required minimum distribution

Definition of "required minimum distribution"
  1. The smallest amount a person must withdraw from their traditional IRA or 401(k) after they turn 72
How to use "required minimum distribution" in a sentence
  1. Once Joe reached the age of 72, he had to make sure he took out his required minimum distribution from his IRA.
  2. In compliance with the rules, Sara started taking her required minimum distribution from her 401(k).
  3. By neglecting his required minimum distribution, Tom faced financial consequences.

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