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What is a RMD?
Required Minimum Distribution is the lowest amount of money you are obligatory to withdraw from your retirement account once you reach the age of 70.5.
Roth IRAs differ. They do not require any withdrawals until after the owner has died. Your RMD is calculated by the IRS-published life expectancy factor and your balance as of 31 December of the previous year. RMDs are calculated on an annual basis with the first one starting on 01 April once you turn 70.5. You are required to withdraw your annual RMD amount by 31 December every year.