Required minimum distributions are the minimum amount you must take out in a year from a regular IRA. Required minimum distributions are called both RMDs and MRDs. You are required to begin receiving RMDs from a regular IRA in the year you reach age 70-1/2. Roth IRAs do not have required minimum distributions. Amounts for required minimum distributions are based on your age, IRA account balance, and life expectancy. To calculate an RMD, divide your year-end IRA account balance (adjusted for certain contributions and distributions) by the applicable divisor in Table III: Uniform Lifetime Table, found in Appendix C of IRS Pub. 590.
Note: This page was designed to be displayed within a frame in the providentcu.org site. Use on other sites is forbidden.