Starting in the year you turn 70 1/2, the IRS requires that you take a Required Minimum Distribution from tax-deferred accounts like 401(k)s and IRAs.

Missing a payment or not taking the minimum distribution carries a 50% penalty for the RMD not taken!

Our What is Your RMD? guide includes answers to many common questions like:

  • Why is this a requirement?
  • When do I have to take my first distribution?
  • How do I calculate my RMD?
  • What type of accounts are included in the RMD requirement?
  • If I’m still working at 70 ½, do I have to take an RMD?
  • Do I have to withhold Federal and State taxes?

 We’ll guide you through all you need to know about your RMD.

Get the free guide today.