Retirement Accounts

Do I Need to Take a Required Minimum Distribution?

By Samantha Masey | March 29, 2022

Written by: Nicole Gobel, CPA In every industry there are acronyms. In the investment advisory and tax planning world, RMD or MRD is often used. Both stand for Required Minimum Distribution. This is the minimum amount one must take as a distribution from various retirement accounts each tax year and is specific to each individual…