What is an RMD?

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An RMD is a required minimum distribution. Traditional IRAs have required minimum distributions (RMDs) that are mandated by the IRS. The first RMD must be taken by April 1 the year after you turn 72, and by December 31 for each subsequent year. Roth IRAs do not have RMDs. The amount of the RMD is determined by a variety of factors; please visit the IRS website for details.