RMD definition
Examples of RMD in a sentence
The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death.
Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.
You may continue to make regular contributions to your ▇▇▇▇ ▇▇▇ even after you attain RMD age.
The Pension Protection Act of 2006 allows ▇▇▇▇ ▇▇▇ holders who are RMD age or older at the time of a distribution to annually exclude qualified charitable distribution amounts up to $100,000 per year from gross income.
Employer contributions to a Simplified Employee Pension Plan or a SIMPLE Plan may be continued after you attain RMD age.