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What are Required Minimum Distributions (RMDs)?

distributions minimum rmds
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What are Required Minimum Distributions (RMDs)?

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To prevent individuals from totally deferring benefits under Traditional, SEP, SIMPLE and Individual (k) plans, RMDs are specially calculated amounts that must begin to be distributed from such arrangements by April 1 of the year following the year in which the individual over attains age 70 1/2.

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