Revised Required Minimum Distributions (RMDs)
| Birth Date | Applicable RMD Age |
|---|---|
| Before July 1, 1949 | 70 1/2 |
| July 1, 1949 - 1950 | 72 |
| 1951 - 1959 | 73 |
| 1960 or Later | 75 |
Required Minimum Distributions (RMDs) are annual withdrawals you must take from your retirement accounts, such as 401(k)s and IRAs, starting at a specific age. These rules are designed to ensure that you gradually use the funds in your retirement accounts rather than keeping them indefinitely. Understanding your RMD age helps you plan your withdrawals effectively and manage your retirement savings.
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