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What is the Required Minimum Distribution (RMD) for IRA?

September 21, 2022
September 28, 2022
Customer Experience, Standard Operating Procedures, IRAs
IRA, Individual retirement account, RMD, Required minimum distribution
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  1. RMD is the minimum amount the client must withdraw from their account each year when they have reached the age  
  2. The client can withdraw more than the minimum required amount
  3. Any withdrawals will be included in their income as taxable
  4. The RMD applies to Traditional IRA