Retirement Alphabet Soup! RBD for RMDs….
Your Required Beginning Date
You’ve likely already heard about required minimum distributions (RMDs), but do you know what your required beginning date (RBD) is?
Your RBD is the date by which you must begin to take RMDs from your retirement account if you have an IRA or employer plan.
It is important to note that the rules differ depending on the type of retirement account you have and whether you are the account owner or the beneficiary.
Have more questions about your retirement account distributions? Please contact our office at 703-466-0477 to schedule a time for a visit or a quick call.
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