Business and Personal Finance Dictionary

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• RMD OR RMDS
  
  Refer to Required Minimum Distributions from retirement accounts/plans. The rules governing these distributions are complex and subject to changes, new interpretations or even definitions. This subject matter becomes more complicated in the event of a death. Given those few caveats, RMDs are those distributions which must be made each period by the owner of the retirement account. Depending on the type of account factors such as life expectancy, over-funding, new contributions, actual age and its relationship to a statutory limit impact the calculation of Required Minimum Distributions.
  
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