Required Minimum Distributions (RMDS)

Traditional Individual Retirement Account (IRA) owners are generally required to start taking annual withdrawals from their accounts at RMD age (see SECURE Act below for details).  Roth IRAs do not require withdrawals until after the death of the owner.  After you reach age 59 1/2, you can receive distributions without having to pay an IRS 10% additional tax early withdrawal penalty.

Please consult your tax preparer if you have any questions.