https://ttlc.intuit.com/community/retirement/discussion/rmd-is-a-required-minimum-distribution-you-cannot-keep-r/01/428773#M39067 <P>RMD is a required minimum distribution.</P><P>You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½.&nbsp;<A rel="nofollow" href="https://www.irs.gov/retirement-plans/roth-iras" target="_blank">Roth IRAs</A>&nbsp;do not require withdrawals until after the death of the owner.<BR /></P><P>Your&nbsp;required minimum&nbsp;distribution&nbsp;is the minimum amount you must withdraw from your account each year.</P><UL> <LI>You can withdraw more than the minimum required amount.</LI> <LI>Your withdrawals will be included in your taxable income except for any part that was taxed before (your basis) or that can be received tax-free (such as qualified distributions from designated Roth accounts).</LI> </UL> Tue, 04 Jun 2019 21:38:22 GMT maglib 2019-06-04T21:38:22Z https://ttlc.intuit.com/community/retirement/discussion/what-is-rmd-i-receive-a-monthly-distribution-from-a-former-employer-that-is-reported-on-my-taxes/01/428767#M39066 Tue, 04 Jun 2019 21:38:20 GMT https://ttlc.intuit.com/community/retirement/discussion/what-is-rmd-i-receive-a-monthly-distribution-from-a-former-employer-that-is-reported-on-my-taxes/01/428767#M39066 Carolyn-McKnight 2019-06-04T21:38:20Z https://ttlc.intuit.com/community/retirement/discussion/rmd-is-a-required-minimum-distribution-you-cannot-keep-r/01/428773#M39067 <P>RMD is a required minimum distribution.</P><P>You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½.&nbsp;<A rel="nofollow" href="https://www.irs.gov/retirement-plans/roth-iras" target="_blank">Roth IRAs</A>&nbsp;do not require withdrawals until after the death of the owner.<BR /></P><P>Your&nbsp;required minimum&nbsp;distribution&nbsp;is the minimum amount you must withdraw from your account each year.</P><UL> <LI>You can withdraw more than the minimum required amount.</LI> <LI>Your withdrawals will be included in your taxable income except for any part that was taxed before (your basis) or that can be received tax-free (such as qualified distributions from designated Roth accounts).</LI> </UL> Tue, 04 Jun 2019 21:38:22 GMT https://ttlc.intuit.com/community/retirement/discussion/rmd-is-a-required-minimum-distribution-you-cannot-keep-r/01/428773#M39067 maglib 2019-06-04T21:38:22Z