minimum distribution requirement
A term to know.
A minimum amount is required to be distributed from a tax-deferred retirement program being April 1 after the calendar year in which the plan participant attains the age of 70 and 1/2 or retires.
Synonyms:
MDR, MDRs, RMD, RMDs, required minimum distribution
Synonyms list
(a comma-separated list)
MDR, MDRs, RMD, RMDs, required minimum distribution