After you reach 73 years of age, you’re required to start withdrawing money from certain retirement accounts. Specifically, if you have money in tax-deferred accounts, including but not limited to a traditional IRA, 401(k), 403(b), or thrift savings account, the required minimum distribution (RMD) rules apply to you. (Any funds in after-tax (Roth) accounts aren’t subject to RMDs.)
If you have $1 million in retirement savings in tax-deferred accounts, how much are you required to withdraw in 2025?
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