Series 65: 6.3.3. Required Minimum Distributions (RMDs)

6.3.3. Required Minimum Distributions (RMDs)

Required minimum distributions (RMDs) refer to the amount of money that must be taken out of a qualified retirement account starting the year the account holder turns 72 years old (increasing to 73 in 2023). The minimum amount is determined by the account holder’s life expectancy, as found on tables the IRS develops, and the amount in the account. This is true of all qualified retirement plans except Roth IRAs.

In general, the IRS requires a retirement account owne