Business and Personal Finance Dictionary

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• REQUIRED BEGINNING DATE (RBD)
  
  Your required beginning date is the date by which you must take your first minimum required distribution from retirement savings plans that require distributions. For an individual retirement account (IRA), it's April 1 following the year you turn 70 1/2. For a 401(k), it's either April 1 following the year you turn 70 1/2 or April 1 following the year you retire, unless you own 5% or more of the company sponsoring the plan. If that's the case, the deadline is April 1 after you turn 70 1/2.
  
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