The minimum annual required distribution amount for an IRA holder who reaches age 70 1/2. also called minimum distribution.

Use RMD in a sentence

There was a RMD and that had to be lived up to and it was really interesting for me to figure out.

​ Was this Helpful? YES  NO 10 people found this helpful.

If the cash flow isn't needed from your IRAs, its a good idea for tax planning to use the annualized income method of installments and take your RMD at the end of the year.

​ Was this Helpful? YES  NO 4 people found this helpful.

Investors in Individual Retirement Arrangements (IRAs) that reach the age of 70.5 must take a certain amount in withdrawals, calculated by formula, or face an IRS penalty. (Not all types of IRAs are subject to RMDs).

​ Was this Helpful? YES  NO 2 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
riyal ROA