Save time with our cheat sheets, fact sheets, checklists & books!

February 19, 2009




Amount paid from a retirement plan as a reportable transaction. A distribution can  be processed as a direct rollover  or paid to the participant.

Referring Cite

IRC § 401(a)(9) for RMDs, IRC § 72(t) for early distribution penalties,  IRS Publication 590 for IRAs, IRS Publication 575 for qualified plans, Treas. Reg. 1.401-1(b)(1)(ii)) for triggering events

Additional Helpful Information

  • A distribution that is not rolled over within 60-days must be included in the distributee’s (participant , beneficiary or alternate payee )  income for the year.

Keep Learning

Applicable RMD Age

Applicable RMD Age The first year for which an IRA owner or plan participant must begin to take RMDs from their tax-deferred retirement account. RMDs

SIMPLE 401(k) Plan

Definition A SIMPLE 401(k) plan is a 401(k) plan established by a small business for it’s employees. Earnings accrue on a tax-deferred basis and distributions

Required Minimum Distribution (RMD)

Definition The minimum amount that must be withdrawn from retirement accounts, including qualified plans, 403(b) accounts, 457(b) accounts or IRAs, each year.  For retirement account

Required beginning date (RBD)

Definition The date by which a retirement account owner must begin distributing required minimum distribution (RMD) amounts from a Traditional,  SEP or SIMPLE IRA, a

Be among the first to know when

IRA Rules