Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a Required Minimum Distribution (RMD)?

distribution minimum rmd
0
Posted

What is a Required Minimum Distribution (RMD)?

0 CommentsAdd a Comment

1 Answer

0

Beginning April 1st of the year after you reach age 701/2, there is a minimum amount you must withdraw from your Traditional IRA each year. However, you can withdraw more if you like. Wachovia can calculate and process this distribution automatically each year.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123