How Much Is the Required Minimum Distribution (RMD) If You Have $500,000 in Your Retirement Account? Here's What You Need to Know Before the End of the Year.

You may not have to take a required minimum distribution (RMD) if you're under 73, or if the account meets certain criteria.
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Required minimum distribution: What is it and who has to take it?

Required minimum distributions (RMD) are mandatory withdrawals seniors must take from their retirement accounts starting at age 73. RMDs are not a set dollar amount. Rather they're a sliver of your ...