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Required Minimum Distribution Revised Edition

Retirement Planning | Guaranteed Income

Required Minimum Distributions (RMDs) are the minimum amounts that individuals over the age of 72 ½ must withdraw annually from their retirement accounts such as 401(k)s and IRAs. 

"The SECURE Act is one of the most dynamic changes to retirement legislation since the Pension Protection Act of 2006, and addresses a wide variety of retirement planning topics."  (

The purpose of RMDs is to ensure that individuals do not defer taxation of retirement funds indefinitely. The amount of the RMD is determined by the IRS each year and is based on the size of the retirement account, the age of the individual, and the life expectancy of the individual. If an individual does not take the required amount of their RMD, they will be subject to a 50% penalty on the amount not taken. 

It is important to consult a certified insurance broker or financial services provider to ensure that you are taking the correct amount of your RMD each year.

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Required Minimum Distribution Revised Edition
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