RMD (Required Minimum Distribution)
The minimum you must withdraw from pre-tax retirement accounts starting at age 73.
Why it matters
Applies to traditional IRAs, 401(k)s, 403(b)s, and similar accounts. Missing an RMD triggers a 25% excise tax on the shortfall (reduced from 50% by SECURE 2.0). Roth IRAs have no RMDs for the original owner.
See also
Educational only — not financial, tax, or legal advice.