How do I start mandatory IRA distributions at age 70½?
Once you reach the age of 70½, the IRS requires you to withdraw a minimum amount of money from your retirement accounts each year. This is called a required minimum distribution (RMD). You are required to take an RMD from any IRA, TSA/403(b), or 401(k) plan. Roth IRAs are the exception and do not require an RMD. Gleaner is able to set up automatic distributions so that you don’t have to remember to request your RMD every year. You may request automatic RMD on a Gleaner Request for Service form.
