Retirement Fund Management: Understanding RMD Requirements
Once you reach a certain age, you are required to start withdrawing money from certain retirement accounts. This is known as required minimum distributions, or RMDs, and is an important concept for retirees to know, especially those who are approaching their 70s with no immediate plans to take any money out of their retirement savings.With that in mind, here's a primer on RMD rules: what accounts have RMDs, when you need to start withdrawing money, how much to take out, and more.Image source: Getty Images.Continue reading
Once you reach a certain age, you are required to start withdrawing money from certain retirement accounts. This is known as required minimum distributions, or RMDs, and is an important concept for retirees to know, especially those who are approaching their 70s with no immediate plans to take any money out of their retirement savings.
With that in mind, here's a primer on RMD rules: what accounts have RMDs, when you need to start withdrawing money, how much to take out, and more.
Image source: Getty Images.
