Distribution Year definition
Examples of Distribution Year in a sentence
Applicable Distribution Period - The period used to determine the amount required to be distributed as an RMD during a Distribution Year.
Distribution Year - The calendar year for which an RMD is required.
In that case, the RMD amount that must be distributed each Distribution Year with respect to the Contract shall be equal to the quotient obtained by dividing the account balance for the Contract (as determined in accordance with subparagraph 8(b)(i) above) by the Applicable Distribution Period.
Such RMD must be distributed no later than the DB Required Beginning Date, and for each subsequent Distribution Year by December 31 thereof.
The first Distribution Year is the calendar year in which the Owner attains age 701/2 (or, where applicable under Reg.