Required Beginning Date - RBD

DEFINITION of 'Required Beginning Date - RBD'

The date by which a qualified plan participant or IRA owner must begin receiving required minimum distributions from his or her retirement account.

BREAKING DOWN 'Required Beginning Date - RBD'

This date occurs on April 1 following the calendar year the participant reaches age 70.5. Some qualified plans may allow participants who have reached this age to delay the RBD until April 1 of the year following the year they retire. This option to delay the RBD, however, is not available to employees who own at least 5% of the business that adopted the qualified plan.

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RELATED FAQS
  1. Does the five-year rule apply if a non-spouse inherits an IRA after the required ...

    The five-year rule applies only when the IRA owner dies before the required beginning date (RBD). If the IRA owner dies after ... Read Answer >>
  2. Can I defer my RMD or stop it?

    I am 76 years old. This year, I will have W2 income of $100,000 plus a SS income of $45,000. ... Read Answer >>
  3. If an IRA owner dies after starting required minimum distributions (RMD) but the ...

    If the IRA owner dies after the required beginning date (RBD) and his/her beneficiary is his/her spouse, the spouse beneficiary ... Read Answer >>
  4. Who is eligible for a qualified retirement plan?

    Meeting eligibility requirements for a qualified retirement plan vary but generally dictate a minimum age and a the amount ... Read Answer >>
  5. Are the distribution rules for 401(k) and 403(b) plans the same as those for IRA ...

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    Learn about the definition of a qualified retirement plan and some of the features and benefits of individual retirement ... Read Answer >>
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