Definitions for "Minimum required distribution"
Keywords:  ira, april, irs, retire, december
minimum amount of money that the IRS requires individuals to begin withdrawing from their retirement accounts (excluding Roth IRAs) beginning at age 70½.
The smallest periodic benefit payment the IRS will allow a participant of a 401 or 457 plan to receive. In determining this amount, the schedule of payments, amount of assets in the account and life expectancy of the participant (and beneficiary) are considered. See also “IRS minimum required distribution.
a minimum annual amount that must be taken from an IRA or qualified plan after age 701/2 (or actual retirement in the case of certain qualified plan participants); also known as required minimum distribution (RMD)