https://ttlc.intuit.com/community/retirement/discussion/re-rmd/01/3372156#M224959 <P>Great question!<BR /><BR />RMD's or Required&nbsp; Minimum Distribution is the minimum amount of money you're required to take out of your retirement plan if you were 72 years old in 2023 or once you turn 73 in 2023.<BR /><BR /></P> <P class="Paragraph__ParagraphContainer-lsfy1y-0 kdDAkV"><SPAN class="idsT Typography-body-2-90357b5 Typography-light-4355409">RMD rules apply to all employer-sponsored retirement plans, such as pensions, profit-sharing, 401(k), 403(b), and 457(b) plans, as well as traditional IRAs and IRA-based plans, such as SEPs, SARSEPs, and SIMPLE IRAs. However, RMDs aren't required for Roth IRAs while the owner is still alive.</SPAN></P> <P class="Paragraph__ParagraphContainer-lsfy1y-0 kdDAkV"><SPAN class="idsT Typography-body-2-90357b5 Typography-light-4355409">Your 1099-R issuer is required to follow RMD rules and regulations, so if you received a distribution and you're at least 73 years young, you can be almost certain you received an RMD. Check with your plan administrator if you're still not sure.</SPAN></P> Wed, 26 Jun 2024 18:34:13 GMT TeriH 2024-06-26T18:34:13Z https://ttlc.intuit.com/community/retirement/discussion/rmd/01/3372143#M224958 <P>How does RMD</P> Wed, 11 Feb 2026 09:52:36 GMT https://ttlc.intuit.com/community/retirement/discussion/rmd/01/3372143#M224958 cstajoe 2026-02-11T09:52:36Z https://ttlc.intuit.com/community/retirement/discussion/re-rmd/01/3372156#M224959 <P>Great question!<BR /><BR />RMD's or Required&nbsp; Minimum Distribution is the minimum amount of money you're required to take out of your retirement plan if you were 72 years old in 2023 or once you turn 73 in 2023.<BR /><BR /></P> <P class="Paragraph__ParagraphContainer-lsfy1y-0 kdDAkV"><SPAN class="idsT Typography-body-2-90357b5 Typography-light-4355409">RMD rules apply to all employer-sponsored retirement plans, such as pensions, profit-sharing, 401(k), 403(b), and 457(b) plans, as well as traditional IRAs and IRA-based plans, such as SEPs, SARSEPs, and SIMPLE IRAs. However, RMDs aren't required for Roth IRAs while the owner is still alive.</SPAN></P> <P class="Paragraph__ParagraphContainer-lsfy1y-0 kdDAkV"><SPAN class="idsT Typography-body-2-90357b5 Typography-light-4355409">Your 1099-R issuer is required to follow RMD rules and regulations, so if you received a distribution and you're at least 73 years young, you can be almost certain you received an RMD. Check with your plan administrator if you're still not sure.</SPAN></P> Wed, 26 Jun 2024 18:34:13 GMT https://ttlc.intuit.com/community/retirement/discussion/re-rmd/01/3372156#M224959 TeriH 2024-06-26T18:34:13Z