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What is an “RMD”?

April 26, 2017rmd

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What is an “RMD”?

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The IRS requires that IRA owners take “Required Minimum Distributions” from their IRA (excluding Roth IRAs) the year they attain age 70½. Whether or not the original IRA owner had begun their RMDs determines the options for taking distributions from an Inherited IRA (see the table below).