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Tax Tip of the Week | No. 356 | Charitable IRA Distributions
A person must take a Required Minimum Distribution (RMD) from their IRA each year once they reach age 70.5.
Tax Tip of the Week | No. 315 | Make the Most of RMDs
When a person reaches age 70.5, and they have an IRA account, they must start taking Required Minimum Distributions (RMD) annually.
If You Are Age 70 1/2 - Take Out Your RMDs From Your IRAs Before 12.30.11 | Tax Tip of the Week | No. 123
The RMD rules apply to all employer sponsored retirement plans, including profit-sharing plans, 401(k) plans, 403(b) plans and 457(b) plans. The RMD rules also apply to traditional IRAs and IRA-based plans such as SEPs, SARSEPs and SIMPLE IRAs.