What does RMD mean? Read on to discover the definition & meaning of the term RMD - to help you better understand the language used in insurance policies.
Required Minimum Distribution (RMD) is the minimum withdrawal for certain retirement plans, as prescribed by the Internal Revenue Service. This usually begins on the first April after the worker has reached 70.5 years of age and retires from their job.
We hope the you have a better understanding of the meaning of RMD.